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.

Belgium GDP Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


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




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


Related

Latest