Credit transfers in Luxembourg 2023

The total number of credit transfers in Luxembourg increased significantly between 2000 and 2023. Starting from 11.69 million transfers in 2000, it climbed to over 100 million transfers in 2022 for the first time during this period. In 2023, approximately 118.4 million wire transfers were made in the country.

Number of credit transfers in Luxembourg from 2000 to 2023 (in millions)

Characteristic	Credit transfers in billions
2023	118.4
2022	107.28
2021	85.3
2020	74.55
2019	78.81
2018	81.88
2017	70.95
2016	61.41
2015	59.12
2014	57.76
2013	68.68
2012	67.46
2011	68.9

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Release date

July 2024

More information

Region

Luxembourg

Survey time period

2000 to 2023

Special properties

All figures are provisional; The source significantly changed its database in November 2023. This may mean methodology changes, or not all EU-27 countries reporting the same figures.

Supplementary notes

The figures have been taken from several publications.

Credit transfers, or wire transfers, are a method of electronic funds transfer from one entity or person to another. This includes bank transfers, which rely on a secure system of messages (such as SWIFT) from the sending bank to the receiving bank.

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