Luxembourg vs Naoero: Current account balance
Current account balance over time
- Luxembourg
- Naoero
How they compare
Naoero currently reports 5.8% against 5.2% in Luxembourg, a difference of 0.6%.
That makes Naoero's figure about 1.1 times Luxembourg's.
The two have swapped places 3 times across 17 shared years of data; in 2008 it was Naoero ahead.
Luxembourg ranks 36th and Naoero ranks 35th of 200 countries.
Across the 3 decades both report, Luxembourg averaged higher in 1 and Naoero in 2.
Head to head by decade
| Decade | Luxembourg | Naoero | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 5.9% | 58.7% | 52.8% | Naoero |
| 2010s | 6.3% | 19.7% | 13.4% | Naoero |
| 2020s | 5.9% | 3.1% | 2.7% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Luxembourg or Naoero?
- Naoero, at 5.8% against 5.2% in Luxembourg as of 2024.
- What is the difference in current account balance between Luxembourg and Naoero?
- 0.6%, with Naoero ahead.
- How many years of comparable data are there for Luxembourg and Naoero?
- 17 years are reported by both, from 2008 to 2024.
- How do Luxembourg and Naoero rank globally for current account balance?
- Luxembourg ranks 36th and Naoero ranks 35th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.