Belgium recorded a current account deficit of EUR 2586 million in the third quarter of 2020, switching from a EUR 2088 million surplus in the corresponding period of 2019. source: National Bank of Belgium

Current Account in Belgium averaged 1392.45 EUR Million from 1995 until 2020, 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 March of 2021.

Current Account in Belgium is expected to be -1100.00 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 -1900.00 in 12 months time. In the long-term, the Belgium Current Account is projected to trend around -1500.00 EUR Million in 2021 and -700.00 EUR Million in 2022, according to our econometric models.

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Belgium Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-2586.00 -189.00 7343.00 -6687.00 1995 - 2020 EUR Million Quarterly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 02:00 PM Q4 €-2003M €-118M € -250M
2020-06-30 02:00 PM Q1 €1545M €-2003M € -950M
2020-09-30 02:00 PM Q2 €38M €84M € -1500M
2020-12-31 02:00 PM Q3 €-2586M €-189M € -300M
2021-03-31 02:00 PM Q4 €-2586M
2021-06-30 02:00 PM Q1
2021-09-30 02:00 PM Q2
2021-12-31 10:00 AM Q3

News Stream
Belgium Current Account Balance Swings to Surplus in Q2
Belgium recorded a current account surplus of EUR 38 million in the second quarter of 2020, switching from a EUR 1,619 million deficit in the corresponding period of 2019. The services account posted a EUR 710 million surplus, compared to a EUR 828 million gap a year earlier; the goods deficit edged down to EUR 219 million from EUR 221 million and the secondary income shortfall narrowed to EUR 1,516 million from EUR 2,153 million. Meantime, the primary income account surplus fell to EUR 1,062 million from EUR 1,582 million.
Belgium Current Account Deficit Narrows in Q4
Belgium’s current account deficit shrank to EUR 2,003 million in the fourth quarter 2019 from EUR 3,985 in the corresponding period of 2018, as the goods account recorded a EUR 14 million surplus, switching from a EUR 2,009 million gap a year earlier. Also, the services surplus rose to EUR 878 million from EUR 382 million. On the other hand, the primary income deficit widened to EUR 1,095 million from EUR 592 million and the secondary income gap went up to EUR 1,799 million from EUR 1,765 million. Considering 2019, the current account deficit narrowed to EUR 5,813 million from EUR 6,370 million in 2018.

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).