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

The Belgium economy advanced 0.2 percent on quarter in the first three months of 2016, slowing from a 0.5 percent growth in the previous period and matching preliminary estimates. Private consumption (+0.1 percent from +0.4 percent) and gross fixed capital formation (+1.1 percent from +2.7 percent) grew at a slower pace while government spending increased at a faster pace (+0.2 percent from +0.1 percent). Net external demand posted a smaller drop (-0.1 percent from -0.2 percent). Year-on-year, the Belgium GDP advanced 1.5 percent, the same 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
0.20 0.50 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-29 02:00 PM Q4 0.3% 0.2% 0.3% 0.3%
2016-04-28 01:00 PM Q1 0.2% 0.5% 0.2%
2016-05-31 01:00 PM Q1 0.2% 0.5% 0.2% 0.2%
2016-07-29 01:00 PM Q2 0.2% 0.3% 0.3%
2016-08-31 01:00 PM Q2 0.2%
2016-10-31 02:00 PM Q3 0.41%

Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.50 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.50 1.50 19.40 -3.80 percent [+]
GDP 454.04 531.23 531.23 11.66 USD Billion [+]
GDP Constant Prices 101651.00 101337.00 101651.00 70691.00 EUR Million [+]
Gross National Product 104134.30 104707.00 104707.00 21890.00 EUR Million [+]
Gross Fixed Capital Formation 24083.00 23335.00 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 710.00 707.00 810.00 621.00 EUR Million [+]
GDP From Construction 4872.00 5766.00 5766.00 2776.00 EUR Million [+]
GDP From Manufacturing 15086.00 15345.00 15345.00 10614.00 EUR Million [+]
GDP From Public Administration 13243.00 13976.00 14121.00 10449.00 EUR Million [+]
GDP From Services 17486.00 18108.00 18858.00 14114.00 EUR Million [+]




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Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Mozambique 1.80 Mar/16
Moldova 1.70 Mar/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Mar/16
Tanzania 1.50 Sep/10
Bolivia 1.30 Dec/15
Bosnia and Herzegovina 1.30 Mar/16
Chile 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Philippines 1.10 Mar/16
United States 1.10 Mar/16
Malaysia 1.00 Mar/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Cyprus 0.90 Mar/16
Mauritius 0.90 Mar/16
Thailand 0.90 Mar/16
Lithuania 0.80 Mar/16
Mexico 0.80 Mar/16
Paraguay 0.80 Mar/16
Singapore 0.80 Jun/16
Spain 0.80 Mar/16
Turkey 0.80 Mar/16
Taiwan 0.78 Mar/16
Bulgaria 0.70 Mar/16
Costa Rica 0.70 Dec/15
Denmark 0.70 Mar/16
Germany 0.70 Mar/16
Luxembourg 0.70 Mar/16
New Zealand 0.70 Mar/16
Slovakia 0.70 Mar/16
South Korea 0.70 Jun/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Euro Area 0.60 Mar/16
Finland 0.60 Mar/16
France 0.60 Mar/16
United Kingdom 0.60 Jun/16
Austria 0.50 Mar/16
European Union 0.50 Mar/16
Japan 0.50 Mar/16
Netherlands 0.50 Mar/16
Slovenia 0.50 Mar/16
Sweden 0.50 Mar/16
Czech Republic 0.40 Mar/16
Israel 0.40 Mar/16
Tunisia 0.40 Mar/16
Italy 0.30 Mar/16
Malta 0.30 Mar/16
Belgium 0.20 Mar/16
Colombia 0.20 Mar/16
Portugal 0.20 Mar/16
Jamaica 0.10 Dec/15
Latvia 0.10 Mar/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
Estonia 0.00 Mar/16
Peru 0.00 Mar/16
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Brazil -0.30 Mar/16
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Argentina -0.70 Mar/16
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16