Belgium GDP Growth Rate 1980-2017 | Data | Chart | Calendar | Forecast

The Belgian economy grew by 0.3 percent on quarter in the three months of September 2017, unrevised from the preliminary estimate and following a 0.5 percent expansion in the previous period. Household consumption rose at a softer pace (0.2 percent from 0.4 percent in Q2) and government spending contracted (-0.2 percent from 0.3 percent in Q2). Meanwhile, fixed investment jumped 1 percent after a 0.9 percent increase in the previous three-month period and foreign demand contributed positively as imports fell 0.3 percent (0.8 percent in Q2) and exports declined at a slower 0.2 percent (0.7 percent in Q2). Year-on-year, the economy grew by 1.7 percent. GDP Growth Rate in Belgium averaged 0.54 percent from 1980 until 2017, 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 Actual Previous Consensus TEForecast
2017-08-31 01:00 PM GDP Growth Rate QoQ Final 0.4% 0.6% 0.6% 0.4%
2017-10-30 02:00 PM GDP Growth Rate QoQ Adv 0.3% 0.5% 0.3% 0.4%
2017-11-30 02:00 PM GDP Growth Rate QoQ Final 0.3% 0.5% 0.3% 0.3%
2018-01-29 02:00 PM GDP Growth Rate QoQ Adv 0.3%
2018-02-28 02:00 PM GDP Growth Rate QoQ Final 0.3%
2018-04-27 01:00 PM GDP Growth Rate QoQ Adv


Belgium GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.50 15.80 -2.10 percent [+]
GDP Annual Growth Rate 1.70 1.50 19.40 -3.80 percent [+]
GDP 466.37 454.99 531.75 11.66 USD Billion [+]
GDP Constant Prices 106043.00 104418.00 106043.00 71016.00 EUR Million [+]
Gross National Product 111306.00 106969.00 111306.00 21890.00 EUR Million [+]
Gross Fixed Capital Formation 25050.00 24929.00 25063.00 6663.00 EUR Million [+]
GDP per capita 45308.24 45067.83 45308.24 13170.56 USD [+]
GDP per capita PPP 41945.69 41723.12 41945.69 30701.20 USD [+]
GDP From Agriculture 638.00 712.00 783.00 600.00 EUR Million [+]
GDP From Construction 4587.00 5650.00 5650.00 2771.00 EUR Million [+]
GDP From Manufacturing 15175.00 15779.00 15779.00 10362.00 EUR Million [+]
GDP From Public Administration 13412.00 13769.00 14265.00 10374.00 EUR Million [+]
GDP From Services 18051.00 18351.00 19120.00 14307.00 EUR Million [+]


Belgium GDP Growth Rate

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.50 15.80 -2.10 1980 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17