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||1980 - 2015
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 84 percent of GDP, and about three-quarters of Belgium's foreign trade is with other European Union countries. In 2014, after two years of virtual stagnation, Belgium’s GDP showed modest growth. The slowdown in production was attributable mainly to its timid growth in exports, which were hard hit by low economic growth among Belgium’s major trading partners. In addition to the external demand, the main uses of GDP last year were: private final consumption expenditure from households and NPISHs (52 percent); government final consumption expenditure (25 percent); and gross fixed capital formation (23 percent). This page provides - Belgium GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Belgium GDP Growth Rate - was last refreshed on Friday, October 9, 2015.