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Balance of payments of Luxembourg in 2016
29-03-2017 | STATEC | BCL

The Central Bank of Luxembourg (BCL) and STATEC inform that, according to preliminary provisional results, the current account for 2016 resulted in a surplus of 2.6 billion euros, corresponding to an almost 5% drop compared to 2015.

The trade deficit increased in 2016 and amounts to -3.3 billion euros (compared to -2.6 billion in 2015). Among others, this development can be explained by the significant decline in net exports of goods under merchanting (-1.2 billion euros respectively -39% compared to 2015).