Belgium GDP


Belgium: Economic growth moderates in Q4

January 30, 2015

According to a preliminary estimate released by the National Bank of Belgium (NBB) on 30 January, GDP expanded a seasonally-adjusted 0.1% over the previous quarter in Q4. The result came in below the 0.3% expansion registered in Q3.

Compared to the same period last year, GDP growth decelerated from 1.0% in Q3 to 0.9% in Q4, which marked the slowest growth rate in one year. For the full calendar year 2014, the economy grew an estimated 1.0%, which marked a notable increase over 2013’s 0.3% expansion. More detailed data will be published on 2 March.

The Federal Planning Bureau (FPB) expects the economy to increase 1.5% in 2015. FocusEconomics Consensus Forecast panelists expect the economy to expand 1.3% in 2015, which is unchanged over the previous month’s Consensus. For 2016, the panel expects economic growth to pick up to 1.6%.

Author: Angela Bouzanis, Senior Economist

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Belgium GDP Chart

Belgium GDP Q4 2014

Note: Quarter-on-quarter changes of seasonally-adjusted GDP in %.
Source: National Bank of Belgium (NBB) and FocusEconomics Consensus Forecast.

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