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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 515 USD Billion 2020
GDP Annual Growth Rate -0.6 % 1Q/21
GDP Growth Rate 1 % 1Q/21
GDP per capita 44405 USD 2020
Inflation Rate YoY 1.63 % Jun/21
Interest Rate 0 % Jun/21
Unemployment Rate 6.5 % May/21
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Balance of Trade 1711 EUR Million | 2.022 B USD May/21
Current Account 2514 EUR Million | 2.971 B USD 1Q/21
Foreign Exchange Reserves 26996 EUR Million | 31.909 B USD May/21
Government Debt 643789 EUR Million | 760.944 B USD 1Q/21


GDP
vvp
515
USD Billion
#26 from 174 countries
GDP per capita
vvp
44405
USD
#19 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 515 USD Billion 2020
GDP Annual Growth Rate -0.6 % 1Q/21
GDP Growth Rate 1 % 1Q/21
GDP per capita 44405 USD 2020
Gross National Product 118660 EUR Million | 140.253 USD Billion 1Q/21
GDP Constant Prices 107524 EUR Million | 127.091 B USD 1Q/21
GDP per capita PPP 48210 USD 2020
GDP From Agriculture  627 EUR Million | 0.741 B USD 1Q/21
GDP From Construction  5193 EUR Million | 6.138 B USD 1Q/21
GDP From Manufacturing  16380 EUR Million | 19.361 B USD 1Q/21
GDP From Public Administration  13850 EUR Million | 16.37 B USD 1Q/21
GDP From Services  16471 EUR Million | 19.468 B USD 1Q/21


Budget Indicators

Indicator Data Period
Government Debt to GDP 114 % 2020
Government Budget Value -9279 EUR Million | -10.968 USD Billion 2019
Government Spending 26441 EUR Million | 31.253 USD Billion 1Q/21
Government Debt 643789 EUR Million | 760.944 USD Billion 1Q/21
Government Revenues 238598 EUR Million | 282.017 USD Billion 2019
Fiscal Expenditure  247877 EUR Million | 292.985 B USD 2019
Government Budget to GDP -9.4 % 2020
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) 111 index points Jun/21
Export Prices 135 index points Apr/21
Food Inflation -1.23 % Jun/21
Gasoline Prices 1.91 USD/Liter Jun/21
GDP Deflator 110 index points 1Q/21
Import Prices 142 index points Apr/21
Inflation Rate YoY 1.63 % Jun/21
Producer Prices 126 index points May/21
Inflation Rate Mom 0.23 % Jun/21
Core Consumer Prices 109 Index Points Jun/21
Core Inflation Rate 1.1 % Jun/21
CPI Housing Utilities 111 Index Points Jun/21
CPI Transportation 111 Index Points Jun/21
Harmonised Consumer Prices 111 Index Points May/21
Producer Prices Change  17.2 % May/21


Trade Indicators

Indicator Data Period
Current Account to GDP -1.2 % 2019
Weapons Sales 53 USD Million 2020
Balance of Trade 1711 EUR Million | 2.022 USD Billion May/21
Capital Flows -4098 EUR Million | -4.844 USD Billion 4Q/20
Current Account 2514 EUR Million | 2.971 USD Billion 1Q/21
Exports 35880 EUR Million | 42.409 USD Billion May/21
External Debt 1223223 EUR Million | 1445.822 USD Billion 1Q/21
Foreign Exchange Reserves 26996 EUR Million | 31.909 USD Billion May/21
Imports 34169 EUR Million | 40.387 USD Billion May/21
Terms of Trade  94.66 Index Points Apr/21


Money Indicators

Indicator Data Period
Bank Lending Rate 1.57 % May/21
Gold Reserves 227 Tonnes 1Q/21
Interbank Rate -0.33 % Feb/21
Interest Rate 0 % Jun/21
Loans to Private Sector 311516 EUR Million | 364.11 USD Billion Sep/16
Money Supply M0 50741 EUR Million | 59.975 USD Billion May/21
Money Supply M1 270800 EUR Million | 320.079 USD Billion May/21
Money Supply M2 624900 EUR Million | 738.618 USD Billion May/21
Money Supply M3 650700 EUR Million | 769.113 USD Billion May/21
Central Bank Balance Sheet 329254 EUR Million | 389.171 B USD Jun/21
Foreign Direct Investment 5237 EUR Million | 6.19 B USD 4Q/20


Labor Indicators

Indicator Data Period
Minimum Wages 1626 EUR/Month | 1921.895 USD/Month 1Q/21
Retirement Age Men 65 2020
Retirement Age Women 65 2020
Unemployment Rate 6.5 % May/21
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Youth Unemployment Rate 19 % Mar/21
Employed Persons 4158 Thousand Person | 4.158 Million Person 1Q/21
Employment Change  0.07 % 1Q/21
Employment Rate  64.5 % 4Q/20
Full Time Employment 3589 Thousand Person 4Q/20
Job Vacancies 141565 | 141.565 K 1Q/21
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 2.8 % 1Q/21
Part Time Employment 1142 Thousand Persons 4Q/20
Unemployed Persons 298805 Persons | 0.299 Million Persons May/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 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 8038 GWh Apr/21
Industrial Production 10.5 % May/21
Mining Production 12 % May/21
Steel Production 359 Thousand Tonnes Dec/20
Industrial Production (MoM) -2.3 % May/21


Business Indicators

Indicator Data Period
Bankruptcies 615 companies Jun/21
Business Confidence 9.8 index points Jun/21
Corruption Index 76 index points 2020
Corruption Rank 15 place 2020
Ease of Doing Business 46 place 2019
Manufacturing Production 9.9 % May/21
Competitiveness Index 76.38 Index Points 2019
Competitiveness Rank 22 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence 8 index points Jun/21
Private Debt To GDP 287 % 2020
Retail Sales MoM 1.4 % May/21
Retail Sales YoY 7.2 % May/21
Consumer Credit 7321119 EUR Thousand | 8.653 USD Billion Jun/21
Consumer Spending 52320 EUR Million | 61.841 USD Billion 1Q/21
Disposable Personal Income 93248 EUR Million | 110.217 B USD 1Q/21
Households Debt To GDP 67.7 % 4Q/20
Households Debt To Income 104 % 2019


Housing Market

Indicator Data Period
Construction Output 3.4 % May/21


Government Debt
dept_icon
760.944
USD Billion
#10 from 65 countries
Balance of Trade
balance_icon
2.022
USD Billion
#28 from 173 countries


Gold Reserves
gold_reserve_icon
227
Tonnes
#23 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
31.909
USD Billion
#48 from 114 countries


Government Budget Value
balance_icon
-10.968
USD Billion
#91 from 113 countries
Inflation Rate
inflation_icon
1.63
%
#136 from 174 countries


Interest Rate
discount_rate_icon
0
%
#150 from 159 countries
Bank Lending Rate
credit_rate_icon
1.57%
#47 from 55 countries


Unemployment Rate
unemployment_icon
6.5
%
#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
25%
50%
company profits
income of individuals


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