Belgium Economic Forecast

Belgium Economic Outlook

March 26, 2019

Comprehensive fourth-quarter national accounts confirmed sluggish but stable growth last year, although the late-year expansion landed short of analysts’ expectations. Fourth-quarter growth was almost entirely thanks to fixed investment, which shot up on significantly stronger business investment, as well as on housing investment. Household spending, however, dipped in line with dwindling consumer confidence and despite tightness in the labor market, while export growth slowed amid the broader Eurozone cool-off, especially in Germany and in France. Available current-quarter data has been downbeat, with economic sentiment firmly in the red in the run-up to federal elections to be held this May. Opinion polls show that the previous center-right government will struggle to hold onto power amid popular support for a patchwork of other parties, throwing the fate of earlier economic reforms in the air.

Belgium Economic Growth

Belgium’s highly-open economy will be put to the test this year amid a more uncertain Eurozone backdrop, with any escalation of trade conflicts likely to bruise exports. Household spending, however, is set to get a boost from recent wage-indexing measures and lower energy costs, while fixed investment should continue to benefit from cheap financing and capacity constraints. FocusEconomics analysts project growth of 1.3% in 2019, which is down 0.1 percentage points from last month’s forecast, and also 1.3% in 2020.

Sample Report

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


Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Belgium Facts

Bond Yield0.460.15 %Apr 19
Exchange Rate1.130.65 %Apr 22
Stock Market3,852-0.23 %Apr 18

Request a 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