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.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Belgium GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.30 15.80 -2.10 1980 - 2019 percent Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-07-30 01:00 PM GDP Growth Rate QoQ Adv Q2 0.2% 0.3% 0.3%
2019-08-30 01:00 PM GDP Growth Rate QoQ Final Q2 0.2% 0.3% 0.3%
2019-10-30 02:00 PM GDP Growth Rate QoQ Adv Q3 0.4% 0.3% 0.2% 0.3%
2019-11-29 02:00 PM GDP Growth Rate QoQ Final Q3 0.4% 0.3% 0.4%
2020-01-30 02:00 PM GDP Growth Rate QoQ Adv Q4 0.4% 0.3% 0.3%


News Stream
2019-10-30
Belgium Economy Grows 0.4% QoQ in Q3
Belgium’s gross domestic product expanded by 0.4 percent on quarter in the three months to September of 2019, following an upwardly revised 0.3 percent growth in the previous period and above market expectations of 0.2 percent, the flash estimate showed. Compared to the same quarter in 2018, the economy advanced 1.6 percent, after an upwardly revised 1.3 percent growth in the second quarter.

2019-08-30
Belgium Q2 GDP Growth Confirmed at 0.2%
Belgium's gross domestic product grew by 0.2 percent on quarter in the three months to June of 2019, unrevised from the preliminary estimate and below the previous period's 0.3 percent expansion. Government spending slowdown (0.2 percent vs 0.9 percent in Q1) while household consumption increased 0.3 percent, the same as in the previous quarter. Meanwhile, gross fixed capital formation rebounded (0.5 percent vs -0.2 percent). Regarding, net foreign trade, exports rose 0.3 percent (from 0.8 percent in Q1) while imports increased at a softer 0.1 percent (from 0.4 percent in Q1). Year-on-year, the GDP rose by 1.2 percent, after a 1.3 percent increase in the first quarter of the year.

2019-07-30
Belgium Economy Grows 0.2% QoQ in Q2
Belgium’s gross domestic product expanded by 0.2 percent on quarter in the three months to June of 2019, slightly below a 0.3 percent growth in the previous period, the flash estimate showed. Compared to the same quarter in 2018, the economy advanced 1.2 percent, after an upwardly revised 1.3 percent growth in the first quarter.

2019-05-29
Belgium Q1 GDP Growth Revised Higher to 0.3%
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.

2019-04-29
Belgium Economy Grows 0.2% QoQ in Q1
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.

2019-02-28
Belgium Q4 GDP Growth Confirmed at 0.3% QoQ
Belgium’s gross domestic product advanced 1.2 percent year-on-year in the last quarter of 2018, below a 1.6 percent growth in the previous period, preliminary estimates showed. It was the weakest pace of expansion since the fourth quarter of 2013, mainly due to a fall in government spending (-0.2 percent from 0.1 percent in Q3). In addition, private consumption dropped further (-0.3 percent from -0.2 percent) while total gross fixed capital formation rebounded (2.3 percent from -0.1 percent). Meanwhile, net foreign demand contributed negatively to growth, as exports went up 0.8 percent (from 1.4 percent in Q3) while imports increased at a faster 1.1 percent (the same as in Q3). Considering 2018, the economy grew by 1.4 percent, following a 1.7 percent expansion in 2017.


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.

Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.30 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.60 1.30 19.40 -3.80 percent [+]
GDP 531.77 494.90 531.77 11.66 USD Billion [+]
GDP Constant Prices 111099.00 110634.00 111099.00 72759.00 EUR Million [+]
Gross National Product 118048.80 118700.00 118700.00 21890.00 EUR Million [+]
Gross Fixed Capital Formation 27258.00 27167.00 27258.00 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 446.00 464.00 881.00 330.00 EUR Million [+]
GDP From Construction 4998.00 5561.00 5609.00 2794.00 EUR Million [+]
GDP From Manufacturing 15169.00 15607.00 16096.00 10715.00 EUR Million [+]
GDP From Public Administration 13317.00 14421.00 14788.00 10659.00 EUR Million [+]
GDP From Services 18246.00 19006.00 19888.00 14910.00 EUR Million [+]