Current account balance as a share of GDP in Luxembourg
Luxembourg: Current account balance as a share of GDP was 4.4% in 2024. ▼ Falling
Current account balance as a share of GDP in Luxembourg, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Luxembourg is 4.4%, measured in 2024. That is the lowest value across all 25 years on record.
Compared with earlier readings it is down 35.8% on the previous year and down 10.8% over ten years.
Over the whole period, current account balance as a share of gdp in Luxembourg peaked at 11.8% in 2000 and was at its lowest, 4.4%, in 2024.
Luxembourg ranks 43rd of 193 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Current account balance as a share of GDP in Luxembourg, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 11.8% | — |
| 2001 | 7.7% | -34.4% |
| 2002 | 7.1% | -7.8% |
| 2003 | 7.2% | +1.4% |
| 2004 | 7.2% | -0.6% |
| 2005 | 6.9% | -3.8% |
| 2006 | 6.7% | -4.0% |
| 2007 | 6.5% | -1.5% |
| 2008 | 6.2% | -5.0% |
| 2009 | 5.5% | -11.3% |
| 2010 | 5.8% | +5.3% |
| 2011 | 5.6% | -3.1% |
| 2012 | 5.3% | -6.6% |
| 2013 | 5.2% | -1.1% |
| 2014 | 4.9% | -5.2% |
| 2015 | 5.6% | +14.0% |
| 2016 | 7.4% | +32.0% |
| 2017 | 6.2% | -16.7% |
| 2018 | 8.3% | +34.6% |
| 2019 | 8.6% | +3.6% |
| 2020 | 4.9% | -43.4% |
| 2021 | 5.0% | +2.3% |
| 2022 | 5.5% | +9.4% |
| 2023 | 6.8% | +25.5% |
| 2024 | 4.4% | -35.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.3% | 5.5% | 11.8% | 10 |
| 2010s | 6.3% | 4.9% | 8.6% | 10 |
| 2020s | 5.3% | 4.4% | 6.8% | 5 |
Countries ranked near Luxembourg
More economy & growth data for Luxembourg
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 8.8 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.8145 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 119,932 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 4.22 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.7208 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 106,136 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.25 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5638 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Luxembourg?
- Current account balance as a share of gdp in Luxembourg was 4.4% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Luxembourg?
- The highest recorded value was 11.8% in 2000.
- What is the lowest current account balance as a share of gdp recorded in Luxembourg?
- The lowest recorded value was 4.4% in 2024.
- How does Luxembourg rank for current account balance as a share of gdp?
- Luxembourg ranks 43rd out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Luxembourg?
- Over the last ten years it is down 10.8%. The long-run trend across the full record is falling.
- Where does this Luxembourg data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Current account balance as a proportion of GDP (%).