Belgium Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Belgium's foreign reserves was $44.3B in 2025, ranked 47th globally. This represents a 6.9% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Belgium's foreign reserves stood at $44.3B in 2025, a rise of +$2.9B from 2024. Based on recent trends, this figure is projected to reach $44.3B by 2025. Belgium ranked 47th globally.
Belgium's foreign reserves have experienced significant fluctuations over the past 66 years, from a low of 1,526,945,820.57 in 1960 to a high of 44,314,942,276.44 in 2025. The country's foreign reserves ranked 47th globally in 2025, surpassing the reserves of Portugal, which ranked 30th with 42,977,751,739.53. Notably, Belgium's foreign reserves have been steadily increasing since 2000, coinciding with the country's economic integration into the European Union and its participation in the eurozone. The reserves' growth has been driven by the country's current account surplus and foreign investment. However, the trend may be disrupted by the ongoing global economic uncertainty and potential shifts in global trade policies, which could impact Belgium's foreign investment inflows. A decline in foreign investment or a surge in imports could potentially alter the trajectory of Belgium's foreign reserves, making it essential for policymakers to monitor these developments closely.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $47.4B | - | - |
| 2026* trend | $45.8B | - | - |
| 2025* trend | $44.3B | - | - |
| 2025 | $44.3B | +$2.9B | #47 |
| 2024 | $41.4B | +$636.7M | #48 |
| 2023 | $40.8B | −$460.8M | #46 |
| 2022 | $41.3B | −$598.8M | #44 |
| 2021 | $41.9B | +$8.6B | #46 |
| 2020 | $33.3B | +$4.3B | #54 |
| 2019 | $29.0B | +$2.1B | #51 |
| 2018 | $26.9B | +$705.4M | #53 |
| 2017 | $26.2B | +$2.7B | #53 |
| 2016 | $23.5B | −$620.9M | #56 |
| 2015 | $24.1B | −$1.3B | #51 |
| 2014 | $25.4B | −$1.5B | #50 |
| 2013 | $26.9B | −$3.8B | #48 |
| 2012 | $30.8B | +$1.7B | #48 |
| 2011 | $29.1B | +$2.3B | #49 |
Detected Pattern
Analysis
Belgium matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Belgium's foreign reserves was $44.3B in 2025. Ranked 47th globally. This represents a 6.9% increase from the previous year.
Belgium's foreign reserves peaked at $44.3B in 2025.
The lowest foreign reserves in Belgium was $1.5B in 1960.
Belgium ranks 47th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Belgium's foreign reserves is projected to reach $44.3B by 2025 based on trend extrapolation.
Belgium's foreign reserves was approximately 44.31 billion ($44.3B) in 2025.
The foreign reserves of Belgium in 2025 was $44.3B. This ranks 47th in the world.
Cite this page
@misc{historysaid_belgium_reserves,
title = {Belgium Foreign Reserves},
url = {https://historysaid.com/belgium/reserves/},
publisher = {HistorySaid},
year = {2026}
}