GDP reading: GDP contracted by 0.1% month-on-month in April 2026, in line with expectations, following a 0.3% expansion in March....
Economic Growth in Belgium
Belgium's economy recorded an average growth rate of 1.6% in the decade to 2024, compared to the 0.8% average for Euro Area. In 2024, real GDP growth was 1.0%. For more GDP information, visit our dedicated page.
Belgium GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Belgium from 2014 to 2025.
Source: Macrobond.
Belgium GDP Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 6.3 | 4.0 | 1.6 | 1.1 | 1.0 |
| GDP (EUR bn) | 506 | 562 | 602 | 620 | 642 |
| Economic Growth (Nominal GDP, ann. var. %) | 9.1 | 11.0 | 7.2 | 3.0 | 3.6 |
Economic growth accelerates in the first quarter of 2026
GDP reading: Belgium's GDP increased 0.2% in seasonally adjusted quarter-on-quarter terms in Q1, following a 0.1% expansion in the prior quarter. The reading contrasted the contraction in the broader Euro area economy.
Private spending and exports drove uptick: Compared to the previous quarter's data, readings in Q1 improved for private consumption (+0.6% on a seasonally adjusted quarter-on-quarter basis vs 0.0% in Q4), exports of goods and services (+2.8% vs -1.3% in Q4) and imports of goods and services (+2.6% vs -1.0% in Q4). In contrast, readings worsened for government consumption (-0.5% vs +0.7% in Q4) and fixed investment (+0.3% vs +1.3% in Q4). On a year-on-year basis, GDP expanded 0.8% in Q1, following a 0.9% expansion in the prior quarter.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belgian GDP projections for the next ten years from a panel of 21 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 GDP forecast available for Belgian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belgian GDP projections.
Want to get access to the full dataset of Belgian GDP forecasts? Send an email to info@focus-economics.com.
Latest Global GDP News
-
United Kingdom: GDP falls in April -
Australia: Economic growth slows in the first quarter of 2026 GDP reading disappoints markets: Australia’s GDP increased 0.3% in seasonally adjusted quarter-on-quarter terms in Q1, following a 0.9% expansion in... -
Switzerland: Economic growth rises in the first quarter of 2026 GDP reading: Switzerland’s GDP grew 0.7% on a seasonally adjusted quarter-on-quarter basis in Q1, following 0.2% growth in the previous... -
Canada: Economy shrinks less in the first quarter of 2026 GDP reading: Canada’s GDP declined 0.1% in seasonally adjusted quarter-on-quarter annualized (SAAR) terms in Q1, following a 1.0% contraction in... -
Czech Republic: Economic growth slows in the first quarter of 2026 Q1 clocks weakest GDP reading since Q3 2023: The Czech Republic’s GDP expanded 0.2% in seasonally adjusted quarter-on-quarter terms in... -
Estonia: Economic growth rises in the first quarter of 2026 Q1 GDP growth hits over four-year high: Estonia’s GDP grew 2.4% on a year-on-year basis in Q1, following 0.7% growth... -
Latvia: Economic growth decelerates in the first quarter of 2026 GDP reading: Latvia’s GDP increased 2.5% in annual terms in Q1, following 2.9% growth in the prior quarter. In seasonally...