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Summary tabel of forecasts

2014    2013    2012    2011    2010    2009 REAL GDP (calendar adjusted data, except for forecasts EC and BPN )1               Belgium               Final private consumption               forecast NBB1 n. 0.0 -0.7 0.8 1.4 -1.7   forecast EC 1.2 0.0 -0.6 1.2 1.4 -1.0   forecast OECD 1.2 0.4 -0.6 1.0 1.5 -1.7   Final public consumption               forecast NBB1 n. 1.5 0.1 1.1 1.1 1.6   forecast EC 0.7 0.3 0.1 0.6 1.4 1.8   forecast OECD 0.9 1.3 0.3 0.5 1.1 1.7   Gross fixed capital formation               forecast NBB1 n. -1.3 -0.4 4.9 -1.8 -4.2   forecast EC 1.6 -1.6 -0.3 5.7 -1.1 -4.0   forecast OECD 2.3 0.3 0.1 4.6 -1.7 -3.8   Domestic demand (including changes in stocks)               forecast NBB1 n. 0.0 -0.7 2.1 0.1 -3.0   forecast EC 1.1 -0.4 -0.5 2.1 1.0 -2.0   forecast OECD 1.3 0.5 -0.4 2.2 1.5 -2.3   Exports of goods and services               forecast NBB1 n. 0.6 0.7 5.1 10.0 -12.6   forecast EC 3.3 0.8 0.8 5.1 9.6 -15.7   forecast OECD 4.9 2.0 0.1 6.1 10.1 -12.7   Imports of goods and services               forecast NBB1 n. 0.4 0.2 5.5 7.7 -12.8   forecast EC 3.3 0.2 0.3 5.2 8.5 -14.8   forecast OECD 4.7 1.9 -0.1 6.5 9.1 -12.0   GDP               forecast NBB1 n. 0.0 -0.2 1.9 2.0 -3.0   forecast EC 1.2 0.0 -0.2 2.2 2.0 -2.9   forecast OECD 1.6 0.5 -0.1 2.0 2.1 -3.1   forecast BPN (Belgian Prime News) 1.2 0.3 -0.1 1.9 2.1 -3.0   International comparison of GDP               Euro area2               forecast ECB 0.0-2.0 -0.9--0.1 -0.6--0.4 1.5 1.7 -4.0   forecast EC 1.2 -0.4 -0.6 1.5 1.7 -4.0   forecast OECD 1.3 -0.1 -0.4 1.6 1.7 -4.0   forecast BPN (Belgian Prime News) 0.9 -0.2 -0.4 1.6 1.6 -4.1   EU-27               forecast EC 1.4 -0.1 -0.3 1.6 1.8 -4.1   forecast OECD n. n. n. n. n. n. CONSUMER PRICES               Belgium               HICP               forecast NBB1 n. 1.6 2.6 3.5 2.3 0.0   forecast EC 1.6 1.3 2.6 3.5 2.3 0.0   forecast OECD 1.6 1.8 2.6 3.4 2.1 -0.1   forecast BPN (Belgian Prime News) 1.7 1.5 2.6 3.5 2.3 0.0   National general index               forecast OECD n. n. n. n. 2.2 -0.1   National health index               forecast NBB1 n. 1.7 2.7 3.1 1.7 0.6   International comparison of HICP               Euro area2               forecast ECB 0.6-2.0 1.2-2.0 2.5 2.7 1.6 0.3   forecast EC 1.5 1.6 2.5 2.6 1.5 0.3   forecast OECD 1.2 1.6 2.4 2.6 1.5 0.2   forecast BPN (Belgian Prime News) 1.6 1.8 2.5 2.7 1.6 0.3   EU-27               forecast EC 1.7 1.8 2.6 3.0 2.0 1.0   forecast OECD n. n. n. n. n. n. LABOUR COSTS IN THE PRIVATE SECTOR               Belgium               Labour costs per hour worked               forecast NBB1 n. 2.0 3.2 2.7 0.6 3.4   forecast EC n. n. n. n. n. n.   forecast OECD n. n. n. n. n. n.   Unit labour costs               forecast NBB1 n. 1.8 3.8 2.5 -0.2 4.6   forecast EC 0.5 2.4 3.8 2.0 -0.1 2.8   forecast OECD n. n. n. n. 4.7 3.8   International comparison               Labour costs per hour worked (according to CCE)               Belgium               forecast NBB1 n. n. n. n. n. n.   forecast OECD n. n. 2.9 3.4 1.0 2.5   Three main neighbouring countries (FR,DE,NL)               forecast NBB1 n. n. n. n. n. n.   forecast OECD n. n. 2.4 3.0 1.7 2.2   Unit labour costs               Euro area2               forecast EC (for the whole economy) 0.8 1.4 1.3 1.0 -0.6 3.4   forecast OECD 0.5 1.1 1.2 n. -0.7 3.8   EU-27               forecast EC (for the whole