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 | 594 USD Billion | 2021 |
| GDP Annual Growth Rate | 1.4 % | 4Q/22 |
| GDP Growth Rate | 0.1 % | 4Q/22 |
| GDP per capita | 42901 USD | 2021 |
| Inflation Rate YoY | 8.05 % | Jan/23 |
| Interest Rate | 2.5 % | Dec/22 |
| Unemployment Rate | 5.5 % | Nov/22 |
| Wages | 3489 EUR/ Month | 3849.76 USD/Month | 2016 |
| Balance of Trade | 1641 EUR Million | 1.785 B USD | Nov/22 |
| Current Account | -7367 EUR Million | -8.015 B USD | 3Q/22 |
| Foreign Exchange Reserves | 38797 EUR Million | 42.212 B USD | Dec/22 |
| Government Debt | 568376 EUR Million | 618.405 B USD | 3Q/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 594 USD Billion | 2021 |
| GDP Annual Growth Rate | 1.4 % | 4Q/22 |
| GDP Growth Rate | 0.1 % | 4Q/22 |
| GDP per capita | 42901 USD | 2021 |
| Gross National Product | 141087 EUR Million | 153.506 USD Billion | 3Q/22 |
| GDP Constant Prices | 115789 EUR Million | 125.981 B USD | 3Q/22 |
| GDP per capita PPP | 51740 USD | 2021 |
| GDP From Agriculture | 677 EUR Million | 0.737 B USD | 3Q/22 |
| GDP From Construction | 4534 EUR Million | 4.933 B USD | 3Q/22 |
| GDP From Manufacturing | 15387 EUR Million | 16.741 B USD | 3Q/22 |
| GDP From Public Administration | 13439 EUR Million | 14.622 B USD | 3Q/22 |
| GDP From Services | 18478 EUR Million | 20.104 B USD | 3Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 108 % | 2021 |
| Government Budget Value | -27966 EUR Million | -30.428 USD Billion | 2022 |
| Government Spending | 27324 EUR Million | 29.729 USD Billion | 3Q/22 |
| Government Debt | 568376 EUR Million | 618.405 USD Billion | 3Q/22 |
| Government Revenues | 250004 EUR Million | 272.01 USD Billion | 2021 |
| Fiscal Expenditure | 277969 EUR Million | 302.436 B USD | 2021 |
| Government Budget to GDP | -5.5 % | 2021 |
| Government Spending to GDP | 54.8 % | 2021 |
| Military Expenditure | 6312 USD Million | 6.312 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 128 index points | Jan/23 |
| Export Prices | 176 index points | Oct/22 |
| Food Inflation | 15.59 % | Jan/23 |
| Gasoline Prices | 2.04 USD/Liter | Jan/23 |
| GDP Deflator | 120 index points | 3Q/22 |
| Import Prices | 195 index points | Oct/22 |
| Inflation Rate YoY | 8.05 % | Jan/23 |
| Producer Prices | 186 index points | Dec/22 |
| Inflation Rate Mom | 0.09 % | Jan/23 |
| Core Consumer Prices | 117 Index Points | Dec/22 |
| Core Inflation Rate | 5.4 % | Dec/22 |
| CPI Housing Utilities | 145 Index Points | Jan/23 |
| CPI Transportation | 126 Index Points | Jan/23 |
| Harmonised Consumer Prices | 128 Index Points | Dec/22 |
| Producer Prices Change | 22.8 % | Dec/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -0.4 % | 2021 |
| Weapons Sales | 53 USD Million | 2020 |
| Balance of Trade | 1641 EUR Million | 1.785 USD Billion | Nov/22 |
| Capital Flows | -4955 EUR Million | -5.391 USD Billion | 3Q/22 |
| Current Account | -7367 EUR Million | -8.015 USD Billion | 3Q/22 |
| Exports | 51327 EUR Million | 55.845 USD Billion | Nov/22 |
| External Debt | 1359816 EUR Million | 1479.508 USD Billion | 3Q/22 |
| Foreign Exchange Reserves | 38797 EUR Million | 42.212 USD Billion | Dec/22 |
