Belgium’s current account surplus widened by 125.1 percent to EUR 869 million in the first quarter of 2019 from EUR 386 million in the corresponding period of the previous year, as the services account recorded a surplus of EUR 280 million compared to a EUR 625 million deficit a year earlier while the secondary income shortfall decreased to EUR 1,936 million from EUR 2,104 million. Meanwhile, the goods account surplus went down slightly to EUR 890 million from EUR 896 million while the primary income surplus narrowed to EUR 1,633 million from EUR 2,220 million. Current Account in Belgium averaged 1149.01 EUR Million from 1995 until 2019, reaching an all time high of 7732 EUR Million in the second quarter of 2010 and a record low of -6687 EUR Million in the third quarter of 2008.
Current Account in Belgium is expected to be -670.00 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 220.00 in 12 months time. In the long-term, the Belgium Current Account is projected to trend around -460.00 EUR Million in 2020, according to our econometric models.