Current Account in Belgium

Belgium Current Account | Economic News & Forecasts

Belgium - Current Account

A second release confirmed economic growth accelerated in the third quarter, after slowing in the second quarter. Although domestic demand eased, it surpassed expectations thanks to surprisingly resilient private consumption. Meanwhile, the external sector weighed less on the overall expansion than in Q2, as a decline in imports cushioned a fall in exports. Turning to the fourth quarter, growth is expected to slow somewhat: Fixed investment likely remained subdued against the backdrop of weak external demand and lackluster sentiment in the construction and manufacturing sectors. That said, private consumption should buffer the slowdown thanks to a tighter labor market in October. Meanwhile, in politics, the country will most likely end the year without a federal government as negotiations drag on. The fiscal deficit is widening as a result of the lack of coordination, as regional governments begin to ramp up expenditure.

Belgium - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.4  -0.9  -1.1  -0.6  0.8  

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Belgium Current Account Chart


Belgium Current Account
Note: Current account balance as % of GDP.
Source: National Bank of Belgium and FocusEconomics calculations.

Belgium Facts

ValueChangeDate
Bond Yield0.100.15 %Dec 31
Exchange Rate1.120.65 %Dec 31

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