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Indicators

To evaluate the current state of the Belgian economy, the FPB regularly updates a series of indicators. The indicators concern the macro-economic stance of the economies of Belgium, its three neighbouring countries and the euro area, as well as the transport industry.

 Indicators : Current account balance, 3-year average

The chart will appear within this DIV.

Current account balance 3-year average

in % of GDP

 20162017201820192020202120222023
Belgium0.90.90.10.00.20.90.6-0.2
Netherlands6.97.18.58.47.18.18.810.5
France-0.6-0.5-0.7-0.4-0.6-0.2-1.1-0.8
Germany8.18.38.18.07.67.36.05.8
Austria2.31.91.71.62.22.51.61.3

Source: Eurostat, Macroeconomic Imbalances Procedure.

 

Description: the balance of payments is the statistical statement that systematically summarises, for a specific time period, the economic transactions of an economy with the rest of the world. The balance of payments is broken down into three broad sub-balances: the current account, the capital account, and the financial account. Current account is the major driver of net lending/net borrowing of an economy; it provides important information about the economic relations of a country with the rest of the world. It covers all transactions (other than those in financial items) that involve economic values and occur between resident and non-resident units. The indicator is based on the IMF's sixth Balance of Payments Manual (BPM6). The indicator in the Alert Mechanism Scoreboard is the 3 year backward moving average (average of t-2, t-1 and t). The thresholds are -4% and +6% of GDP.

Unit: % of GDP.

Source: Eurostat, Macroeconomic Imbalances Procedure.

  Last update

02/05/2024
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