Belgium GDP Growth Rate  1980-2016 | Data | Chart | Calendar | Forecast

Belgium's gross domestic product expanded by 0.2 percent on quarter in the three months to September of 2016, easing from a 0.5 percent growth in the previous period and matching the preliminary estimate. Net external demand contributed positively, as exports rose by 0.3 percent (+0.9 percent in Q2), while imports showed no growth (+0.6 percent in Q2). Household consumption also advanced by 0.4 percent (+0.4 percent in Q2), while government spending edged down 0.1 percent (-0.2 percent in Q2) and fixed investment contracted 0.5 percent (+1.5 percent in Q2). On the production side, industry expanded by 0.5 percent, construction by 0.7 percent and services by 0.1 percent. Year-on-year, the economy grew 1.3 percent. 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)
2016-08-31 01:00 PM Q2 0.5% 0.2% 0.5% 0.5%
2016-10-28 01:00 PM Q3 0.2% 0.5% 0.4%
2016-11-30 02:00 PM Q3 0.2% 0.5% 0.2% 0.2%
2017-01-30 02:00 PM Q4 0.39%
2017-02-28 02:00 PM Q4 0.39%
2017-04-28 01:00 PM Q1 0.44%




Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.50 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.30 1.20 19.40 -3.80 percent [+]
GDP 454.04 531.23 531.23 11.66 USD Billion [+]
GDP Constant Prices 102183.00 101651.00 102183.00 70691.00 EUR Million [+]
Gross National Product 103963.00 104134.30 104707.00 21890.00 EUR Million [+]
Gross Fixed Capital Formation 24623.00 24083.00 25471.00 6663.00 EUR Million [+]
GDP per capita 44863.09 44469.83 45015.87 13171.35 USD [+]
GDP per capita PPP 41138.38 40777.78 41278.48 30410.99 USD [+]
GDP From Agriculture 677.00 710.00 810.00 621.00 EUR Million [+]
GDP From Construction 5664.00 4872.00 5766.00 2776.00 EUR Million [+]
GDP From Manufacturing 15260.00 15086.00 15345.00 10614.00 EUR Million [+]
GDP From Public Administration 13518.00 13243.00 14121.00 10449.00 EUR Million [+]
GDP From Services 17823.00 17486.00 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 December of 2016.

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



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Colombia 0.30 Sep/16
Euro Area 0.30 Sep/16
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Turkey 0.30 Jun/16
Belgium 0.20 Sep/16
Czech Republic 0.20 Sep/16
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Germany 0.20 Sep/16
Hungary 0.20 Sep/16
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Serbia 0.00 Jun/16
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Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16