The statistic shows the growth in real GDP in Belgium from 2015 to 2019, with projections up until 2025. Domestic demand will be the main driver of growth. Belgium recorded a government debt equivalent to 98.60 percent of the country's Gross Domestic Product in 2019. Unemployment stood at 7.3%, however the unemployment rate is lower in Flanders than Wallonia, 4.4% compared to 9.4%, because of … Belgium GDP (Gross Domestic Product) was INT$482.95billion for 2019 … The Gross Domestic Product (GDP) in Belgium was worth 529.61 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Visible are the Republic of Ireland (top leftmost), the United Kingdom (top left), France (middle left), Belgium (middle), the Netherlands (top middle), Germany (right), Denmark (top right), Luxembourg (between France, Germany, and Belgium), Switzerland (bottom … As regards the near-term growth prospects for Belgium, the National Accounts Institute (NAI) forecasts a deceleration in GDP growth to 1.1 % in 2019, after 1.5 % registered in 2018. GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. In our first edition of 2019, we look ahead to the trends we expect to come to the fore in the global economy in the year to come. Belgium - Gross domestic product in constant prices growth rate 1.4 (%) in 2019 In 2019, real GDP growth for Belgium was 1.4 %. ... 2019: 247,877 2018: 240,154 Series Information. Top Losers in 2019: Out of 193 economies estimated by IMF, GDP of 72 economies has decreased in 2019 compare to 2018. GDP per capita in Belgium averaged 31659.31 USD from 1960 until 2019, reaching an all time high of 47540.90 USD in 2019 and a record low of … The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. source: World Bank 10Y 25Y FRED: Download, graph, and track economic data. Agriculture contributes a small amount of the national GDP (0.4%, World Bank 2019) to the Belgian economy, mainly sugar beets, vegetables and fruits, meat and milk, and employs 1% of the active population. Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless. Direct access to our calendar releases and historical data. Belgium switched from the Belgian franc to the Euro as its currency after 1 January 2002. In 2019, the gross domestic product (GDP) of the European Union (EU) stood at around €13 900 billion at current prices. All rights reserved. The GDP value of Belgium represents 0.44 percent of the world economy. For example, Belgium’s Exports rank is higher than (please wait...) of the countries in the dataset. All rights reserved.Terms & Conditions. Publish your articles and forecasts in our website. We expect real GDP to contract in 2020, owing to the economic fallout caused by the outbreak of the novel coronavirus and a recovery to annual growth in 2021. The Trading Economics Application Programming Interface (API) provides direct access to our data. However, due to restrictions implemented across the world in 2020 to slow down the rapid spread of COVID-19, GDP is now … We have identified three themes for 2019: Global growth will slow. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. October 30, 2019 The economy grew 0.4% quarter-on-quarter in seasonally-adjusted terms in the third quarter, according to a first estimate released by the National Bank of Belgium (NBB) on 30 October, up from the upwardly revised 0.3% qoq s.a. expansion recorded in the second quarter (previously reported: +0.2% … Belgium Q3 GDP Rebounds More than Initially Thought, Belgium Inflation Rate Drops to 6-Month Low in November, Belgium Business Morale Drops Back to 4-Month Low, Belgium Consumer Confidence Improves in November, Belgium Current Account Balance Swings to Surplus in Q2, Belgium Producer Price Deflation Eases in August, Belgium Construction Output Falls the Most since 1993, Belgium Industrial Output Rises the Most Since 2010, Belgium Posts Smallest Trade Surplus in 5 Months, Oil Rallies after OPEC Announce Production Cut, Uruguay Inflation Rate Eases to 8-Month Low, Armenia Inflation Rate Rises to 1.6% in November, South Africa Stocks End at Over 10-Month High. As a result, the Belgian economy is losing momentum for the second year in a row due to the slowdown internationally, added the Bureau. Today, Belgium is a member of the five institutions that form the World Bank Group. The federal government has managed to present balanced budgets in recent years, but public debt remains high, at 99% of 2009 GDP. Data source is International Monetary Fund World Economic Outlook (October-2018). Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. … In 2008, the per capita income (PPP) was $37,500. The latest OECD Economic Survey of Belgium notes that robust job creation, albeit mostly in low-wage industries, has led to the unemployment rate falling to a historic low. GDP per capita is gross domestic product divided by midyear population. Belgium: Economy recovers in Q3, but is likely to face headwinds in Q4. With 44.6% of the land used for agriculture, in 2019 the agricultural industry's turnover increased by 6.2% (Statbel data). The gross domestic product (GDP) measures of national income and output for a given country's economy. In 2019, GDP per capita for Belgium was 46,237 US dollars. … Belgium gdp growth rate for 2018 was 1.49% , a 0.42% decline from 2017. OECD Economic Surveys: Belgium 2020 Publication (2020) International Trade by Commodity Statistics, Volume 2019 Issue 3 Publication (2019) Belgium gdp growth rate for 2017 was 1.90% , a 0.43% increase from 2016. The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. Its overall score has increased by 1.6 points, led by an increase in the government integrity score. The economy rebounded in the third quarter, growing 10.7% on a seasonally-adjusted quarter-on-quarter basis, after falling 11.8% in Q2 at the height of the pandemic. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. {"2005":40765975.22, "2006":41852935.29, "2007":43059658.17, "2008":43483873.88, "2009":42276603.86, "2010":43299986.28, "2011":44072523.34, "2012":44139072.85, "2013":44227351.00, "2014":44742996.74, "2015":45511234.00, "2016":46188896.27, "2017":46970874.29, "2018":47644436.62, "2019":48294783.18}, [{"1871":24.16, "1872":25.63, "1873":25.80, "1874":26.65, "1875":26.60, "1876":26.94, "1877":27.28, "1878":28.07, "1879":28.35, "1880":29.77, "1881":30.17, "1882":31.19, "1883":31.64, "1884":31.93, "1885":32.32, "1886":32.72, "1887":33.97, "1888":34.19, "1889":35.84, "1890":36.63, "1891":36.69, "1892":37.60, "1893":38.16, "1894":38.73, "1895":39.64, "1896":40.43, "1897":41.17, "1898":41.85, "1899":42.70, "1900":43.95, "1901":44.35, "1902":45.25, "1903":46.27, "1904":47.46, "1905":48.83, "1906":49.85, "1907":50.58, "1908":51.09, "1909":52.06, "1910":53.42, "1911":54.67, "1912":55.97, "1913":56.71, "1914":53.12, "1915":52.48, "1916":55.52, "1917":47.68, "1918":38.42, "1919":45.33, "1920":52.45, "1921":53.36, "1922":58.58, "1923":60.68, "1924":62.66, "1925":63.63, "1926":65.78, "1927":68.22, "1928":71.79, "1929":71.17, "1930":70.49, "1931":69.24, "1932":66.12, "1933":67.54, "1934":66.97, "1935":71.11, "1936":71.62, "1937":72.59, "1938":70.94, "1939":75.76, "1940":66.74, "1941":63.23, "1942":57.78, "1943":56.45, "1944":59.77, "1945":63.34, "1946":67.08, "1947":71.11, "1948":75.36, "1949":78.43, "1950":82.73, "1951":87.43, "1952":86.75, "1953":89.53, "1954":93.22, "1955":97.64, "1956":100.48, "1957":102.35, "1958":102.23, "1959":105.47, "1960":109.77, "1961":115.33, "1962":121.45, "1963":126.73, "1964":135.62, "1965":140.35, "1966":144.51, "1967":150.07, "1968":157.02, "1969":166.75, "1970":177.86, "1971":184.54, "1972":194.24, "1973":206.13, "1974":214.79, "1975":211.94, "1976":223.92, "1977":225.32, "1978":231.72, "1979":237.15, "1980":247.77, "1981":247.08, "1982":248.55, "1983":249.32, "1984":255.47, "1985":259.69, "1986":264.42, "1987":270.52, "1988":283.30, "1989":293.13, "1990":302.33, "1991":307.87, "1992":312.58, "1993":309.57, "1994":319.56, "1995":327.18, "1996":331.84, "1997":344.24, "1998":350.88, "1999":363.30, "2000":376.63, "2001":379.67, "2002":384.84, "2003":387.94, "2004":400.64, "2005":407.66, "2006":418.53, "2007":430.60, "2008":434.84, "2009":422.77, "2010":433.00, "2011":440.73, "2012":441.39, "2013":442.27, "2014":447.43, "2015":455.11, "2016":461.89, "2017":469.71, "2018":476.44, "2019":482.95}], {"1971":3.8, "1972":5.3, "1973":6.1, "1974":4.2, "1975":-1.3, "1976":5.7, "1977":0.6, "1978":2.8, "1979":2.3, "1980":4.5, "1981":-0.3, "1982":0.6, "1983":0.3, "1984":2.5, "1985":1.7, "1986":1.8, "1987":2.3, "1988":4.7, "1989":3.5, "1990":3.1, "1991":1.8, "1992":1.5, "1993":-1.0, "1994":3.2, "1995":2.4, "1996":1.4, "1997":3.7, "1998":1.9, "1999":3.5, "2000":3.7, "2001":0.8, "2002":1.4, "2003":0.8, "2004":3.3, "2005":1.8, "2006":2.7, "2007":2.9, "2008":1.0, "2009":-2.8, "2010":2.4, "2011":1.8, "2012":0.2, "2013":0.2, "2014":1.2, "2015":1.7, "2016":1.5, "2017":1.7, "2018":1.4, "2019":1.4}. 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