Belgium | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.4 0.3 0.4 0.43 0.7 percent [+]
Unemployment Rate 7.90 8.2 8.9 8 7.9 6.2 percent [+]
Inflation Rate 1.77 1.9 2 2.1 2.2 2.7 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 2898.90 2445 2304 2252 2230 1090 EUR Million [+]
Government Debt to GDP 106.00 107 107 107 106 100 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.06 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 3557.53 3430 3390 3360 3320 2770 points [+]
Government Bond 10Y 0.69 0.68 0.68 0.69 0.7 0.8 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.4 0.3 0.4 0.43 0.7 percent [+]
GDP Annual Growth Rate 1.30 1.4 1.3 1.3 1.4 1.9 percent [+]
GDP 454.04 460 460 462 450 479 USD Billion [+]
GDP Constant Prices 102183.00 103201 103570 103919 104272 109802 EUR Million [+]
Gross National Product 103963.00 106422 107227 108049 108886 120765 EUR Million [+]
Gross Fixed Capital Formation 24623.00 24741 24979 25204 25419 27878 EUR Million [+]
GDP per capita 44863.09 45487 45631 45776 45921 47855 USD [+]
GDP per capita PPP 41138.38 41592 41705 41819 41932 43440 USD [+]
GDP From Agriculture 677.00 710 706 706 705 692 EUR Million [+]
GDP From Construction 5664.00 5664 4824 5663 4825 5660 EUR Million [+]
GDP From Manufacturing 15260.00 15362 15045 15297 14830 15332 EUR Million [+]
GDP From Public Administration 13518.00 13516 12740 13514 12742 13500 EUR Million [+]
GDP From Services 17823.00 18089 17494 17877 17282 17990 EUR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 7.90 8.2 8.9 8 7.9 6.2 percent [+]
Employed Persons 3926.70 3933 3943 3943 3932 3936 Thousand [+]
Unemployed Persons 368838.00 362364 364710 364058 363671 363537 [+]
Labor Force Participation Rate 67.40 67.56 67.36 67.43 67.52 67.47 percent [+]
Long Term Unemployment Rate 4.20 4.2 4.17 4.17 4.17 4.14 percent [+]
Youth Unemployment Rate 21.20 21.15 21.16 21.16 21.16 21.16 percent [+]
Labour Costs 108.40 108 108 108 108 108 Index Points [+]
Job Vacancies 110032.00 85497 93230 95695 90082 89863 [+]
Minimum Wages 1531.93 1532 1532 1532 1532 1585 EUR/Month [+]
Wage Growth 2.20 1.99 2.07 1.56 1.38 1.61 percent [+]
Population 11.26 11.3 11.32 11.33 11.34 11.48 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.20 0.2 0.3 0.3 0.17 0.4 percent [+]
Employment Rate 62.00 61.95 61.89 61.99 62.02 62.01 percent [+]
Full Time Employment 3396.70 3406 3402 3403 3405 3404 Thousand [+]
Wages High Skilled 3020.00 3071 3081 3086 3089 3092 EUR/Month [+]
Wages In Manufacturing 111.30 122 104 122 104 122 Index Points [+]
Wages Low Skilled 1850.00 1861 1863 1864 1864 1865 EUR/Month [+]
Productivity 99.70 100 100 100 100 100 Index Points [+]
Part Time Employment 1120.20 1087 1102 1114 1097 1114 Thousand [+]
Living Wage Family 1930.00 2053 1987 2023 2004 2010 EUR/Month [+]
Living Wage Individual 1110.00 1154 1112 1152 1113 1121 EUR/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.77 1.9 2 2.1 2.2 2.7 percent [+]
Inflation Rate Mom 0.07 0.12 0.12 0.12 0.12 0.12 percent [+]
Consumer Price Index CPI 103.41 104 104 104 105 108 Index Points [+]
Core Consumer Prices 102.24 103 102 103 102 103 Index Points [+]
Core Inflation Rate 1.50 1.68 1.65 1.63 1.63 1.63 percent [+]
GDP Deflator 102.78 103 104 104 104 108 Index Points [+]
Producer Prices 103.40 105 105 105 105 105 Index Points [+]
Export Prices 135.78 136 136 136 136 136 Index Points [+]
Import Prices 138.21 138 138 138 138 138 Index Points [+]
Food Inflation 2.06 2.04 1.98 1.99 1.98 1.98 percent [+]
Cpi Transportation 100.55 100 100 100 100 100 Index Points [+]
Harmonised Consumer Prices 102.15 103 102 103 102 103 Index Points [+]
Producer Prices Change 0.78 0.62 0.35 0.49 0.45 0.45 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.31 -0.31 -0.31 -0.31 -0.31 -0.31 percent [+]
Money Supply M0 36892.00 36083 36601 37124 37654 45156 EUR Million [+]
Money Supply M1 184800.00 189788 193949 198152 202401 263135 EUR Million [+]
Money Supply M2 498500.00 504773 513945 520309 523803 596182 EUR Million [+]
