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

Belgium's economy advanced 0.5 on the quarter in the three months to June 2016, accelerating from a 0.2 percent expansion in the previous period, matching preliminary estimates. Domestic demand grew at a faster pace (+0.7 percent from +0.4 percent in Q1), boosted by private consumption (+0.3 percent from a flat reading in Q1) and fixed investment (+2 percent from +1.3 percent in Q1). Meanwhile, net external demand contributed negatively, as a rise of 1.5 percent in exports was offset by an increase of 1.8 percent in imports. Compared to the same quarter a year earlier, the economy advanced 1.4 percent, the same pace as in the previous quarter. 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. GDP Growth Rate in Belgium is reported by the National Bank of Belgium.

Belgium GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.20 15.80 -2.10 1980 - 2016 percent Quarterly
SA, WDA
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 October of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-31 01:00 PM Q1 0.2% 0.5% 0.2% 0.2%
2016-07-28 01:00 PM Q2 0.5% 0.2% 0.3% 0.3%
2016-08-31 01:00 PM Q2 0.5% 0.2% 0.5% 0.5%
2016-10-31 02:00 PM Q3 0.5% 0.4%
2016-11-30 02:00 PM Q3 0.5%

Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.20 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.40 1.40 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 104134.30 104707.00 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 [+]




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Czech Republic 0.90 Jun/16
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Slovakia 0.90 Jun/16
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South Korea 0.80 Jun/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
United Kingdom 0.70 Jun/16
Ireland 0.60 Jun/16
Latvia 0.60 Jun/16
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Netherlands 0.60 Jun/16
Switzerland 0.60 Jun/16
Ukraine 0.60 Jun/16
Australia 0.50 Jun/16
Belgium 0.50 Jun/16
Croatia 0.50 Jun/16
Estonia 0.50 Jun/16
Slovenia 0.50 Jun/16
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European Union 0.40 Jun/16
Germany 0.40 Jun/16
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Euro Area 0.30 Jun/16
Portugal 0.30 Jun/16
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Greece 0.20 Jun/16
Japan 0.20 Jun/16
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Tunisia 0.20 Jun/16
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Finland 0.00 Jun/16
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Bolivia -0.56 Mar/16
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Brazil -0.60 Jun/16
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Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Rwanda -1.40 Jun/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Argentina -2.10 Jun/16
Senegal -2.50 Jun/16
Qatar -2.60 Mar/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16