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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BelgiumBelgium GDP Growth Rate YoY fell to 0.5% in April 2026
FMPQuarterlyReleased July 2026
Belgium GDP Growth Rate YoY fell to 0.5% in April 2026, released July 2026, down 0.3% from March's 0.8% reading. The reading missed the 0.7% consensus by 0.2%. The print is running well below the 12-month average of 1.02%. GDP Growth Rate YoY is now the lowest in 59 months.
Latest Release
0.5
Actual
0.7
Consensus
0.8
Previous
Median Absolute Error
±0.1 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.7
Actual: 0.5
Error: +0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.63 | COMMODITIES | Moves with | → View |
| GBP/USD | ▼ Inverse | −0.63 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.36 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate YoY (Belgium) was reported at 0.5% in July 2026. This missed the market consensus of 0.7% by 0.2%. The reading fell from the previous value of 0.8%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.93%, ranging from 0.5% to 1.1% across 7 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.77%, down from the prior three at 1.07%. Volatility over the past year (σ 0.2%) is higher than the prior year (σ 0.06%). In July readings over the past 3 years, GDP Growth Rate YoY has averaged 0.87%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 0.1%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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GDP Growth Rate YoY - BE
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About GDP Growth Rate YoY — Belgium
DEFINITION
The GDP Growth Rate YoY (Year-over-Year) is a key economic indicator that measures the annual change in a country's Gross Domestic Product (GDP). It provides insight into the overall health and performance of an economy, as a higher growth rate indicates a stronger and more robust economy. This indicator is closely monitored by policymakers, investors, and businesses to make informed decisions and assess the current and future economic outlook. A positive GDP Growth Rate YoY is generally seen as a positive sign of economic growth and stability, while a negative growth rate may indicate a slowdown or recession.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 0.5 %, consensus 0.7 %. Prior reading (Jan 2026): 0.8 %. Before that (Jan 2026): 0.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.63) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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Economic Calendar - BE Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:30 | BE | Producer Price Index YoY | 9.1 | 9.7 | 9.5 | 9.30 | Low |