Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.11 1.11 1.1 1.1 1.1 1.09
Stock Market (points) 3978.30 3936 3892 3849 3806 3722
Government Bond 10Y (%) -0.07 0 0 0 0 0
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.40 0.3 0.3 0.3 0.3 0.3
GDP Annual Growth Rate (%) 1.60 1.1 1.2 1 0.9 1.2
Unemployment Rate (%) 5.20 5.4 5.4 5.3 5.3 5.3
Inflation Rate (%) 0.76 1 1.6 1.5 1.6 1.5
Inflation Rate Mom (%) 0.13 0.2 0.1 0.1 0.3 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 1619.30 980 1000 550 1090 1090
Current Account (EUR Million) -1287.00 0 0 0 -280 -460
Current Account to GDP (%) -1.30 -0.9 -0.9 -0.9 -0.9 -1
Government Debt to GDP (%) 102.00 101 101 101 101 101
Government Budget (% of GDP) -0.70 -2 -2 -2 -2 -2.4
Business Confidence (points) -3.40 -6.8 -7.9 -8.2 -7.5 -5
Consumer Confidence (Percentage Points) -6.00 -5 -7 -6 -7 -5
Retail Sales MoM (%) 2.70 0.5 0.4 0.3 0.4 0.3
Corporate Tax Rate (%) 29.00 29 29 29 29 29
Personal Income Tax Rate (%) 53.70 53.7 53.7 53.7 53.7 53.7
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.40 0.3 0.3 0.3 0.3 0.3
GDP Annual Growth Rate (%) 1.60 1.1 1.2 1 0.9 1.2
GDP (USD Billion) 531.77 551 551 551 551 572
GDP Constant Prices (EUR Million) 111099.00 110666 111077 111469 112099 113444
Gross National Product (EUR Million) 118048.80 116986 119175 119095 119768 121206
Gross Fixed Capital Formation (EUR Million) 27258.00 26864 27276 27349 27503 27833
GDP per capita (USD) 46683.20 47400 47400 47400 47400 47900
GDP per capita PPP (USD) 43217.95 43500 43500 43500 43500 43500
GDP From Agriculture (EUR Million) 446.00 375 466 447 450 455
GDP From Construction (EUR Million) 4998.00 5053 5583 5015 5043 5103
GDP From Manufacturing (EUR Million) 15169.00 15688 15669 15220 15306 15489
GDP From Public Administration (EUR Million) 13317.00 13857 14479 13361 13437 13598
GDP From Services (EUR Million) 18246.00 18600 19082 18307 18410 18631
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.20 5.4 5.4 5.3 5.3 5.3
Labour Costs (points) 106.30 106 107 108 108 109
Minimum Wages (EUR/Month) 1593.81 1595 1595 1595 1595 1615
Wage Growth (%) 3.10 1.2 1 1.3 1.4 1.2
Population (Million) 11.41 11.53 11.53 11.53 11.53 11.59
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Living Wage Family (EUR/Month) 1580.00 1599 1596 1601 1602 1621
Living Wage Individual (EUR/Month) 1090.00 1103 1101 1104 1105 1119
Wages High Skilled (EUR/Month) 3050.00 3087 3081 3090 3093 3130
Wages In Manufacturing (points) 102.80 104 104 104 104 105
Wages Low Skilled (EUR/Month) 1890.00 1913 1909 1915 1916 1939
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.76 1 1.6 1.5 1.6 1.5
Inflation Rate Mom (%) 0.13 0.2 0.1 0.1 0.3 0.4
Consumer Price Index CPI (points) 109.04 110 111 110 111 112
Core Consumer Prices (points) 107.09 108 108 108 108 110
Core Inflation Rate (%) 1.40 1.6 1.7 1.5 1.7 1.8
Producer Prices (points) 117.70 120 119 119 121 123
Food Inflation (%) 0.44 1.1 1.2 1.2 1.4 1.7
Producer Prices Change (%) -2.30 1.6 2 2.2 2.5 2.2
CPI Transportation (points) 108.16 108 109 109 110 112
Harmonised Consumer Prices (points) 108.38 109 110 109 110 111
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.38 -0.4 -0.4 -0.4 -0.4 -0.4
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) 1619.30 980 1000 550 1090 1090
Current Account (EUR Million) -1287.00 0 0 0 -280 -460
Current Account to GDP (%) -1.30 -0.9 -0.9 -0.9 -0.9 -1
Imports (EUR Million) 29615.30 33620 32500 32250 32900 33100
Exports (EUR Million) 31234.60 34200 33500 32800 33100 33150
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 102.00 101 101 101 101 101
Government Budget (% of GDP) -0.70 -2 -2 -2 -2 -2.4
Government Budget Value (EUR Million) -3402.00 2400 2400 2400 2400 3584
Government Spending (EUR Million) 25582.00 25377 25566 25667 25812 26122
Government Spending to GDP (%) 52.40 52.5 52.5 52.5 52.5 52.6
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 29.00 29 29 29 29 29
Personal Income Tax Rate (%) 53.70 53.7 53.7 53.7 53.7 53.7
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 45.57 45.57 45.57 45.57 45.57 45.57
Social Security Rate For Companies (%) 32.50 32.5 32.5 32.5 32.5 32.5
Social Security Rate For Employees (%) 13.07 13.07 13.07 13.07 13.07 13.07
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (points) -3.40 -6.8 -7.9 -8.2 -7.5 -5
Industrial Production (%) 4.80 5.5 5.8 4.7 4.2 4.2
Industrial Production Mom (%) -1.80 0.2 0.1 -0.3 0.4 0.3
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Percentage Points) -6.00 -5 -7 -6 -7 -5
Retail Sales MoM (%) 2.70 0.5 0.4 0.3 0.4 0.3
Retail Sales YoY (%) 2.30 0.5 1 0.8 1.4 1.2
Consumer Spending (EUR Million) 57162.00 56773 57033 57352 57676 58369
Disposable Personal Income (EUR Million) 92997.70 92810 94927 94864 95400 96545
Bank Lending Rate (%) 1.56 1.57 1.57 1.57 1.57 1.57
Consumer Credit (EUR Thousand) 7605872.00 7740853 7713171 7693286 7674325 7766417
Gasoline Prices (USD/Liter) 1.64 1.8 1.84 1.89 1.94 1.94


This page has economic forecasts for Belgium including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Belgium economy.