Belgium GDP Annual Growth Rate

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.

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Calendar	GMT		Actual	Previous	TEForecast
2018-10-29	02:00 PM	GDP Growth Rate YoY Adv	1.7%	1.4%	1.8%
2018-11-30	02:00 PM	GDP Growth Rate YoY Final	1.6%	1.4%	1.7%
2019-01-30	02:00 PM	GDP Growth Rate YoY Adv	1.2%	1.6%	1.7%
2019-02-28	02:00 PM	GDP Growth Rate YoY Final	1.2%	1.6%	1.2%
2019-04-29	01:00 PM	GDP Growth Rate YoY Adv		1.2%
2019-05-29	01:00 PM	GDP Growth Rate YoY Final		1.2%
2019-07-30	01:00 PM	GDP Growth Rate YoY Adv

Belgium GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.30	0.30	15.80	-2.10	percent	[+]
GDP Annual Growth Rate	1.20	1.60	19.40	-3.80	percent	[+]
GDP	492.68	467.55	530.77	11.66	USD Billion	[+]
GDP Constant Prices	110027.00	109653.00	110027.00	72759.00	EUR Million	[+]
Gross National Product	114016.90	112667.50	114016.90	21890.00	EUR Million	[+]
Gross Fixed Capital Formation	26223.00	25560.00	26223.00	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	593.00	811.00	881.00	465.00	EUR Million	[+]
GDP From Construction	5321.00	4621.00	5321.00	2794.00	EUR Million	[+]
GDP From Manufacturing	16274.00	15626.00	16274.00	10715.00	EUR Million	[+]
GDP From Public Administration	14913.00	13328.00	14978.00	10659.00	EUR Million	[+]
GDP From Services	19195.00	18307.00	19888.00	14910.00	EUR Million	[+]

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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.20	1.60	19.40	-3.80	1981 - 2018	percent	Quarterly	SA, WDA

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Country	Last		Previous	Range
India	6.60	Dec/18	7	11.4 : -5.2	%
China	6.40	Dec/18	6.5	15.4 : 3.8	%
Indonesia	5.18	Dec/18	5.17	7.16 : 1.56	%
South Korea	3.10	Dec/18	2	20.8 : -7.3	%
United States	3.10	Dec/18	3	13.4 : -3.9	%
Saudi Arabia	2.50	Sep/18	1.61	24.2 : -20.7	%
Spain	2.40	Dec/18	2.4	5.6 : -4.3	%
Australia	2.30	Dec/18	2.7	9 : -3.4	%
Netherlands	2.00	Dec/18	2.4	6.1 : -4.6	%
Singapore	1.90	Dec/18	2.4	19 : -8.8	%
Mexico	1.70	Dec/18	2.5	9 : -9.1	%
Canada	1.60	Dec/18	1.9	9.3 : -4.1	%
Russia	1.50	Sep/18	1.9	12.1 : -11.2	%
Switzerland	1.40	Dec/18	2.4	5.8 : -3.7	%
United Kingdom	1.30	Dec/18	1.6	9.7 : -6.1	%
Brazil	1.10	Dec/18	1.3	10.1 : -5.5	%
Euro Area	1.10	Dec/18	1.6	5 : -5.5	%
South Africa	1.10	Dec/18	1.3	7.1 : -2.6	%
France	0.90	Dec/18	1.3	12.6 : -3.8	%
Germany	0.60	Dec/18	1.1	7.2 : -6.8	%
Japan	0.30	Dec/18	0.1	9.4 : -8.8	%
Italy	0.00	Dec/18	0.6	10.3 : -7.2	%
Turkey	-3.00	Dec/18	1.8	11.7 : -14.4	%
Argentina	-3.50	Sep/18	-4	16.2 : -16.3	%