Luxembourg Current Account to GDP

Luxembourg recorded a Current Account surplus of 6.30 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Luxembourg is reported by the Eurostat. From 1995 until 2012, Luxembourg Current Account to GDP averaged 9.5 Percent reaching an all time high of 13.2 Percent in December of 2000 and a record low of 5.4 Percent in December of 2008. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Luxembourg Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.30 7.10 13.20 5.40 6.44 | 2013/12 1995 - 2012 Percent Yearly

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Luxembourg Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP 6.30 2012-12-31 7.10 13.20 5.40 6.44 2013-12-31 Percent [+]
External Debt 4659.46 2013-12-31 5619.52 5619.52 0.00 5620.47 2014-03-31 EUR Million [+]
Remittances 19.00 2013-11-15 22.00 25.00 6.00 18.34 2014-03-31 EUR Million [+]
Current Account 1094.50 2013-11-15 605.30 1577.40 -340.40 934.67 2014-03-31 EUR Million [+]
Balance of Trade -0.46 2014-01-15 -0.45 -0.03 -1.05 -0.51 2014-02-28 EUR Billion [+]
Exports 0.99 2014-01-15 0.95 1.07 0.35 0.98 2014-02-28 EUR Billion [+]
Imports 1.45 2014-01-15 1.40 1.95 0.39 1.38 2014-02-28 EUR Billion [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Luxembourg Industrial Production at 5.10 Percent  
Industrial Production in Luxembourg increased 5.10 percent in January of 2014 over the same month in the previous year. Industrial Production in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Retail Sales YoY at 1.40 percent  
Retail Sales in Luxembourg increased 1.40 percent in January of 2014 over the same month in the previous year. Retail Sales Yoy in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Bankruptcies at 1049.00 Companies  
Bankruptcies in Luxembourg decreased to 1049 Companies in 2013 from 1050 Companies in 2012. Bankruptcies in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Business Confidence at 91.80  
Business Confidence in Luxembourg decreased to 91.80 in March of 2014 from 93.20 in February of 2014. Business Confidence in Luxembourg is reported by the European Commission.
Luxembourg Capacity Utilization at 67.70 Percent  
Capacity Utilization in Luxembourg increased to 67.70 percent in the first quarter of 2014 from 65.80 percent in the fourth quarter of 2013. Capacity Utilization in Luxembourg is reported by the European Commission.
Luxembourg Car Registrations at 4773.00 Cars  
Car Registrations in Luxembourg increased to 4773 Cars in March of 2014 from 4123 Cars in February of 2014. Car Registrations in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Changes in Inventories at 0.53 EUR Billion  
Changes in Inventories in Luxembourg decreased to 0.53 EUR Billion in 2013 from 1.12 EUR Billion in 2012. Changes in Inventories in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Construction Output at 24.80 Percent  
Construction output in Luxembourg increased 24.80 percent in January of 2014 over the same month in the previous year. Construction Output in Luxembourg is reported by the Eurostat.
Luxembourg Consumer Price Index (CPI) at 121.43 Index Points  
Consumer Price Index (CPI) in Luxembourg decreased to 121.43 Index Points in March of 2014 from 121.45 Index Points in February of 2014. Consumer Price Index (CPI) in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Consumer Spending at 2976.30 EUR Million  
Consumer Spending in Luxembourg increased to 2976.30 EUR Million in the fourth quarter of 2013 from 2822.60 EUR Million in the third quarter of 2013. Consumer Spending in Luxembourg is reported by the STATEC, Luxembourg.
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