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

Belgium's GDP expanded by 0.6 percent on quarter in the first quarter of 2017, higher than preliminary estimates of 0.5 percent and following 0.4 percent growth in the previous period. Private spending rose at a faster 0.5 percent (from 0.2 percent in Q4 of 2016) while government spending slowed (0.2 percent from 0.4 percent) and investments shrank (-0.9 percent from 4 percent). Net external demand contributed positively (0.6 percent from -1 percent in Q4 of 2016), as exports rose 0.5 percent (from 1.4 percent) while imports contracted 0.2 percent (from 2.6 percent). Year-on-year, the economy advanced 1.6 percent, compared to preliminary estimates of 1.5 percent. GDP Growth Rate in Belgium averaged 0.55 percent from 1980 until 2016, 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 Forecast (i)
2017-02-28 02:00 PM Q4 0.5% 0.2% 0.4% 0.4%
2017-04-28 01:00 PM Q1 0.5% 0.4% 0.4% 0.3%
2017-05-31 01:00 PM Q1 0.6% 0.4% 0.5% 0.5%
2017-07-31 01:00 PM Q2 0.6% 0.3%
2017-08-31 01:00 PM Q2 0.6% 0.3%
2017-10-30 02:00 PM Q3 0.4%




Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.40 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.60 1.10 19.40 -3.80 percent [+]
GDP 455.09 531.76 531.76 11.66 USD Billion [+]
GDP Constant Prices 104016.00 103359.00 104016.00 71016.00 EUR Million [+]
Gross National Product 105758.50 104688.10 105758.50 21890.00 EUR Million [+]
Gross Fixed Capital Formation 24303.00 24527.00 25063.00 6663.00 EUR Million [+]
GDP per capita 45181.40 44585.81 45181.40 13171.35 USD [+]
GDP per capita PPP 41826.00 41274.00 41826.00 30701.00 USD [+]
GDP From Agriculture 752.00 707.00 783.00 600.00 EUR Million [+]
GDP From Construction 5113.00 5622.00 5622.00 2771.00 EUR Million [+]
GDP From Manufacturing 15667.00 15761.00 15772.00 10362.00 EUR Million [+]
GDP From Public Administration 13250.00 14225.00 14265.00 10374.00 EUR Million [+]
GDP From Services 17932.00 18244.00 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 June of 2017.

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



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15