Current account surplus in Luxembourg rose sharply to EUR 1,382 million in the third quarter of 2018 from EUR 398 million in the corresponding period of the previous year. The services surplus advanced to EUR 5,512 million from EUR 5,233 million a year earlier and the secondary income surplus increased to EUR 241 million from EUR 230 million. In addition, the goods account recorded a surplus of EUR 8 million, compared to a EUR 1,239 million deficit in the third quarter of 2017. Current Account in Luxembourg averaged 606.17 EUR Million from 1995 until 2018, reaching an all time high of 3148.90 EUR Million in the third quarter of 2015 and a record low of -2073.70 EUR Million in the second quarter of 2015.
Current Account in Luxembourg is expected to be -470.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Luxembourg to stand at 1370.00 in 12 months time. In the long-term, the Luxembourg Current Account is projected to trend around 1400.00 EUR Million in 2020, according to our econometric models.