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.