Belgium | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.50 0.2 0.3 0.4 0.3 0.7 percent [+]
Unemployment Rate 7.70 8.2 7.7 7.5 7.6 6.4 percent [+]
Inflation Rate 2.97 2 2.1 2.2 2.4 2.7 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 208.30 1728 1552 1522 1548 1090 EUR Million [+]
Government Debt to GDP 106.00 107 107 106 106 100 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.08 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 3747.43 3620 3580 3550 3470 2920 points [+]
Government Bond 10Y 0.89 0.71 0.71 0.72 0.73 0.84 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.50 0.2 0.3 0.4 0.3 0.7 percent [+]
GDP Annual Growth Rate 1.20 1.3 1.3 1.4 1.4 1.9 percent [+]
GDP 455.09 460 462 457 469 479 USD Billion [+]
GDP Constant Prices 103551.00 103939 104209 104476 104765 108992 EUR Million [+]
Gross National Product 105040.60 105310 105617 105588 105720 105866 EUR Million [+]
Gross Fixed Capital Formation 24209.00 23971 24106 23978 24080 24038 EUR Million [+]
GDP per capita 45036.13 45066 45206 45346 45487 47855 USD [+]
GDP per capita PPP 41297.19 41259 41370 41481 41592 43441 USD [+]
GDP From Agriculture 698.00 701 713 707 708 702 EUR Million [+]
GDP From Construction 5661.00 4868 5661 4868 5660 5658 EUR Million [+]
GDP From Manufacturing 15771.00 15240 15446 15458 15716 15623 EUR Million [+]
GDP From Public Administration 14265.00 13397 14263 13399 14261 14250 EUR Million [+]
GDP From Services 18337.00 17643 17957 17693 18322 18231 EUR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.70 8.2 7.7 7.5 7.6 6.4 percent [+]
Employed Persons 3977.60 4002 4014 4024 4033 4049 Thousand [+]
Unemployed Persons 388225.00 377011 372386 375168 372485 372389 [+]
Labor Force Participation Rate 67.50 67.34 67.4 67.46 67.46 67.43 percent [+]
Long Term Unemployment Rate 4.10 4.17 4.17 4.17 4.16 4.14 percent [+]
Youth Unemployment Rate 20.40 21.15 21.14 21.14 21.14 21.14 percent [+]
Labour Costs 108.30 108 109 109 109 109 Index Points [+]
Job Vacancies 112987.00 115214 120770 122463 123154 135282 [+]
Minimum Wages 1531.93 1532 1532 1539 1532 1585 EUR/Month [+]
Wage Growth 2.10 1.76 1.39 1.38 1.3 1.48 percent [+]
Population 11.31 11.26 11.28 11.29 11.3 11.48 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Employment Change 0.30 0.3 0.3 0.23 0.5 0.4 percent [+]
Employment Rate 62.20 61.89 61.99 62.02 61.99 62.01 percent [+]
Full Time Employment 3421.30 3410 3411 3415 3413 3413 Thousand [+]
Productivity 100.10 101 101 101 101 101 Index Points [+]
Wages High Skilled 3020.00 3081 3086 3089 3090 3092 EUR/Month [+]
Wages In Manufacturing 93.10 93.1 111 93.1 111 111 Index Points [+]
Wages Low Skilled 1850.00 1863 1864 1864 1865 1865 EUR/Month [+]
Part Time Employment 1107.60 1109 1124 1119 1113 1144 Thousand [+]
Living Wage Family 1342.30 1348 1347 1347 1347 1347 EUR/Month [+]
Living Wage Individual 1124.20 1136 1135 1135 1135 1135 EUR/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.97 2 2.1 2.2 2.4 2.7 percent [+]
Inflation Rate Mom 0.37 0.16 0.18 0.18 0.18 0.18 percent [+]
Consumer Price Index CPI 104.67 105 105 106 106 111 Index Points [+]
Core Consumer Prices 103.18 102 103 102 103 103 Index Points [+]
Core Inflation Rate 1.50 1.43 1.43 1.43 1.42 1.42 percent [+]
GDP Deflator 103.44 104 104 104 105 108 Index Points [+]
Producer Prices 110.50 110 112 114 116 129 Index Points [+]
Export Prices 141.58 142 142 142 142 142 Index Points [+]
Import Prices 146.96 148 148 148 148 148 Index Points [+]
Food Inflation 2.60 2.57 2.74 2.77 2.77 2.77 percent [+]
Cpi Transportation 102.33 102 102 102 102 102 Index Points [+]
Harmonised Consumer Prices 102.96 103 103 103 103 103 Index Points [+]
Producer Prices Change 13.82 12.3 7.6 5.5 4.2 3 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.33 -0.33 -0.32 -0.32 -0.32 -0.32 percent [+]
Money Supply M0 37308.00 37729 38118 38478 38826 42234 EUR Million [+]
Money Supply M1 186600.00 189808 193080 196272 199443 235014 EUR Million [+]
Money Supply M2 498400.00 501398 505230 508868 512456 551502 EUR Million [+]
Money Supply M3 525000.00 527476 530759 533883 536882 564826 EUR Million [+]
Banks Balance Sheet 1156957.87 1149712 1147562 1152495 1148080 1148076 EUR Million [+]
Foreign Exchange Reserves 23226.00 23214 23290 23291 23292 23292 EUR Million [+]
Central Bank Balance Sheet 139340.00 137441 138152 138329 138403 138431 EUR Million [+]