economy) 1.1 1.6 1.8 1.3 -0.4 3.6   forecast OECD n. n. n. n. n. n. LABOUR MARKET               Belgium               Total employment               forecast NBB1 n. -0.3 0.2 1.2 0.6 -0.4   forecast EC 0.6 0.1 0.2 1.2 0.4 -0.8   forecast OECD n. n. n. n. n. -0.6   forecast BPN (Belgian Prime News) 0.5 -0.1 0.2 1.2 0.6 -0.5   Unemployment               forecast NBB1 n. n. 2.5 -3.7 2.3 10.1   forecast EC 0.6 5.9 3.5 -8.1 10.1 17.7   forecast OECD n. n. n. n. n. 13.9   Total employment (annual changes in thousands)               forecast NBB1 n. -14.9 6.5 55.8 28.1 -16.4   forecast EC 28.3 5.3 9.0 53.7 14.8 -37.4   forecast OECD n. n. n. n. n. -26.1   Unemployment (annual changes in thousands)               forecast NBB1 n. n. 13.8 -20.7 12.6 50.4   forecast EC 2.3 21.6 12.0 -32.7 38.4 59.0   forecast OECD n. n. n. n. n. 47.5   Harmonised unemployment rate (seasonally adjusted, annual averages in percentages of labour force)               Belgium               forecast NBB1 n. 8.1 7.4 7.3 8.4 7.9   forecast EC 8.0 8.0 7.3 7.6 8.6 8.2   forecast OECD 7.7 7.7 7.4 7.0 8.6 7.9   forecast BPN (Belgian Prime News) 7.7 7.8 7.5 7.3 8.5     Euro area2               forecast EC 12.1 12.2 11.4 10.0 10.1 9.5   forecast OECD 12.0 11.9 11.1 9.9 9.9 9.4   EU-27               forecast EC 11.1 11.1 10.5 9.7 9.6 9.1   forecast OECD n. n. n. n. n. n. GENERAL GOVERNMENT (EDP definition except forecasts OECD, in percentages of GDP)               Belgium               Primary balance               forecast NBB1 n. n. 0.5 -0.7 -1.2 -2.3   forecast EC 0.1 0.3 0.5 -0.3 -1.3 -2.0   forecast OECD n. n. n. n. n. -2.1   forecast BPN (Belgian Prime News) n. n. n. -0.7 -0.8 -2.3   Overall balance               forecast NBB1 n. n. -3.0 -4.0 -4.6 -6.0   forecast EC -3.1 -2.9 -3.0 -3.6 -4.8 -5.9   forecast OECD -1.7 -2.3 -2.8 -3.5 -4.9 -5.7   forecast BPN (Belgian Prime News) -1.8 -2.4 -3.0 -4.0 -4.6 -6.0   Gross debt               forecast NBB1 n. n. 99.6 98.6 97.5 96.8   forecast EC 102.1 101.4 99.8 97.2 98.6 97.2   forecast OECD 97.7 98.7 99.0 96.3 100.7 97.6   forecast BPN (Belgian Prime News) 98.8 99.8 99.9 98.6 97.7 97.8   International comparison of overall balance               Euro area2               forecast EC -2.8 -2.9 -3.5 -4.1 -6.3 -6.4   forecast OECD -2.6 -2.8 -3.3 -4.0 -6.3 -6.1   EU-27               forecast EC -3.2 -3.4 -3.8 -4.7 -6.8 -6.9   forecast OECD n. n. n. n. n. n. CURRENT ACCOUNT (in percentages of GDP)               Belgium               forecast NBB1 n. -0.9 -0.6 0.2 1.5 0.5   forecast EC 1.4 1.4 1.5 2.4 1.7 0.6   forecast OECD -1.3 -1.4 -1.3 -0.5 1.0 -0.8   forecast BPN (Belgian Prime News) -0.3 -0.5 -0.3 0.2 n. -0.1   Euro area2               forecast EC 2.7 2.5 1.5 -0.1 -0.5 -0.7   forecast OECD 2.2 1.9 1.4 0.1 -0.2 -0.6   EU-27               forecast EC 1.9 1.6 0.7 -0.3 -0.5 -0.7   forecast OECD n. n. n. n. n. n. 1 This forecast from the NBB dates from February 2013 (Annual report) for the year 2012 and December 2012 (Economic Review) for the year 2013 (next update June 2013). Users should be aware that estimates of this kind can sometimes be out of date owing to changes in the information available. The older the estimates, the greater this risk becomes. Publication of the estimate on this website therefore simply means that it is the latest estimate released by the NBB. 2 Euro area = EA-17, except the OECD forecasts   Sources : NBB, OECD, EC, ECB

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