Economy of Belgium. Statistics, Data and Indicators

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

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

530
USD Billion
#26 from 174 countries
GDP per capita

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

775.297
USD Billion
#10 from 65 countries
Balance of Trade

2.068
USD Billion
#28 from 173 countries
Gold Reserves

227
Tonnes
#23 from 114 countries
Foreign Exchange Reserves

32.582
USD Billion
#48 from
114 countries
Government Budget Value

-11.22
USD Billion
#91 from 113 countries
Inflation Rate

0.46
%
#136 from
174 countries
Interest Rate

0
%
#150 from
159 countries
Bank Lending Rate

1.55%
#47 from
55 countries
Unemployment Rate

5.8
%
#95 from
171 countries
Wages

3849.76
USD/Month
#8 from
82 countries
Retirement Age


65
65
men
women
Taxes


29%
50%
company profits
income of individuals