Belgium Current Account Balance: % of GDP
Key information about Belgium Current Account Balance: % of GDP
- Belgium Current Account deficit accounted for 1.8 % of the country's Nominal GDP in Jun 2024, compared with a 0.8 % surplus in the previous quarter.
- Belgium Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1995 to Jun 2024, with an average value of 1.9 %.
- The data reached an all-time high of 9.2 % in Jun 2005 and a record low of -10.1 % in Sep 2022.
CEIC calculates Current Account Balance as % of Nominal GDP from monthly Current Account Balance and quarterly Nominal GDP. The National Bank of Belgium provides Current Account Balance in EUR based on BPM6 and Nominal GDP in EUR. Current Account Balance prior to Q1 2008 is based on BPM5.
Key information about Belgium Current Account Balance: % of GDP
- In the latest reports of Belgium, Current Account recorded a deficit of 192.8 USD mn in Mar 2023.
- Foreign Direct Investment (FDI) increased by 3.2 USD bn in Mar 2023.
- Belgium Direct Investment Abroad expanded by 4.1 USD bn in Mar 2024.
- Its Foreign Portfolio Investment increased by 11.3 USD bn in Jun 2024.
- The country's Nominal GDP was reported at 153.8 USD bn in Mar 2023.
View Belgium's Current Account Balance: % of GDP from Mar 1995 to Jun 2024 in the chart:
What was Belgium's Current Account Balance: % of GDP in Jun 2024?
Belgium Current Account deficit accounted for 1.8 % of the country's Nominal GDP in Jun 2024, compared with a 0.8 % surplus in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
-1.8 Jun 2024 | 0.8 Mar 2024 | -10.1 Sep 2022 | 9.2 Jun 2005 | % | quarterly | Mar 1995 - Jun 2024 |
Current Account Balance: % of GDP by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | -3.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Algeria (%) | 0.3 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Argentina (%) | 2.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
Armenia (%) | -2.9 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
Australia (%) | -1.6 Jun 2024 | quarterly | Sep 1959 - Jun 2024 |
Austria (%) | 0.6 Jun 2024 | quarterly | Mar 1970 - Jun 2024 |
Azerbaijan (%) | 4.9 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | 0.9 2024 | yearly | 1998 - 2024 |
Belarus (%) | 2.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Belgium (%) | -1.8 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Bolivia (%) | 0.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
Bosnia and Herzegovina (%) | -3.9 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Botswana (%) | -5.0 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
Brazil (%) | -3.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | -1.3 Jun 2024 | quarterly | Sep 1999 - Jun 2024 |
Cambodia (%) | -5.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Canada (%) | -1.1 Jun 2024 | quarterly | Mar 1957 - Jun 2024 |
Chile (%) | -2.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
China (%) | 1.2 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
Colombia (%) | -1.6 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Croatia (%) | -5.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Cyprus (%) | -0.6 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Czech Republic (%) | -0.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Denmark (%) | 13.6 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
Ecuador (%) | 7.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.8 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Finland (%) | -2.9 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
France (%) | -0.7 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
Georgia (%) | -7.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Germany (%) | 5.3 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
Ghana (%) | 5.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
Greece (%) | -7.9 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Hong Kong SAR, China (%) | 13.3 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Hungary (%) | 3.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Iceland (%) | -2.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
India (%) | -1.1 Jun 2024 | quarterly | Jun 2004 - Jun 2024 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | 28.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Israel (%) | 3.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Italy (%) | 1.6 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | -7.0 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
Kazakhstan (%) | -2.5 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
Kenya (%) | -2.5 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
South Korea (USD mn) | 8,186.7 Sep 2024 | monthly | Jan 1980 - Sep 2024 |
Kosovo (%) | -15.4 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Kuwait (%) | 27.9 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | 2.7 2023 | yearly | 1984 - 2023 |
Latvia (%) | -1.7 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
Lebanon (%) | -2.8 2021 | yearly | 2002 - 2021 |
Lithuania (%) | 3.2 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
Luxembourg (%) | 12.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Macau SAR, China (%) | 36.0 2023 | yearly | 2002 - 2023 |
