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)
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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ECB. (July 25, 2024). Number of credit transfers in Luxembourg from 2000 to 2023 (in millions) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/443074/cashless-transfer-payment-luxembourg/
ECB. "Number of credit transfers in Luxembourg from 2000 to 2023 (in millions)." Chart. July 25, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/443074/cashless-transfer-payment-luxembourg/
ECB. (2024). Number of credit transfers in Luxembourg from 2000 to 2023 (in millions). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/443074/cashless-transfer-payment-luxembourg/
ECB. "Number of Credit Transfers in Luxembourg from 2000 to 2023 (in Millions)." Statista, Statista Inc., 25 Jul 2024, https://www.statista.com/statistics/443074/cashless-transfer-payment-luxembourg/
ECB, Number of credit transfers in Luxembourg from 2000 to 2023 (in millions) Statista, https://www.statista.com/statistics/443074/cashless-transfer-payment-luxembourg/ (last visited November 23, 2024)
Number of credit transfers in Luxembourg from 2000 to 2023 (in millions) [Graph], ECB, July 25, 2024. [Online]. Available: https://www.statista.com/statistics/443074/cashless-transfer-payment-luxembourg/
