Name: Belgium GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Belgium,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

The Gross Domestic Product (GDP) in Belgium expanded 1.10 percent in the fourth quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Belgium averaged 2.22 percent from 1981 until 2024, reaching an all time high of 19.40 percent in the first quarter of 1995 and a record low of -13.30 percent in the second quarter of 2020. source: National Bank of Belgium

GDP Annual Growth Rate in Belgium is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium GDP Annual Growth Rate is projected to trend around 1.80 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 Growth Rate YoY	1.10	1.20	percent	Dec 2024
GDP Constant Prices	131481.30	131060.00	EUR Million	Sep 2024
GDP from Agriculture	873.60	882.60	EUR Million	Sep 2024
GDP from Construction	5969.50	5960.40	EUR Million	Sep 2024
GDP from Manufacturing	16419.80	16875.60	EUR Million	Sep 2024
GDP from Public Administration	17145.30	16984.30	EUR Million	Sep 2024
GDP from Services	22401.60	22496.80	EUR Million	Sep 2024
GDP Growth Rate	0.20	0.30	percent	Dec 2024
Gross Fixed Capital Formation	30919.50	31561.60	EUR Million	Sep 2024
Gross National Product	151101.80	157436.70	EUR Million	Sep 2024

Belgium GDP Annual Growth Rate

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.