Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

Economy of Belgium. Statistics, Data and Indicators

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


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



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