The Central Bank of Luxembourg released Luxembourg’s international investment position for the first quarter of 2025, showing slightly lower stocks of both external financial assets and liabilities compared with the previous quarter and a net external position of EUR 30 billion. External financial assets fell by EUR 29.5 billion from the fourth quarter of 2024 to EUR 12,838 billion, while external liabilities declined by a similar magnitude to EUR 12,809 billion. Stocks of direct investment decreased to EUR 4,973 billion in assets and EUR 3,900 billion in liabilities, mainly reflecting negative price and exchange rate effects alongside negative transactions. In portfolio investment, Luxembourg residents’ holdings of foreign securities decreased by EUR 46.6 billion to EUR 5,989 billion, largely driven by EUR 112 billion of negative price and exchange rate effects partly offset by EUR 65 billion of investment flows, while Luxembourg securities held by the rest of the world increased by EUR 4.2 billion to EUR 7,313 billion on EUR 104 billion of positive transactions and EUR 100 billion of negative price and exchange rate effects. Other investment assets rose slightly to EUR 1,604 billion and other investment liabilities increased by EUR 44.4 billion to EUR 1,355 billion.
Central Bank of Luxembourg 2025-06-27
Central Bank of Luxembourg publishes Luxembourg’s Q1 2025 international investment position showing a net external position of EUR 30 billion
The Central Bank of Luxembourg reported a net external position of EUR 30 billion for Q1 2025, with declines in both external financial assets and liabilities. External assets fell by EUR 29.5 billion to EUR 12,838 billion, while liabilities decreased to EUR 12,809 billion. Direct and portfolio investments were impacted by negative price and exchange rate effects, with notable decreases in foreign securities holdings and increases in Luxembourg securities held abroad.