The Belgium economy expanded at a record 6.1% in 2021, following a 5.7% contraction in 2020 which was the biggest decline ever due to the coronavirus crisis. source: National Bank of Belgium
Full Year GDP Growth in Belgium averaged 1.74 percent from 1996 until 2021, 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 November of 2022.
Full Year GDP Growth in Belgium is expected to reach 2.90 percent by the end of 2022, 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 0.50 percent in 2023 and 1.00 percent in 2024, according to our econometric models.