Belgium’s gross domestic product advanced 1.2 percent year-on-year in the last quarter of 2018, below a 1.6 percent growth in the previous period and in line with preliminary estimates. It was the weakest pace of expansion since the fourth quarter of 2013. Considering 2018, the economy grew by 1.4 percent, following a 1.7 percent expansion in 2017. GDP Annual Growth Rate in Belgium averaged 2.23 percent from 1981 until 2018, reaching an all time high of 19.40 percent in the first quarter of 1995 and a record low of -3.80 percent in the second quarter of 2009.
GDP Annual Growth Rate in Belgium is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Belgium to stand at 1.40 in 12 months time. In the long-term, the Belgium GDP Annual Growth Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.