Belgium recorded a Current Account deficit of 0.20 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Current Account to GDP in Belgium averaged 1.72 percent of GDP from 1980 until 2020, reaching an all time high of 5.50 percent of GDP in 1997 and a record low of -4 percent of GDP in 1981. This page provides - Belgium Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Current Account to GDP - values, historical data and charts - was last updated on October of 2021.

Current Account to GDP in Belgium is expected to reach -0.40 percent of GDP by the end of 2021, 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 -0.90 percent of GDP in 2022 and -1.20 percent of GDP in 2023, according to our econometric models.

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Belgium Current Account to GDP


Belgium Last Unit Reference Previous Highest Lowest
Current Account to GDP -0.20 percent of GDP Dec/20 0.30 5.50 -4.00


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.