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Belgium
Most recent publications on Belgium:
Inflation shocks with real impact
03-06-2022
Inflation shocks with real impact
Overhang effect masks 'real' growth of Belgian economy
18-05-2022
Overhang effect masks 'real' growth of Belgian economy
US housing market: rising prices meet rising rates
11.05.2022
US housing market: rising prices meet rising rates
Less exuberant housing market after peak year 2021
28.04.2022
Less exuberant housing market after peak year 2021
Non-existent bankruptcy wave on the way after all?
21.04.2022
Non-existent bankruptcy wave on the way after all?
Is the affordability of Belgian real estate under threat?
11.04.2022
Is the affordability of Belgian real estate under threat?
Uneven regional recovery in 2021 from the 2020 Covid-19 trough
10.03.2022
Uneven regional recovery in 2021 from the 2020 Covid-19 trough
Belgium can still step up a gear in sustainability
26.01.2022
Belgium can still step up a gear in sustainability
Getting rid of vacant commercial premises in Belgium
12-10-2021
Getting rid of vacant commercial premises in Belgium
Regional public finances in Belgium on an unsustainable path
29.09.2021
Regional public finances in Belgium on an unsustainable path
Construction costs push up prices of new and existing dwellings
16.09.2021
Construction costs push up prices of new and existing dwellings
ECONOMIC POLICY IN BELGIUM (1960–2021)
02.07.2021
ECONOMIC POLICY IN BELGIUM (1960–2021)
More than ever, let’s take care of what’s on our plates
10.05.2021
More than ever, let’s take care of what’s on our plates
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Forecasts for the Belgian economy
National accounts (real yearly change, in %)
2021
2022
2023
Private consumption
6.4
3.6
1.2
Public consumption
4.4
1.4
1.5
Investment in fixed capital
7.8
0.2
2.9
Corporate investment
8.0
0.7
3.3
Public investment
2.6
-11.0
2.5
Residential building investment
10.0
4.4
1.7
Final domestic demand (excl. changes in inventories)
6.3
2.2
1.7
Change in inventories (contribution to growth)
-0.5
0.7
0.0
Exports of goods and services
9.6
1.8
2.2
Imports of goods and services
9.1
2.7
3.3
Gross domestic product (GDP)
6.2
2.1
0.8
Household disposable income
1.8
0.1
1.5
Household savings rate (% of disposable income)
16.4
13.7
14.0
Equilibrium indicators
2021
2022
2023
Inflation (average yearly change, in %)
Consumer prices (harmonised CPI)
3.2
8.7
3.4
Health index (national CPI)
2.0
8.2
3.8
Labour market
Domestic employment (yearly change, in '000, year end)
109.0
50.1
30.0
Unemployment rate (in % of labour force, end of year, Eurostat definition)
5.7
5.9
6.1
Public finances (in % of GDP, on unchanged policy)
Overall balance
-5.5
-4.7
-4.9
Public debt
108.2
105.6
108.3
Current account balance (in % of GDP)
-0.4
-2.4
-2.4
House prices (average yearly change in %, existing and new dwellings, Eurostat definition)
7.1
4.5
2.5
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