Belgium GDP Growth Rate  1980-2018 | Data | Chart | Calendar | Forecast

Belgium’s economy expanded 0.4 percent on quarter in the three months to June of 2018, following a 0.3 percent growth in the previous period and above the preliminary estimate of 0.3 percent. Growth advanced faster for fixed investment (0.9 percent from 0.4 percent in Q1) and output rebounded for household consumption (0.4 percent from -0.2 percent). Also, net external demand contributed positively to GDP growth (0.3 percentage points), as exports increased 0.7 percent (from 0.1 percent) and imports rose 0.4 percent (from -0.2 percent). Compared to the same quarter of 2017, gross domestic product rose 1.4 percent, also above the flash reading of 1.3 percent and after a 1.5 percent gain in the first quarter. Still, it was the weakest growth since the last quarter of 2016. GDP Growth Rate in Belgium averaged 0.54 percent from 1980 until 2018, 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
2018-05-30 01:00 PM GDP Growth Rate QoQ Final 0.3% 0.5% 0.4% 0.4%
2018-07-30 01:00 PM GDP Growth Rate QoQ Adv 0.3% 0.3% 0.4% 0.4%
2018-08-31 01:00 PM GDP Growth Rate QoQ Final 0.4% 0.3% 0.3% 0.3%
2018-10-29 02:00 PM GDP Growth Rate QoQ Adv 0.50%
2018-11-30 02:00 PM GDP Growth Rate QoQ Final


Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.30 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.40 1.50 19.40 -3.80 percent [+]
GDP 492.68 467.55 530.77 11.66 USD Billion [+]
GDP Constant Prices 107213.00 106782.00 107213.00 71527.00 EUR Million [+]
Gross National Product 110889.40 110214.50 110889.40 21890.00 EUR Million [+]
Gross Fixed Capital Formation 25349.00 25125.00 26005.00 6663.00 EUR Million [+]
GDP per capita 46078.93 45457.90 46078.93 13193.31 USD [+]
GDP per capita PPP 42658.58 42083.64 42658.58 30647.82 USD [+]
GDP From Agriculture 764.00 541.00 868.00 451.00 EUR Million [+]
GDP From Construction 5276.00 4819.00 5276.00 2728.00 EUR Million [+]
GDP From Manufacturing 15563.00 15477.00 15808.00 10483.00 EUR Million [+]
GDP From Public Administration 14516.00 13966.00 14943.00 10529.00 EUR Million [+]
GDP From Services 18712.00 18060.00 19447.00 14566.00 EUR Million [+]


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. 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.30 15.80 -2.10 1980 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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