Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 3483.48 3174 3139 3104 3070 3002
Government Bond 10Y (%) 0.69 0.74 0.77 0.8 0.84 0.91
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 0.4 0.6 0.5 0.6 0.5
GDP Annual Growth Rate (%) 1.60 1.7 1.7 1.6 1.4 1.6
Unemployment Rate (%) 5.60 6.2 6 6.2 6 6.5
Inflation Rate (%) 2.34 2.1 2.2 3.1 2.5 2.7
Inflation Rate Mom (%) -0.24 0.3 0.2 0.2 0.3 0.2
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Million) 520.00 2400 2820 1495 980 1090
Current Account (EUR Million) -588.00 115 -670 -298 -320 -280
Current Account to GDP (%) 0.70 0.9 0.9 0.9 0.9 1
Government Debt to GDP (%) 103.10 99.9 99.9 99.9 99.9 98.5
Government Budget (% of GDP) -1.00 -0.9 -0.9 -0.9 -0.9 -0.8
Business Confidence (Index Points) -0.90 -1.8 -2.3 -3.2 -3.5 -6.5
Consumer Confidence (Percentage Points) -5.00 1 -2 -1 -2 -3
Retail Sales MoM (%) 0.80 0.16 0.09 0.09 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 0.4 0.6 0.5 0.6 0.5
GDP Annual Growth Rate (%) 1.60 1.7 1.7 1.6 1.4 1.6
GDP (USD Billion) 492.68 498 498 498 498 500
GDP Constant Prices (EUR Million) 109678.00 107387 107821 110263 111213 112993
Gross National Product (EUR Million) 114016.90 111518 113306 113268 114245 116073
Gross Fixed Capital Formation (EUR Million) 25526.00 25267 25493 25662 25883 26297
GDP per capita (USD) 46078.93 46900 46900 46900 46900 47000
GDP per capita PPP (USD) 42658.58 43300 43300 43300 43300 43500
GDP From Agriculture (EUR Million) 816.00 544 768 820 827 841
GDP From Construction (EUR Million) 4593.00 4901 5366 4666 4657 4732
GDP From Manufacturing (EUR Million) 15597.00 15565 15651 15680 15815 16068
GDP From Public Administration (EUR Million) 13329.00 14203 14763 13542 13516 13732
GDP From Services (EUR Million) 18392.00 18162 18818 18490 18649 18948
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.60 6.2 6 6.2 6 6.5
Minimum Wages (EUR/Month) 1562.59 1575 1575 1575 1575 1585
Population (Million) 11.41 11.51 11.51 11.51 11.51 11.56
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 1550 1573 1570 1530 1550
Wages (EUR/Month) 3445.00 3650 3561 3581 3650 3700
Wages High Skilled (EUR/Month) 3050.00 3200 3049 3054 3200 3250
Wages In Manufacturing (Index Points) 94.00 107 118 100 134 139
Wages Low Skilled (EUR/Month) 1890.00 1950 1877 1873 1950 2000
Employment Change (%) 0.38 0.3 0.36 0.34 0.6 0.4
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.34 2.1 2.2 3.1 2.5 2.7
Inflation Rate Mom (%) -0.24 0.3 0.2 0.2 0.3 0.2
Consumer Price Index CPI (Index Points) 108.22 109 109 111 111 114
Core Consumer Prices (Index Points) 105.56 106 106 106 106 108
Producer Prices (Index Points) 120.50 120 122 125 128 135
Food Inflation (%) 1.47 2.4 2.3 2.4 2.3 2.4
Producer Prices Change (%) 6.30 6.1 5.9 6.3 6.2 5.5
CPI Transportation (Index Points) 106.05 106 108 110 109 112
Harmonised Consumer Prices (Index Points) 107.39 108 109 110 110 113
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Interbank Rate (%) -0.31 -0.32 -0.32 -0.27 -0.22 -0.22
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) 520.00 2400 2820 1495 980 1090
Current Account (EUR Million) -588.00 115 -670 -298 -320 -280
Current Account to GDP (%) 0.70 0.9 0.9 0.9 0.9 1
Imports (EUR Million) 32074.40 35400 31780 31150 32620 33310
Exports (EUR Million) 32594.40 37800 34600 32645 33600 34400
Terms of Trade (Index Points) 96.33 103 103 103 103 103
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 103.10 99.9 99.9 99.9 99.9 98.5
Government Budget (% of GDP) -1.00 -0.9 -0.9 -0.9 -0.9 -0.8
Government Budget Value (EUR Million) -4468.00 -986 -447 91.37 630 2400
Government Spending (EUR Million) 25275.00 25423 25535 25679 25629 26039
Government Spending to GDP (%) 52.20 52.2 52.2 52.2 52.2 52.2
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) -0.90 -1.8 -2.3 -3.2 -3.5 -6.5
Industrial Production (%) 1.00 2.8 2.9 -0.35 2.7 2.5
Industrial Production Mom (%) -0.50 1.1 -0.3 0.23 0.6 0.4
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Percentage Points) -5.00 1 -2 -1 -2 -3
Retail Sales MoM (%) 0.80 0.16 0.09 0.09 0.8 0.9
Retail Sales YoY (%) -1.60 1.1 2.2 1.5 1.9 1.4
Consumer Spending (EUR Million) 55361.00 54669 54713 55656 56136 57034
Households Debt To Income (%) 104.61 105 105 105 105 105
Bank Lending Rate (%) 1.59 1.6 1.6 1.65 1.7 1.7
Gasoline Prices (USD/Liter) 1.52 1.43 1.4 1.36 1.33 1.33


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.