Economy of Belgium. Statistics, Data and Indicators
Belgium
| 88AA | Credit rank #23 |
| 164.00 | Quality of life #20 |
| 18 | Corruption rank#17 |
| 46 | Ease of doing business#45 |
Belgium Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 600 USD Billion | 2021 |
| GDP Annual Growth Rate | 4.9 % | 1Q/22 |
| GDP Growth Rate | 0.5 % | 1Q/22 |
| GDP per capita | 42787 USD | 2021 |
| Inflation Rate YoY | 9.65 % | Jun/22 |
| Interest Rate | 0 % | Jun/22 |
| Unemployment Rate | 5.5 % | May/22 |
| Wages | 3489 EUR/ Month | 3849.76 USD/Month | 2016 |
| Balance of Trade | -2797 EUR Million | -2.847 B USD | Apr/22 |
| Current Account | -762 EUR Million | -0.776 B USD | 1Q/22 |
| Foreign Exchange Reserves | 38480 EUR Million | 39.173 B USD | May/22 |
| Government Debt | 624295 EUR Million | 635.544 B USD | 1Q/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 600 USD Billion | 2021 |
| GDP Annual Growth Rate | 4.9 % | 1Q/22 |
| GDP Growth Rate | 0.5 % | 1Q/22 |
| GDP per capita | 42787 USD | 2021 |
| Gross National Product | 139386 EUR Million | 141.898 USD Billion | 1Q/22 |
| GDP Constant Prices | 114330 EUR Million | 116.39 B USD | 1Q/22 |
| GDP per capita PPP | 48210 USD | 2020 |
| GDP From Agriculture | 532 EUR Million | 0.542 B USD | 1Q/22 |
| GDP From Construction | 5076 EUR Million | 5.167 B USD | 1Q/22 |
| GDP From Manufacturing | 17481 EUR Million | 17.796 B USD | 1Q/22 |
| GDP From Public Administration | 13852 EUR Million | 14.102 B USD | 1Q/22 |
| GDP From Services | 17951 EUR Million | 18.274 B USD | 1Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 108 % | 2021 |
| Government Budget Value | -42318 EUR Million | -43.081 USD Billion | 2020 |
| Government Spending | 26889 EUR Million | 27.374 USD Billion | 1Q/22 |
| Government Debt | 624295 EUR Million | 635.544 USD Billion | 1Q/22 |
| Government Revenues | 228251 EUR Million | 232.364 USD Billion | 2020 |
| Fiscal Expenditure | 270569 EUR Million | 275.444 B USD | 2020 |
| Government Budget to GDP | -5.5 % | 2021 |
| Government Spending to GDP | 60 % | 2020 |
| Military Expenditure | 5330 USD Million | 5.33 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 122 index points | Jun/22 |
| Export Prices | 173 index points | Mar/22 |
| Food Inflation | 8.6 % | Jun/22 |
| Gasoline Prices | 2.26 USD/Liter | Jun/22 |
| GDP Deflator | 120 index points | 1Q/22 |
| Import Prices | 178 index points | Mar/22 |
| Inflation Rate YoY | 9.65 % | Jun/22 |
| Producer Prices | 176 index points | May/22 |
| Inflation Rate Mom | 0.85 % | Jun/22 |
| Core Consumer Prices | 113 Index Points | Jun/22 |
| Core Inflation Rate | 3.7 % | Jun/22 |
| CPI Housing Utilities | 137 Index Points | Jun/22 |
| CPI Transportation | 127 Index Points | Jun/22 |
| Harmonised Consumer Prices | 123 Index Points | Jun/22 |
| Producer Prices Change | 40.5 % | May/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -0.2 % | 2020 |
| Weapons Sales | 53 USD Million | 2020 |
| Balance of Trade | -2797 EUR Million | -2.847 USD Billion | Apr/22 |
| Capital Flows | -2768 EUR Million | -2.818 USD Billion | 1Q/22 |
| Current Account | -762 EUR Million | -0.776 USD Billion | 1Q/22 |
| Exports | 45368 EUR Million | 46.185 USD Billion | Apr/22 |
| External Debt | 1336472 EUR Million | 1360.554 USD Billion | 1Q/22 |
| Foreign Exchange Reserves | 38480 EUR Million | 39.173 USD Billion | May/22 |
