Luxembourg vs Singapore: External balance on goods and services as a percent of GDP
Luxembourg
31.2%
in 2025
Singapore
35.4%
in 2025
Luxembourg rank
5th
Singapore rank
4th
External balance on goods and services as a percent of GDP over time
- Luxembourg
- Singapore
How they compare
Singapore currently reports 35.4% against 31.2% in Luxembourg, a difference of 4.2%.
That makes Singapore's figure about 1.1 times Luxembourg's.
The two have swapped places 9 times across 56 shared years of data; in 1970 it was Luxembourg ahead.
Luxembourg ranks 5th and Singapore ranks 4th of 191 countries.
Across the 6 decades both report, Luxembourg averaged higher in 5 and Singapore in 1.
Head to head by decade
| Decade | Luxembourg | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 13.6% | -10.6% | 24.3% | Luxembourg |
| 1980s | 8.4% | 1.5% | 6.9% | Luxembourg |
| 1990s | 17.0% | 14.8% | 2.3% | Luxembourg |
| 2000s | 25.7% | 23.8% | 2.0% | Luxembourg |
| 2010s | 31.8% | 26.4% | 5.4% | Luxembourg |
| 2020s | 32.4% | 35.9% | 3.5% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services as a percent of gdp, Luxembourg or Singapore?
- Singapore, at 35.4% against 31.2% in Luxembourg as of 2025.
- What is the difference in external balance on goods and services as a percent of gdp between Luxembourg and Singapore?
- 4.2%, with Singapore ahead.
- How many years of comparable data are there for Luxembourg and Singapore?
- 56 years are reported by both, from 1970 to 2025.
- How do Luxembourg and Singapore rank globally for external balance on goods and services as a percent of gdp?
- Luxembourg ranks 5th and Singapore ranks 4th of 191 countries.
- Where does this data come from?
- National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as External balance on goods and services as a percent of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.