Belgium | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.2 0.3 0.4 0.3 0.7 percent [+]
Unemployment Rate 7.60 8.2 7.7 7.5 7.6 6.4 percent [+]
Inflation Rate 2.65 2 2.1 2.2 2.4 2.7 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 1837.10 2013 1961 1957 1952 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 1.06 1.02 1.01 1 1.04 0.83 [+]
Stock Market 3575.75 3530 3500 3460 3430 2890 points [+]
Government Bond 10Y 0.77 0.53 0.54 0.54 0.6 0.62 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.2 0.3 0.4 0.3 0.7 percent [+]
GDP Annual Growth Rate 1.10 1.3 1.3 1.4 1.4 1.9 percent [+]
GDP 455.09 460 462 457 469 479 USD Billion [+]
GDP Constant Prices 103060.00 103576 103927 104282 104656 109829 EUR Million [+]
Gross National Product 105040.60 107227 108050 108888 109739 120775 EUR Million [+]
Gross Fixed Capital Formation 24132.00 24979 25205 25420 25625 27892 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 701.00 706 706 705 705 693 EUR Million [+]
GDP From Construction 4970.00 4824 5663 4825 5663 5660 EUR Million [+]
GDP From Manufacturing 15440.00 15045 15297 14830 15356 15332 EUR Million [+]
GDP From Public Administration 12625.00 12740 13514 12742 13512 13500 EUR Million [+]
GDP From Services 17659.00 17494 17877 17282 18056 17990 EUR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.60 8.2 7.7 7.5 7.6 6.4 percent [+]
Employed Persons 3959.70 3943 3943 3932 3942 3936 Thousand [+]
Unemployed Persons 337407.00 363127 361719 361356 361108 361210 [+]
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 108.40 108 108 108 108 108 Index Points [+]
Job Vacancies 111352.00 93230 95695 90082 88364 89863 [+]
Minimum Wages 1531.93 1532 1532 1539 1532 1585 EUR/Month [+]
Wage Growth 2.20 2.07 1.56 1.38 1.46 1.61 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 [+]
Wages High Skilled 3020.00 3081 3086 3089 3090 3092 EUR/Month [+]
Wages In Manufacturing 111.30 122 104 122 104 122 Index Points [+]
Wages Low Skilled 1850.00 1863 1864 1864 1865 1865 EUR/Month [+]
Productivity 112.60 100 100 100 100 100 Index Points [+]
Part Time Employment 1107.60 1109 1124 1119 1113 1144 Thousand [+]
Living Wage Family 1342.30 1442 1437 1437 1437 1437 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 2.65 2 2.1 2.2 2.4 2.7 percent [+]
Inflation Rate Mom 0.71 0.12 0.12 0.12 0.12 0.12 percent [+]
Consumer Price Index CPI 104.28 104 104 105 105 108 Index Points [+]
Core Consumer Prices 102.57 102 103 102 103 103 Index Points [+]
Core Inflation Rate 1.30 1.46 1.46 1.45 1.45 1.45 percent [+]
GDP Deflator 102.86 104 104 104 104 108 Index Points [+]
Producer Prices 108.80 110 112 114 116 129 Index Points [+]
Export Prices 140.55 140 141 141 141 141 Index Points [+]
Import Prices 145.92 147 147 147 147 147 Index Points [+]
Food Inflation 2.15 1.84 1.86 1.84 1.85 1.85 percent [+]
Cpi Transportation 102.17 100 100 100 100 100 Index Points [+]
Harmonised Consumer Prices 102.96 103 103 103 103 103 Index Points [+]
Producer Prices Change 9.40 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 37869.00 37465 37765 38067 38358 41058 EUR Million [+]
Money Supply M1 187900.00 191514 194973 198373 201748 239557 EUR Million [+]
Money Supply M2 499400.00 503859 507865 511843 515770 558976 EUR Million [+]
Money Supply M3 526400.00 530053 533873 537543 541092 575552 EUR Million [+]
Banks Balance Sheet 1134387.19 1136759 1132164 1136617 1132176 1132173 EUR Million [+]
Foreign Exchange Reserves 22353.00 22401 22400 22400 22400 22400 EUR Million [+]
Central Bank Balance Sheet 134694.00 133590 133678 133613 133578 133555 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 1837.10 2013 1961 1957 1952 1090 EUR Million [+]
Exports 29616.30 29889 29815 29819 29821 29820 EUR Million [+]
Imports 27779.20 27636 27607 27592 27585 27582 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 96.32 97 97.03 97.01 97.01 97 Index Points [+]
Capital Flows 1664.00 118 175 198 193 192 EUR Million [+]
Remittances 1223.00 1275 1258 1274 1263 1238 EUR Million [+]
Gold Reserves 227.40 227 227 227 227 227 Tonnes [+]
External Debt 1130396.00 1086099 1049740 1026820 1019899 1054070 EUR Million [+]
Foreign Direct Investment 9815.00 1433 15461 4959 11663 5208 EUR Million [+]
Weapons Sales 10.00 51.46 45.33 39.2 42.23 52.82 USD Million [+]
Terrorism Index 1.25 1.24 1.19 1.13 1.08 1.28 [+]
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 24350.00 24067 24065 24066 24066 24066 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 -1.10 -1.11 -1.5 -1.68 -1.69 -1.7 [+]
Industrial Production 9.80 6.69 5.54 5.09 5.03 5.19 percent [+]
Industrial Production Mom 0.90 0.39 0.3 0.27 0.26 0.25 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 687.00 812 805 786 785 783 Companies [+]
Car Registrations 51701.00 44168 42071 42307 42748 42608 Cars [+]
Changes In Inventories -1624.00 203 267 284 306 329 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 7414.00 6907 6517 6542 6595 6588 Gigawatt-hour [+]
Corporate Profits 36858.00 35144 34956 34767 34579 31733 EUR Million [+]
Corruption Index 77.00 76.38 76.64 76.89 77.15 77.23 Points [+]
Corruption Rank 15.00 15.93 16.14 16.35 16.56 19.51 [+]
Steel Production 640.00 616 617 618 618 619 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 -2.00 -10 -7 -5 -2 -3 [+]
Retail Sales MoM 1.10 -0.3 -0.3 0.03 0.7 0.9 percent [+]
Retail Sales YoY 0.90 0.5 0.5 0.38 0.43 1.6 percent [+]
Consumer Spending 52849.00 53405 53673 53941 54211 57532 EUR Million [+]
Disposable Personal Income 82948.90 83944 84381 84853 85381 90749 EUR Million [+]
Personal Savings 12.10 11.95 12.02 12.01 12 12 percent [+]
Bank Lending Rate 1.68 1.66 1.65 1.65 1.64 1.64 percent [+]
Consumer Credit 8335900.00 8351621 8352282 8353887 8354068 8354174 EUR Thousand [+]
Gasoline Prices 1.57 1.53 1.53 1.53 1.53 1.53 USD/Liter [+]
Households Debt To Gdp 59.70 60.13 60.3 60.25 60.39 60.53 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 1513.00 1937 1909 1898 1906 1910 [+]
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. 2/25/2017