Current Account in Belgium
Belgium - Current Account
Coalition talks on the heels of the 26 May federal election are expected to take time given the fragmented outcome that saw the political landscape split along linguistic lines; the nationalist N-VA came out on top in Dutch-speaking Flanders, while the socialists dominated in French-speaking Wallonia. Few changes to economic policy are expected until the next government is in place—which some analysts say could take all year. Meanwhile, following a lukewarm first-quarter outturn hindered by slowing fixed investment and waning export growth, second-quarter indicators suggest that a household spending-led upturn could be afoot. Unemployment ticked down in April, which along with ebbing inflation, hint that consumers remain firmly in the driver’s seat.Belgium - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -0.4 | -0.9 | -1.1 | -0.6 | 0.8 |
Belgium Current Account Chart
Source: National Bank of Belgium and FocusEconomics calculations.
Belgium Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.10 | 0.15 % | Jul 11 |
| Exchange Rate | 1.13 | 0.65 % | Jul 11 |
| Stock Market | 3,571 | -0.23 % | Jul 11 |
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Economic News
Belgium: Consumer sentiment marginally up in July
July 19, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose 1 point in July to minus 6 points.
Belgium: Industrial production gains traction in April
June 25, 2019
Industrial output increased 5.5% on a year-on-year seasonally-adjusted basis in April, up from March’s 1.2% result.
Belgium: Economic sentiment deteriorates in June
June 24, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell 2 points in June to minus 7 points.
Belgium: Consumer confidence erases gains in June
June 20, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell 2 points in June to minus 7 points.
Belgium: Growth slips in Q1
June 3, 2019
Belgium’s economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the first quarter (previously reported: +0.2% quarter-on-quarter s.a.; Q4 2018: +0.4% qoq s.a.), according to a comprehensive estimate released by the National Bank of Belgium on 29 May.
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