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. 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.

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
2019-04-29 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 0.2% 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 0.2% 0.3%
2019-11-29 02:00 PM GDP Growth Rate QoQ Final Q3 0.2% 0.3%


Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.30 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.20 1.30 19.40 -3.80 percent [+]
GDP 531.77 494.90 531.77 11.66 USD Billion [+]
GDP Constant Prices 110710.00 110459.00 110710.00 72759.00 EUR Million [+]
Gross National Product 115575.30 115494.90 115575.30 21890.00 EUR Million [+]
Gross Fixed Capital Formation 26768.00 26780.00 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 736.00 629.00 881.00 465.00 EUR Million [+]
GDP From Construction 5382.00 4972.00 5382.00 2794.00 EUR Million [+]
GDP From Manufacturing 16118.00 16163.00 16368.00 10715.00 EUR Million [+]
GDP From Public Administration 14555.00 13994.00 14946.00 10659.00 EUR Million [+]
GDP From Services 19116.00 18547.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.30 15.80 -2.10 1980 - 2019 percent Quarterly
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Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Australia 0.50 Jun/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Brazil 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Russia -0.40 Mar/19
Singapore -3.30 Jun/19


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