Belgium's economic growth moderated further to 1.4% year-on-year in the fourth quarter of 2022, from the previous period's 1.9% expansion. It was the slowest growth rate since the first quarter of 2021. Considering the full year of 2022, the Belgian economy is estimated to have grown 3.1% over a year ago, driven solely by services (+4.2%). source: National Bank of Belgium
GDP Annual Growth Rate in Belgium averaged 2.24 percent from 1981 until 2022, reaching an all time high of 19.40 percent in the first quarter of 1995 and a record low of -13.30 percent in the second quarter of 2020. This page provides - Belgium GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
GDP Annual Growth Rate in Belgium is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium GDP Annual Growth Rate is projected to trend around 1.50 percent in 2024 and 1.80 percent in 2025, according to our econometric models.