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Economy of Belgium. Statistics, Data and Indicators

flag
Belgium
88AA Credit rank #23
164.00 Quality of life #20
15 Corruption rank#17
46 Ease of doing business#45
Belgium


Belgium Major Economic Indicators

Indicator Data Period
GDP Value 530 USD Billion 2019
GDP Annual Growth Rate -4.8 % 4Q/20
GDP Growth Rate 0.2 % 4Q/20
GDP per capita 47541 USD 2019
Inflation Rate YoY 0.46 % Feb/21
Interest Rate 0 % Feb/21
Unemployment Rate 5.8 % Dec/20
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Balance of Trade 1710 EUR Million | 2.068 B USD Dec/20
Current Account -2586 EUR Million | -3.127 B USD 3Q/20
Foreign Exchange Reserves 26945 EUR Million | 32.582 B USD Jan/21
Government Debt 641163 EUR Million | 775.297 B USD 3Q/20


GDP
vvp
530
USD Billion
#26 from 174 countries
GDP per capita
vvp
47541
USD
#19 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 530 USD Billion 2019
GDP Annual Growth Rate -4.8 % 4Q/20
GDP Growth Rate 0.2 % 4Q/20
GDP per capita 47541 USD 2019
Gross National Product 115133 EUR Million | 139.219 USD Billion 3Q/20
GDP Constant Prices 106220 EUR Million | 128.442 B USD 3Q/20
GDP per capita PPP 51708 USD 2019
GDP From Agriculture  805 EUR Million | 0.973 B USD 3Q/20
GDP From Construction  4925 EUR Million | 5.955 B USD 3Q/20
GDP From Manufacturing  14840 EUR Million | 17.945 B USD 3Q/20
GDP From Public Administration  13313 EUR Million | 16.098 B USD 3Q/20
GDP From Services  16265 EUR Million | 19.668 B USD 3Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 98.6 % 2019
Government Budget Value -9279 EUR Million | -11.22 USD Billion 2019
Government Spending 25676 EUR Million | 31.048 USD Billion 3Q/20
Government Debt 641163 EUR Million | 775.297 USD Billion 3Q/20
Government Revenues 238598 EUR Million | 288.514 USD Billion 2019
Fiscal Expenditure  247877 EUR Million | 299.734 B USD 2019
Government Budget to GDP -1.9 % 2019
Government Spending to GDP 52.2 % 2019
Military Expenditure 4614 USD Million | 4.614 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 110 index points Feb/21
Export Prices 125 index points Nov/20
Food Inflation -0.21 % Feb/21
Gasoline Prices 1.81 USD/Liter Feb/21
GDP Deflator 108 index points 3Q/20
Import Prices 131 index points Nov/20
Inflation Rate YoY 0.46 % Feb/21
Producer Prices 118 index points Jan/21
Inflation Rate Mom 0.22 % Feb/21
Core Consumer Prices 107 Index Points Jan/21
Core Inflation Rate 1.4 % Jan/21
CPI Housing Utilities 108 Index Points Feb/21
CPI Transportation 109 Index Points Feb/21
Harmonised Consumer Prices 109 Index Points Dec/20
Producer Prices Change  0.3 % Jan/21


Trade Indicators

Indicator Data Period
Current Account to GDP -1.2 % 2019
Weapons Sales 42 USD Million 2019
Balance of Trade 1710 EUR Million | 2.068 USD Billion Dec/20
Capital Flows -1147 EUR Million | -1.387 USD Billion 2Q/20
Current Account -2586 EUR Million | -3.127 USD Billion 3Q/20
Exports 31226 EUR Million | 37.759 USD Billion Dec/20
External Debt 1182406 EUR Million | 1429.771 USD Billion 3Q/20
Foreign Exchange Reserves 26945 EUR Million | 32.582 USD Billion Jan/21
Imports 29516 EUR Million | 35.691 USD Billion Dec/20
Terms of Trade  95.86 Index Points Nov/20


