Belgium recorded a current account deficit of EUR 6,249 million in the fourth quarter of 2021, swinging from a EUR 0.438 million surplus in the corresponding period of the previous year. It was the first current account deficit since the second quarter of 2019 and the highest since the second quarter of 2015. The goods account recorded a deficit of EUR 4.761 million, swinging from the gap of EUR 1.607 million. Also, the services gap widened to EUR 0.910 million from EUR 0.243, million while the primary income deficit narrowed to EUR 0.671 million from EUR 1.066 million. On the other hand, the secondary income gap narrowed to EUR 1.251 million from EUR 1.993 million. source: National Bank of Belgium

Current Account in Belgium averaged 1363.94 EUR Million from 1995 until 2021, 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 June of 2022.

Current Account in Belgium is expected to be 1900.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Current Account is projected to trend around -350.00 EUR Million in 2023 and -300.00 EUR Million in 2024, according to our econometric models.

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Belgium Current Account



Calendar GMT Actual Previous Consensus TEForecast
2021-12-31 02:00 PM Q3 €5226M €3234M €1300M
2022-03-31 02:00 PM Q4 €-6249M €2317M €2600M
2022-06-30 02:00 PM Q1 €-6249M €-6700M


Related Last Previous Unit Reference
Balance of Trade -2796.90 1283.80 EUR Million Apr 2022
Current Account -6249.00 2317.00 EUR Million Dec 2021
Exports 45368.20 53430.50 EUR Million Apr 2022
Imports 48165.10 52146.70 EUR Million Apr 2022
Capital Flows 3397.00 5118.00 EUR Million Sep 2021
Remittances 4860.00 4236.00 EUR Million Dec 2021
Foreign Direct Investment 14105.00 4146.00 EUR Million Dec 2021
External Debt 1305868.00 1255501.00 EUR Million Dec 2021

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).
Actual Previous Highest Lowest Dates Unit Frequency
-6249.00 2317.00 7343.00 -6687.00 1995 - 2021 EUR Million Quarterly
Current Prices, NSA

News Stream
Belgium Current Account Swings to Deficit in Q4
Belgium recorded a current account deficit of EUR 6,249 million in the fourth quarter of 2021, swinging from a EUR 0.438 million surplus in the corresponding period of the previous year. It was the first current account deficit since the second quarter of 2019 and the highest since the second quarter of 2015. The goods account recorded a deficit of EUR 4.761 million, swinging from the gap of EUR 1.607 million. Also, the services gap widened to EUR 0.910 million from EUR 0.243, million while the primary income deficit narrowed to EUR 0.671 million from EUR 1.066 million. On the other hand, the secondary income gap narrowed to EUR 1.251 million from EUR 1.993 million.
2022-03-31
Belgium Current Account Surplus Widens in Q3
Belgium’s current account surplus widened sharply to EUR 5,226 million in the third quarter of 2021 from EUR 782 million in the corresponding period of 2020. The goods surplus rose to EUR 6,283 million from EUR 1,607 million and the primary income surplus climbed to EUR 1,659 million from EUR 1,066 million. Also, the secondary income deficit narrowed to EUR 1,567 million from EUR 1,993 million while the services gap increased to EUR 1,149 million from EUR 469 million.
2021-12-31
Belgium Current Account Surplus at 6-Year High
Belgium’s current account surplus surged to EUR 4,197 million in the second quarter of 2021 from a EUR 1414 million surplus in the corresponding period of 2020. It was the highest surplus recorded since the second quarter of 2015 as the goods account surplus widened to EUR 2972 million (vs EUR 912 million one year earlier), and the primary income surplus increased to EUR 2023 million (vs EUR 896 million). Meantime, the secondary income deficit narrowed to EUR 1482 million (vs EUR 1709 million), while the services account surplus decreased to EUR 684 million (vs EUR 1315 million).
2021-09-30