Belgium GDP Growth Rate

The Gross Domestic Product (GDP) in Belgium expanded 0.50 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Belgium is reported by the National Bank of Belgium. GDP Growth Rate in Belgium averaged 0.54 Percent from 1980 until 2013, reaching an all time high of 15.80 Percent in the first quarter of 1995 and a record low of -2.20 Percent in the fourth quarter of 2008. Belgium is among the most highly industrialized countries in Europe. Poor in natural resources, it imports raw materials in great quantity and processes them largely for export. Exports equal around two thirds of GDP, and about three-quarters of Belgium's foreign trade is with other European Union countries. This page provides - Belgium GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.50 0.30 15.80 -2.20 0.50 | 2014/03 1980 - 2013 Percent Quarterly

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Belgium GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-10-30 02:00 PM Belgium
GDP Growth Rate QoQ
Q3 2013 (P) 0.3% 0.2% 0.3% -0.39%
2013-12-06 02:00 PM Belgium
GDP Growth Rate QoQ
Q3 2013 (F) 0.3% 0.2% -0.39%
2014-01-29 02:00 PM Belgium
GDP Growth Rate QoQ Adv
Q4 2013 0.4% 0.3% 0.3% 0.22%
2014-03-04 02:15 PM Belgium
GDP Growth Rate QoQ Final
Q4 2013 0.5% 0.3% 0.4% 0.22%
2014-04-30 02:00 PM Belgium
GDP Growth Rate QoQ Adv
Q1 2014 0.5% 0.5%
2014-06-04 02:00 PM Belgium
GDP Growth Rate QoQ Final
Q1 2014 0.5% 0.5%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 0.50 2013-12-31 0.30 15.80 -2.20 0.50 2014-03-31 Percent [+]
GDP Annual Growth Rate 1.00 2013-12-31 0.40 19.40 -4.10 1.19 2014-03-31 Percent [+]
GDP Constant Prices 92930.00 2013-11-15 92474.00 92930.00 66913.00 93752.35 2014-03-31 EUR Million [+]
Gross Fixed Capital Formation 18427.00 2013-11-15 18285.00 19984.00 6663.00 18398.91 2014-03-31 EUR Million [+]
Gross National Product 96025.00 2013-11-15 95203.00 96025.00 21890.00 95651.45 2014-03-31 EUR Million [+]
GDP per capita 36525.29 2012-12-31 36941.24 37582.65 11169.91 36391.36 2013-12-31 USD [+]
GDP per capita PPP 32648.63 2012-12-31 33020.44 33593.77 20735.64 32486.25 2013-12-31 USD [+]
GDP 483.70 2012-12-31 513.90 513.90 11.70 473.25 2013-12-31 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Belgium Exports at 28710.70 EUR Million  
Exports in Belgium decreased to 28710.70 EUR Million in February of 2014 from 29308.40 EUR Million in January of 2014. Exports in Belgium is reported by the National Bank of Belgium.
Belgium Imports at 27616.50 EUR Million  
Imports in Belgium decreased to 27616.50 EUR Million in February of 2014 from 28319.90 EUR Million in January of 2014. Imports in Belgium is reported by the National Bank of Belgium.
Belgium Balance of Trade at 1094.20 EUR Million  
Belgium recorded a trade surplus of 1094.20 EUR Million in February of 2014. Balance of Trade in Belgium is reported by the National Bank of Belgium.
Belgium Terms of Trade at 94.20 Index Points  
Terms of Trade in Belgium decreased to 94.20 Index Points in December of 2013 from 96.90 Index Points in November of 2013. Terms of Trade in Belgium is reported by the BelgoStat.
Belgium Unemployed Persons at 446622.00  
The number of unemployed persons in Belgium decreased to 446622 in February of 2014 from 461785 in January of 2014. Unemployed Persons in Belgium is reported by the BelgoStat.
Belgium Youth Unemployment Rate at 24.10 Percent  
Youth Unemployment Rate in Belgium decreased to 24.10 percent in February of 2014 from 24.20 percent in January of 2014. Youth Unemployment Rate in Belgium is reported by the Eurostat.
Belgium Industrial Production at 3.62 Percent  
Industrial Production in Belgium increased 3.62 percent in January of 2014 over the same month in the previous year. Industrial Production in Belgium is reported by the Statistics Belgium.
Belgium Unemployment Rate at 8.50 Percent  
Unemployment Rate in Belgium remained unchanged at 8.50 percent in February of 2014 from 8.50 percent in January of 2014. Unemployment Rate in Belgium is reported by the National Bank of Belgium.
Belgium Bankruptcies at 1014.00 Companies  
Bankruptcies in Belgium decreased to 1014 Companies in January of 2014 from 1022 Companies in December of 2013. Bankruptcies in Belgium is reported by the BelgoStat.
Belgium Residential Building Permits at 2312.00  
Building Permits in Belgium increased to 2312 in December of 2013 from 1825 in November of 2013. Building Permits in Belgium is reported by the Banque Nationale de Belgique.
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