Belgium M2 Growth

Key information about Belgium M2 Growth

• Belgium Money Supply M2 increased 2.8 % YoY in Jan 2026, compared with a growth of 2.2 % in the previous month
• Belgium Money Supply M2 growth data is updated monthly, available from Dec 1997 to Jan 2026
• The data reached an all-time high of 15.5 % in Feb 1999 and a record low of -5.7 % in Sep 2023

CEIC calculates M2 Growth Rate from monthly M2. M2 is calculated as the sum of M1, Deposits with Agreed Maturity Up to 2 Years and Deposits Redeemable at Notice. The National Bank of Belgium provides M1, Deposits with Agreed Maturity Up to 2 Years and Deposits Redeemable at Notice in EUR. Belgium is part of the Euro Area and the reported figure corresponds to its contribution to the Euro money supply. M2 excludes currency in circulation.


Further information about Belgium M2 Growth

• In the latest reports, Belgium Foreign Exchange Reserves was measured at 6.5 USD bn in Dec 2025
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Dec 2025
• Belgium Domestic Credit reached 0.0 USD mn in May 2025, representing an drop of 100.0 % YoY
• The country's Non Performing Loans Ratio stood at 0.3 % in Dec 2025, compared with the ratio of 0.2 % in the previous quarter
• Household Debt of Belgium reached 433.5 USD bn in Jun 2025, accounting for 58.1 % of the country's Nominal GDP

View Belgium's M2 Growth from Dec 1997 to Jan 2026 in the chart:

What was Belgium's M2 Growth in Jan 2026?

Belgium Money Supply M2 increased 2.8 % YoY in Jan 2026, compared with a growth of 2.2 % in the previous month See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
2.8 Jan 2026	2.2 Dec 2025	-5.7 Sep 2023	15.5 Feb 1999	%	monthly	Dec 1997 - Jan 2026

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