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.

Current Account in Belgium averaged 1437.86 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 October of 2020.

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
38.00 84.00 7343.00 -6687.00 1995 - 2020 EUR Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-31 03:10 PM Q3 €-1287M €-2735M € -1300M
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 10:00 AM Q3 €38M € -300M


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.
2020-10-01
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.
2020-03-31
Belgium Current Account Gap Narrows in Q3
Belgium's current account deficit decreased to EUR 1,287 million in the third quarter of 2019 from EUR 1,464 million in the same period a year ago, as the goods shortfall fell significantly to EUR 342 million from EUR 1,711 million in Q3 2018 and the services gap also shrank to EUR 27 million from EUR 495 million. On the other hand, the primary income balance shifted to a deficit of EUR 589 million compared to a surplus of EUR 1,316 million and the secondary income deficit rose to EUR 2,028 million from EUR 1,769 million a year earlier.
2019-12-31

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).