Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.12 1.12 1.11 1.11 1.1 1.09
Stock Market (points) 3852.30 3618 3577 3537 3497 3419
Government Bond 10Y (%) 0.46 0.43 0.45 0.47 0.49 0.54
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.30 0.4 0.3 0.3 0.4 0.3
GDP Annual Growth Rate (%) 1.20 1.7 1.6 1.4 1.5 1.6
Unemployment Rate (%) 5.70 6 6.2 6 6 6.5
Inflation Rate (%) 2.33 2.2 3.1 2.5 2.3 2.7
Inflation Rate Mom (%) 0.30 0.2 0.2 0.3 0.3 0.2
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Million) 1663.70 2820 1495 980 980 1090
Current Account (EUR Million) -3783.00 -670 -298 -320 -320 -280
Current Account to GDP (%) -1.30 0.5 0.5 0.5 0.8 0.8
Government Debt to GDP (%) 103.10 99.9 99.9 99.9 98.5 98.5
Government Budget (% of GDP) -1.00 -1.1 -1.1 -1.1 -1.3 -1.3
Business Confidence (Index Points) -0.70 -2.3 -3.2 -3.5 -3.5 -6.5
Consumer Confidence (Percentage Points) -7.00 -2 -1 -2 -2 -3
Retail Sales MoM (%) 1.60 0.09 0.09 0.8 0.8 0.9
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 53.70 53.7 53.7 53.7 53.7 53.7
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.30 0.4 0.3 0.3 0.4 0.3
GDP Annual Growth Rate (%) 1.20 1.7 1.6 1.4 1.5 1.6
GDP (USD Billion) 492.68 498 498 498 500 500
GDP Constant Prices (EUR Million) 110027.00 111213 111407 111567 111677 113352
Gross National Product (EUR Million) 114016.90 114583 115841 115613 115727 117463
Gross Fixed Capital Formation (EUR Million) 26223.00 26012 25969 26590 26616 27016
GDP per capita (USD) 46078.93 46900 46900 46900 47000 47000
GDP per capita PPP (USD) 42658.58 43300 43300 43300 43500 43500
GDP From Agriculture (EUR Million) 593.00 832 824 601 602 611
GDP From Construction (EUR Million) 5321.00 5323 4695 5395 5401 5482
GDP From Manufacturing (EUR Million) 16274.00 16295 15876 16502 16518 16766
GDP From Public Administration (EUR Million) 14913.00 14743 13541 15122 15137 15364
GDP From Services (EUR Million) 19195.00 19378 18600 19464 19483 19775
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 5.70 6 6.2 6 6 6.5
Minimum Wages (EUR/Month) 1593.81 1594 1594 1594 1595 1595
Population (Million) 11.41 11.51 11.51 11.47 11.53 11.53
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 1645 1647 1627 1627 1676
Wages (EUR/Month) 3489.00 3542 3546 3548 3548 3654
Wages High Skilled (EUR/Month) 3050.00 3177 3180 3141 3141 3235
Wages In Manufacturing (Index Points) 94.00 113 96.74 96.81 96.81 99.7
Wages Low Skilled (EUR/Month) 1890.00 1923 1925 1947 1947 2005
Employment Change (%) 0.28 0.36 0.34 0.6 0.6 0.4
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.33 2.2 3.1 2.5 2.3 2.7
Inflation Rate Mom (%) 0.30 0.2 0.2 0.3 0.3 0.2
Consumer Price Index CPI (Index Points) 108.85 109 111 111 111 114
Core Consumer Prices (Index Points) 105.92 106 106 107 107 108
Producer Prices (Index Points) 117.90 118 120 122 123 128
Food Inflation (%) 1.47 2.3 2.4 2.3 2.3 2.4
Producer Prices Change (%) 4.22 2 2.2 3.1 4.5 5
CPI Transportation (Index Points) 106.60 108 110 109 109 112
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Interbank Rate (%) -0.33 -0.31 -0.31 -0.31 -0.06 -0.06
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) 1663.70 2820 1495 980 980 1090
Current Account (EUR Million) -3783.00 -670 -298 -320 -320 -280
Current Account to GDP (%) -1.30 0.5 0.5 0.5 0.8 0.8
Imports (EUR Million) 28619.40 31780 31150 32620 32620 33310
Exports (EUR Million) 30283.10 34600 32645 33600 33600 34400
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 103.10 99.9 99.9 99.9 98.5 98.5
Government Budget (% of GDP) -1.00 -1.1 -1.1 -1.1 -1.3 -1.3
Government Spending (EUR Million) 25197.00 25641 25643 25550 25575 25959
Government Spending to GDP (%) 52.20 51 51 51 50.6 50.6
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 34.00 34 34 34 34 34
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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) -0.70 -2.3 -3.2 -3.5 -3.5 -6.5
Industrial Production (%) 0.20 2.9 -0.35 2.7 2.7 2.5
Industrial Production Mom (%) -3.70 -0.3 0.23 0.6 0.6 0.4
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Percentage Points) -7.00 -2 -1 -2 -2 -3
Retail Sales MoM (%) 1.60 0.09 0.09 0.8 0.8 0.9
Retail Sales YoY (%) 1.10 2.2 1.5 1.9 0.5 1.4
Consumer Spending (EUR Million) 55142.00 56374 56192 55914 55969 56809
Households Debt To Income (%) 104.61 105 105 105 105 105
Bank Lending Rate (%) 1.59 1.59 1.59 1.59 1.84 1.84
Gasoline Prices (USD/Liter) 1.62 1.57 1.53 1.49 1.45 1.45


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.