Belgium's gross domestic product expanded 4.9 percent year-on-year in the third quarter of 2021, compared to earlier estimates of a 4.7 percent advance and following a 15.1 percent growth in Q2. For the first time since the outbreak of the COVID-19 pandemic, the pre-crisis level of economic activity was reached and even slightly exceeded. source: National Bank of Belgium

GDP Annual Growth Rate in Belgium averaged 2.19 percent from 1981 until 2021, reaching an all time high of 19.40 percent in the first quarter of 1995 and a record low of -13.30 percent in the second quarter of 2020. This page provides - Belgium GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Annual Growth Rate in Belgium is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium GDP Annual Growth Rate is projected to trend around 1.90 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Belgium GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-10-28 09:00 AM YoY Adv Q3 4.7% 15.1% 3.1%
2021-11-30 10:00 AM YoY Final Q3 4.9% 15.1% 4.7%
2022-01-28 10:00 AM YoY Adv Q4 4.9% 4.5%

Related Last Previous Unit Reference
GDP Growth Rate 2.00 1.70 percent Sep/21
GDP Annual Growth Rate 4.90 15.10 percent Sep/21
GDP Constant Prices 113110.00 110851.00 EUR Million Sep/21
Gross National Product 124341.40 118660.20 EUR Million Jun/21
Gross Fixed Capital Formation 28106.00 27800.00 EUR Million Sep/21
GDP From Services 17432.00 17261.00 EUR Million Sep/21
GDP From Public Administration 13409.00 14477.00 EUR Million Sep/21
GDP From Manufacturing 16658.00 16725.00 EUR Million Sep/21
GDP From Construction 4918.00 5774.00 EUR Million Sep/21
GDP From Agriculture 702.00 919.00 EUR Million Sep/21
Belgium GDP Annual 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.