GDP in Belgium

Belgium GDP | Economic News & Forecasts

Belgium - GDP

Economy sustains momentum in Q4 2019

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.

Belgium - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)1.3  1.7  1.5  1.7  1.4  

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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

Value Change Date
Bond Yield0.100.15 %Dec 31
Exchange Rate1.120.65 %Dec 31

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