Current Account in Belgium

Belgium Current Account | Economic News & Forecasts

Belgium - Current Account

Economic momentum remained upbeat in quarter-on-quarter terms in Q3 amid a robust performance from the services sector, according to a preliminary reading. That said, available data for the fourth quarter paints a less positive picture for activity: A spike in price pressures and muted consumer confidence in October likely weighed on private spending at the outset of the quarter. Moreover, the most recent wave of Covid-19 infections caused business confidence to remain subdued in October, which likely capped capital spending. This ongoing surge in new cases also prompted authorities to tighten restrictions from 20 November: Proof of vaccination will be required in additional spaces and remote working will become mandatory where possible. Nevertheless, authorities have resisted imposing stricter lockdown measures.

Belgium - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)1.3  0.6  1.2  -1.3  -1.3  

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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

Value Change Date
Bond Yield0.100.15 %Dec 31
Exchange Rate1.120.65 %Dec 31

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