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 September 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

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.30 5.50 -4.00 1980 - 2020 percent of GDP Yearly

Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 4381.00 2465.10 4463.30 -1026.60 EUR Million [+]
Current Account 2514.00 -306.00 7343.00 -6687.00 EUR Million [+]
Current Account to GDP -0.20 0.30 5.50 -4.00 percent of GDP [+]
Imports 31568.70 37403.40 37403.40 6975.70 EUR Million [+]
Exports 35949.70 39868.50 39868.50 7331.30 EUR Million [+]
Terms of Trade 92.65 99.83 108.24 90.33 points [+]
Capital Flows 4433.00 -4098.00 8066.00 -7418.00 EUR Million [+]
Remittances 2767.00 2615.00 3000.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Weapons Sales 53.00 53.00 243.00 0.00 SIPRI TIV Million [+]
Terrorism Index 3.04 3.64 4.66 0.41 [+]
Tourist Arrivals 640650.00 368558.00 1916367.00 15481.00 [+]
Foreign Direct Investment 10578.00 5237.00 43157.00 -25046.00 EUR Million [+]
External Debt 1223223.00 1212068.00 1264535.00 923263.00 EUR Million [+]


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.