Current Account in Luxembourg

Luxembourg Current Account | Economic News & Forecasts

Luxembourg - Current Account

Luxembourg’s economy appeared to get off on the right foot this year after what appeared to be solid third (Q3: +0.6% quarter-on-quarter s.a.) and fourth-quarter outturns last year. That said, its highly-developed financial markets have left it particularly exposed to the recent pullback across the Eurozone. Despite growing apprehension, financial-sector gains buoyed third-quarter growth. Non-financials, meanwhile, perked up. On the demand side, job creation and tax cuts bolstered economic sentiment which, in turn, lifted household spending. Fixed investment contracted for a third quarter, however, on an aircraft- and satellite-related base effect.

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 %Mar 11
Stock Market6910.19 %Mar 11

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