The Gross Domestic Product (GDP) in Belgium expanded 14.90 percent in the second quarter of 2021 over the same quarter of the previous year. source: National Bank of Belgium

GDP Annual Growth Rate in Belgium averaged 2.14 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 -14 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 September of 2021.

GDP Annual Growth Rate in Belgium is expected to be 3.10 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 3.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.

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Belgium GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.90 -0.50 19.40 -14.00 1981 - 2021 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 09:00 AM YoY Adv Q1 -1% -4.9% -3.3%
2021-05-31 09:00 AM YoY Final Q1 -0.6% -4.9% -1% -1%
2021-07-29 09:00 AM YoY Adv Q2 14.5% -0.5% 12.5%
2021-08-30 09:00 AM YoY Final Q2 14.9% -0.5% 14.5%
2021-10-28 10:00 AM YoY Adv Q3 14.9% 3.1%
2021-11-30 10:00 AM YoY Final Q3 14.9%

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.