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.
Current Account in Belgium averaged 1425.84 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.
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 0.00 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.