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Economy of Belgium. Statistics, Data and Indicators

flag
Belgium
88AA Credit rank #23
164.00 Quality of life #20
17 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 -4.5 % 3Q/20
GDP Growth Rate 11.4 % 3Q/20
GDP per capita 47541 USD 2019
Inflation Rate YoY 0.51 % Nov/20
Interest Rate 0 % Oct/20
Unemployment Rate 5.1 % Oct/20
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Balance of Trade 391 EUR Million | 0.475 B USD Sep/20
Current Account 38 EUR Million | 0.046 B USD 2Q/20
Foreign Exchange Reserves 27849 EUR Million | 33.825 B USD Oct/20
Government Debt 649798 EUR Million | 789.232 B USD 2Q/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 -4.5 % 3Q/20
GDP Growth Rate 11.4 % 3Q/20
GDP per capita 47541 USD 2019
Gross National Product 106046 EUR Million | 128.801 USD Billion 2Q/20
GDP Constant Prices 94660 EUR Million | 114.972 B USD 2Q/20
GDP per capita PPP 51708 USD 2019
GDP From Agriculture  463 EUR Million | 0.562 B USD 2Q/20
GDP From Construction  4667 EUR Million | 5.668 B USD 2Q/20
GDP From Manufacturing  13428 EUR Million | 16.309 B USD 2Q/20
GDP From Public Administration  14404 EUR Million | 17.495 B USD 2Q/20
GDP From Services  13837 EUR Million | 16.806 B USD 2Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 98.6 % 2019
Government Budget Value -3402 EUR Million | -4.132 USD Billion 2018
Government Spending 22682 EUR Million | 27.549 USD Billion 2Q/20
Government Debt 649798 EUR Million | 789.232 USD Billion 2Q/20
Government Revenues 232880 EUR Million | 282.851 USD Billion 2018
Fiscal Expenditure  235976 EUR Million | 286.612 B USD 2018
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) 109 index points Nov/20
Export Prices 118 index points Aug/20
Food Inflation 3.51 % Sep/20
Gasoline Prices 1.68 USD/Liter Nov/20
GDP Deflator 107 index points 2Q/20
Import Prices 128 index points Aug/20
Inflation Rate YoY 0.51 % Nov/20
Producer Prices 114 index points Oct/20
Inflation Rate Mom -0.16 % Nov/20
Core Consumer Prices 108 Index Points Oct/20
Core Inflation Rate 1.2 % Oct/20
CPI Housing Utilities 107 Index Points Nov/20
CPI Transportation 107 Index Points Nov/20
Harmonised Consumer Prices 108 Index Points Oct/20
Producer Prices Change  -2.8 % Oct/20


Trade Indicators

Indicator Data Period
Current Account to GDP -1.2 % 2019
Weapons Sales 42 USD Million 2019
Balance of Trade 391 EUR Million | 0.475 USD Billion Sep/20
Capital Flows -1147 EUR Million | -1.393 USD Billion 2Q/20
Current Account 38 EUR Million | 0.046 USD Billion 2Q/20
Exports 30796 EUR Million | 37.404 USD Billion Sep/20
External Debt 1230210 EUR Million | 1494.188 USD Billion 2Q/20
Foreign Exchange Reserves 27849 EUR Million | 33.825 USD Billion Oct/20
Imports 30406 EUR Million | 36.931 USD Billion Sep/20
Terms of Trade  92.6 Index Points Aug/20


Money Indicators

Indicator Data Period
Bank Lending Rate 1.59 % Sep/20
Gold Reserves 227 Tonnes 3Q/20
Interbank Rate -0.33 % Nov/20
Interest Rate 0 % Oct/20
Loans to Private Sector 311516 EUR Million | 364.11 USD Billion Sep/16
Money Supply M0 48199 EUR Million | 58.542 USD Billion Oct/20
Money Supply M1 254100 EUR Million | 308.625 USD Billion Oct/20
Money Supply M2 603400 EUR Million | 732.877 USD Billion Oct/20
Money Supply M3 632800 EUR Million | 768.586 USD Billion Oct/20
Central Bank Balance Sheet 288869 EUR Million | 350.854 B USD Oct/20
Foreign Direct Investment 5728 EUR Million | 6.957 B USD 1Q/20


Labor Indicators

Indicator Data Period
Minimum Wages 1626 EUR/Month | 1974.907 USD/Month 3Q/20
Retirement Age Men 65 2020
Retirement Age Women 65 2020
Unemployment Rate 5.1 % Oct/20
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Youth Unemployment Rate 18.3 % Sep/20
Employed Persons 4122 Thousand Person | 4.122 Million Person 2Q/20
Employment Change  -0.93 % 2Q/20
Employment Rate  64.2 % 2Q/20
Full Time Employment 3576 Thousand Person 2Q/20
Job Vacancies 124404 | 124.404 K 2Q/20
Labor Force Participation Rate 68.6 % 1Q/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 % 2Q/20
Part Time Employment 1127 Thousand Persons 2Q/20
Unemployed Persons 308807 Persons | 0.309 Million Persons Sep/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



Production Indicators

Indicator Data Period
Electricity Production 8406 GWh Dec/19
Industrial Production -4.6 % Sep/20
Mining Production -0.6 % Sep/20
Steel Production 550 Thousand Tonnes Oct/20
Industrial Production (MoM) 0.5 % Sep/20


Business Indicators

Indicator Data Period
Bankruptcies 613 companies Oct/20
Business Confidence -12.1 index points Nov/20
Corruption Index 75 index points 2019
Corruption Rank 17 place 2019
Ease of Doing Business 46 place 2019
Manufacturing Production -2.9 % Sep/20
Competitiveness Index 76.38 Index Points 2019
Competitiveness Rank 22 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -15 index points Nov/20
Private Debt To GDP 259 % 2018
Retail Sales MoM 1 % Oct/20
Retail Sales YoY 7.8 % Oct/20
Consumer Credit 7464628 EUR Thousand | 9.066 USD Billion Oct/20
Consumer Spending 46950 EUR Million | 57.025 USD Billion 2Q/20
Disposable Personal Income 80616 EUR Million | 97.915 B USD 2Q/20
Households Debt To GDP 62.5 % 1Q/20
Households Debt To Income 104 % 2019


Housing Market

Indicator Data Period
Construction Output -2.8 % Sep/20


Government Debt
dept_icon
789.232
USD Billion
#10 from 65 countries
Balance of Trade
balance_icon
0.475
USD Billion
#28 from 173 countries


Gold Reserves
gold_reserve_icon
227
Tonnes
#23 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
33.825
USD Billion
#48 from 114 countries


Government Budget Value
balance_icon
-4.132
USD Billion
#91 from 113 countries
Inflation Rate
inflation_icon
0.51
%
#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
5.1
%
#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