North Macedonia (%) | -3.2 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 0.6 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Malta (%) | 7.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Mauritius (%) | -6.3 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Mexico (%) | 0.7 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
Moldova (%) | -16.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Mongolia (%) | -5.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Montenegro (%) | -22.8 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Morocco (%) | -3.6 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Mozambique (%) | -11.6 2023 | yearly | 1980 - 2023 |
Nepal (%) | 3.9 2024 | yearly | 2001 - 2024 |
Netherlands (%) | 8.4 Jun 2024 | quarterly | Mar 1987 - Jun 2024 |
New Zealand (%) | -6.9 Jun 2024 | quarterly | Jun 1987 - Jun 2024 |
Nigeria (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Norway (%) | 17.9 Jun 2024 | quarterly | Mar 1981 - Jun 2024 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -0.5 2024 | yearly | 1977 - 2024 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Paraguay (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Peru (%) | 2.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Portugal (%) | 1.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Qatar (%) | 13.1 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Romania (%) | -9.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Russia (%) | 3.4 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
Saudi Arabia (%) | 1.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
Serbia (%) | -4.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Singapore (%) | 19.2 Jun 2024 | quarterly | Mar 1986 - Jun 2024 |
Slovakia (%) | -1.3 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
Slovenia (%) | 7.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
South Africa (%) | -0.9 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
Spain (%) | 3.3 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
Sri Lanka (%) | 1.9 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 9.4 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
Switzerland (%) | 9.6 Jun 2024 | quarterly | Mar 1983 - Jun 2024 |
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Learn more about what we doBelgium Key Series
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 2.896 2029 | yearly | 1980 - 2029 |
Trade Balance (USD mn) | 1,658.0 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
Total Exports (USD mn) | 41,522.6 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
Total Exports Growth (%) | -8.4 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Aluminum: Exports (USD th) | 1,886,870.449 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 29,489,994.259 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 48,623,017.466 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 39,864.6 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
Total Imports Growth (%) | -9.9 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Imports: Medicament (USD th) | 25,246,124.692 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 28,374,000.664 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 2,592.901 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Total Imports from USA (USD mn) | 1,835.448 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Total Exports to China (USD mn) | 581.450 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Total Imports from China (USD mn) | 1,329.752 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: National Concept (EUR mn) | 24,735.600 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
Trade Balance: National Concept (EUR mn) | 109.300 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
Exports: National Concept (EUR mn) | 24,844.900 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
Exports: NC: HS: Metals (EUR mn) | 2,220.603 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Exports: NC: HS: Agriculture: Food, Beverages & Tobacco (FB) (EUR mn) | 2,240.027 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Exports: NC: HS: Chemical Products (EUR mn) | 8,052.512 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Exports: NC: HS: Plastics & Rubber (EUR mn) | 2,005.401 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Exports: NC: HS: Machinery & Electrical Equipment (EUR mn) | 2,788.941 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Exports: NC: HS: Textiles (EUR mn) | 521.044 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Exports: National Concept: America: USA (EUR mn) | 2,390.431 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Exports: National Concept: European Union: Netherlands (EUR mn) | 3,753.964 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Exports: National Concept: European Union: Germany (EUR mn) | 4,566.133 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Exports: National Concept: European Union: France (EUR mn) | 3,955.163 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: NC: HS: Plastics & Rubber (EUR mn) | 1,246.246 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: NC: HS: Chemical Products (EUR mn) | 5,725.831 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: