Financial News: Belgium Q1 Economic Growth Confirmed At 0.2%

Belgium Q1 Economic Growth Confirmed At 0.2%

05/29/2026 - 10:11:00 (RTTNews)

(RTTNews) - Belgium's economy grew at a slightly faster pace in the first quarter of 2026, as estimated initially, the latest data from the National Bank of Belgium showed on Friday.

Gross domestic product grew seasonally and calendar-adjusted 0.2 percent sequentially in the first quarter, following a 0.1 percent increase in the fourth quarter. The economy has been expanding since the fourth quarter of 2023.

The value added in the construction sector advanced 0.5 percent compared to the previous quarter, and that in services grew 0.3 percent. Meanwhile, the industrial sector logged a contraction of 0.2 percent.

On the expenditure side, private consumption advanced 0.6 percent, while general government expenditure dropped 0.5 percent. Gross fixed capital formation was 0.3 percent higher, and both exports and imports grew by 2.8 percent and 2.6 percent, respectively, thereby resulting in a favorable net foreign demand.

The annual economic growth moderated to 0.8 percent in the first quarter from 0.9 percent in the final quarter of 2025, as estimated.

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