Belgium's gross domestic product rose 1.4 percent on quarter in the three months to June of 2021, gaining momentum from an upwardly revised 1.1 percent expansion in the previous period but slower than market expectations of a 1.5 percent growth, according to preliminary estimates. Value added was seen climbing 1.1 percent in industry, 1.4 percent in services, and 0.5 percent in construction. Year-on-year, the economy hiked 14.5 percent in the second quarter of the year, the steepest increase since the fourth quarter of 1995 and rebounded from a downwardly revised 0.5 percent decline. source: National Bank of Belgium
GDP Growth Rate in Belgium averaged 0.53 percent from 1980 until 2021, reaching an all time high of 15.80 percent in the first quarter of 1995 and a record low of -11.90 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 July of 2021.
GDP Growth Rate in Belgium is expected to be 1.40 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 2022 and 0.50 percent in 2023, according to our econometric models.