Belgium’s current account switched into a surplus of EUR 2,514 million in the first quarter of 2021 from a deficit EUR 306 million in the corresponding period of 2020. The service account swung to a surplus of EUR 1,622 million from a EUR 605 million deficit, while the goods account surplus narrowed slightly to EUR 2,049 million from EUR 2,092 million. Additionally, the primary income surplus widened to EUR 1,377 million from EUR 499 million and the secondary income gap went up to 2,534 million from EUR 2,292 million. source: National Bank of Belgium

Current Account in Belgium averaged 1413.07 EUR Million from 1995 until 2021, 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 September of 2021.

Current Account in Belgium is expected to be -1900.00 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 -1500.00 in 12 months time. In the long-term, the Belgium Current Account is projected to trend around -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
2514.00 -306.00 7343.00 -6687.00 1995 - 2021 EUR Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-30 02:00 PM Q2 €38M €84M € -1500M
2020-12-31 02:00 PM Q3 €-2586M €-189M € -300M
2021-03-31 02:00 PM Q4 €-306M €-2279M
2021-07-01 02:30 PM Q1 €2514M €-306M
2021-09-30 02:00 PM Q2 €2514M
2021-12-31 10:00 AM Q3


News Stream
Belgium Current Account Swings to Surplus in Q1
Belgium’s current account switched into a surplus of EUR 2,514 million in the first quarter of 2021 from a deficit EUR 306 million in the corresponding period of 2020. The service account swung to a surplus of EUR 1,622 million from a EUR 605 million deficit, while the goods account surplus narrowed slightly to EUR 2,049 million from EUR 2,092 million. Additionally, the primary income surplus widened to EUR 1,377 million from EUR 499 million and the secondary income gap went up to 2,534 million from EUR 2,292 million.
2021-06-30
Belgium Current Account Swings to Deficit in Q4
Belgium’s current account swung into a deficit of EUR 306 million in the fourth quarter 2020 from a surplus of EUR 556 in the corresponding period of 2019. The services account reversed to a deficit of EUR 605 million from a EUR 312 million surplus, while the goods account surplus widened to EUR 2,092 from EUR 1,304 million. In addition, the primary income surplus shrank to EUR 499 million from EUR 577 million and the secondary income gap went up to EUR 2,292 million from EUR 1,638 million. Considering the full 2020, the current account turned negative, having recorded a deficit of EUR 682 million from a surplus of EUR 1,663 million in 2019.
2021-03-31
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
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).