GDP in Belgium

Belgium GDP | Economic News & Forecasts

Belgium - GDP

Growth steady through year-end

Belgium’s economy grew 0.3% quarter-on-quarter and in seasonally-adjusted terms in the fourth quarter of last year (Q3 2018: +0.3% quarter-on-quarter s.a.), according to a first estimate released by the National Bank of Belgium (NBB) on 30 January. The modest reading landed roughly in line with the broader Eurozone slowdown but fell just short of analysts’ expectations. On an annual basis, growth eased to 1.2% from 1.6% in the third quarter. Full-year growth, moreover, was estimated at 1.4%, down from 1.7% in 2017.

Comprehensive fourth-quarter national accounts will be released on 28 February.

FocusEconomics Consensus Forecast panelists expect the economy to grow 1.4% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.3% in 2020.

Belgium - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)0.2  1.3  1.4  1.4  1.7  

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Belgium GDP Chart


Belgium GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Bank of Belgium and FocusEconomics calculations

Belgium Facts

ValueChangeDate
Bond Yield0.680.15 %Feb 14
Exchange Rate1.130.65 %Feb 14
Stock Market3,521-0.23 %Feb 14

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