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.