Current Account in Luxembourg

Luxembourg Current Account | Economic News & Forecasts

Luxembourg - Current Account

The economy seems to have lost pace in the third quarter, after expanding at the quickest clip in nearly a year in the previous quarter. Retail sales growth ebbed in the third quarter, amid downbeat consumer confidence, which suggests that household consumption likely slowed in the period. Moreover, industrial production plunged in Q3 as sentiment in the sector deteriorated further, while merchandise export growth lost pace in the quarter amid subdued global demand and elevated external uncertainty. Meanwhile, available data paints a similar picture for the fourth quarter: Pessimism among consumers deepened in October–November, while business confidence was downbeat in the same period, hinting at faltering household consumption and capital expenditure in the final months of the year.

Luxembourg - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)5.4  5.2  5.1  5.1  5.0  

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Luxembourg Current Account Chart

Luxembourg Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Luxembourg and FocusEconomics calculations.

Luxembourg Facts

Exchange Rate1.120.65 %Dec 31

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