Belgium GDP Growth Rate

Belgium’s gross domestic product expanded by 0.4 percent on quarter in the three months to September of 2018, following a downwardly revised 0.3 percent growth in the previous period and in line with market expectations, the flash estimate showed. Compared to the same quarter in 2017, the economy advanced 1.7 percent, after a 1.4 percent rise in the second quarter. 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.

GDP Growth Rate in Belgium is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Belgium to stand at 0.50 in 12 months time. In the long-term, the Belgium GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
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	0.4%	0.3%	0.4%	0.50%
2018-11-30	02:00 PM	GDP Growth Rate QoQ Final		0.3%		0.4%

Belgium GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.40	0.30	15.80	-2.10	percent	[+]
GDP Annual Growth Rate	1.70	1.40	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	112667.50	110889.40	112667.50	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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.40	0.30	15.80	-2.10	1980 - 2018	percent	Quarterly	SA

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Country	Last		Previous	Highest	Lowest
Singapore	4.70	Sep/18	1.2	36.6	-13.5	%	Quarterly
United States	3.50	Sep/18	4.2	16.7	-10	%	Quarterly
Indonesia	3.09	Sep/18	4.21	4.21	-3.57	%	Quarterly
India	1.90	Jun/18	2	5.4	-1.7	%	Quarterly
China	1.60	Sep/18	1.7	2.4	1.4	%	Quarterly
Australia	0.90	Jun/18	1.1	4.4	-2	%	Quarterly
Mexico	0.90	Sep/18	-0.2	3.2	-5.7	%	Quarterly
Russia	0.90	Jun/18	0.4	4.1	-5.4	%	Quarterly
Turkey	0.90	Jun/18	1.5	5.6	-5.2	%	Quarterly
Canada	0.70	Jun/18	0.4	3.1	-2.3	%	Quarterly
Switzerland	0.70	Jun/18	1	2.4	-1.9	%	Quarterly
South Korea	0.60	Sep/18	0.6	7.8	-7	%	Quarterly
Spain	0.60	Sep/18	0.6	1.6	-1.6	%	Quarterly
United Kingdom	0.60	Sep/18	0.4	5	-2.7	%	Quarterly
France	0.40	Sep/18	0.2	8	-5.3	%	Quarterly
Brazil	0.20	Jun/18	0.1	3.9	-3.9	%	Quarterly
Euro Area	0.20	Sep/18	0.4	1.3	-3	%	Quarterly
Netherlands	0.20	Sep/18	0.7	1.7	-3.6	%	Quarterly
Italy	0.00	Sep/18	0.2	6	-2.8	%	Quarterly
Saudi Arabia	-0.05	Mar/18	0.05	8.5	-2.1	%	Quarterly
Germany	-0.20	Sep/18	0.5	4	-4.5	%	Quarterly
Japan	-0.30	Sep/18	0.8	3.2	-4.9	%	Quarterly
South Africa	-0.70	Jun/18	-2.6	7.6	-6.1	%	Quarterly
Argentina	-4.00	Jun/18	0.7	5	-5.7	%	Quarterly