Luxembourg's external balance on goods and services (current US$) was US$31.52 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 61.25% from US$19.55 billion in 2015 (4.89% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$31.52 billion | 2025 |
| Five years earlier | US$24.53 billion | 2020 |
| Ten years earlier | US$19.55 billion | 2015 |
| Highest | US$31.52 billion | 2025 |
| Lowest | US$149.81 million | 1971 |
| Average since 2016 | US$25.59 billion | 2016–2025 |
| First recorded | US$273.18 million |
What the numbers say
In 2025, Luxembourg's external balance on goods and services (current US$) rose 6.3% on 2024 (from US$29.66 billion to US$31.52 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +8.3% and a typical year strayed about 12.6% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 115.2% in 1973 and the biggest yearly fall was 61.4% in 1975. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about US$1.23 billion a year. A straight line explains 87% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about US$33.59 billion for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was US$2.05 billion, against US$3.71 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2025, Luxembourg had the 15th highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Luxembourg in the 2025 ranking
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 56 values
| Year | External balance on goods and services (current US$) |
|---|---|
| 2025 | 31,518,141,665 |
| 2024 | 29,661,145,226 |
| 2023 | 28,583,517,820 |
| 2022 | 26,211,856,977 |
| 2021 | 29,138,379,401 |
| 2020 | 24,526,867,050 |
| 2019 | 21,310,629,102 |
| 2018 | 23,153,266,233 |
| 2017 | 20,831,428,214 |
| 2016 | 21,004,332,240 |
External balance on goods and services (current US$) in nearby economies
- Albania — −US$1.68 billion (2025)
- Armenia — −US$1.61 billion (2025)
- Austria — US$13.81 billion (2025)
- Azerbaijan — US$4.72 billion (2025)
- Belarus — −US$1.82 billion (2025)
- Belgium — −US$14.64 billion (2025)
- Bosnia and Herzegovina — −US$4.28 billion (2025)
- Bulgaria — −US$1.36 billion (2025)
- Croatia — −US$5.3 billion (2025)
More economic policy & debt data for Luxembourg
- GDP (current US$) — US$101.16 billion (2025)
- GDP (current LCU) — 89.52 billion (2025)
- GDP (constant 2015 US$) — US$70.96 billion (2025)
- GDP (constant LCU) — 68.96 billion (2025)
- GDP per capita (current US$) — US$147,252 (2025)
- GDP per capita (current LCU) — 130,314 (2025)
- GDP per capita (constant 2015 US$) — US$103,292 (2025)
- GDP per capita (constant LCU) — 100,385 (2025)
- GNI (current US$) — US$68.91 billion (2025)
- GNI (current LCU) — 60.98 billion (2025)
- GNI per capita (current LCU) — 88,769 (2025)
Reading data like this
Questions people ask
- What is Luxembourg's external balance on goods and services (current US$)?
- US$31.52 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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