Private Debt to GDP 258.20 264 265 266 268 285 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 208.30 1728 1552 1522 1548 1090 EUR Million [+]
Exports 29954.60 30275 30224 30230 30235 30234 EUR Million [+]
Imports 29746.30 28313 28674 28757 28785 28791 EUR Million [+]
Current Account 525.00 -27.03 -148 -152 -142 -138 EUR Million [+]
Current Account to GDP 1.60 1.8 1.8 1.33 1.18 1.5 percent [+]
Terms of Trade 96.34 96.71 96.81 96.79 96.79 96.78 Index Points [+]
Capital Flows 1664.00 118 175 198 193 192 EUR Million [+]
Remittances 1218.00 1288 1329 1276 1315 1279 EUR Million [+]
Gold Reserves 227.40 227 227 227 227 227 Tonnes [+]
Foreign Direct Investment -24110.00 -3122 -1572 -1073 929 3424 EUR Million [+]
External Debt 1130396.00 1086099 1049740 1026820 1019899 1054070 EUR Million [+]
Terrorism Index 1.25 1.24 1.19 1.13 1.08 1.28 [+]
Weapons Sales 10.00 51.46 45.33 39.2 42.23 52.82 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 106.00 107 107 106 106 100 percent [+]
Government Budget -2.60 -2.5 -2.5 -2.79 -2.2 -0.8 percent of GDP [+]
Government Budget Value -10659.00 -12115 -11925 -11736 -11546 -11385 EUR Million [+]
Government Spending 24503.00 24537 24559 24566 24569 24571 EUR Million [+]
Government Spending to GDP 53.90 54.65 54.39 54.13 53.88 53.81 percent [+]
Government Revenues 210329.30 212756 213456 214156 214856 235339 EUR Million [+]
Government Debt 557093.00 567500 571947 572360 572669 590130 EUR Million [+]
Fiscal Expenditure 220988.30 225308 224644 223980 223315 228069 EUR Million [+]
Asylum Applications 1155.00 1201 1232 1228 1212 1217 persons [+]
Military Expenditure 4952.80 4998 4930 4862 4848 4666 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence -1.60 -1.4 -2.25 -2.48 -2.52 -2.54 [+]
Industrial Production 3.10 7.06 5.73 5.28 5.26 5.46 percent [+]
Industrial Production Mom -4.80 -0.75 -0.21 -0.01 0.06 0.09 percent [+]
Manufacturing Production 11.40 7.98 6.41 5.87 5.77 5.92 percent [+]
Capacity Utilization 79.40 81.44 80.8 81.32 81.08 81.03 percent [+]
New Orders 115.76 122 122 122 122 122 Index Points [+]
Bankruptcies 800.00 744 761 771 775 778 Companies [+]
Car Registrations 51942.00 46824 41770 42188 43147 42936 Cars [+]
Changes In Inventories -325.00 -313 -396 -325 -370 -442 EUR Million [+]
Competitiveness Index 5.25 5.18 5.18 5.18 5.18 5.22 Points [+]
Competitiveness Rank 17.00 19 19 19 20 20 [+]
Ease of Doing Business 42.00 38.01 38.24 38.48 38.71 37.72 [+]
Electricity Production 7878.00 7861 7859 7859 7859 7859 Gigawatt-hour [+]
Corporate Profits 36858.00 35144 34956 34767 34579 31733 EUR Million [+]
Corruption Index 77.00 77 77 77 77 75 Points [+]
Corruption Rank 15.00 15.93 16.14 16.35 16.56 19.51 [+]
Steel Production 565.00 587 601 607 609 612 Thousand Tonnes [+]
Mining Production 9.80 5.95 7.26 7.17 7.33 7.36 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 0.00 -4 -7 -5 -2 -3 [+]
Retail Sales MoM -0.60 -0.3 -0.3 0.02 0.7 0.9 percent [+]
Retail Sales YoY 0.60 0.5 0.5 0.51 0.53 1.6 percent [+]
Consumer Spending 52945.00 53129 53310 53492 53675 55868 EUR Million [+]
Disposable Personal Income 82948.90 82948 82938 82935 82935 82935 EUR Million [+]
Personal Savings 12.60 12.38 12.46 12.28 12.41 12.38 percent [+]
Bank Lending Rate 1.70 1.68 1.68 1.68 1.68 1.68 percent [+]
Consumer Credit 8349432.00 8357987 8360336 8362694 8362982 8363153 EUR Thousand [+]
Gasoline Prices 1.56 1.55 1.54 1.54 1.54 1.55 USD/Liter [+]
Households Debt To Gdp 59.10 59.45 59.67 59.8 59.96 61.29 percent of GDP [+]
Households Debt To Income 102.14 101 102 103 103 103 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Building Permits 1413.00 1909 1912 1869 1862 1866 [+]
Housing Starts 3.57 3.68 3.67 3.67 3.67 3.67 Thousand [+]
Construction Output 0.00 0.82 0.64 1.3 1.3 1.29 percent [+]
Housing Index 113.89 112 113 114 114 118 Index Points [+]
Home Ownership Rate 71.40 72.15 72.09 72.04 71.98 72.34 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 34.00 34 34 34 34 34 percent [+]
Personal Income Tax Rate 53.70 53.7 53.7 53.7 53.7 53.7 percent [+]
Sales Tax Rate 21.00 21 21 21 21 21 percent [+]
Social Security Rate 45.22 45.22 45.22 45.22 45.22 45.22 percent [+]
Social Security Rate For Companies 32.15 32.15 32.15 32.15 32.15 32.15 percent [+]
Social Security Rate For Employees 13.07 13.07 13.07 13.07 13.07 13.07 percent [+]





Economic Forecasts for Belgium including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Belgium economy. 3/26/2017