Belgium’s current account surplus widened by 125.1 percent to EUR 869 million in the first quarter of 2019 from EUR 386 million in the corresponding period of the previous year, as the services account recorded a surplus of EUR 280 million compared to a EUR 625 million deficit a year earlier while the secondary income shortfall decreased to EUR 1,936 million from EUR 2,104 million. Meanwhile, the goods account surplus went down slightly to EUR 890 million from EUR 896 million while the primary income surplus narrowed to EUR 1,633 million from EUR 2,220 million. Current Account in Belgium averaged 1149.01 EUR Million from 1995 until 2019, 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 -1300.00 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 -500.00 in 12 months time. In the long-term, the Belgium Current Account is projected to trend around -460.00 EUR Million in 2020, according to our econometric models.

Belgium Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 01:55 PM Current Account Q2 €-2388M €1231M €-562M
2018-12-31 02:20 PM Current Account Q3 €-588M €340M €-451M
2019-03-29 03:00 PM Current Account Q4 €-3783M €-1620M € -380M
2019-06-28 02:00 PM Current Account Q1 €869M €-3783M € 115M
2019-09-30 02:00 PM Current Account Q2 €869M € -670M
2019-12-31 03:00 PM Current Account Q3


Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 2928.60 1949.00 2928.60 -1026.60 EUR Million [+]
Current Account 869.00 -3783.00 7732.00 -6687.00 EUR Million [+]
Current Account to GDP -1.30 0.70 5.50 -4.00 percent [+]
Imports 29260.10 30684.70 34419.70 6975.70 EUR Million [+]
Exports 32188.70 32633.70 36453.00 7331.30 EUR Million [+]
Terms of Trade 98.74 99.23 108.20 92.71 Index Points [+]
Capital Flows -1919.00 -4231.00 7914.00 -7418.00 EUR Million [+]
Remittances 1675.00 2462.00 2462.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Weapons Sales 16.00 12.00 243.00 1.00 USD Million [+]
Terrorism Index 4.06 4.66 4.66 0.41 [+]
Tourist Arrivals 1626774.00 1708142.00 1878169.00 826792.00 [+]
Foreign Direct Investment 6159.00 15323.00 41808.00 -18569.00 EUR Million [+]
External Debt 1128538.00 1087237.00 1264535.00 923263.00 EUR Million [+]

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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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
869.00 -3783.00 7732.00 -6687.00 1995 - 2019 EUR Million Quarterly
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Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 29.84 Jul/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 21272.85 Jun/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -128188.00 Jun/19


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