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Belgium

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Belgium

Most recent publications on Belgium:

Residential renovations in Belgium: at the current pace we won't make it

Residential renovations in Belgium: at the current pace we won't make it

Belgian regional public finances 2010-2024 mapped out

Belgian regional public finances 2010-2024 mapped out
Belgian labour market experiences weaker period but no dramatic deterioration

Belgian labour market experiences weaker period but no dramatic deterioration
Regional economic growth in Belgium: looking back at 2024 and forecast 2025-2026

Regional economic growth in Belgium: looking back at 2024 and forecast 2025-2026

Belgian housing market revives after cooling but outlook remains subdued

Belgian housing market revives after cooling but outlook remains subdued
A macroeconomic look at Belgian industry

A macroeconomic look at Belgian industry

(Not) finding the house of your dreams

(Not) finding the house of your dreams
Cooling Belgian housing market will soften, but outlook remains subdued

Cooling Belgian housing market will soften, but outlook remains subdued

Brussels is middle of the pack in comparison to European cities

Brussels is middle of the pack in comparison to European cities
Socio-demographic trends are changing Belgian housing market

Socio-demographic trends are changing Belgian housing market

Headwinds mount on Belgian housing market

Headwinds mount on Belgian housing market

Growth rate has likely been fairly even across the three regions in 2022

Growth rate has likely been fairly even across the three regions in 2022
Belgium still has some way to go on sustainability

Belgium still has some way to go on sustainability
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Forecasts for the Belgian economy

National accounts (real yearly change, in %)

       202520262027
Private consumption1.71.01.3
Public consumption1.41.10.5
Investment in fixed capital-0.43.33.4
Corporate investment2.84.13.2
Public investment-4.53.17.0
Residential building investment-8.40.01.9
Final domestic demand (excl. changes in inventories)1.21.61.6
Change in inventories (contribution to growth)0.20.00.0
Exports of goods and services-0.3-1.10.6
Imports of goods and services0.0-0.51.0
    
Gross domestic product (GDP)1.01.11.3
    
Household disposable income0.90.71.0
Household savings rate (% of disposable income)12.211.811.6
        9/2/2026

Equilibrium indicators 

       202520262027
Inflation (average yearly change, in %)   
Consumer prices (harmonised CPI)3.01.92.0
Health index (national CPI)2.61.92.1
    
Labour market   
Domestic employment (yearly change, in '000, year end)19.630.040.0
Unemployment rate (in % of labour force, end of year, Eurostat definition)6.46.26.0
    
Public finances (in % of GDP, on unchanged policy)   
Overall balance-5.3-5.5-4.9
Public debt106.9109.0110.8
    
Current account balance (in % of GDP)-1.1-1.3-1.5
    
House prices (average yearly change in %, existing and new dwellings, Eurostat definition)3.33.43.2
        9/2/2026