Belgium's current account deficit narrowed to EUR 728 million in the fourth quarter of 2022 from EUR 6,393 million in the fourth quarter of 2021. The primary income surplus widened to EUR 2,114 million from EUR 792 million in the same period of 2021. Meanwhile, the goods account gap shrank to EUR 103 million from EUR 4,844 million, and the secondary income gap decreased to EUR 1,699 million from EUR 1,729 million. By contrast, the services account deficit grew to EUR 1,041 million from EUR 612 million. In 2022, Belgium's current account swung to a deficit of EUR 19,610 million from a surplus of EUR 2,159 million in 2021. source: National Bank of Belgium

Current Account in Belgium averaged 1182.46 EUR Million from 1995 until 2022, reaching an all time high of 7343.00 EUR Million in the second quarter of 2005 and a record low of -11845.00 EUR Million in the third quarter of 2022. 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 June of 2023.

Current Account in Belgium is expected to be -2540.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Current Account is projected to trend around -780.00 EUR Million in 2024 and -670.00 EUR Million in 2025, according to our econometric models.

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Belgium Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-12-30 02:00 PM Q3 €-7367M €-5377M €-4400M
2023-03-31 01:50 PM Q4 €-728M €-11845M €-3800.0M
2023-06-30 02:00 PM Q1 €-728M €-2540.0M


Related Last Previous Unit Reference
Balance of Trade 1576.00 741.00 EUR Million Mar 2023
Current Account -728.00 -11845.00 EUR Million Dec 2022
Imports 46780.90 43823.00 EUR Million Mar 2023
Exports 48356.90 44564.00 EUR Million Mar 2023
Capital Flows 1103.00 -12357.00 EUR Million Dec 2022
Remittances 4412.00 4037.00 EUR Million Dec 2022
Foreign Direct Investment 2925.00 9792.00 EUR Million Dec 2022
External Debt 1318834.00 1365636.00 EUR Million Dec 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-728.00 -11845.00 7343.00 -11845.00 1995 - 2022 EUR Million Quarterly
Current Prices, NSA

News Stream
Belgium Current Account Gap Shrinks Sharply in Q4
Belgium's current account deficit narrowed to EUR 728 million in the fourth quarter of 2022 from EUR 6,393 million in the fourth quarter of 2021. The primary income surplus widened to EUR 2,114 million from EUR 792 million in the same period of 2021. Meanwhile, the goods account gap shrank to EUR 103 million from EUR 4,844 million, and the secondary income gap decreased to EUR 1,699 million from EUR 1,729 million. By contrast, the services account deficit grew to EUR 1,041 million from EUR 612 million. In 2022, Belgium's current account swung to a deficit of EUR 19,610 million from a surplus of EUR 2,159 million in 2021.
2023-03-31
Belgium Current Account Swings to Deficit in Q3
Belgium’s current account swung into a deficit of EUR 7,367 million in the third quarter of 2022, from a EUR 3,054 million surplus in the corresponding period of the previous year. The goods account shifted to a deficit of EUR 5,422 million from a surplus of EUR 4,878 million, and the secondary income deficit widened to EUR 2,065 million from EUR 1,923 million. Meanwhile the services surplus rose to EUR 1,526 million from EUR 1,205 million and the primary income surplus increased to EUR 1,645 million from EUR 1,303 million.
2022-12-30
Belgium Current Account Swings to Deficit in Q2
Belgium’s current account swung into a deficit of EUR 8,387 million in the second quarter of 2022, from a EUR 3,365 million surplus in the corresponding period of the previous year. The goods account shifted to a deficit of EUR 8,832 million from a surplus of EUR 2,693 million, while the services surplus narrowed to EUR 177 million from EUR 919 million. At the same time, the primary income surplus narrowed slightly to EUR 1,446 million from EUR 1,459 million, while the secondary income deficit narrowed to EUR 1,178 million from EUR 1,707 million.
2022-09-30