Belgium posted a current account gap of EUR 588 million in the third quarter of 2018, compared to a EUR 1,010 million surplus in the corresponding period of 2017. The goods account recorded a EUR 508 deficit, swinging from a EUR 747 million surplus a year earlier; the services shortfall widened to EUR 1,517 million from EUR 335 million and the secondary income gap rose to EUR 1,521 million from EUR 1,457 million. On the other hand, the primary income surplus advanced to EUR 2,959 million from EUR 2,054 million in the third quarter of 2017. Current Account in Belgium averaged 1239.84 EUR Million from 1995 until 2018, 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 -380.00 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 -298.14 in 12 months time. In the long-term, the Belgium Current Account is projected to trend around -280.00 EUR Million in 2020, according to our econometric models.

Belgium Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-29 02:00 PM Current Account €-363M €357M €-700M
2018-06-29 02:00 PM Current Account €891M €-363M €91M
2018-09-28 01:55 PM Current Account €-2388M €1231M €-562M
2018-12-31 02:20 PM Current Account €-588M €340M €-451M
2019-03-29 03:00 PM Current Account €-588M € -380M
2019-06-26 02:00 PM Current Account € 115M
2019-09-30 02:00 PM Current Account € -670M


Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 470.80 -383.20 2896.60 -1026.60 EUR Million [+]
Current Account -588.00 340.00 7732.00 -6687.00 EUR Million [+]
Current Account to GDP 0.70 -0.60 5.50 -4.00 percent [+]
Imports 30483.10 29892.90 34377.50 6975.70 EUR Million [+]
Exports 30953.90 29509.70 36463.70 7331.30 EUR Million [+]
Terms of Trade 92.45 95.10 108.20 92.20 Index Points [+]
Capital Flows 409.00 1781.00 7914.00 -7418.00 EUR Million [+]
Remittances 1887.00 1751.00 2137.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Terrorism Index 4.06 4.66 4.66 0.41 [+]
Weapons Sales 12.00 7.00 243.00 1.00 USD Million [+]
Foreign Direct Investment 2901.00 -7095.00 41808.00 -18569.00 EUR Million [+]
External Debt 1119846.00 1137378.00 1264535.00 923263.00 EUR Million [+]

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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). This page provides - Belgium Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Current Account - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-588.00 340.00 7732.00 -6687.00 1995 - 2018 EUR Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -7591.00 Sep/18
Australia -7203.00 Dec/18
Brazil -6548.40 Jan/19
Canada -15483.00 Dec/18
China 546.00 Dec/18
Euro Area 9.33 Jan/19
France 898.00 Jan/19
Germany 18328.50 Jan/19
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 3.00 Jan/19
Japan 600.40 Jan/19
Mexico -3424.00 Dec/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 2772.30 Jan/19
Spain 4670.00 Dec/18
Switzerland 14596.00 Sep/18
Turkey -813.00 Jan/19
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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