Home News Belgian economy grew by 0.4% in Q1 of 2023

Belgian economy grew by 0.4% in Q1 of 2023


According to the flash estimate, seasonally and calendar adjusted gross domestic product (GDP) grew by 0.4% in volume terms in the first quarter of 2023 compared with the previous quarter. In comparison with a year earlier, the first quarter of 2022, growth came to 1.3%. An initial estimate shows that, in comparison to the previous quarter, value added was down by 0.6% in industry. The services sector continued to report positive growth of 0.7%. Value added rose by 0.4% in the construction industry.

Source: National Bank of Belgium
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