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Balance of payments of Luxembourg during the first three quarters of year 2019
07-01-2020 | STATEC | BCL

The current account shows a surplus of 785 million euros in the first three quarters of 2019, an increase of 54 million compared to the same period of the previous year.

The deficit on transactions in goods has decreased by some 478 million euros, which is explained by a significant increase (+521 million euros) in net exports of merchanting. The "traditional" trade balance, however, has remained structurally in deficit and has only varied slightly (-42 million euros) over the first nine months of 2019.