Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Luxembourg
LUXB6BLTT02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.05
Year-over-Year Change
-287.15%
Date Range
1/1/1995 - 10/1/2024
Summary
The Balance of Payments: Current Account measures the difference between Luxembourg's total revenue and expenditure with the rest of the world. This metric is a key indicator of a country's economic performance and external position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Current Account Balance tracks a country's net trade in goods, services, income, and unilateral transfers. It reflects a nation's savings and investment balance, providing insight into its long-term economic health and sustainability.
Methodology
The data is collected and calculated by the Banque centrale du Luxembourg using survey responses and trade statistics.
Historical Context
Policymakers and analysts use the Current Account Balance to evaluate a country's international competitiveness and financing needs.
Key Facts
- Luxembourg has maintained a current account surplus since the 1990s.
- In 2021, Luxembourg's current account surplus was 13.3% of its GDP.
- The services trade surplus is the main driver of Luxembourg's current account.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current Account measures the difference between Luxembourg's total revenue and expenditure with the rest of the world, including trade in goods, services, income, and unilateral transfers.
Q: Why is this trend relevant for users or analysts?
A: The Current Account Balance is a key indicator of a country's economic performance and external position, providing insight into its long-term economic health and sustainability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Banque centrale du Luxembourg using survey responses and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Current Account Balance to evaluate a country's international competitiveness and financing needs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Luxembourg (LUXB6BLTT02STSAQ), retrieved from FRED.