Belgium’s GDP expanded 0.4 percent on quarter in the three months to September 2019, following a 0.3 percent advance in the previous period and in line with preliminary estimates. Household consumption rose 0.6 percent, the most since Q1 2018 and compared with a 0.4 percent increase in Q2. On the other hand, gross fixed capital formation (0.3 percent vs 1.5 percent) and government expenditure (0.5 percent vs 0.7 percent) slowed. Meantime, net foreign demand contributed negatively to growth, as exports dropped 0.9 percent (vs 0.4 percent in Q2) and imports fell 0.8 percent (vs 0.7 percent in Q2). On a quarterly basis, the GDP grew 1.6 percent, accelerating from a 1.3 percent advance in Q2. It was the strongest pace of expansion since Q4 2017.
GDP Growth Rate in Belgium averaged 0.53 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. This page provides - Belgium GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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.