Markets Actual Q2 Q3 Q4 Q1 2021
Currency 1.11 1.11 1.11 1.1 1.1 1.09
Stock Market (points) 3268.03 3132 3062 2994 2928 2795
Government Bond 10Y (%) 0.03 0 0 0 0 0

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -3.60 -10.3 8.5 1.8 1.2 0.3
GDP Annual Growth Rate (%) -2.50 -12.8 -5.8 -3.7 2.2 3.2
Unemployment Rate (%) 5.30 6.3 6.9 7.2 7.5 6.5
Inflation Rate (%) 0.48 1.6 1.5 1.6 1.6 1.5
Inflation Rate Mom (%) 0.07 0.1 0.1 0.3 0.3 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 1738.80 1000 550 1090 200 1090
Current Account (EUR Million) -2003.00 0 0 -280 -280 -460
Current Account to GDP (%) -1.20 -0.3 -0.3 -0.3 -0.5 -0.5
Government Debt to GDP (%) 98.60 105 105 105 107 107
Government Budget (% of GDP) -1.90 -7.8 -7.8 -7.8 -5.6 -5.6
Business Confidence (points) -34.40 -28 -26 -20 -17 -12
Consumer Confidence (points) -23.00 -25 -22 -16 -13 -8
Retail Sales MoM (%) -5.50 0.4 0.3 0.4 0.4 0.3
Corporate Tax Rate (%) 29.00 29 29 29 29 29
Personal Income Tax Rate (%) 53.70 53.7 53.7 53.7 53.7 53.7

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -3.60 -10.3 8.5 1.8 1.2 0.3
GDP Annual Growth Rate (%) -2.50 -12.8 -5.8 -3.7 2.2 3.2
GDP (USD Billion) 532.00 551 551 551 572 572
GDP Constant Prices (EUR Million) 107561.00 105913 108978 107444 114027 110882
Gross National Product (EUR Million) 117111.80 118983 115767 112779 119688 116388
Gross Fixed Capital Formation (EUR Million) 26141.00 25795 26540 26081 27679 26916
GDP per capita (USD) 46683.20 47400 47400 47400 47900 47900
GDP per capita PPP (USD) 43217.95 43500 43500 43500 41954 42685
GDP From Agriculture (EUR Million) 333.00 444 437 262 278 270
GDP From Construction (EUR Million) 4896.00 5324 4888 5590 5933 5769
GDP From Manufacturing (EUR Million) 15374.00 14941 14937 15291 16228 15781
GDP From Public Administration (EUR Million) 13901.00 13806 13047 14302 15178 14759
GDP From Services (EUR Million) 17090.00 18195 17833 18548 19685 19142

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 5.30 6.3 6.9 7.2 7.5 6.5
Labour Costs (points) 107.80 107 108 107 107 109
Wage Growth (%) 3.40 1 1.3 1.4 1.4 1.2
Minimum Wages (EUR/Month) 1593.81 1595 1595 1595 1595 1615
Population (Million) 11.46 11.53 11.53 11.53 11.59 11.59
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Living Wage Family (EUR/Month) 1580.00 1596 1601 1602 1602 1621
Living Wage Individual (EUR/Month) 1090.00 1101 1104 1105 1105 1119
Wages High Skilled (EUR/Month) 3050.00 3081 3090 3093 3093 3130
Wages In Manufacturing (points) 129.20 115 98.87 98.97 98.97 100
Wages Low Skilled (EUR/Month) 1890.00 1909 1915 1916 1916 1939

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 0.48 1.6 1.5 1.6 1.6 1.5
Inflation Rate Mom (%) 0.07 0.1 0.1 0.3 0.3 0.4
Consumer Price Index CPI (points) 109.45 111 110 111 111 112
Core Consumer Prices (points) 107.74 108 108 109 110 111
Core Inflation Rate (%) 1.30 1.7 1.5 1.7 1.7 1.8
Producer Prices (points) 110.70 114 116 119 116 121
Food Inflation (%) 3.97 1.2 1.2 1.4 1.4 1.7
Harmonised Consumer Prices (points) 108.12 110 109 110 110 112
Producer Prices Change (%) -5.90 -2 -0.5 0.5 2.5 2.2
CPI Transportation (points) 104.86 109 109 110 108 112

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.33 -0.42 -0.42 -0.42 -0.42 -0.42

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (EUR Million) 1738.80 1000 550 1090 200 1090
Current Account (EUR Million) -2003.00 0 0 -280 -280 -460
Current Account to GDP (%) -1.20 -0.3 -0.3 -0.3 -0.5 -0.5
Imports (EUR Million) 29630.70 32500 32250 32900 32900 33100
Exports (EUR Million) 31369.50 33500 32800 33100 33100 33150

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 98.60 105 105 105 107 107
Government Budget (% of GDP) -1.90 -7.8 -7.8 -7.8 -5.6 -5.6
Government Budget Value (EUR Million) -3402.00 2400 2400 2400 2400 3584
Government Spending (EUR Million) 24832.00 24233 24937 24766 26284 25559
Government Spending to GDP (%) 52.20 59.3 59.3 59.3 54.5 54.5

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 29.00 29 29 29 29 29
Personal Income Tax Rate (%) 53.70 53.7 53.7 53.7 53.7 53.7
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 45.57 45.57 45.57 45.57 45.57 45.57
Social Security Rate For Companies (%) 32.50 32.5 32.5 32.5 32.5 32.5
Social Security Rate For Employees (%) 13.07 13.07 13.07 13.07 13.07 13.07

Business Actual Q2 Q3 Q4 Q1 2021
Business Confidence (points) -34.40 -28 -26 -20 -17 -12
Industrial Production (%) -12.60 -14.5 -7.4 -5 3.5 5.2
Industrial Production Mom (%) -12.50 0.1 -0.3 0.4 0.4 0.3

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) -23.00 -25 -22 -16 -13 -8
Retail Sales MoM (%) -5.50 0.4 0.3 0.4 0.4 0.3
Retail Sales YoY (%) -3.10 -1 0.5 0.8 1.2 1.3
Consumer Spending (EUR Million) 53677.00 54306 56033 55290 58677 57059
Disposable Personal Income (EUR Million) 93127.90 95755 91200 89682 95177 92552
Bank Lending Rate (%) 1.58 1.57 1.57 1.57 1.57 1.57
Gasoline Prices (USD/Liter) 1.49 1.24 1.17 1.11 1.06 1.01
Consumer Credit (EUR Thousand) 7556011.00 7353944 7519153 7308586 7756676 7542461


This page has economic forecasts for Belgium including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Belgium economy.