Money Supply M3 521700.00 530693 535446 540283 545199 614845 EUR Million [+]
Banks Balance Sheet 1156669.38 1118537 1090240 1065981 1044773 865577 EUR Million [+]
Foreign Exchange Reserves 22567.00 22560 22550 22549 22549 22549 EUR Million [+]
Central Bank Balance Sheet 126196.00 124800 124718 124560 124502 124470 EUR Million [+]
Private Debt to GDP 258.20 264 265 266 268 285 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 2898.90 2445 2304 2252 2230 1090 EUR Million [+]
Exports 29833.40 29054 29162 29143 29140 29141 EUR Million [+]
Imports 26934.50 26298 26166 26102 26087 26080 EUR Million [+]
Current Account 1852.00 280 156 87.2 49.3 4.14 EUR Million [+]
Current Account to GDP 1.60 1.8 1.8 1.8 1.3 1.5 percent [+]
Terms of Trade 98.24 97.92 97.9 97.87 97.84 97.81 Index Points [+]
Capital Flows 394.00 141 145 148 147 147 EUR Million [+]
Remittances 1223.00 1298 1275 1258 1274 1238 EUR Million [+]
Gold Reserves 227.40 227 227 227 227 227 Tonnes [+]
External Debt 1160918.00 1126977 1086099 1049740 1026820 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 1.08 1.06 1.03 1.01 1.28 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 106.00 107 107 107 106 100 percent [+]
Government Budget -2.60 -2.5 -2.5 -2.5 -2.64 -0.8 percent of GDP [+]
Government Budget Value -10659.00 -11546 -11403 -11260 -11117 -11385 EUR Million [+]
Government Spending 24073.00 24065 24067 24065 24066 24066 EUR Million [+]
Government Spending to GDP 53.90 53.88 53.78 53.69 53.6 53.81 percent [+]
Government Revenues 210329.30 214856 216183 217510 218836 235339 EUR Million [+]
Government Debt 553991.00 554322 567500 571947 572360 590130 EUR Million [+]
Fiscal Expenditure 220988.30 223315 223570 223825 224080 228069 EUR Million [+]
Asylum Applications 1100.00 1748 1953 1733 1561 1685 persons [+]
Military Expenditure 4952.80 4998 4930 4862 4848 4666 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence -1.80 -1.48 -1.42 -1.35 -1.35 -1.34 [+]
Industrial Production 3.80 3.51 4.28 3.68 4.07 3.51 percent [+]
Industrial Production Mom 0.10 0.17 0.2 0.21 0.22 0.22 percent [+]
Manufacturing Production -0.20 0.1 1.58 1.85 2.7 3.66 percent [+]
Capacity Utilization 80.90 80.26 81.44 80.8 81.32 81.03 percent [+]
New Orders 115.76 122 122 122 122 122 Index Points [+]
Bankruptcies 922.00 844 915 918 967 799 Companies [+]
Car Registrations 41969.00 43779 42648 42416 42596 42586 Cars [+]
Changes In Inventories -239.00 55.27 203 267 284 329 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 37.78 38.24 38.48 38.71 37.72 [+]
Electricity Production 6700.00 6448 6227 6286 6328 6312 Gigawatt-hour [+]
Corporate Profits 36858.00 34579 34904 35229 35554 31733 EUR Million [+]
Corruption Index 77.00 77.15 77.16 77.17 77.19 77.23 Points [+]
Corruption Rank 15.00 16.56 16.76 16.97 17.17 19.51 [+]
Steel Production 650.00 635 631 628 627 626 Thousand Tonnes [+]
Mining Production 15.80 2.81 3.56 4 3.89 4.01 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence -7.00 -8 -10 -7 -5 -3 [+]
Retail Sales MoM 0.80 0.6 -0.3 -0.3 0 0.9 percent [+]
Retail Sales YoY -1.90 0.2 0.5 0.5 -0.29 1.6 percent [+]
Consumer Spending 52501.00 53137 53403 53671 53938 57511 EUR Million [+]
Disposable Personal Income 82119.30 83215 83944 84381 84853 90749 EUR Million [+]
Personal Savings 12.10 11.94 11.95 12.02 12.01 12 percent [+]
Bank Lending Rate 1.73 1.72 1.72 1.72 1.72 1.72 percent [+]
Consumer Credit 8340747.00 8336995 8336520 8336087 8336096 8336063 EUR Thousand [+]
Gasoline Prices 1.44 1.4 1.37 1.36 1.34 1.29 USD/Liter [+]
Households Debt To Gdp 59.60 60.14 60.13 60.3 60.25 60.53 percent of GDP [+]
Households Debt To Income 102.14 103 104 104 104 103 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Building Permits 1247.00 1984 1976 1922 1920 1929 [+]
Housing Starts 3.31 3.43 3.45 3.44 3.44 3.44 Thousand [+]
Construction Output -0.90 1.42 1.33 0.98 1.65 1.63 percent [+]
Housing Index 110.88 112 112 113 114 118 Index Points [+]
Home Ownership Rate 71.40 71.98 72.03 72.09 72.15 72.34 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/10/2016