Services, Debit/Expenditure in Luxembourg
Luxembourg: Services, Debit/Expenditure was 116.58 billion in 2024. ▲ Rising
Services, Debit/Expenditure in Luxembourg, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, debit/expenditure in Luxembourg stood at 116.58 billion.
The figure is down 10.2% on the previous year and up 61.6% over ten years.
Over the whole period, services, debit/expenditure in Luxembourg peaked at 129.86 billion in 2023 and was at its lowest, 27.37 billion, in 2005.
Luxembourg ranks 18th of 198 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Debit/Expenditure in Luxembourg, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 27.37 billion | — |
| 2006 | 34.20 billion | +25.0% |
| 2007 | 41.85 billion | +22.4% |
| 2008 | 42.02 billion | +0.4% |
| 2009 | 36.35 billion | -13.5% |
| 2010 | 43.15 billion | +18.7% |
| 2011 | 49.93 billion | +15.7% |
| 2012 | 54.28 billion | +8.7% |
| 2013 | 63.28 billion | +16.6% |
| 2014 | 72.15 billion | +14.0% |
| 2015 | 69.12 billion | -4.2% |
| 2016 | 69.17 billion | +0.1% |
| 2017 | 78.49 billion | +13.5% |
| 2018 | 87.69 billion | +11.7% |
| 2019 | 93.36 billion | +6.5% |
| 2020 | 99.10 billion | +6.2% |
| 2021 | 125.01 billion | +26.1% |
| 2022 | 120.10 billion | -3.9% |
| 2023 | 129.86 billion | +8.1% |
| 2024 | 116.58 billion | -10.2% |
Luxembourg compared with similar countries
- Luxembourg's 116.58 billion is above the median for high income countries, which is 18.44 billion, 6.3× the median. (72 countries reporting)
- Luxembourg's 116.58 billion is above the median for Europe & Central Asia, which is 18.83 billion, 6.2× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.36 billion | 27.37 billion | 42.02 billion | 5 |
| 2010s | 68.06 billion | 43.15 billion | 93.36 billion | 10 |
| 2020s | 118.13 billion | 99.10 billion | 129.86 billion | 5 |
Countries ranked near Luxembourg
More trade data for Luxembourg
- Commodity Net Export Price Index, Individual Commodities Weighted by 121.8 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 101.92 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 100.22 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 110.96 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 98.33 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 80.1 (2025)
- Imports of low carbon technology products, Percent of GDP 1.85 (2024)
- Imports of low carbon technology products, US dollar (World), per 2,555 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0185 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 736.17 million (2024)
Frequently asked questions
- What is services, debit/expenditure in Luxembourg?
- Services, debit/expenditure in Luxembourg was 116.58 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Luxembourg?
- The highest recorded value was 129.86 billion in 2023.
- What is the lowest services, debit/expenditure recorded in Luxembourg?
- The lowest recorded value was 27.37 billion in 2005.
- How does Luxembourg rank for services, debit/expenditure?
- Luxembourg ranks 18th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Luxembourg?
- Over the last ten years it is up 61.6%. The long-run trend across the full record is rising.
- Where does this Luxembourg data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.