The Central Bank of Luxembourg released Luxembourg’s international investment position for the second quarter of 2025, with external financial assets falling by EUR 252.7 billion from the first quarter to EUR 12,644 billion and external liabilities declining to EUR 12,611 billion, resulting in a net external position of EUR 33 billion. Direct investment stocks decreased to EUR 4,693 billion in assets and EUR 3,621 billion in liabilities, mainly reflecting negative price and exchange-rate effects and negative transactions. Portfolio investment assets in foreign securities rose to EUR 6,072 billion, up EUR 38.2 billion, driven largely by EUR 71 billion of investment flows offset by EUR 33 billion of negative price and exchange-rate effects. Luxembourg securities held by the rest of the world increased to EUR 7,395 billion at end-June 2025, up EUR 30.5 billion, reflecting EUR 46 billion of positive transactions partially offset by EUR 16 billion of negative price and exchange-rate effects. Other investment assets edged down to EUR 1,598 billion, while other investment liabilities fell by EUR 17.1 billion to EUR 1,347 billion.
Central Bank of Luxembourg 2025-09-24
Central Bank of Luxembourg publishes Q2 2025 external position data showing Luxembourg net international investment position of EUR 33 billion
The Central Bank of Luxembourg reported a decline in external financial assets by EUR 252.7 billion to EUR 12,644 billion in Q2 2025, with liabilities decreasing to EUR 12,611 billion, resulting in a net external position of EUR 33 billion. Direct investment stocks fell due to negative price and exchange-rate effects, while portfolio investment assets in foreign securities increased by EUR 38.2 billion. Luxembourg securities held by foreign entities rose by EUR 30.5 billion, driven by positive transactions despite negative price and exchange-rate impacts.