Belgium's gross domestic product shrank by 1 percent from a year earlier in the first quarter of 2021, easing from a downwardly revised 4.9 percent contraction, a preliminary estimate showed. It marks the fifth consecutive quarter of declines in annual GDP amid the coronavirus pandemic. source: National Bank of Belgium
GDP Annual Growth Rate in Belgium averaged 2.06 percent from 1981 until 2021, reaching an all time high of 19.40 percent in the first quarter of 1995 and a record low of -13.90 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 May of 2021.
GDP Annual Growth Rate in Belgium is expected to be 12.50 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 4.30 in 12 months time. In the long-term, the Belgium GDP Annual Growth Rate is projected to trend around 3.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.