Luxembourg vs Singapore: External balance on goods and services
External balance on goods and services 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 193 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, 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 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?
- Luxembourg ranks 5th and Singapore ranks 4th of 193 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.