GDP in Belgium
Belgium - GDP
Growth slips in Q1
Belgium’s economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the first quarter (previously reported: +0.2% quarter-on-quarter s.a.; Q4 2018: +0.4% qoq s.a.), according to a comprehensive estimate released by the National Bank of Belgium on 29 May. Analysts had expected a more noticeable slowdown.
Fixed investment cooled markedly (Q1: +0.4% qoq s.a.; Q4 2018: +3.4% qoq s.a.) amid sharply weaker gains in the business and housing categories. Household spending, meanwhile, picked up (Q1: +0.3% qoq s.a.; Q4 2018: +0.0% qoq s.a.) despite deteriorating economic sentiment and an uptick in the unemployment rate, as did government spending (Q1: +0.2% qoq s.a.; Q4 2018: +0.1% qoq s.a.).
Export growth slowed to a crawl (Q1: +0.3% qoq s.a.; Q4 2018: +1.1% qoq s.a.) as demand ebbed across much of the Eurozone. Imports, meanwhile, grew negligibly (Q1: -0.1% qoq s.a.; Q4 2018: +1.8% qoq s.a.). All told, net exports added 0.4 percentage points to growth in the first quarter (Q4 2018: subtracted 0.5 percentage points).
FocusEconomics Consensus Forecast panelists expect the economy to grow at 1.3% in 2019, which is unchanged from last month’s forecast, and at 1.3% again 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 |
Belgium GDP Chart
Source: National Bank of Belgium and FocusEconomics calculations
Belgium Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.08 | 0.15 % | Jun 20 |
| Exchange Rate | 1.13 | 0.65 % | Jun 20 |
| Stock Market | 3,519 | -0.23 % | Jun 20 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
Belgium: Consumer confidence erases gains in June
June 20, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell 2 points in June to minus 7 points.
Belgium: Growth slips in Q1
June 3, 2019
Belgium’s economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the first quarter (previously reported: +0.2% quarter-on-quarter s.a.; Q4 2018: +0.4% qoq s.a.), according to a comprehensive estimate released by the National Bank of Belgium on 29 May.
Belgium: Growth slips in Q1
May 31, 2019
Belgium’s economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the first quarter (previously reported: +0.2% quarter-on-quarter s.a.; Q4 2018: +0.4% qoq s.a.), according to a comprehensive estimate released by the National Bank of Belgium on 29 May.
Belgium: Growth slips in Q1
May 29, 2019
Belgium’s economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the first quarter (previously reported: +0.2% quarter-on-quarter s.a.; Q4 2018: +0.4% qoq s.a.), according to a comprehensive estimate released by the National Bank of Belgium on 29 May.
Belgium: Industrial output slips in March
May 24, 2019
Industrial output decreased 0.8% on an annual basis in March, contrasting a 5.9% increase in February.
© Copyright: 2019 | Belgium GDP | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
