The Central Bank of Luxembourg released Luxembourg’s international investment position for the third quarter of 2025, showing external financial assets rising by EUR 342bn to EUR 13.086tn and external liabilities increasing by a similar amount to EUR 13.059tn. The resulting net international investment position stood at EUR 27bn, with the increase in stocks driven by collective investment undertakings. Direct investment positions were stable, with direct investment assets at EUR 4.804tn and liabilities at EUR 3.692tn. Portfolio investment assets in foreign securities rose to EUR 6.375tn, up EUR 303bn, reflecting EUR 147bn of investment and EUR 156bn of positive price and exchange-rate effects, while Luxembourg securities held by the rest of the world increased to EUR 7.708tn, also up EUR 303bn, due to EUR 117bn of positive transactions and EUR 185bn of positive price and exchange-rate effects. Other investment assets edged up to EUR 1.617tn, and other investment liabilities increased by EUR 43bn to EUR 1.393tn.
Central Bank of Luxembourg 2025-12-19
Central Bank of Luxembourg publishes Q3 2025 international investment position showing net external assets of EUR 27bn
The Central Bank of Luxembourg reported a rise in Luxembourg's external financial assets by EUR 342bn to EUR 13.086tn and liabilities to EUR 13.059tn for Q3 2025, resulting in a net international investment position of EUR 27bn. The increase was primarily driven by collective investment undertakings, with portfolio investment assets in foreign securities rising to EUR 6.375tn. Direct investment positions remained stable, while other investment assets and liabilities increased modestly.