The Central Bank of Luxembourg and the National Institute of Statistics and Economic Studies reported provisional results showing a current account surplus of EUR 1.35 billion in the first quarter of 2026, down EUR 319 million from a year earlier. The goods surplus declined by EUR 178 million to EUR 482 million as exports fell 5% and imports dropped 2%, largely reflecting weaker international merchanting activity. The services balance was nearly unchanged, with stronger financial services trade offsetting a reduced nonfinancial services surplus. Financial services exports rose 3.9% and imports increased 2.1%, mainly because investment funds managed higher average assets. The financial account recorded direct investment withdrawals of EUR 40 billion in assets and EUR 30 billion in liabilities. Luxembourg equities, primarily investment fund shares, attracted EUR 32 billion of net portfolio inflows, while resident institutions invested EUR 24 billion in foreign equities and EUR 32 billion in foreign debt securities.
Central Bank of Luxembourg2026-07-15
Central Bank of Luxembourg and STATEC report first-quarter current account surplus fell EUR 319 million to EUR 1.35 billion
Luxembourg’s provisional current account surplus fell EUR 319 million from a year earlier to EUR 1.35 billion in the first quarter of 2026. A weaker goods balance drove the decline, while the services balance was broadly stable as growth in financial services offset weaker nonfinancial services.