Belgium GDP Growth Rate  1980-2017 | Data | Chart | Calendar | Forecast

Belgium's gross domestic product expanded 0.4 percent in the second quarter of 2017, matching the preliminary estimate and following a 0.6 percent increase in the previous period. Fixed investment (2.4 percent from -0.7 percent in Q1) and household consumption (0.5 percent, the same as in Q1) were the main drivers of growth, while changes in inventories and net trade contributed negatively and government spending continued to contract (-0.1 percent from -0.3 percent in Q1). Year-on-year, the economy grew 1.5 percent, above the preliminary estimate of 1.4 percent and following an increase of 1.6 percent in the previous period. GDP Growth Rate in Belgium averaged 0.54 percent from 1980 until 2017, reaching an all time high of 15.80 percent in the first quarter of 1995 and a record low of -2.10 percent in the fourth quarter of 2008.

Belgium GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-05-31 01:00 PM GDP Growth Rate QoQ Final 0.6% 0.4% 0.5% 0.5%
2017-07-31 01:00 PM GDP Growth Rate QoQ Adv 0.4% 0.6% 0.6% 0.4%
2017-08-31 01:00 PM GDP Growth Rate QoQ Final 0.4% 0.6% 0.6% 0.4%
2017-10-30 02:00 PM GDP Growth Rate QoQ Adv 0.4% 0.4%
2017-11-30 02:00 PM GDP Growth Rate QoQ Final 0.4% 0.4%


Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.60 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.50 1.60 19.40 -3.80 percent [+]
GDP 466.37 454.99 531.75 11.66 USD Billion [+]
GDP Constant Prices 104418.00 104016.00 104418.00 71016.00 EUR Million [+]
Gross National Product 106969.00 105758.50 106969.00 21890.00 EUR Million [+]
Gross Fixed Capital Formation 24929.00 24303.00 25063.00 6663.00 EUR Million [+]
GDP per capita 45308.24 45067.83 45308.24 13170.56 USD [+]
GDP per capita PPP 41945.69 41723.12 41945.69 30701.20 USD [+]
GDP From Agriculture 712.00 752.00 783.00 600.00 EUR Million [+]
GDP From Construction 5650.00 5113.00 5650.00 2771.00 EUR Million [+]
GDP From Manufacturing 15779.00 15667.00 15779.00 10362.00 EUR Million [+]
GDP From Public Administration 13769.00 13250.00 14265.00 10374.00 EUR Million [+]
GDP From Services 18351.00 17932.00 19120.00 14307.00 EUR Million [+]


Belgium GDP Growth Rate Notes

On the expenditure side, 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. This page provides - Belgium GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.60 15.80 -2.10 1980 - 2017 percent Quarterly
SA, WDA



gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.00 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Canada 1.10 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17
Russia -0.57 Sep/15