The economy of Belgium expanded 0.3 percent quarter-over-quarter in the three months to March of 2022, just missing market expectations of 0.4% and slowing from to a downwardly revised 0.4 percent advance in the last quarter of 2021, preliminary estimates showed. Value added rose in the construction (0.8 percent) and services (0.5 percent) sectors, while industrial output contracted (-0.8 percent). source: National Bank of Belgium
GDP Growth Rate in Belgium averaged 0.55 percent from 1980 until 2022, 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 May of 2022.
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 0.60 percent in 2023 and 0.50 percent in 2024, according to our econometric models.