Volume of remittances (in United States dollars) as a proportion of in Luxembourg
Luxembourg: Volume of remittances (in United States dollars) as a proportion of was 2.7% in 2024. ▼ Falling
Volume of remittances (in United States dollars) as a proportion of in Luxembourg, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Luxembourg is 2.7%, measured in 2024. That is the lowest value across all 25 years on record.
Compared with earlier readings it is down 5.6% on the previous year and down 2.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Luxembourg peaked at 3.5% in 2003 and was at its lowest, 2.7%, in 2024.
That places Luxembourg 94th out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Luxembourg, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.7% | — |
| 2001 | 2.7% | -1.1% |
| 2002 | 3.5% | +29.8% |
| 2003 | 3.5% | +0.9% |
| 2004 | 3.4% | -4.8% |
| 2005 | 3.2% | -6.1% |
| 2006 | 3.0% | -4.5% |
| 2007 | 2.9% | -4.9% |
| 2008 | 2.8% | -1.5% |
| 2009 | 3.1% | +9.0% |
| 2010 | 3.0% | -3.5% |
| 2011 | 2.9% | -1.2% |
| 2012 | 2.9% | -2.1% |
| 2013 | 2.9% | +2.5% |
| 2014 | 2.7% | -6.9% |
| 2015 | 2.8% | +1.6% |
| 2016 | 2.8% | +0.3% |
| 2017 | 2.9% | +3.8% |
| 2018 | 2.9% | +0.9% |
| 2019 | 3.0% | +2.5% |
| 2020 | 3.2% | +5.3% |
| 2021 | 2.8% | -10.3% |
| 2022 | 2.8% | -2.2% |
| 2023 | 2.8% | +2.3% |
| 2024 | 2.7% | -5.6% |
Luxembourg compared with similar countries
- Luxembourg's 2.7% is above the median for high income countries, which is 0.7%, 3.6× the median. (66 countries reporting)
- Luxembourg's 2.7% is above the median for Europe & Central Asia, which is 1.5%, 1.7× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.1% | 2.7% | 3.5% | 10 |
| 2010s | 2.9% | 2.7% | 3.0% | 10 |
| 2020s | 2.9% | 2.7% | 3.2% | 5 |
Countries ranked near Luxembourg
- 91 Colombia 2.8% compare
- 92 Democratic Republic of the Congo 2.8% compare
- 93 North Macedonia 2.7% compare
- 95 Uganda 2.7% compare
- 96 Syrian Arab Republic 2.6% compare
- 96 Syria 2.6% compare
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 volume of remittances (in united states dollars) as a proportion of in Luxembourg?
- Volume of remittances (in united states dollars) as a proportion of in Luxembourg was 2.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Luxembourg?
- The highest recorded value was 3.5% in 2003.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Luxembourg?
- The lowest recorded value was 2.7% in 2024.
- How does Luxembourg rank for volume of remittances (in united states dollars) as a proportion of?
- Luxembourg ranks 94th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Luxembourg?
- Over the last ten years it is down 2.3%. The long-run trend across the full record is falling.
- Where does this Luxembourg data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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