External balance on goods and services as a percent of GDP in Luxembourg
Luxembourg: External balance on goods and services as a percent of GDP was 31.2% in 2025. ▲ Rising
External balance on goods and services as a percent of GDP in Luxembourg, 1970–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2025, external balance on goods and services as a percent of gdp in Luxembourg stood at 31.2%.
Compared with earlier readings it is down 2.0% on the previous year and down 4.2% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Luxembourg peaked at 33.8% in 2016 and was at its lowest, 3.6%, in 1981.
Luxembourg ranks 5th of 191 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 56 years of available data.
External balance on goods and services as a percent of GDP in Luxembourg, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 18.7% | — |
| 1971 | 9.9% | -47.4% |
| 1972 | 11.7% | +18.9% |
| 1973 | 18.4% | +56.8% |
| 1974 | 27.3% | +48.5% |
| 1975 | 10.7% | -60.6% |
| 1976 | 11.8% | +10.2% |
| 1977 | 10.1% | -14.6% |
| 1978 | 7.4% | -27.0% |
| 1979 | 10.4% | +40.6% |
| 1980 | 5.7% | -44.8% |
| 1981 | 3.6% | -38.0% |
| 1982 | 4.9% | +37.5% |
| 1983 | 6.7% | +36.9% |
| 1984 | 8.9% | +33.0% |
| 1985 | 12.6% | +41.2% |
| 1986 | 12.0% | -4.4% |
| 1987 | 7.5% | -37.4% |
| 1988 | 9.2% | +21.8% |
| 1989 | 12.6% | +37.8% |
| 1990 | 11.6% | -7.9% |
| 1991 | 10.5% | -9.2% |
| 1992 | 14.7% | +38.9% |
| 1993 | 16.3% | +11.4% |
| 1994 | 18.5% | +13.3% |
| 1995 | 19.4% | +5.0% |
| 1996 | 20.3% | +4.7% |
| 1997 | 20.4% | +0.1% |
| 1998 | 18.8% | -7.5% |
| 1999 | 20.0% | +6.0% |
| 2000 | 22.9% | +14.7% |
| 2001 | 21.6% | -5.4% |
| 2002 | 22.0% | +1.8% |
| 2003 | 20.7% | -6.0% |
| 2004 | 22.2% | +7.4% |
| 2005 | 23.6% | +6.0% |
| 2006 | 29.6% | +25.6% |
| 2007 | 31.7% | +7.0% |
| 2008 | 30.8% | -2.8% |
| 2009 | 32.3% | +5.0% |
| 2010 | 31.7% | -1.8% |
| 2011 | 30.3% | -4.7% |
| 2012 | 30.6% | +1.2% |
| 2013 | 32.2% | +5.2% |
| 2014 | 32.1% | -0.3% |
| 2015 | 32.5% | +1.3% |
| 2016 | 33.8% | +3.8% |
| 2017 | 31.7% | -6.1% |
| 2018 | 32.6% | +2.7% |
| 2019 | 30.5% | -6.4% |
| 2020 | 33.3% | +9.2% |
| 2021 | 33.7% | +1.3% |
| 2022 | 32.4% | -3.8% |
| 2023 | 32.2% | -0.8% |
| 2024 | 31.8% | -1.2% |
| 2025 | 31.2% | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.6% | 7.4% | 27.3% | 10 |
| 1980s | 8.4% | 3.6% | 12.6% | 10 |
| 1990s | 17.0% | 10.5% | 20.4% | 10 |
| 2000s | 25.7% | 20.7% | 32.3% | 10 |
| 2010s | 31.8% | 30.3% | 33.8% | 10 |
| 2020s | 32.4% | 31.2% | 33.7% | 6 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 108.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 1.16 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 160,408 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -93.89 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -188.59 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.9282 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -136,679 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 9.54 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services as a percent of gdp in Luxembourg?
- External balance on goods and services as a percent of gdp in Luxembourg was 31.2% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Luxembourg?
- The highest recorded value was 33.8% in 2016.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Luxembourg?
- The lowest recorded value was 3.6% in 1981.
- How does Luxembourg rank for external balance on goods and services as a percent of gdp?
- Luxembourg ranks 5th out of 191 countries with data for 2025.
- Is external balance on goods and services as a percent of gdp rising or falling in Luxembourg?
- Over the last ten years it is down 4.2%. The long-run trend across the full record is rising.
- Where does this Luxembourg data come from?
- The figures 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 part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.