See also
Film about the BCL's missions and tasks
International investment position at the end of the second quarter of 2023
17.10.2023
Compared to the first quarter of 2023, Luxembourg’s external financial assets decreased by 5 billion euros, reaching 11 605 billion euros at the end of the second quarter of 2023. External financial liabilities increased by 4 billion euros, reaching 11 571 billion euros for this period. Luxembourg’s net external position, for its part, is evaluated at 34 billion euros at the end of the second quarter of 2023.
In the various components of the net external position, the net asset position in direct investments increased by 4 billion euros, equivalent to 914 billion euros at the end of June 2023. The net asset position in the other investments (deposits and traditional credits, trade credits, other receivables or payables) has also stabilized to reach 246 billion euros, as well as the structural net liability position in the portfolio investments, which has remained at 1 160 billion euros at the end of June 2023.
The amount outstanding in direct investments assets reached 4 728 billion euros at the end of June 2023, having undergone mostly negative transactions (76 billion euros). The amount outstanding in direct investments liabilities reached down 3 814 billion euros at the end of the second quarter of 2023, and was also triggered by negative revaluation effects (19 billion euros) and by negative transactions (disinvestments of 99 billion euros).
The amount outstanding in portfolio investments assets reached up 5 138 billion euros at the end of June 2023, after having increased by 95 billion euros which resulted from positive revaluation effects (80 billion euros), as well as from positive transactions (15 billion euros). The amount outstanding in portfolio investments liabilities reached up 6 297 billion euros at the end of June 2023, which is mainly driven by positive revaluation effects (88 billion euros) and positive transactions (6 billion euros).
For other investments, the amount outstanding in assets reached up 1 518 billion euros at the end of June 2023, after having decreased by 16 billion euros which resulted mostly from negative transactions (-38 billion euros) but also from positive changes in exchange rates (22 billion euros). The amount outstanding in liabilities has also degraded by 16 billion euros compared to the previous quarter, up to 1 272 billion euros at the end of June 2023.
Table: Luxembourg International Investment Position (billion euros)
(in billions of EUR)