| Imports | 48165 EUR Million | 49.033 USD Billion | Apr/22 |
| Terms of Trade | 97.24 Index Points | Mar/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 1.49 % | Apr/22 |
| Gold Reserves | 227 Tonnes | 1Q/22 |
| Interbank Rate | -0.24 % | Jun/22 |
| Interest Rate | 0 % | Jun/22 |
| Loans to Private Sector | 311516 EUR Million | 364.11 USD Billion | Sep/16 |
| Money Supply M0 | 54938 EUR Million | 55.928 USD Billion | May/22 |
| Money Supply M1 | 311900 EUR Million | 317.52 USD Billion | May/22 |
| Money Supply M2 | 651700 EUR Million | 663.443 USD Billion | May/22 |
| Money Supply M3 | 687600 EUR Million | 699.99 USD Billion | May/22 |
| Central Bank Balance Sheet | 375939 EUR Million | 382.713 B USD | May/22 |
| Foreign Direct Investment | 14105 EUR Million | 14.359 B USD | 4Q/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 1658 EUR/Month | 1687.875 USD/Month | 1Q/22 |
| Retirement Age Men | 65 | 2020 |
| Retirement Age Women | 65 | 2020 |
| Unemployment Rate | 5.5 % | May/22 |
| Wages | 3489 EUR/ Month | 3849.76 USD/Month | 2016 |
| Youth Unemployment Rate | 13.5 % | Mar/22 |
| Employed Persons | 4270 Thousand Person | 4.27 Million Person | 1Q/22 |
| Employment Change | 0.62 % | 1Q/22 |
| Employment Rate | 66.2 % | 4Q/21 |
| Full Time Employment | 3696 Thousand Person | 4Q/21 |
| Job Vacancies | 205877 | 205.877 K | 1Q/22 |
| Labor Force Participation Rate | 70.3 % | 4Q/21 |
| Living Wage Family | 1580 EUR/Month | 1782.089 USD/Month | 2018 |
| Living Wage Individual | 1090 EUR/Month | 1229.416 USD/Month | 2018 |
| Long Term Unemployment Rate | 2.4 % | 4Q/21 |
| Part Time Employment | 1180 Thousand Persons | 4Q/21 |
| Unemployed Persons | 260991 Persons | 0.261 Million Persons | May/22 |
| Wage Growth | 3.7 % | 4Q/21 |
| Wages High Skilled | 3050 EUR/Month | 3440.108 USD/Month | 2018 |
| Wages Low Skilled | 1890 EUR/Month | 2131.739 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2021 |
| Personal Income Tax Rate | 50 % | 2021 |
| Sales Tax Rate | 21 % | 2021 |
| Social Security Rate | 38.07 % | 2021 |
| Social Security Rate For Companies | 25 % | 2021 |
| Social Security Rate For Employees | 13.07 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Electricity Production | 7483 GWh | Mar/22 |
| Industrial Production | -0.2 % | Apr/22 |
| Mining Production | -16.6 % | Apr/22 |
| Steel Production | 359 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | -0.6 % | Apr/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 943 companies | May/22 |
| Business Confidence | -1.8 index points | Jun/22 |
| Corruption Index | 73 index points | 2021 |
| Corruption Rank | 18 place | 2021 |
| Ease of Doing Business | 46 place | 2019 |
| Manufacturing Production | -2.9 % | Apr/22 |
| Competitiveness Index | 76.38 Index Points | 2019 |
| Competitiveness Rank | 22 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -11 index points | Jun/22 |
| Private Debt To GDP | 287 % | 2020 |
| Retail Sales MoM | 0.1 % | May/22 |
| Retail Sales YoY | -3 % | May/22 |
| Consumer Credit | 7081282 EUR Thousand | 7.209 USD Billion | May/22 |
| Consumer Spending | 58097 EUR Million | 59.144 USD Billion | 1Q/22 |
| Disposable Personal Income | 113451 EUR Million | 115.495 B USD | 1Q/22 |
| Households Debt To GDP | 63.3 % | 3Q/21 |
| Households Debt To Income | 106 % | 2020 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 3.1 % | Apr/22 |
