FX.co ★ Belgium Q1 GDP Growth Confirmed at 0.4%

Belgium's Gross Domestic Product (GDP) increased by 0.4% during the first quarter of 2025, confirming preliminary estimates. This follows a 0.2% rise in the previous quarter and marks the most robust quarterly growth observed in a year. The uptick was primarily attributed to a rise in gross fixed capital formation, which advanced by 0.6% compared to 0.4% in the prior quarter. However, there was a deceleration in private consumption expenditure, which grew by 0.6% compared to 0.9% previously, while government spending declined, dropping by 0.1% following a 0.7% increase in the preceding quarter. In terms of net demand, exports decreased by 0.4%, a smaller decline than that of imports, which fell by 0.5% compared to a 0.3% increase earlier. When measured against the same period the previous year, GDP grew by 1.1%.