Belgium’s gross domestic product expanded by 0.2 percent on quarter in the first three months of 2019, slightly below a 0.4 percent growth in the previous period, the flash estimate showed. Compared to the same quarter in 2018, the economy advanced 1.1 percent, after a 1.2 percent growth in the last quarter of 2018. 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
2018-11-30 02:00 PM GDP Growth Rate QoQ Final 0.3% 0.3% 0.4% 0.4%
2019-01-30 02:00 PM GDP Growth Rate QoQ Adv 0.3% 0.3% 0.3% 0.5%
2019-02-28 02:00 PM GDP Growth Rate QoQ Final 0.3% 0.3% 0.3% 0.3%
2019-04-29 01:00 PM GDP Growth Rate QoQ Adv 0.2% 0.4% 0.4%
2019-05-29 01:00 PM GDP Growth Rate QoQ Final 0.3% 0.2% 0.2%
2019-07-30 01:00 PM GDP Growth Rate QoQ Adv 0.2% 0.3%
2019-08-30 01:00 PM GDP Growth Rate QoQ Final 0.3%


Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.40 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.10 1.20 19.40 -3.80 percent [+]
GDP 492.68 467.55 530.77 11.66 USD Billion [+]
GDP Constant Prices 110027.00 109653.00 110027.00 72759.00 EUR Million [+]
Gross National Product 115494.90 114016.90 115494.90 21890.00 EUR Million [+]
Gross Fixed Capital Formation 26223.00 25560.00 26223.00 6663.00 EUR Million [+]
GDP per capita 46078.93 45457.90 46078.93 13193.31 USD [+]
GDP per capita PPP 42658.58 42083.64 42658.58 30647.82 USD [+]
GDP From Agriculture 593.00 811.00 881.00 465.00 EUR Million [+]
GDP From Construction 5321.00 4621.00 5321.00 2794.00 EUR Million [+]
GDP From Manufacturing 16274.00 15626.00 16274.00 10715.00 EUR Million [+]
GDP From Public Administration 14913.00 13328.00 14978.00 10659.00 EUR Million [+]
GDP From Services 19195.00 18307.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.40 15.80 -2.10 1980 - 2019 percent Quarterly
SA




Country Last Previous
Singapore 3.80 Mar/19
United States 3.20 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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