Gross domestic product (GDP) in Belgium 2014-2019

The most common indicator to assess the state of a country's economy is the gross domestic product (GDP). The total value of goods and services produced in Belgium in the third quarter of 2019 reached 114.6 billion euros. The health of Belgium's economy can be analyzed by comparing its GDP over time. In 2018, this measure of consumption and investments made Belgium the 11th biggest economy in Europe.

In the third-quarter of 2019, Belgium’s GDP reached over 114 billion euros.

Compared to the second quarter of 2019, where the GDP reached over 119 billion euros, the third quarter of 2019 produced a lower GDP. However, in comparison to previous years in Belgium, 2019 had the highest third-quarter GDP. This comes as no surprise, knowing that Belgium's GDP in current prices increased every year.

Economic growth in Belgium

From 2014 to 2019, the quarterly GDP in Belgium was at its lowest in the first quarter of 2014 where it fell to 96 billion euros. On the other hand, the Belgian GDP was at its highest in the second quarter of 2019 where it reached over 119 billion euros. Nonetheless, Belgium's GDP growth rate in 2019 has yet to be calculated to evaluate how well the Belgian economy is growing.

Gross domestic product (GDP) in current prices in Belgium from 1st quarter 2014 to 3d quarter 2019 (in million euros)*

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Source

Release date

February 2020

Region

Belgium

Survey time period

Q1 2014 to Q3 2019

Supplementary notes

* The numbers provided are gross data.

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Statistics on "Key economic indicators in Belgium"

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