Luxembourg vs Portugal: Current account balance
Current account balance over time
- Luxembourg
- Portugal
How they compare
Portugal currently reports 6.51 billion BoP, current US$ against 5.29 billion BoP, current US$ in Luxembourg, a difference of 1.22 billion BoP, current US$.
That makes Portugal's figure about 1.2 times Luxembourg's.
The two have swapped places 2 times across 26 shared years of data; in 1999 it was Luxembourg ahead.
Globally, Luxembourg ranks 31st and Portugal ranks 30th of 199 countries.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.