Name: Belgium Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

The Belgium economy expanded by 1% in 2024, the lowest growth in four years, after a 1.5% rise in 2023. Full Year GDP Growth in Belgium averaged 1.80 percent from 1996 until 2024, reaching an all time high of 6.90 percent in 2021 and a record low of -5.30 percent in 2020. source: National Bank of Belgium

Full Year GDP Growth in Belgium is expected to reach 1.00 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Full Year GDP Growth is projected to trend around 1.10 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	1.00	1.50	percent	Dec 2024
GDP	664.56	644.66	USD Billion	Dec 2024
GDP Growth Rate YoY	1.00	1.10	percent	Jun 2025
GDP Constant Prices	132421.80	132196.10	EUR Million	Jun 2025
GDP from Agriculture	1189.00	797.80	EUR Million	Jun 2025
GDP from Construction	6441.70	5580.60	EUR Million	Jun 2025
GDP from Manufacturing	16867.50	16852.90	EUR Million	Jun 2025
GDP from Public Administration	17672.00	16783.40	EUR Million	Jun 2025
GDP from Services	22749.60	22145.00	EUR Million	Jun 2025
GDP Growth Rate	0.20	0.40	percent	Jun 2025
Gross Fixed Capital Formation	31080.20	31234.60	EUR Million	Jun 2025
Gross National Product	154622.20	165853.10	EUR Million	Mar 2025

Belgium Full Year GDP Growth

In Belgium, 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.