We estimate the 12-month rolling cumulative figure at 3.1% of GDP, up slightly from 3.0% of GDP in August. Gross Domestic Product. Consumer confidence indicator. Keeping up this momentum on structural reforms is key to energise the economy. Following the revision, Belgium's GDP contracted 11.8% in the second quarter compared with a first estimate of a 12.2% decline. Flow of funds, claims and liabilities between sectors. Recent cyclical developments indicate that GDP growth was relatively good in 2018 (+1.5 % year-on-year, compared to +2 % in 2017), thanks to a strong domestic demand (excluding inventories changes) and more precisely, investments. Belgium - GDP growth (annual %) The value for GDP growth (annual %) in Belgium was 1.46 as of 2018. The statistic shows the growth in real GDP in Belgium from 2015 to 2019, with projections up until 2025. Belgium gdp for 2018 was $581.80B, a 0.52% increase from 2018. ... GDP per capita growth (annual %) GDP per capita (constant LCU) GDP per capita (constant 2010 US$) FRED: Download, graph, and track economic data. Find Out . The eurozone's sixth largest member is usually one of the first to report economic growth in a quarter. Latest official GDP figures published by the World Bank. Belgium generates house price and rents statistics of acceptable quality. Wind power plant factory, Szczecin, Poland. Table E.1: Indicators measuring Belgium’s progress towards the SDGs 91 LIST OF GRAPHS Graph 1.1: GDP growth and components 8 Graph 1.2: Potential growth estimates and components 8 Graph 1.3: Changes in merchandise export market share 9 Graph 1.4: Employment growth by occupation, cumulative, thousands 10 Government deficit is estimated at -1.4% of GDP in 2019, and is likely to remain stable in the coming years, but the National Bank of Belgium expects a gradual rise to -2.8% by 2022, driven by the end of some temporary factors related to corporate taxation. The year-on-year change in GDP was -5.1%, 88 -tenths of one percent more than the -13.9% recorded in the second quarter of 2020. This is consistent with the robust GDP growth estimate for 3Q (-1.6% YoY compared to -8.4% in 2Q) and is supportive for the zloty. Harmonised unemployment rate. Belgium GDP Q3 2019. Data. Productivity is a key driver of economic growth and changes in living standards. Unemployement. Belgium gdp for 2018 was $586.09B, a 0.74% increase from 2018. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita Belgium services export is 123,516,171,300 in BoP, current US$ and services import is 123,543,691,510 in Bop, current US$.Belgium exports of goods and services as percentage of GDP is 82.58% and imports of goods and services as percentage of GDP is 82.74%. Belgium: GDP/cap growth, 5 years (%). The five largest contributors to global output contraction are Argentina, Saudi Arabia, Nigeria, the Democratic Republic of the Congo, and Venezuela. View the change in real GDP per Capita in Belgium for the latest year. However, GDP growth was less robust in Belgium than in the European Union (+2 %) or even in the Euro area (+1.9 %). Belgium gdp for 2018 was $578.80B, a 0.93% increase from 2018. This rate is 225 -tenths of one percent higher than the figure of -11.8% published in the first quarter of 2020. GDP international comparison. Belgium Economic Growth GDP is seen recovering next year as decreasing uncertainty stemming from the formation of a new government, and the lessening impact of the pandemic, should lead to a recovery in investment and private consumption. Economic growth has been steady, but remains below average euro area levels, and productivity growth has stagnated. ... GDP growth. “In the first quarter of the year we have had a growth of 0.2 percent. Belgium (BEL) , GDP growth (annual %) indicators data for years 2004 to 2008 Try our corporate solution for free! Its overall score has increased by 1.6 points, led by an increase in the government integrity score. GDP fell 5.2% on year in the third quarter on a calendar and price-adjusted basis, the National Bank of Belgium said. As the graph below shows, over the past 57 years this indicator reached a maximum value of 6.96 in 1964 and a minimum value of -2.02 in 2009. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Financial account of Belgium. Belgium's accumulated public debt remains high at 99% of 2009 GDP. New transactions by sector. At exchange rates, the global economic output expanded by US$11.5 trillion from 1980 to 1990. GDP growth (annual %) World Bank national accounts data, and OECD National Accounts data files. Real GDP Growth YoY data in Belgium is updated quarterly, available from Mar 1996 to Sep 2020, with an average rate of 1.8 %. Value & Rank The GDP growth rate of Belgium is 0.10 (%) with a global rank of 189. Though Belgium real GDP growth fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 1.4 % in 2019. Business survey: synthetic curve. Data Briefs. Lists of economies by incremental GDP from 1980 to 2010 1980 – 1990 – The European Economic Community, the United States and Japan lead expansion. Belgium. Strong merchandise export growth accompanied by a revival in imports The latest comprehensive information for - Belgium GDP Growth Rate - including latest news, historical data table, charts and more. Labour productivity growth implies a higher level of output for unit of labour input (hours worked or persons employed). Belgium - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2020. Belgium Real GDP Growth is at 1.30%, compared to 1.60% last quarter and 1.50% last year. (212) 419-8286. hadley.ward@statista.com. Financial accounts of Belgium. Belgium Economic forecast for Belgium The Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). GDP per capita, PPP (current international $) - Belgium from The World Bank: Data. Belgium gdp for 2018 was $573.48B, a 0.5% increase from 2017. Population figures based on United Nations data. The Gross Domestic Product (GDP) in Belgium contracted 4.5 % YoY in Sep 2020, following a negative growth of 13.9 % in the previous quarter. 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2020 belgium gdp growth