|In billion euro||5.5||-6.4||-5.8||-0.1||-2.0||1.5||--||-1.9||-1.5||-0.8||--||08/20|
|In percent of GDP||1.2||-1.4||-1.2||-0.1||-1.6||1.4||--||-1.6||-1.2||-0.6||--||09/20|
|In percent of GDP|
|(^) 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