Belgium recorded a Current Account deficit of 1.20 percent of the country's Gross Domestic Product in 2019. source: EUROSTAT

Current Account to GDP in Belgium averaged 1.73 percent from 1980 until 2019, reaching an all time high of 5.50 percent in 1997 and a record low of -4 percent in 1981. This page provides - Belgium Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Current Account to GDP - values, historical data and charts - was last updated on May of 2021.

Current Account to GDP in Belgium is expected to reach -1.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Current Account to GDP is projected to trend around -1.50 percent in 2022 and -1.20 percent in 2023, according to our econometric models.

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Belgium Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-1.20 -1.40 5.50 -4.00 1980 - 2019 percent Yearly

Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 1089.40 3197.20 4463.30 -1026.60 EUR Million [+]
Current Account -306.00 -2279.00 7343.00 -6687.00 EUR Million [+]
Current Account to GDP -1.20 -1.40 5.50 -4.00 percent [+]
Imports 28588.40 28089.80 34392.10 6975.70 EUR Million [+]
Exports 29677.80 31287.00 36444.60 7331.30 EUR Million [+]
Terms of Trade 90.37 92.25 108.24 90.33 points [+]
Capital Flows -4098.00 -5062.00 8066.00 -7418.00 EUR Million [+]
Remittances 2615.00 2683.00 3000.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Weapons Sales 53.00 53.00 243.00 0.00 USD Million [+]
Terrorism Index 3.04 3.64 4.66 0.41 [+]
Tourist Arrivals 264675.00 208317.00 1916367.00 15034.00 [+]
Foreign Direct Investment 6428.00 -11588.00 43157.00 -25046.00 EUR Million [+]
External Debt 1212068.00 1182406.00 1264535.00 923263.00 EUR Million [+]


Belgium Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.