Belgium - External balance on goods and services

External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Belgium was $6,222,325,000 as of 2016. Over the past 56 years, the value for this indicator has fluctuated between $18,014,370,000 in 2007 and ($3,974,547,000) in 1980.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 ($81,609,020)
1961 ($98,224,370)
1962 ($1,520,137)
1963 ($136,540,500)
1964 ($52,950,730)
1965 ($4,087,019)
1966 ($131,222,500)
1967 $83,800,830
1968 $98,599,030
1969 $263,016,700
1970 $509,970,600
1971 $501,677,700
1972 $1,038,297,000
1973 $775,742,300
1974 $105,960,600
1975 $16,233,630
1976 ($4,929,467)
1977 ($793,187,200)
1978 ($1,086,504,000)
1979 ($2,371,236,000)
1980 ($3,974,547,000)
1981 ($2,545,812,000)
1982 ($1,915,443,000)
1983 $19,736,090
1984 $163,604,000
1985 $557,773,600
1986 $2,265,013,000
1987 $2,200,388,000
1988 $3,292,046,000
1989 $2,965,510,000
1990 $2,834,369,000
1991 $3,154,930,000
1992 $5,136,094,000
1993 $6,425,179,000
1994 $7,983,596,000
1995 $10,030,510,000
1996 $7,949,707,000
1997 $8,732,070,000
1998 $8,626,028,000
1999 $9,888,238,000
2000 $6,271,421,000
2001 $7,958,837,000
2002 $14,249,390,000
2003 $16,594,130,000
2004 $17,439,410,000
2005 $14,201,720,000
2006 $15,279,390,000
2007 $18,014,370,000
2008 $2,509,741,000
2009 $10,964,430,000
2010 $8,688,092,000
2011 $2,726,886,000
2012 $3,070,435,000
2013 $6,469,682,000
2014 $3,365,658,000
2015 $6,185,820,000
2016 $6,222,325,000

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Belgium was 5,625,200,000 as of 2016. As the graph below shows, over the past 56 years this indicator reached a maximum value of 15,141,400,000 in 2002 and a minimum value of -2,881,149,000 in 1980.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 -101,151,700
1961 -121,745,900
1962 -1,884,160
1963 -169,237,500
1964 -65,630,720
1965 -5,065,728
1966 -162,646,000
1967 103,868,400
1968 122,210,300
1969 326,000,600
1970 632,108,500
1971 610,090,300
1972 1,132,886,000
1973 749,522,200
1974 102,315,600
1975 14,800,200
1976 -4,717,500
1977 -704,746,800
1978 -848,233,500
1979 -1,723,414,000
1980 -2,881,149,000
1981 -2,343,165,000
1982 -2,169,431,000
1983 25,015,500
1984 234,346,300
1985 820,986,900
1986 2,508,275,000
1987 2,036,459,000
1988 3,000,700,000
1989 2,896,710,000
1990 2,347,991,000
1991 2,670,648,000
1992 4,093,467,000
1993 5,510,234,000
1994 6,621,594,000
1995 7,330,300,000
1996 6,101,400,000
1997 7,743,600,000
1998 7,761,700,000
1999 9,281,100,000
2000 6,807,000,000
2001 8,894,000,000
2002 15,141,400,000
2003 14,702,400,000
2004 14,045,700,000
2005 11,419,600,000
2006 12,179,200,000
2007 13,161,300,000
2008 1,713,400,000
2009 7,892,200,000
2010 6,559,900,000
2011 1,961,600,000
2012 2,389,700,000
2013 4,872,700,000
2014 2,536,800,000
2015 5,577,500,000
2016 5,625,200,000

External balance on goods and services (constant LCU)

The value for External balance on goods and services (constant LCU) in Belgium was 11,696,180,000 as of 2013. As the graph below shows, over the past 53 years this indicator reached a maximum value of 13,867,760,000 in 2004 and a minimum value of -3,917,288,000 in 1979.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 -1,279,257,000
1961 -908,084,100
1962 -490,196,100
1963 -648,882,700
1964 -530,393,400
1965 -732,258,700
1966 -1,600,725,000
1967 -596,845,400
1968 -470,716,400
1969 -616,978,200
1970 268,243,200
1971 675,730,600
1972 1,458,967,000
1973 -664,521,600
1974 -1,129,187,000
1975 -520,539,500
1976 -304,591,800
1977 -2,048,518,000
1978 -2,360,122,000
1979 -3,917,288,000
1980 -2,541,021,000
1981 1,416,184,000
1982 2,515,598,000
1983 5,493,053,000
1984 5,907,737,000
1985 5,868,196,000
1986 4,554,938,000
1987 3,293,528,000
1988 2,910,988,000
1989 1,635,172,000
1990 1,392,581,000
1991 1,656,593,000
1992 1,194,502,000
1993 1,090,717,000
1994 2,443,104,000
1995 3,004,782,000
1996 2,399,286,000
1997 4,509,389,000
1998 3,384,157,000
1999 6,596,542,000
2000 6,134,631,000
2001 8,138,912,000
2002 12,977,970,000
2003 13,248,580,000
2004 13,867,760,000
2005 11,749,900,000
2006 13,471,350,000
2007 13,589,430,000
2008 9,357,956,000
2009 7,725,756,000
2010 9,314,194,000
2011 8,391,636,000
2012 8,680,380,000
2013 11,696,180,000

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Belgium was 1.33 as of 2016. Its highest value over the past 56 years was 5.50 in 2002, while its lowest value was -3.12 in 1980.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 -0.70
1961 -0.79
1962 -0.01
1963 -0.96
1964 -0.33
1965 -0.02
1966 -0.70
1967 0.42
1968 0.46
1969 1.11
1970 1.90
1971 1.67
1972 2.78
1973 1.62
1974 0.19
1975 0.02
1976 -0.01
1977 -0.95
1978 -1.07
1979 -2.03
1980 -3.12
1981 -2.42
1982 -2.07
1983 0.02
1984 0.20
1985 0.64
1986 1.88
1987 1.47
1988 2.02
1989 1.80
1990 1.37
1991 1.49
1992 2.18
1993 2.84
1994 3.24
1995 3.46
1996 2.83
1997 3.43
1998 3.31
1999 3.80
2000 2.64
2001 3.35
2002 5.50
2003 5.20
2004 4.70
2005 3.67
2006 3.73
2007 3.82
2008 0.48
2009 2.26
2010 1.80
2011 0.52
2012 0.62
2013 1.24
2014 0.63
2015 1.36
2016 1.33

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts