The Gross Domestic Product (GDP) in Belgium expanded 1.60 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Belgium averaged 2.22 percent from 1981 until 2019, reaching an all time high of 19.40 percent in the first quarter of 1995 and a record low of -3.80 percent in the second quarter of 2009.

GDP Annual Growth Rate in Belgium is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Belgium to stand at 1.00 in 12 months time. In the long-term, the Belgium GDP Annual Growth Rate is projected to trend around 1.20 percent in 2020, according to our econometric models.

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Belgium GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.30 19.40 -3.80 1981 - 2019 percent Quarterly
SA, WDA



Calendar GMT Actual Previous Consensus TEForecast
2019-07-30 01:00 PM GDP Growth Rate YoY Adv Q2 1.2% 1.3% 1.3%
2019-08-30 01:00 PM GDP Growth Rate YoY Final Q2 1.2% 1.3% 1.2%
2019-10-30 02:00 PM GDP Growth Rate YoY Adv Q3 1.6% 1.3% 1.2%
2019-11-29 02:00 PM GDP Growth Rate YoY Final Q3 1.6% 1.3% 1.6%
2020-01-30 02:00 PM GDP Growth Rate YoY Adv Q4 1.6% 1.3%


Belgium GDP Annual 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 [+]