Belgium recorded a current account gap of EUR 3,783 million in the fourth quarter of 2018, swinging from a EUR 149 million surplus in the corresponding month of the previous year. The goods account shortfall widened to EUR 589 million from EUR 23 million a year earlier and the services account recorded a EUR 2,005 million deficit swinging from a EUR 1,700 million surplus while the secondary income gap increased to EUR 1,870 million from EUR 1,698 million. On the other hand, the primary income surplus rose to EUR 682 million from EUR 171 million. Considering full 2018, Belgium posted a current account deficit of EUR 5,934 million, compared with a EUR 3,192 million surplus in 2017. Current Account in Belgium averaged 1151.93 EUR Million from 1995 until 2018, reaching an all time high of 7732 EUR Million in the second quarter of 2010 and a record low of -6687 EUR Million in the third quarter of 2008.

Current Account in Belgium is expected to be 115.00 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 Belgium to stand at -320.00 in 12 months time. In the long-term, the Belgium Current Account is projected to trend around -280.00 EUR Million in 2020, according to our econometric models.

Belgium Current Account
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-06-29 02:00 PM Current Account €891M €-363M €91M
2018-09-28 01:55 PM Current Account €-2388M €1231M €-562M
2018-12-31 02:20 PM Current Account €-588M €340M €-451M
2019-03-29 03:00 PM Current Account €-3783M €-1620M € -380M
2019-06-26 02:00 PM Current Account €-3783M € 115M
2019-09-30 02:00 PM Current Account € -670M
2019-12-31 03:00 PM Current Account


Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 1663.70 1263.50 2896.60 -1026.60 EUR Million [+]
Current Account -3783.00 -1620.00 7732.00 -6687.00 EUR Million [+]
Current Account to GDP -1.30 0.70 5.50 -4.00 percent [+]
Imports 28619.40 31458.00 34377.50 6975.70 EUR Million [+]
Exports 30283.10 32721.50 36463.70 7331.30 EUR Million [+]
Terms of Trade 101.34 92.45 108.20 92.20 Index Points [+]
Capital Flows 409.00 1781.00 7914.00 -7418.00 EUR Million [+]
Remittances 1887.00 1751.00 2137.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Terrorism Index 4.06 4.66 4.66 0.41 [+]
Weapons Sales 12.00 7.00 243.00 1.00 USD Million [+]
Foreign Direct Investment 2901.00 -7095.00 41808.00 -18569.00 EUR Million [+]
External Debt 1087237.00 1119846.00 1264535.00 923263.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Belgium Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Belgium Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Current Account - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3783.00 -1620.00 7732.00 -6687.00 1995 - 2018 EUR Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


Related

Latest