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Belgium Current Account to GDP Ratio

Belgium's current account to GDP ratio decreased to -0.4% in 2024 from a surplus of 0.2% in 2023. This change shows a deterioration in the country's net international financial position. The shift indicates that net payments for trade, investment income and transfers moved to a negative balance. Belgium's record low current account to GDP ratio was -4% in 1980 and record high was 5.5% in 1997.

Yearly Historical Data (1980-2024)

(in %)
Year Current Account to GDP Ratio
2024 -0.4%
2023 0.2%
2022 -1.3%
2021 1.8%
2020 0.9%
2019 0.1%
2018 -0.9%
2017 0.7%
2016 0.6%
2015 1.4%
2014 0.8%
2013 1%
2012 -0.1%
2011 -1.9%
2010 1.6%
2009 1.7%
2008 -1%
2007 2%
2006 1.9%
2005 2.1%
2004 3.3%
2003 3.5%
2002 4.5%
2001 3.4%
2000 4%
1999 5.1%
1998 5.2%
1997 5.5%
1996 5%
1995 5.4%
1994 5.2%
1993 5.1%
1992 2.9%
1991 2.3%
1990 1.8%
1989 2.2%
1988 2.2%
1987 1.9%
1986 2.6%
1985 0.8%
1984 -0.1%
1983 -0.6%
1982 -2.9%
1981 -4%
1980 -4%
Belgium Current Account to GDP Ratio : Definition
Belgium's current account to GDP shows its net lending or borrowing. It's calculated as the current account balance divided by GDP. A surplus indicates lending to the world. A deficit shows borrowing. The current account includes trade in goods, services, income and current transfers.
Indicator Last Value Prior Value Period
Debt to GDP Ratio 104% 102% Dec'24
Private Credit (% GDP) 68.8% 70% 2024