Belgium recorded a Current Account surplus of 1545 EUR Million in the first quarter of 2020.

Current Account in Belgium averaged 1388.77 EUR Million from 1995 until 2020, reaching an all time high of 7343 EUR Million in the second quarter of 2005 and a record low of -6687 EUR Million in the third quarter of 2008. This page provides - Belgium Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

Current Account in Belgium is expected to be -300.00 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 -1900.00 in 12 months time. In the long-term, the Belgium Current Account is projected to trend around -1500.00 EUR Million in 2021 and -700.00 EUR Million in 2022, according to our econometric models.

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Belgium Current Account

Actual Previous Highest Lowest Dates Unit Frequency
1545.00 -2003.00 7343.00 -6687.00 1995 - 2020 EUR Million Quarterly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 01:15 PM Q2 €-1-923M €401M € -670M
2019-12-31 03:10 PM Q3 €-1287M €-2735M € -1300M
2020-03-31 02:00 PM Q4 €-2003M €-118M € -250M
2020-06-30 02:00 PM Q1 €1545M €-2003M € -950M
2020-09-30 09:00 AM Q2 €1545M € -1500M
2020-12-31 10:00 AM Q3 € -300M

News Stream
Belgium Current Account Deficit Narrows in Q4
Belgium’s current account deficit shrank to EUR 2,003 million in the fourth quarter 2019 from EUR 3,985 in the corresponding period of 2018, as the goods account recorded a EUR 14 million surplus, switching from a EUR 2,009 million gap a year earlier. Also, the services surplus rose to EUR 878 million from EUR 382 million. On the other hand, the primary income deficit widened to EUR 1,095 million from EUR 592 million and the secondary income gap went up to EUR 1,799 million from EUR 1,765 million. Considering 2019, the current account deficit narrowed to EUR 5,813 million from EUR 6,370 million in 2018.
Belgium Current Account Gap Narrows in Q3
Belgium's current account deficit decreased to EUR 1,287 million in the third quarter of 2019 from EUR 1,464 million in the same period a year ago, as the goods shortfall fell significantly to EUR 342 million from EUR 1,711 million in Q3 2018 and the services gap also shrank to EUR 27 million from EUR 495 million. On the other hand, the primary income balance shifted to a deficit of EUR 589 million compared to a surplus of EUR 1,316 million and the secondary income deficit rose to EUR 2,028 million from EUR 1,769 million a year earlier.
Belgium Current Account Deficit Widens Sharply in Q2
Belgium’s current account gap rose sharply to EUR 1,923 million in the second quarter of 2019 from EUR 789 million in the same period a year earlier. The services deficit widened to EUR 768 million from EUR 299 million in Q2 2018 and the secondary income shortfall increased to EUR 1,700 million from EUR 1,562 million. Also, the goods surplus narrowed to EUR 54 million from EUR 963 million in the corresponding period a year ago while the primary income surplus advanced to EUR 491 million from EUR 110 million.

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).