Current Account in Luxembourg

Luxembourg Current Account | Economic News & Forecasts

Luxembourg - Current Account

Luxembourg’s economy lost some steam in Q4 2018, held back by cooling domestic demand. Household spending took a hit despite higher wages and record-low unemployment. Fixed investment, on the other hand, rebounded. Meanwhile, the all-important financial-services sector stumbled as market volatility squeezed investment funds at year-end. Looking at Q1, the gloomy European backdrop appears to have continued taking its toll. Business sentiment deteriorated amid lackluster manufacturing activity in Germany and France. In turn, industrial output slipped and export growth lost stride through January. On a brighter note, strong retail sales growth in January suggests that household spending may have picked up at the outset of the year.

Luxembourg - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)5.5  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 %May 13
Stock Market6260.19 %May 13

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