Belgium GDP Growth Rate

Last Release

Mar 31, 2025

Actual

0.4

Units In

0.2

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
15.8 Mar 1995	-11.6 Jun 2020	0.53 %	1980-2025	National Bank of Belgium

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.

Latest Updates

Belgium’s GDP rose by 0.4% in the three months to March 2025, confirming initial estimates, following a 0.2% increase in the prior period. This marked the strongest quarterly growth in a year, mainly driven by an increase in gross fixed capital formation (0.6% vs 0.4% in Q4). However, private consumption expenditure slowed down (0.6% vs 0.9%), while government spending dropped (-0.1% vs 0.7%). On net demand, exports (-0.4% vs 0%) decreased less than imports (-0.5% vs 0.3%). Compared to the same period last year, the GDP expanded by 1.1%.