Belgium GDP Growth Rate (YoY)
Belgium's GDP Growth Rate (YoY) slowed to 1.0% in Q2 2025, down from 1.1% in Q1 2025. This represents the lowest rate in four quarters. The slowdown was driven by cooling services and construction sectors, both growing at 0.2% and a contraction in the industrial sector. Exports also declined, partly due to a 12.5% drop in shipments to the United States following new tariffs. Belgium's record low GDP Growth Rate (YoY) was -13.3% in Q2 2020 and record high was 15.5% in Q2 2021.
Quarterly Historical Data (1996-2025)
(in %)Recent Events
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Belgium GDP Growth Rate (YoY) : Definition
Belgium's year-on-year quarterly GDP growth rate shows the change in the country's total economic output compared to the same quarter in the prior year. It is calculated by comparing the current quarter's GDP value to the GDP value from one year earlier. The calculation uses the formula [(Current Quarter GDP - Previous Year Same Quarter GDP) / Previous Year Same Quarter GDP] x 100. Key components contributing to GDP are household consumption, investment, government spending and net exports.