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. source: National Bank of Belgium
Current Account in Belgium averaged 1392.45 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 May of 2021.
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.