Name: Belgium Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

The Belgian economy advanced by 3.1% year-on-year in 2022, extending the 6.1% growth in 2021 amid the post-pandemic relaxation of health-related restrictions. source: National Bank of Belgium

Full Year GDP Growth in Belgium averaged 1.79 percent from 1996 until 2022, reaching an all time high of 6.10 percent in 2021 and a record low of -5.70 percent in 2020. This page includes a chart with historical data for Belgium Full Year GDP Growth. Belgium Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Full Year GDP Growth in Belgium is expected to reach 0.50 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Full Year GDP Growth is projected to trend around 1.50 percent in 2024 and 1.20 percent in 2025, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	0.50	0.10	percent	Mar 2023
GDP Annual Growth Rate	1.40	1.50	percent	Mar 2023
GDP	594.10	525.21	USD Billion	Dec 2021

Belgium Full Year GDP Growth

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.