Net secondary income (Net current transfers from abroad) in Luxembourg
Luxembourg: Net secondary income (Net current transfers from abroad) was -587.70 million current LCU in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Luxembourg, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, net secondary income (net current transfers from abroad) in Luxembourg stood at -587.70 million current LCU.
That represents a change of up 4.5% on the previous year and down 297.8% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Luxembourg peaked at 1.16 billion current LCU in 2015 and was at its lowest, -790.80 million current LCU, in 2022.
That places Luxembourg 159th out of 202 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Luxembourg, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | -466.80 million current LCU | — |
| 1996 | -521.40 million current LCU | +11.7% |
| 1997 | -608.10 million current LCU | +16.6% |
| 1998 | -629.10 million current LCU | +3.5% |
| 1999 | -570.50 million current LCU | -9.3% |
| 2000 | -351.50 million current LCU | -38.4% |
| 2001 | -338.20 million current LCU | -3.8% |
| 2002 | 132.50 million current LCU | -139.2% |
| 2003 | 177.00 million current LCU | +33.6% |
| 2004 | -268.30 million current LCU | -251.6% |
| 2005 | -102.10 million current LCU | -61.9% |
| 2006 | -33.20 million current LCU | -67.5% |
| 2007 | 121.80 million current LCU | -466.9% |
| 2008 | 33.00 million current LCU | -72.9% |
| 2009 | -659.10 million current LCU | -2097.3% |
| 2010 | -79.80 million current LCU | -87.9% |
| 2011 | -246.60 million current LCU | +209.0% |
| 2012 | -333.40 million current LCU | +35.2% |
| 2013 | 272.70 million current LCU | -181.8% |
| 2014 | 297.10 million current LCU | +8.9% |
| 2015 | 1.16 billion current LCU | +290.7% |
| 2016 | 1.04 billion current LCU | -10.5% |
| 2017 | -169.30 million current LCU | -116.3% |
| 2018 | -111.40 million current LCU | -34.2% |
| 2019 | 287.90 million current LCU | -358.4% |
| 2020 | -24.70 million current LCU | -108.6% |
| 2021 | -184.80 million current LCU | +648.2% |
| 2022 | -790.80 million current LCU | +327.9% |
| 2023 | -615.70 million current LCU | -22.1% |
| 2024 | -587.70 million current LCU | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -559.18 million current LCU | -629.10 million current LCU | -466.80 million current LCU | 5 |
| 2000s | -128.81 million current LCU | -659.10 million current LCU | 177.00 million current LCU | 10 |
| 2010s | 211.75 million current LCU | -333.40 million current LCU | 1.16 billion current LCU | 10 |
| 2020s | -440.74 million current LCU | -790.80 million current LCU | -24.70 million current LCU | 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 3.31 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8014 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 118,006 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 0.5683 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6311 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 92,937 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 0.5682 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.615 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Luxembourg?
- Net secondary income (net current transfers from abroad) in Luxembourg was -587.70 million current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Luxembourg?
- The highest recorded value was 1.16 billion current LCU in 2015.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Luxembourg?
- The lowest recorded value was -790.80 million current LCU in 2022.
- How does Luxembourg rank for net secondary income (net current transfers from abroad)?
- Luxembourg ranks 159th out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Luxembourg?
- Over the last ten years it is down 297.8%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net secondary income (Net current transfers from abroad) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.