Belgium Current Account to GDP

Belgium recorded a Current Account deficit of 1.30 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Belgium averaged 1.57 percent from 1980 until 2018, reaching an all time high of 5.50 percent in 1997 and a record low of -4 percent in 1981.

Current Account to GDP in Belgium is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Current Account to GDP is projected to trend around 0.60 percent in 2020, according to our econometric models.

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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 to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Belgium Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-1.30	0.70	5.50	-4.00	1980 - 2018	percent	Yearly

Export Data API

Country	Last		Previous	Range
Singapore	19.50	Dec/17	19	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	8.30	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	4.02	Dec/17	3.7	4.7 : -1	%
Euro Area	3.00	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Russia	2.20	Dec/17	1.9	18 : -1.4	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Mexico	-1.60	Dec/17	-2.1	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
South Africa	-2.50	Dec/17	-2.8	6 : -7.5	%
Canada	-3.00	Dec/17	-3.3	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
Australia	-3.10	Dec/17	-1.4	2.3 : -7.3	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%