| Imports | 49685 EUR Million | 54.058 USD Billion | Nov/22 |
| Terms of Trade | 90.26 Index Points | Oct/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 3.2 % | Nov/22 |
| Gold Reserves | 227 Tonnes | 3Q/22 |
| Interbank Rate | 2.07 % | Dec/22 |
| Interest Rate | 2.5 % | Dec/22 |
| Loans to Private Sector | 311516 EUR Million | 364.11 USD Billion | Sep/16 |
| Money Supply M0 | 53758 EUR Million | 58.49 USD Billion | Nov/22 |
| Money Supply M1 | 302200 EUR Million | 328.8 USD Billion | Nov/22 |
| Money Supply M2 | 656300 EUR Million | 714.068 USD Billion | Nov/22 |
| Money Supply M3 | 698100 EUR Million | 759.547 USD Billion | Nov/22 |
| Central Bank Balance Sheet | 337969 EUR Million | 367.717 B USD | Dec/22 |
| Foreign Direct Investment | 8804 EUR Million | 9.579 B USD | 3Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 1842 EUR/Month | 2004.134 USD/Month | 3Q/22 |
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 65 | 2022 |
| Unemployment Rate | 5.5 % | Nov/22 |
| Wages | 3489 EUR/ Month | 3849.76 USD/Month | 2016 |
| Youth Unemployment Rate | 17.7 % | Sep/22 |
| Employed Persons | 4317 Thousand Person | 4.317 Million Person | 3Q/22 |
| Employment Change | 0.49 % | 3Q/22 |
| Employment Rate | 66.9 % | 3Q/22 |
| Full Time Employment | 3777 Thousand Person | 3Q/22 |
| Job Vacancies | 210778 | 210.778 K | 3Q/22 |
| Labor Force Participation Rate | 71 % | 3Q/22 |
| 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/22 |
| Part Time Employment | 1178 Thousand Persons | 3Q/22 |
| Unemployed Persons | 254082 Persons | 0.254 Million Persons | Nov/22 |
| Wage Growth | 7.1 % | 2Q/22 |
| 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 % | 2022 |
| Personal Income Tax Rate | 50 % | 2022 |
| Sales Tax Rate | 21 % | 2022 |
| Social Security Rate | 48.07 % | 2022 |
| Social Security Rate For Companies | 35 % | 2022 |
| Social Security Rate For Employees | 13.07 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Electricity Production | 7487 GWh | Oct/22 |
| Industrial Production | 5.6 % | Nov/22 |
| Mining Production | -8.2 % | Nov/22 |
| Steel Production | 359 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 2.6 % | Nov/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 800 companies | Dec/22 |
| Business Confidence | -13.5 index points | Jan/23 |
| Corruption Index | 73 index points | 2022 |
| Corruption Rank | 18 place | 2022 |
| Ease of Doing Business | 46 place | 2019 |
| Manufacturing Production | 6.6 % | Nov/22 |
| Competitiveness Index | 76.38 Index Points | 2019 |
| Competitiveness Rank | 22 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -12 index points | Jan/23 |
| Private Debt To GDP | 257 % | 2021 |
| Retail Sales MoM | 0.7 % | Nov/22 |
| Retail Sales YoY | -6 % | Nov/22 |
| Consumer Credit | 7028039 EUR Thousand | 7.647 USD Billion | Dec/22 |
| Consumer Spending | 58146 EUR Million | 63.264 USD Billion | 3Q/22 |
| Disposable Personal Income | 113728 EUR Million | 123.738 B USD | 3Q/22 |
| Households Debt To GDP | 60.5 % | 2Q/22 |
| Households Debt To Income | 107 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 13 % | Nov/22 |