Money Indicators

Indicator Data Period
Bank Lending Rate 1.55 % Dec/20
Gold Reserves 227 Tonnes 4Q/20
Interbank Rate -0.33 % Dec/20
Interest Rate 0 % Feb/21
Loans to Private Sector 311516 EUR Million | 364.11 USD Billion Sep/16
Money Supply M0 49313 EUR Million | 59.629 USD Billion Jan/21
Money Supply M1 260700 EUR Million | 315.24 USD Billion Jan/21
Money Supply M2 609800 EUR Million | 737.373 USD Billion Jan/21
Money Supply M3 640100 EUR Million | 774.012 USD Billion Jan/21
Central Bank Balance Sheet 300065 EUR Million | 362.84 B USD Jan/21
Foreign Direct Investment 6428 EUR Million | 7.773 B USD 3Q/20


Labor Indicators

Indicator Data Period
Minimum Wages 1626 EUR/Month | 1966.166 USD/Month 1Q/21
Retirement Age Men 65 2020
Retirement Age Women 65 2020
Unemployment Rate 5.8 % Dec/20
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Youth Unemployment Rate 16.6 % Dec/20
Employed Persons 4138 Thousand Person | 4.138 Million Person 3Q/20
Employment Change  0.23 % 3Q/20
Employment Rate  65.1 % 3Q/20
Full Time Employment 3612 Thousand Person 3Q/20
Job Vacancies 131378 | 131.378 K 3Q/20
Labor Force Participation Rate 69.6 % 3Q/20
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 2.3 % 3Q/20
Part Time Employment 1150 Thousand Persons 3Q/20
Unemployed Persons 286842 Persons | 0.287 Million Persons Dec/20
Wage Growth  0.4 % 1Q/20
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 29 % 2020
Personal Income Tax Rate 50 % 2020
Sales Tax Rate 21 % 2020
Social Security Rate 40.57 % 2020
Social Security Rate For Companies 27.5 % 2020
Social Security Rate For Employees 13.07 % 2020


Production Indicators

Indicator Data Period
Electricity Production 7164 GWh Nov/20
Industrial Production -4.6 % Dec/20
Mining Production -3.2 % Dec/20
Steel Production 359 Thousand Tonnes Dec/20
Industrial Production (MoM) -1.9 % Dec/20


Business Indicators

Indicator Data Period
Bankruptcies 444 companies Jan/21
Business Confidence -4.4 index points Feb/21
Corruption Index 76 index points 2020
Corruption Rank 15 place 2020
Ease of Doing Business 46 place 2019
Manufacturing Production -4.2 % Dec/20
Competitiveness Index 76.38 Index Points 2019
Competitiveness Rank 22 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -9 index points Feb/21
Private Debt To GDP 259 % 2018
Retail Sales MoM 15.9 % Dec/20
Retail Sales YoY 3.6 % Dec/20
Consumer Credit 7413126 EUR Thousand | 8.964 USD Billion Jan/21
Consumer Spending 55531 EUR Million | 67.148 USD Billion 3Q/20
Disposable Personal Income 90240 EUR Million | 109.119 B USD 3Q/20
Households Debt To GDP 65.3 % 2Q/20
Households Debt To Income 104 % 2019


Housing Market

Indicator Data Period
Construction Output -13 % Dec/20


Government Debt
dept_icon
775.297
USD Billion
#10 from 65 countries
Balance of Trade
balance_icon
2.068
USD Billion
#28 from 173 countries


Gold Reserves
gold_reserve_icon
227
Tonnes
#23 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
32.582
USD Billion
#48 from 114 countries


Government Budget Value
balance_icon
-11.22
USD Billion
#91 from 113 countries
Inflation Rate
inflation_icon
0.46
%
#136 from 174 countries


Interest Rate
discount_rate_icon
0
%
#150 from 159 countries
Bank Lending Rate
credit_rate_icon
1.55%
#47 from 55 countries


Unemployment Rate
unemployment_icon
5.8
%
#95 from 171 countries
Wages
salary_icon
3849.76
USD/Month
#8 from 82 countries


Retirement Age
man_icon
woman_icon
65
65
men
women
Taxes
company_icon
private_icon
29%
50%
company profits
income of individuals


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