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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.5 6 6.2 6 6.6 6.5
Employed Persons 4056 4110 4108 4115 4117 4113
Unemployed Persons 313293 315546 315768 315218 315141 315169
Labor Force Participation Rate 68.1 68.43 68.2 68.15 68.3 68.28
Long Term Unemployment Rate 3.1 2.86 2.8 2.77 2.74 2.65
Youth Unemployment Rate 19.1 18.7 18.67 18.68 18.68 18.68
Labour Costs 111 112 112 112 112 112
Job Vacancies 145757 150327 153420 157748 161534 174343
Minimum Wages 1563 1563 1575 1575 1575 1585
Wage Growth 3.7 2.84 2.79 2.81 2.92 2.97
Population 11.41 11.41 11.51 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 1550 1499 1499 1550
Living Wage Individual 1030 1036 1036 1037 1037 1038
Wages 3445 3600 3650 3561 3581 3700
Wages High Skilled 3120 3200 3200 3114 3113 3250
Wages In Manufacturing 100 125 107 118 100 139
Wages Low Skilled 1890 1950 1950 1843 1842 2000
Productivity 100 100 100 100 100 100
Part Time Employment 1140 1167 1166 1180 1181 1219
Employment Change 0.4 0.5 0.3 0.36 0.34 0.4
Employment Rate 63.7 64.21 64.2 64.13 64.2 64.36
Full Time Employment 3519 3527 3526 3525 3527 3528