National Accounts Institute | |||
2025-04-29 | |||
PRESS RELEASE | |||
Links: | Infographics | NBB.Stat | General information |
Belgian economy grew by 0.4% in the first quarter of 2025
According to the flash estimate, real GDP, adjusted for seasonal and calendar effects, was up 0.4% in the first quarter of 2025 from the previous quarter. The year-on-year growth rate came in at 1.1%.
An initial estimate shows that, in comparison to the previous quarter, value added remained stable in industry. In the construction sector, value added climbed 0.9%. In the services sector, activity increased by 0.4%.
GDP, REAL QUARTERLY GROWTH (data adjusted for seasonal and calendar effects) | ||
Percentage change compared with the | ||
corresponding quarter of the previous year | previous quarter | |
2023 I | 2.5 | 0.2 |
II | 1.3 | 0.1 |
III | 0.5 | 0.0 |
IV | 0.6 | 0.3 |
2024 I | 0.8 | 0.4 |
II | 1.0 | 0.3 |
III | 1.2 | 0.3 |
IV | 1.1 | 0.2 |
2025 I | 1.1 | 0.4 |
15
10
5
0
−5
−10
−15
Real GDP growth
(percentage change compared with the corresponding quarter of the previous year)
2020 2021 2022 2023 2024 2025
'Flash' estimate
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