Belgium Economic Forecast

Belgium Economic Outlook

January 30, 2018

A preliminary estimate released by the Statistical Institute shows that the economy expanded 0.5% in quarter-on-quarter terms in Q4, an acceleration from Q3’s soft expansion. While a breakdown by components has not yet been released, the acceleration was most likely driven by the domestic economy. Unemployment declined throughout the fourth quarter, reaching an over-six year low in December. Industrial production expanded sharply in October and November, and growth in the fourth quarter likely exceeded the third quarter’s average. The growth momentum has likely carried over into the first quarter of 2018, as leading indicators show that economic activity remains in good shape: Consumer confidence improved in January, and business confidence reached the best reading since April 2011.

Belgium Economic Growth

A tightening labor market, higher disposable income and declining inflation will support solid growth in private consumption, which should fuel a healthy pace of expansion this year. FocusEconomics panelists expect GDP to expand 1.7% in 2018, which is unchanged from last month’s forecast. In 2019, GDP is expected to grow 1.6%.

Sample Report

5 years of Belgium economic forecasts for more than 30 economic indicators.


Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.


Belgium Facts

Bond Yield1.030.15 %Feb 20
Exchange Rate1.230.65 %Feb 20
Stock Market3,939-0.23 %Feb 20

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Belgium Economic News

Search form