Belgium Productivity - Forecast

Productivity in Belgium is expected to be 100.47 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in Belgium to stand at 100.47 in 12 months time. In the long-term, the Belgium Productivity is projected to trend around 100.47 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Belgium Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6 6.2 6 6.2 6 6.5
Employed Persons 4031 4061 4087 4078 4086 4085
Unemployed Persons 308098 328606 326463 326799 326515 326738
Labor Force Participation Rate 68.1 68.35 68.43 68.2 68.15 68.28
Long Term Unemployment Rate 3.1 2.91 2.86 2.8 2.77 2.65
Youth Unemployment Rate 16.4 16.86 16.85 16.85 16.85 16.85
Labour Costs 110 110 110 110 110 110
Job Vacancies 140685 154608 152055 155636 161481 180626
Minimum Wages 1563 1563 1563 1575 1578 1585
Wage Growth 3.7 3.11 2.84 2.79 2.81 2.97
Population 11.41 11.41 11.41 11.51 11.51 11.56
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Living Wage Family 1490 1530 1530 1550 1499 1550
Living Wage Individual 1030 1032 1036 1036 1037 1038
Wages 3445 3600 3600 3650 3561 3700
Wages High Skilled 3120 3200 3200 3200 3114 3250
Wages In Manufacturing 100 99 125 107 118 139
Wages Low Skilled 1890 1950 1950 1950 1843 2000
Productivity 100 100 100 100 100 100
Part Time Employment 1140 1161 1167 1166 1180 1219
Employment Change 0.2 0.5 0.5 0.3 0.19 0.4
Employment Rate 63.9 64.14 64.39 64.37 64.39 64.65
Full Time Employment 3519 3521 3527 3526 3525 3528