Luxembourg's net secondary income (net current transfers from abroad) (current US$) was −US$636.12 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 261.17% from US$394.7 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$636.12 million | 2024 |
| Five years earlier | US$322.3 million | 2019 |
| Ten years earlier | US$394.7 million | 2014 |
| Highest | US$1.29 billion | 2015 |
| Lowest | −US$919.3 million | 2009 |
| Average since 2015 | US$5.66 million | 2015–2024 |
| First recorded | −US$638.75 million |
What the numbers say
In 2024, Luxembourg's net secondary income (net current transfers from abroad) (current US$) rose US$29.62 million on 2023 (from −US$665.74 million to −US$636.12 million).
Across the 28 yearly changes before that (1996 to 2023), the average change was −US$963,751 and a typical year strayed about US$485.02 million from that (the standard deviation). This year's change was 0.1 standard deviations above 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 US$893.34 million in 2015 and the biggest yearly fall was US$1.34 billion in 2017. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about US$205.15 million a year. A straight line explains 73% 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.
How it compares
In 2024, Luxembourg had the 40th highest value of the 54 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 2024 ranking
- Slovak Republic — 36th of 54: −US$387.92 million
- Slovenia — 37th of 54: −US$424.32 million
- Cayman Islands — 38th of 54: −US$455.88 million
- New Zealand — 40th of 54: −US$754.1 million
- Hungary — 41st of 54: −US$1.44 billion
- Austria — 42nd of 54: −US$3.4 billion
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 30 values
| Year | Net secondary income (net current transfers from abroad) (current US$) |
|---|---|
| 2024 | -636,115,001 |
| 2023 | -665,737,094 |
| 2022 | -832,750,863 |
| 2021 | -218,570,409 |
| 2020 | -28,212,244 |
| 2019 | 322,296,711 |
| 2018 | -131,558,332 |
| 2017 | -191,255,023 |
| 2016 | 1,150,515,095 |
| 2015 | 1,288,033,515 |
Net secondary income (net current transfers from abroad) (current US$) in nearby economies
- Albania — US$1.53 billion (2025)
- Armenia — US$347.93 million (2025)
- Austria — −US$3.4 billion (2024)
- Azerbaijan — US$742.14 million (2025)
- Belarus — US$1.08 billion (2025)
- Belgium — −US$10.98 billion (2024)
- Bosnia and Herzegovina — US$3.23 billion (2025)
- Bulgaria — US$1.49 billion (2025)
- Croatia
More economic policy & debt data for Luxembourg
- GDP (current US$) — 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$68.91 billion (2025)
- GNI (current LCU) — 60.98 billion (2025)
- GNI per capita (current LCU) — 88,769 (2025)
Reading data like this
Questions people ask
- What is Luxembourg's net secondary income (net current transfers from abroad) (current US$)?
- −US$636.12 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 0.41% from −US$638.75 million in 1995. The highest value was US$1.29 billion in 2015 and the lowest −US$919.3 million in 2009.
- How does Luxembourg rank?
- 40th highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current US$) unusual for Luxembourg?
- In 2024, Luxembourg's net secondary income (net current transfers from abroad) (current US$) rose US$29.62 million on 2023 (from −US$665.74 million to −US$636.12 million). Across the 28 yearly changes before that (1996 to 2023), the average change was −US$963,751 and a typical year strayed about US$485.02 million from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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