Belgium’s economy expanded 0.3 percent on quarter in the first quarter of 2019, following an upwardly revised 0.4 percent growth in the previous period and above the preliminary estimate of 0.2 percent, as gross fixed investment growth slowed (0.4 percent vs 3.4 percent in Q4). Meanwhile, household consumption rebounded (0.3 percent from a flat reading) while government consumption increased faster (0.2 percent vs 0.1 percent). Regarding net foreign demand, exports went up 0.3 percent (from 1.1 percent in Q4) while imports fell 0.1 percent (from 1.8 percent in Q4). Compared to the same quarter of 2018, gross domestic product rose 1.2 percent, the same as in the previous quarter and above the preliminary estimate of 1.1 percent. GDP Growth Rate in Belgium averaged 0.54 percent from 1980 until 2019, reaching an all time high of 15.80 percent in the first quarter of 1995 and a record low of -2.10 percent in the fourth quarter of 2008.

GDP Growth Rate in Belgium is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Belgium to stand at 0.30 in 12 months time. In the long-term, the Belgium GDP Growth Rate is projected to trend around 0.30 percent in 2020, according to our econometric models.

Belgium GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-30 02:00 PM GDP Growth Rate QoQ Adv Q4 0.3% 0.3% 0.3% 0.5%
2019-02-28 02:00 PM GDP Growth Rate QoQ Final Q4 0.3% 0.3% 0.3% 0.3%
2019-04-29 01:00 PM GDP Growth Rate QoQ Adv Q1 0.2% 0.4% 0.4%
2019-05-29 01:00 PM GDP Growth Rate QoQ Final Q1 0.3% 0.4% 0.2% 0.2%
2019-07-30 01:00 PM GDP Growth Rate QoQ Adv Q2 0.3% 0.3%
2019-08-30 01:00 PM GDP Growth Rate QoQ Final Q2 0.3% 0.3%
2019-10-30 02:00 PM GDP Growth Rate QoQ Adv Q3 0.3%


Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.40 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.20 1.20 19.40 -3.80 percent [+]
GDP 531.77 494.90 531.77 11.66 USD Billion [+]
GDP Constant Prices 110396.00 110081.00 110396.00 72759.00 EUR Million [+]
Gross National Product 115575.30 115494.90 115575.30 21890.00 EUR Million [+]
Gross Fixed Capital Formation 26780.00 26685.00 26780.00 6663.00 EUR Million [+]
GDP per capita 46683.20 46211.20 46683.20 13193.31 USD [+]
GDP per capita PPP 43217.95 42781.06 43217.95 30647.82 USD [+]
GDP From Agriculture 629.00 585.00 881.00 465.00 EUR Million [+]
GDP From Construction 4972.00 5332.00 5332.00 2794.00 EUR Million [+]
GDP From Manufacturing 16163.00 16368.00 16368.00 10715.00 EUR Million [+]
GDP From Public Administration 13994.00 14938.00 14946.00 10659.00 EUR Million [+]
GDP From Services 18547.00 19200.00 19888.00 14910.00 EUR Million [+]


Belgium GDP Growth Rate

In Belgium, household consumption is the main component of GDP and accounts for 52 percent of its total use, followed by government expenditure (25 percent) and gross fixed capital formation (23 percent). Exports of goods and services account for 84 percent of GDP while imports account for 83 percent, adding 1 percent of total GDP. This page provides - Belgium GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 15.80 -2.10 1980 - 2019 percent Quarterly
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Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


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