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.
Current Account in Belgium averaged 1387.21 EUR Million from 1995 until 2019, 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 June of 2020.
Current Account in Belgium is expected to be 0.00 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 -280.00 in 12 months time. In the long-term, the Belgium Current Account is projected to trend around -460.00 EUR Million in 2021, according to our econometric models.