The source states that "from january 2002 onwards, the Belgian contribution to the monetary aggregates of the eurozone excludes currency in circulation.
From June 2010, the Repurchase agreements, and consequently M3, exclude the Repurchase agreements with Central counterparties (CCPs). Hence, reclassifications that have an impact on the list of Central counterparties (CCPs), might cause breaks in the time series."
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M3 to euro area monetary aggregates Belgium 2008-2020
This statistic shows the Belgian contribution to euro area monetary aggregates in M3 (excluding currency in circulation) from 2008 to 2020 (in million euros). In 2019, the total contribution from Belgium was worth approximately *** billion euros.
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National Bank of Belgium. (May 21, 2021). Contribution to euro area monetary aggregates in M3 (excluding currency in circulation) from Belgium from 2008 to 2020 (in billion euros) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 30, 2026, from /statistics/613213/m3-to-euro-area-monetary-aggregates-belgium/
National Bank of Belgium. "Contribution to euro area monetary aggregates in M3 (excluding currency in circulation) from Belgium from 2008 to 2020 (in billion euros)." Chart. May 21, 2021. ÌÇÐÄÆÆ½â°æ. Accessed July 30, 2026. /statistics/613213/m3-to-euro-area-monetary-aggregates-belgium/
National Bank of Belgium. (2021). Contribution to euro area monetary aggregates in M3 (excluding currency in circulation) from Belgium from 2008 to 2020 (in billion euros). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 30, 2026. /statistics/613213/m3-to-euro-area-monetary-aggregates-belgium/
National Bank of Belgium. "Contribution to Euro Area Monetary Aggregates in M3 (excluding Currency in Circulation) from Belgium from 2008 to 2020 (in Billion Euros)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 21 May 2021, /statistics/613213/m3-to-euro-area-monetary-aggregates-belgium/
National Bank of Belgium, Contribution to euro area monetary aggregates in M3 (excluding currency in circulation) from Belgium from 2008 to 2020 (in billion euros) ÌÇÐÄÆÆ½â°æ, /statistics/613213/m3-to-euro-area-monetary-aggregates-belgium/ (last visited July 30, 2026)
Contribution to euro area monetary aggregates in M3 (excluding currency in circulation) from Belgium from 2008 to 2020 (in billion euros) [Graph], National Bank of Belgium, May 21, 2021. [Online]. Available: /statistics/613213/m3-to-euro-area-monetary-aggregates-belgium/