Belgium’s economy expanded by 0.3% quarter-on-quarter in the third quarter of 2026, accelerating from a flat reading in the prior quarter and edging above market expectations of a 0.2% expansion, according to preliminary estimates. This marked the strongest quarterly expansion since the first quarter of 2025, supported by growth in the services sector (+0.4%) and construction sector (+0.2%). However, industrial activity contracted by 0.1%. On an annual basis, economic growth accelerated to 0.7%, up from 0.5% in the previous quarter. source: National Bank of Belgium

The Gross Domestic Product (GDP) in Belgium expanded 0.30 percent in the third quarter of 2026 over the previous quarter. GDP Growth Rate in Belgium averaged 0.54 percent from 1980 until 2026, reaching an all time high of 15.80 percent in the first quarter of 1995 and a record low of -11.60 percent in the second quarter of 2020. This page provides - Belgium GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

The Gross Domestic Product (GDP) in Belgium expanded 0.30 percent in the third quarter of 2026 over the previous quarter. GDP 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 Growth Rate is projected to trend around 0.30 percent in 2027 and 0.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-31 09:00 AM
QoQ Final
Q2 0% 0.2% 0% 0.0%
2026-10-29 10:00 AM
QoQ Adv
Q3 0.3% 0% 0.2% 0.1%
2026-11-30 10:00 AM
QoQ Final
Q3 0% 0.3% 0.3%


Related Last Previous Unit Reference
Full Year GDP Growth 1.00 1.10 percent Dec 2025
GDP Growth Rate YoY 0.70 0.50 percent Sep 2026
GDP Constant Prices 133496.70 133455.40 EUR Million Jun 2026
GDP from Agriculture 1182.60 816.80 EUR Million Jun 2026
GDP from Construction 6777.00 5918.40 EUR Million Jun 2026
GDP from Manufacturing 17532.10 17656.10 EUR Million Jun 2026
GDP from Public Administration 17224.40 16508.60 EUR Million Jun 2026
GDP from Services 21969.10 21111.40 EUR Million Jun 2026
GDP Growth Rate 0.30 0.00 percent Sep 2026
Gross Fixed Capital Formation 31433.30 31921.30 EUR Million Jun 2026
Gross National Product 169473.90 162289.70 EUR Million Jun 2026


Belgium GDP 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.
Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.00 15.80 -11.60 1980 - 2026 percent Quarterly
SA

News Stream
Belgium GDP Grows the Most Since Q1 2025
Belgium’s economy expanded by 0.3% quarter-on-quarter in the third quarter of 2026, accelerating from a flat reading in the prior quarter and edging above market expectations of a 0.2% expansion, according to preliminary estimates. This marked the strongest quarterly expansion since the first quarter of 2025, supported by growth in the services sector (+0.4%) and construction sector (+0.2%). However, industrial activity contracted by 0.1%. On an annual basis, economic growth accelerated to 0.7%, up from 0.5% in the previous quarter.
2026-10-29
Belgium GDP Growth Slows to Weakest Since 2021
Belgium’s economy was flat in the second quarter of 2026, marking the weakest quarterly performance since the first quarter of 2021, after expanding 0.2% in the first quarter, confirming preliminary estimates. The slowdown was mainly driven by weaker investment and softer household spending. Gross fixed capital formation fell 1.5%, reversing a 0.3% increase, largely due to an 8% plunge in public investment after a 1.4% decline in Q1. Private investment also contracted, falling 0.7% following a 0.4% increase. Household consumption growth slowed to 0.4% from 0.6%. In contrast, government consumption edged up 0.1% after declining 0.6%. On the production side, activity contracted in industry (-0.6% vs -0.2%) and construction (-0.2% vs 0.5%), while services remained in expansion, growing 0.3% compared with 0.2% previously. On an annual basis, economic growth slowed to 0.5% from 0.8%, also the weakest annual expansion since the first quarter of 2021.
2026-08-31
Belgium GDP Flat in Q2 of 2026
Belgium's economy was flat in the second quarter of 2026, according to the flash estimate, following a 0.2% expansion in the previous quarter. Initially, the slowdown reflected weaker activity in the goods-producing sectors, with industrial output contracting 0.8% and construction declining 0.5%. In contrast, the services sector continued to provide modest support to the economy, expanding by 0.2%. On an annual basis, GDP grew by 0.5% year-on-year in the second quarter of 2026, marking the weakest annual expansion since first quarter of 2021 and easing slightly from a 0.8% growth recorded in the previous quarter.
2026-07-29