Current account

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Current account

  In billion euro2.45.5-4.6-2.90.4-1.9---1.1-1.2-1.5--10/19
  In percent of GDP0.61.2-1.0-2.40.4-1.6---1.0-1.0-1.3--11/19
In percent of GDP 
  Euro area3.
(^) Period average


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. The 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 and International Investment Position Manual (BPM6). Because current account data exhibit a strong seasonal pattern, quarterly data are shown as four-quarter moving averages.

Unit: current prices, not seasonally adjusted

Source: National Bank of Belgium (NBB) and National Accounts Institute (INR/ICN) (Belgium), Eurostat (Germany, France, Netherlands) European Central Bank (ECB, euro area

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