In 2023, consumer goods nominal expenditure in Belgium stood at X% of GDP. Forecasted data indicates a slight decline over the next five years. In 2024, expenditure is expected to be 23% of GDP. This will slightly decrease to 22.9% in both 2025 and 2026, and further to 22.8% in 2027 and 2028.
The year-on-year variation shows minimal changes, with a 0.43% decrease from 2024 to 2025 and no variation from 2025 to 2026. The same trend follows for 2026 to 2027 and 2027 to 2028 with a 0.43% decrease each year. The compound annual growth rate (CAGR) over the five-year period is negative, indicating a sustained slight decline in consumer goods expenditure as a percentage of GDP.
Future trends to watch for include:
- Impact of inflation or deflation on consumer purchasing power.
- Economic policies that may stimulate or constrain consumer spending.
- Technological advancements impacting consumer behavior and expenditure patterns.
- Broader economic conditions both in Belgium and globally, influencing consumer confidence and spending capacity.