Domestic Demand in Belgium
Over the past decade to 2022, the Belgium economy recorded an average growth rate in domestic demand of 1.5%, above the 1.3% average for the Euro Area. In 2022, the domestic demand growth in Belgium was 2.9%.
Belgium Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Belgium from 2022 to 2024.
Source: Macrobond.
Belgium Demand Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | -5.4 | 4.6 | 4.3 | 1.7 | 1.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belgian demand projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable demand forecast available for Belgian demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belgian demand projections.
Want to get access to the full dataset of Belgian demand forecasts? Send an email to info@focus-economics.com.