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. 2014-04-17

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 22.00 2013-08-15 17.00 25.00 6.00 19.80 2013-12-31 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 GDP Deflator at 136.18 Index Points  
GDP Deflator in Luxembourg increased to 136.18 Index Points in the fourth quarter of 2013 from 132.74 Index Points in the third quarter of 2013. GDP Deflator in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Government Budget Value at 25.50 EUR Million  
Luxembourg recorded a government budget surplus of 25.50 EUR Million in 2013. Government Budget Value in Luxembourg is reported by the Banque Centrale Du Luxembourg.
Luxembourg Government Spending at 1577.20 EUR Million  
Government Spending in Luxembourg increased to 1577.20 EUR Million in the fourth quarter of 2013 from 1569.20 EUR Million in the third quarter of 2013. Government Spending in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Gross Fixed Capital Formation at 1577.40 EUR Million  
Gross Fixed Capital Formation in Luxembourg decreased to 1577.40 EUR Million in the fourth quarter of 2013 from 2163.40 EUR Million in the third quarter of 2013. Gross Fixed Capital Formation in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Harmonised Consumer Prices at 123.76 Index Points  
Harmonised Consumer Prices in Luxembourg increased to 123.76 Index Points in March of 2014 from 123.71 Index Points in February of 2014. Harmonised Consumer Prices in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Housing Permits at 229.00  
Housing Index in Luxembourg increased to 229 in September of 2013 from 224 in August of 2013. Housing Index in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Labour Costs at 101.10 Index Points  
Labour Costs in Luxembourg decreased to 101.10 Index Points in January of 2014 from 128.90 Index Points in December of 2013. Labour Costs in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg New Orders at 83.40 Index Points  
New Orders in Luxembourg decreased to 83.40 Index Points in February of 2013 from 106.70 Index Points in January of 2013. New Orders in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Producer Prices at 104.51 Index Points  
Producer Prices in Luxembourg decreased to 104.51 Index Points in January of 2014 from 104.92 Index Points in December of 2013. Producer Prices in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Remittances at 22.00 EUR Million  
Remittances in Luxembourg increased to 22 EUR Million in the third quarter of 2013 from 17 EUR Million in the second quarter of 2013. Remittances in Luxembourg is reported by the Eurostat.
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