NC: HS: Metals (EUR mn) | 1,927.411 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: NC: HS: Agriculture: Food, Beverages & Tobacco (FB) (EUR mn) | 1,613.704 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: NC: HS: Textiles (EUR mn) | 596.989 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: NC: HS: Machinery & Electrical Equipment (EUR mn) | 3,656.907 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: National Concept: European Union: Germany (EUR mn) | 3,628.600 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: National Concept: European Union: Netherlands (EUR mn) | 6,589.439 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: National Concept: America: USA (EUR mn) | 1,692.125 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports: National Concept: European Union: France (EUR mn) | 3,084.244 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports Unit Value Index: National Concept (2000=100) | 178.820 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports Value Index: National Concept (2000=100) | 157.750 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Imports Volume Index: National Concept (2000=100) | 88.220 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Import Value Index (2015=100) | 135.863 2021 | yearly | 1995 - 2021 |
Export Value Index (2015=100) | 137.406 2021 | yearly | 1995 - 2021 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 0.6 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
Household Debt: % of GDP (%) | 59.3 Jun 2024 | quarterly | Dec 1992 - Jun 2024 |
Non-Performing Loans (USD mn) | 2,374.021 Apr 2024 | monthly | Jan 2007 - Apr 2024 |
Money Supply M1 (USD mn) | 272,049.449 Sep 2024 | monthly | Dec 1996 - Sep 2024 |
Money Supply M2 (USD mn) | 732,449.397 Sep 2024 | monthly | Dec 1996 - Sep 2024 |
M2 Growth (%) | 6.0 Sep 2024 | monthly | Dec 1997 - Sep 2024 |
Reserve Requirement Ratio (%) | 1.0 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
Foreign Exchange Reserves (USD mn) | 5,300.0 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Foreign Exchange Reserves: % of GDP (%) | 1.258 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 0.2 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
Gold Reserves (USD mn) | 20,200.000 Oct 2024 | monthly | Dec 1956 - Oct 2024 |
Total Deposits (USD mn) | 1,518,280.001 Sep 2024 | monthly | Dec 1996 - Sep 2024 |
Total Deposits Growth (%) | 3.9 Sep 2024 | monthly | Dec 1997 - Sep 2024 |
Domestic Credit (USD mn) | 817,863.8 Jul 2024 | monthly | Jan 1999 - Jul 2024 |
Domestic Credit Growth (%) | -0.3 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
Debt Service Ratio: Households (%) | 6.500 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Debt Service Ratio: Private Non-Financial Sector (%) | 18.100 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Credit to Households (USD bn) | 378.301 Dec 2023 | quarterly | Dec 1980 - Dec 2023 |
Credit to Private Non-Financial Sector (USD bn) | 1,219.760 Dec 2023 | quarterly | Dec 1970 - Dec 2023 |
Household Debt (USD mn) | 365,548.5 Dec 2022 | quarterly | Dec 1992 - Dec 2022 |
Total Loans (USD mn) | 846,478.621 Dec 2023 | quarterly | Jun 2006 - Dec 2023 |
Total Loans Growth (%) | 2.13 Dec 2023 | quarterly | Jun 2007 - Dec 2023 |
Private Debt: % of Nominal GDP (%) | 69.25 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Monetary Agg in Euro Area: BC: M3 excl Currency in Circulation (EUR bn) | 705.700 Sep 2024 | monthly | Dec 1996 - Sep 2024 |
Official Reserve Assets (EUR mn) | 38,205.000 Sep 2024 | monthly | Jan 2013 - Sep 2024 |
Official Reserve Assets: Monetary Gold (EUR mn) | 8,489.000 Feb 2019 | monthly | Jan 2013 - Feb 2019 |
Gross International Reserves (USD bn) | 43.100 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Gross International Reserves: Gold (USD bn) | 20.200 Oct 2024 | monthly | Dec 1990 - Oct 2024 |
Consumer Credit: Outstanding Amount (EUR mn) | 27,955.000 Jun 2023 | semiannually | Jun 1980 - Jun 2023 |
MFIs Loans: Outstanding Amounts (OA) (EUR mn) | 947,250.000 Sep 2024 | monthly | Sep 1997 - Sep 2024 |
Deposits: Households: Outstanding Amounts (EUR mn) | 434,102.000 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
Deposits: Non Financial Corporations (NF): Outstanding Amounts (EUR mn) | 141,702.000 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
Deposits: Financial Intermediaries (FI): Outstanding Amounts (EUR mn) | 43,071.000 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
Credit Inst Loans: Financial Intermediaries (FI): Outstanding Amounts (EUR mn) | 52,353.000 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
Credit Inst Loans: Non Financial Corporations (NF): Outstanding Amounts (EUR mn) | 149,152.000 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
Credit Inst Loans: Households (HH): Outstanding Amounts (OA) (EUR mn) | 257,016.000 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
Non Performing Loans: Individuals: Outstanding Overdue Credits (EUR th) | 2,222,034.270 Apr 2024 | monthly | Jan 2007 - Apr 2024 |
Mortgage Credits (EUR mn) | 2,444.000 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -0.4 Oct 2024 | monthly | Jan 1981 - Oct 2024 |
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