Current Account in Belgium
Belgium - Current Account
Fourth-quarter growth last year was sluggish but stable from a quarter earlier, landing just short of analysts’ expectations. Ahead of comprehensive national accounts, last year’s moderate second half appeared to fall in line with the broader slowdown across the Eurozone. Export growth screeched to a standstill in December amid turmoil in Germany and France, which exacerbated already-fraught regional trade. Domestic demand looks to have offset any external-sector woes, however, given buoyant retail sales growth and record-low unemployment. Deteriorating economic sentiment into February bodes poorly for the current quarter, although upbeat private-sector lending is expected to keep fixed investment afloat. In politics, a caretaker government has left existing economic policy intact ahead of federal elections in 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 | 0.54 | 0.15 % | Mar 11 |
| Exchange Rate | 1.12 | 0.65 % | Mar 11 |
| Stock Market | 3,569 | -0.23 % | Mar 11 |
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Economic News
Belgium: Economic sentiment deteriorates in February
February 25, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell another 1.0 point in February to minus 7.0 points.
Belgium: Industrial output stagnates in December
February 25, 2019
Industrial output increased 0.2% on an annual basis in December, down from November’s 3.7% increase.
Belgium: Growth steady through year-end
January 30, 2019
Belgium’s economy grew 0.3% quarter-on-quarter and in seasonally-adjusted terms in the fourth quarter of last year (Q3 2018: +0.3% quarter-on-quarter s.a.), according to a first estimate released by the National Bank of Belgium (NBB) on 30 January.
Belgium: Industry nurses recovery in November
January 25, 2019
In November, industrial output increased 2.5% on an annual basis, up from October’s 2.0% increase.
Belgium: Economic sentiment dips lower in January
January 25, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell another 1.0 point in January to minus 6.0 points.
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