Belgium GDP Growth Rate  1980-2017 | Data | Chart | Calendar | Forecast

Belgium's economy advanced 0.5 percent on the quarter in the fourth quarter of 2016, accelerating from a 0.2 percent expansion in the previous period and better than a preliminary reading of 0.4 percent growth. Domestic demand rebounded sharply (0.6 percent from -0.1 percent in Q3), driven by fixed investment (1.5 percent from -1.1 percent in Q3) and government spending (0.4 percent from -0.1 percent in Q3), and in a lesser extent by household expenditure (0.2 percent from 0.4 percent in Q3). On the production side, services grew by 0.6 percent, industry by 0.2 percent and construction by 0.4 percent. Year-on-year, the GDP advanced 1.2 percent in the last quarter of the year. Considering 2016, the Belgian economy expanded 1.2 percent after growing by 1.5 percent in 2015. GDP Growth Rate in Belgium averaged 0.55 percent from 1980 until 2016, reaching an all time high of 15.80 percent in the first quarter of 1995 and a record low of -2.10 percent in the fourth quarter of 2008.

Belgium GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-30 02:00 PM Q3 0.2% 0.5% 0.2% 0.2%
2017-01-30 02:00 PM Q4 0.4% 0.2% 0.4% 0.4%
2017-02-28 02:00 PM Q4 0.5% 0.2% 0.4% 0.4%
2017-04-28 01:00 PM Q1 0.5% 0.2%
2017-05-31 01:00 PM Q1 0.2%
2017-07-31 01:00 PM Q2 0.3%




Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.20 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.20 1.30 19.40 -3.80 percent [+]
GDP 455.09 531.76 531.76 11.66 USD Billion [+]
GDP Constant Prices 103060.00 102183.00 103060.00 70691.00 EUR Million [+]
Gross National Product 105040.60 103963.00 105040.60 21890.00 EUR Million [+]
Gross Fixed Capital Formation 24132.00 24623.00 25471.00 6663.00 EUR Million [+]
GDP per capita 45036.13 44585.81 45036.13 13171.35 USD [+]
GDP per capita PPP 41297.19 40884.26 41297.19 30411.01 USD [+]
GDP From Agriculture 701.00 677.00 810.00 621.00 EUR Million [+]
GDP From Construction 4970.00 5664.00 5766.00 2776.00 EUR Million [+]
GDP From Manufacturing 15440.00 15260.00 15440.00 10614.00 EUR Million [+]
GDP From Public Administration 12625.00 13518.00 14121.00 10449.00 EUR Million [+]
GDP From Services 17659.00 17823.00 18858.00 14114.00 EUR Million [+]



Belgium GDP Growth Rate Notes

On the expenditure side, household consumption is the main component of GDP and accounts for 52 percent of its total use, followed by government expenditure (25 percent) and gross fixed capital formation (23 percent). Exports of goods and services account for 84 percent of GDP while imports account for 83 percent, adding 1 percent of total GDP. This page provides - Belgium GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.20 15.80 -2.10 1980 - 2016 percent Quarterly
SA, WDA



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Germany 0.40 Dec/16
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Cameroon 0.30 Mar/16
Czech Republic 0.20 Dec/16
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Japan 0.20 Dec/16
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South Africa 0.20 Sep/16
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Serbia 0.00 Jun/16
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Dominican Republic -2.18 Sep/16
Turkey -2.70 Sep/16
Trinidad And Tobago -2.80 Jun/16