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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 -1 % 1Q/21
GDP Growth Rate 0.6 % 1Q/21
GDP per capita 47541 USD 2019
Inflation Rate YoY 1.23 % Apr/21
Interest Rate 0 % Apr/21
Unemployment Rate 5.8 % Mar/21
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Balance of Trade 1089 EUR Million | 1.323 B USD Feb/21
Current Account -306 EUR Million | -0.372 B USD 4Q/20
Foreign Exchange Reserves 26356 EUR Million | 32.011 B USD Mar/21
Government Debt 646799 EUR Million | 785.57 B USD 4Q/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 -1 % 1Q/21
GDP Growth Rate 0.6 % 1Q/21
GDP per capita 47541 USD 2019
Gross National Product 118401 EUR Million | 143.804 USD Billion 4Q/20
GDP Constant Prices 106254 EUR Million | 129.051 B USD 4Q/20
GDP per capita PPP 51708 USD 2019
GDP From Agriculture  398 EUR Million | 0.483 B USD 4Q/20
GDP From Construction  5883 EUR Million | 7.145 B USD 4Q/20
GDP From Manufacturing  16101 EUR Million | 19.555 B USD 4Q/20
GDP From Public Administration  14568 EUR Million | 17.694 B USD 4Q/20
GDP From Services  16864 EUR Million | 20.482 B USD 4Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 114 % 2020
Government Budget Value -9279 EUR Million | -11.27 USD Billion 2019
Government Spending 25117 EUR Million | 30.506 USD Billion 4Q/20
Government Debt 646799 EUR Million | 785.57 USD Billion 4Q/20
Government Revenues 238598 EUR Million | 289.789 USD Billion 2019
Fiscal Expenditure  247877 EUR Million | 301.059 B USD 2019
Government Budget to GDP -9.4 % 2020
Government Spending to GDP 52.2 % 2019
Military Expenditure 5003 USD Million | 5.003 B USD 2019


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 111 index points Apr/21
Export Prices 127 index points Jan/21
Food Inflation -1.19 % Apr/21
Gasoline Prices 1.87 USD/Liter Apr/21
GDP Deflator 109 index points 4Q/20
Import Prices 141 index points Jan/21
Inflation Rate YoY 1.23 % Apr/21
Producer Prices 122 index points Mar/21
Inflation Rate Mom 0.33 % Apr/21
Core Consumer Prices 109 Index Points Apr/21
Core Inflation Rate 0.8 % Apr/21
CPI Housing Utilities 109 Index Points Apr/21
CPI Transportation 111 Index Points Apr/21
Harmonised Consumer Prices 110 Index Points Mar/21
Producer Prices Change  8 % Mar/21


Trade Indicators

Indicator Data Period
Current Account to GDP -1.2 % 2019
Weapons Sales 53 USD Million 2020
Balance of Trade 1089 EUR Million | 1.323 USD Billion Feb/21
Capital Flows -4098 EUR Million | -4.977 USD Billion 4Q/20
Current Account -306 EUR Million | -0.372 USD Billion 4Q/20
Exports 29678 EUR Million | 36.045 USD Billion Feb/21
External Debt 1212068 EUR Million | 1472.118 USD Billion 4Q/20
Foreign Exchange Reserves 26356 EUR Million | 32.011 USD Billion Mar/21
Imports 28588 EUR Million | 34.722 USD Billion Feb/21
Terms of Trade  90.37 Index Points Jan/21


Money Indicators

Indicator Data Period
Bank Lending Rate 1.59 % Mar/21
Gold Reserves 227 Tonnes 4Q/20
Interbank Rate -0.33 % Feb/21
Interest Rate 0 % Apr/21
Loans to Private Sector 311516 EUR Million | 364.11 USD Billion Sep/16
Money Supply M0 49996 EUR Million | 60.723 USD Billion Mar/21
Money Supply M1 264400 EUR Million | 321.127 USD Billion Mar/21
Money Supply M2 614600 EUR Million | 746.463 USD Billion Mar/21
Money Supply M3 640700 EUR Million | 778.162 USD Billion Mar/21
Central Bank Balance Sheet 319604 EUR Million | 388.175 B USD Apr/21
Foreign Direct Investment 6428 EUR Million | 7.807 B USD 3Q/20


Labor Indicators

Indicator Data Period
Minimum Wages 1626 EUR/Month | 1974.859 USD/Month 1Q/21
Retirement Age Men 65 2020
Retirement Age Women 65 2020
Unemployment Rate 5.8 % Mar/21
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Youth Unemployment Rate 14.4 % Mar/21
Employed Persons 4146 Thousand Person | 4.146 Million Person 4Q/20
Employment Change  0.35 % 4Q/20
Employment Rate  64.5 % 4Q/20
Full Time Employment 3589 Thousand Person 4Q/20
Job Vacancies 115553 | 115.553 K 4Q/20
Labor Force Participation Rate 68.5 % 4Q/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 1142 Thousand Persons 4Q/20
Unemployed Persons 306917 Persons | 0.307 Million Persons Mar/21
Wage Growth  -1.5 % 4Q/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 8119 GWh Feb/21
Industrial Production 1.7 % Mar/21
Mining Production 36.2 % Mar/21
Steel Production 359 Thousand Tonnes Dec/20
Industrial Production (MoM) -4 % Mar/21


Business Indicators

Indicator Data Period
Bankruptcies 599 companies Mar/21
Business Confidence 4.4 index points Apr/21
Corruption Index 76 index points 2020
Corruption Rank 15 place 2020
Ease of Doing Business 46 place 2019
Manufacturing Production 1.1 % Mar/21
Competitiveness Index 76.38 Index Points 2019
Competitiveness Rank 22 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -6 index points Apr/21
Private Debt To GDP 250 % 2019
Retail Sales MoM 0.1 % Mar/21
Retail Sales YoY 13.8 % Mar/21
Consumer Credit 7387560 EUR Thousand | 8.973 USD Billion Mar/21
Consumer Spending 52137 EUR Million | 63.323 USD Billion 4Q/20
Disposable Personal Income 92778 EUR Million | 112.684 B USD 4Q/20
Households Debt To GDP 66.4 % 3Q/20
Households Debt To Income 104 % 2019


Housing Market

Indicator Data Period
Construction Output -10.9 % Feb/21


Government Debt
dept_icon
785.57
USD Billion
#10 from 65 countries
Balance of Trade
balance_icon
1.323
USD Billion
#28 from 173 countries


Gold Reserves
gold_reserve_icon
227
Tonnes
#23 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
32.011
USD Billion
#48 from 114 countries


Government Budget Value
balance_icon
-11.27
USD Billion
#91 from 113 countries
Inflation Rate
inflation_icon
1.23
%
#136 from 174 countries


Interest Rate
discount_rate_icon
0
%
#150 from 159 countries
Bank Lending Rate
credit_rate_icon
1.59%
#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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