Current Account in Belgium

Belgium Current Account | Economic News & Forecasts

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  

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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 Yield0.690.15 %Jan 16
Exchange Rate1.140.65 %Jan 16
Stock Market3,447-0.23 %Jan 16

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