Belgium recorded a Current Account deficit of 1.30 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Belgium averaged 1.57 percent from 1980 until 2018, reaching an all time high of 5.50 percent in 1997 and a record low of -4 percent in 1981.

Current Account to GDP in Belgium is expected to be -0.90 percent by the end of this quarter, 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 -1.20 percent in 2020, according to our econometric models.

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Belgium Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 0.70 5.50 -4.00 1980 - 2018 percent Yearly


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.

Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 1619.30 2259.90 3030.10 -1026.60 EUR Million [+]
Current Account -1287.00 -2735.00 7343.00 -6687.00 EUR Million [+]
Current Account to GDP -1.30 0.70 5.50 -4.00 percent [+]
Imports 29615.30 33230.80 34419.70 6975.70 EUR Million [+]
Exports 31234.60 35490.70 36453.00 7331.30 EUR Million [+]
Terms of Trade 94.65 97.75 108.20 91.59 points [+]
Capital Flows -3567.00 -2926.00 8066.00 -7418.00 EUR Million [+]
Remittances 2151.00 2191.00 2754.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Weapons Sales 16.00 12.00 243.00 1.00 USD Million [+]
Terrorism Index 3.64 4.06 4.66 0.41 [+]
Tourist Arrivals 1561550.00 1896955.00 1896955.00 826792.00 [+]
Foreign Direct Investment -13226.00 -7563.00 43157.00 -15253.00 EUR Million [+]
External Debt 1179179.00 1137456.00 1264535.00 923263.00 EUR Million [+]