Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.11 1.1 1.1 1.09 1.09 1.08
Stock Market (points) 3488.17 3483 3440 3398 3357 3276
Government Bond 10Y (%) -0.33 0.01 0.03 0.04 0.06 0.07
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.20 0.3 0.4 0.3 0.2 0.2
GDP Annual Growth Rate (%) 1.20 1.2 1.4 1.5 1.4 1
Unemployment Rate (%) 5.60 5.6 5.6 5.4 5.4 5.3
Inflation Rate (%) 1.42 1.4 1.2 1.6 1.6 1.5
Inflation Rate Mom (%) 0.08 0 0.2 0.3 0.1 0.3
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -98.30 1495 980 980 580 1090
Current Account (EUR Million) 869.00 -1300 -250 220 -500 -280
Current Account to GDP (%) -1.30 0.5 0.5 0.8 0.8 0.8
Government Debt to GDP (%) 102.00 101 101 100 100 100
Government Budget (% of GDP) -0.70 -1.1 -1.1 -1.3 -1.3 -1.3
Business Confidence (Index Points) -5.00 -3.2 -3.5 -4 -4.8 -6.5
Consumer Confidence (Percentage Points) -6.00 -5 -4 -5 -7 -6
Retail Sales MoM (%) 0.30 0.3 0.2 0.5 0.4 0.4
Corporate Tax Rate (%) 29.00 34 34 34 29 29
Personal Income Tax Rate (%) 53.70 53.7 53.7 53.7 53.7 53.7
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.20 0.3 0.4 0.3 0.2 0.2
GDP Annual Growth Rate (%) 1.20 1.2 1.4 1.5 1.4 1
GDP (USD Billion) 531.77 532 532 554 554 554
GDP Constant Prices (EUR Million) 110396.00 111407 111567 111677 112052 113352
Gross National Product (EUR Million) 115575.30 115841 115613 115727 117227 117463
Gross Fixed Capital Formation (EUR Million) 26780.00 25969 26590 26616 26616 27016
GDP per capita (USD) 46683.20 46550 46550 48000 48000 48000
GDP per capita PPP (USD) 43217.95 43300 43300 43500 43500 43500
GDP From Agriculture (EUR Million) 629.00 824 601 602 602 611
GDP From Construction (EUR Million) 4972.00 4695 5395 5401 5401 5482
GDP From Manufacturing (EUR Million) 16163.00 15876 16502 16518 16518 16766
GDP From Public Administration (EUR Million) 13994.00 13541 15122 15137 15137 15364
GDP From Services (EUR Million) 18547.00 18600 19464 19483 19483 19775
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 5.60 5.6 5.6 5.4 5.4 5.3
Minimum Wages (EUR/Month) 1593.81 1594 1594 1595 1595 1595
Population (Million) 11.41 11.47 11.47 11.53 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 1647 1627 1627 1627 1676
Wages (EUR/Month) 3489.00 3546 3548 3548 3548 3654
Wages High Skilled (EUR/Month) 3050.00 3180 3141 3141 3141 3235
Wages In Manufacturing (Index Points) 124.50 96.74 96.81 96.81 96.81 99.7
Wages Low Skilled (EUR/Month) 1890.00 1925 1947 1947 1947 2005
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.42 1.4 1.2 1.6 1.6 1.5
Inflation Rate Mom (%) 0.08 0 0.2 0.3 0.1 0.3
Consumer Price Index CPI (Index Points) 108.96 109 110 111 111 111
Core Consumer Prices (Index Points) 105.40 106 107 107 108 108
Producer Prices (Index Points) 116.80 122 122 123 122 126
Food Inflation (%) 1.07 0.7 0.9 1.1 1.2 1.4
Producer Prices Change (%) 1.10 3.6 3.5 3.7 3.9 3.1
CPI Transportation (Index Points) 108.10 108 108 108 109 109
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.40 -0.36 -0.36 -0.36 -0.36 -0.36
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Million) -98.30 1495 980 980 580 1090
Current Account (EUR Million) 869.00 -1300 -250 220 -500 -280
Current Account to GDP (%) -1.30 0.5 0.5 0.8 0.8 0.8
Imports (EUR Million) 30465.50 31150 32620 33620 33500 33310
Exports (EUR Million) 30367.20 34600 33600 34200 33500 34400
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 102.00 101 101 100 100 100
Government Budget (% of GDP) -0.70 -1.1 -1.1 -1.3 -1.3 -1.3
Government Spending (EUR Million) 25204.00 25643 25550 25575 25575 25959
Government Spending to GDP (%) 52.40 52.3 52.3 52.5 52.5 52.5
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 29.00 34 34 34 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) -5.00 -3.2 -3.5 -4 -4.8 -6.5
Industrial Production (%) 5.40 6.3 10.6 5.5 5.8 4.2
Industrial Production Mom (%) -1.10 -0.5 0.2 0.2 0.1 0.4
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Percentage Points) -6.00 -5 -4 -5 -7 -6
Retail Sales MoM (%) 0.30 0.3 0.2 0.5 0.4 0.4
Retail Sales YoY (%) 0.00 1.5 1.9 0.5 1 1.4
Consumer Spending (EUR Million) 55660.00 56192 55914 55969 56495 56809
Bank Lending Rate (%) 1.58 1.57 1.57 1.57 1.57 1.57
Gasoline Prices (USD/Liter) 1.65 1.61 1.57 1.53 1.49 1.49


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.