Belgium Full Year GDP GrowthBelgium Full Year GDP GrowthBelgium Full Year GDP Growth

Belgium Full Year GDP Growth

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Key data points


Last release
Observation period
2023
Next release
Forecast
Highest
6.90% on Dec 31, 2021
Lowest
−5.30% on Dec 31, 2020

About Belgium Full Year GDP Growth


Category
GDP
Frequency
Annual
Units
%
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.