Belgium GDP Q4 2019


Belgium: Economy sustains momentum in Q4 2019

January 30, 2020

The economy grew 0.4% quarter-on-quarter in seasonally-adjusted terms in the fourth quarter, matching the expansion recorded in the third quarter, according to a first estimate released by the National Bank of Belgium (NBB) on 30 January.

On an annual basis, growth fell to 1.2% in Q4 from a revised 1.6% in the previous quarter (previously reported: +1.3% year-on-year). Taking the year as a whole, the economy grew 1.4% in 2019, slightly below 2018’s 1.5% expansion.

A comprehensive release for national accounts will be published on 28 February.

FocusEconomics Consensus Forecast panelists project the economy to grow 1.3% in 2020, which is up 0.1 percentage points from last month’s forecast, and 1.1% in 2021.

Author:, Economist

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Belgium GDP Chart

Belgium GDP Q4  2019

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

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