Current Account in Belgium
Belgium - Current Account
Comprehensive national accounts revealed moderate, export-led growth in the third quarter, roughly in line with analysts’ expectations and matching the second quarter’s outturn. The external sector was lifted by sales and purchases of ships abroad. Meanwhile, domestic demand was flat. Household spending contracted amid higher inflation and rising unemployment, while fixed-capital spending was stable from a quarter earlier on a fall in business investment and deteriorating industrial metrics through the quarter. Moreover, available fourth-quarter data hints at similarly unremarkable growth through the remainder of the year. In the political arena, on 18 December, Prime Minister Charles Michel resigned after failing to secure parliamentary backing for his minority government. The political crisis erupted earlier in December over opposition to his signing of a UN-led migration pact, and could force elections previously set for next May.Belgium - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -0.4 | -0.9 | -0.2 | 0.0 | -0.2 |
Belgium Current Account Chart
Source: National Bank of Belgium and FocusEconomics calculations.
Belgium Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.69 | 0.15 % | Jan 16 |
| Exchange Rate | 1.14 | 0.65 % | Jan 16 |
| Stock Market | 3,447 | -0.23 % | Jan 16 |
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Economic News
Belgium: Economic sentiment plummets in December
December 19, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) plummeted 4.0 points to minus 5.0 points in December.
Belgium: Prime minister resigns amid migration-pact row
December 19, 2018
Prime Minister Charles Michel resigned following a no-confidence vote on 19 December, ending a short-lived minority government torn apart by Belgium’s position on a UN-led migration pact.
Belgium: Industrial output rebounds in October
December 19, 2018
In October, industrial output rebounded 3.4% from a month earlier in seasonally-adjusted terms, contrasting September’s 2.9% contraction.
Belgium: Growth stable in Q3
November 30, 2018
Comprehensive data released by the National Bank of Belgium (NBB) on 30 November revealed that third-quarter growth came in at 0.3% in quarter-on-quarter terms and on a seasonally-adjusted basis, down a notch from the preliminary estimate but in line with the pace logged in the second quarter.
Belgium: Industrial output contracts notably in September
November 23, 2018
In September, industrial output fell a notable 4.5% from a month earlier in seasonally-adjusted terms, contrasting August’s strong 3.0% increase and marking the largest monthly drop since January 2017.
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