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Belgium – External Debt

Name: Belgium External Debt
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Total external debt stocks in current US dollars. Sum of public, publicly guaranteed, and private nonguaranteed long-term debt plus short-term debt and IMF credit. · World Bank

APA

Belgium External Debt. HistorySaid. Retrieved March 10, 2026, from https://historysaid.com/belgium/external-debt

BibTeX

@misc{historysaid_belgium_external-debt,
  title = {Belgium External Debt},
  url = {https://historysaid.com/belgium/external-debt},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Year	Value	Change	Rank
2026	soon
2027	projection soon

Detected Pattern▾

Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.

Reserves YoY +25.8% GDP growth 6.3% C/A balance 1.9%

This pattern occurred 682 times in G20 history, 460 successful

United Arab Emirates 2024

Reserves YoY

+25.6%

GDP growth

4.0%

C/A balance

14.5%

Guatemala 2024

Reserves YoY

+14.6%

GDP growth

3.7%

C/A balance

2.9%

Cambodia 2024

Reserves YoY

+12.6%

GDP growth

6.0%

C/A balance

0.5%

Sri Lanka 2024

Reserves YoY

+38.3%

GDP growth

5.0%

C/A balance

1.2%

Lesotho 2024

Reserves YoY

+18.0%

GDP growth

2.9%

C/A balance

3.9%

Lithuania 2024

Reserves YoY

+20.1%

GDP growth

2.8%

C/A balance

3.3%

HistorySaid – pattern alert

Belgium matched the Export Boom Cycle pattern in 2021. Historically, 67% of countries showing this pattern (460 out of 682) saw external debt improve within 24 months. View full analysis →