Services balance (credit less debit), Net (credits less debits) (US) in Belgium
Belgium: Services balance (credit less debit), Net (credits less debits) (US) was -13.76 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Belgium, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Belgium stood at -13.76 billion. That is the lowest value across all 20 years on record.
That represents a change of down 37.1% on the previous year and down 276.0% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Belgium peaked at 9.95 billion in 2009 and was at its lowest, -13.76 billion, in 2024.
That places Belgium 185th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) (US) in Belgium, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 4.77 billion | — |
| 2006 | 6.27 billion | +31.6% |
| 2007 | 4.03 billion | -35.8% |
| 2008 | 7.69 billion | +91.0% |
| 2009 | 9.95 billion | +29.3% |
| 2010 | 9.89 billion | -0.6% |
| 2011 | 8.06 billion | -18.5% |
| 2012 | 7.19 billion | -10.8% |
| 2013 | 8.55 billion | +19.0% |
| 2014 | 7.82 billion | -8.6% |
| 2015 | 4.65 billion | -40.5% |
| 2016 | 3.76 billion | -19.1% |
| 2017 | 2.56 billion | -32.1% |
| 2018 | 352.33 million | -86.2% |
| 2019 | -3.85 billion | -1193.8% |
| 2020 | -2.58 billion | -33.2% |
| 2021 | -1.54 billion | -40.3% |
| 2022 | -6.98 billion | +353.9% |
| 2023 | -10.04 billion | +43.9% |
| 2024 | -13.76 billion | +37.1% |
Belgium compared with similar countries
- Belgium's -13.76 billion is below the median for high income countries, which is 910.63 million. (72 countries reporting)
- Belgium's -13.76 billion is below the median for Europe & Central Asia, which is 2.79 billion. (50 countries reporting)
Biggest year-on-year movements
Years where Services balance (credit less debit), Net (credits less debits) (US) in Belgium changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | -1193.8% | 352.33 million | -3.85 billion |
| 2022 | -353.9% | -1.54 billion | -6.98 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.54 billion | 4.03 billion | 9.95 billion | 5 |
| 2010s | 4.90 billion | -3.85 billion | 9.89 billion | 10 |
| 2020s | -6.98 billion | -13.76 billion | -1.54 billion | 5 |
Countries ranked near Belgium
More financial sector data for Belgium
- Reserve position in the IMF, US dollar, annual growth rate 13.78 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 193.33 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.35 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 141.16 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.78 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 193.33 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.35 % change on previous year (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Belgium?
- Services balance (credit less debit), net (credits less debits) in Belgium was -13.76 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Belgium?
- The highest recorded value was 9.95 billion in 2009.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Belgium?
- The lowest recorded value was -13.76 billion in 2024.
- How does Belgium rank for services balance (credit less debit), net (credits less debits)?
- Belgium ranks 185th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Belgium?
- Over the last ten years it is down 276.0%. The long-run trend across the full record is volatile.
- Where does this Belgium data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.