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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 532 USD Billion 2019
GDP Annual Growth Rate 1.2 % 4Q/19
GDP Growth Rate 0.4 % 4Q/19
GDP per capita 46683 USD 2018
Inflation Rate YoY 0.62 % Mar/20
Interest Rate 0 % Mar/20
Unemployment Rate 5.2 % Feb/20
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Balance of Trade 711 EUR Million | 0.776 B USD Jan/20
Current Account -2003 EUR Million | -2.185 B USD 4Q/19
Foreign Exchange Reserves 27072 EUR Million | 29.535 B USD Feb/20
Government Debt 603674 EUR Million | 658.601 B USD 3Q/19


GDP
vvp
532
USD Billion
#26 from 174 countries
GDP per capita
vvp
46683
USD
#19 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 532 USD Billion 2019
GDP Annual Growth Rate 1.2 % 4Q/19
GDP Growth Rate 0.4 % 4Q/19
GDP per capita 46683 USD 2018
Gross National Product 118049 EUR Million | 128.79 USD Billion 3Q/19
GDP Constant Prices 111572 EUR Million | 121.724 B USD 4Q/19
GDP per capita PPP 43218 USD 2018
GDP From Agriculture  272 EUR Million | 0.297 B USD 4Q/19
GDP From Construction  5805 EUR Million | 6.333 B USD 4Q/19
GDP From Manufacturing  15879 EUR Million | 17.324 B USD 4Q/19
GDP From Public Administration  14851 EUR Million | 16.202 B USD 4Q/19
GDP From Services  19261 EUR Million | 21.014 B USD 4Q/19


Budget Indicators

Indicator Data Period
Government Debt to GDP 102 % 2018
Government Budget Value -3402 EUR Million | -3.712 USD Billion 2018
Government Spending 25718 EUR Million | 28.058 USD Billion 4Q/19
Government Debt 603674 EUR Million | 658.601 USD Billion 3Q/19
Government Revenues 232880 EUR Million | 254.069 USD Billion 2018
Fiscal Expenditure  235976 EUR Million | 257.447 B USD 2018
Government Budget to GDP -0.7 % 2018
Government Spending to GDP 52.4 % 2018
Military Expenditure 4614 USD Million | 4.614 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 110 index points Mar/20
Export Prices 127 index points Dec/19
Food Inflation 2.34 % Mar/20
Gasoline Prices 1.3 USD/Liter Mar/20
GDP Deflator 108 index points 4Q/19
Import Prices 131 index points Dec/19
Inflation Rate YoY 0.62 % Mar/20
Producer Prices 117 index points Feb/20
Inflation Rate Mom 0.16 % Mar/20
Core Consumer Prices 108 Index Points Mar/20
Core Inflation Rate 1.5 % Mar/20
CPI Housing Utilities 108 Index Points Mar/20
CPI Transportation 107 Index Points Mar/20
Harmonised Consumer Prices 109 Index Points Feb/20
Producer Prices Change  -1.1 % Feb/20


Trade Indicators

Indicator Data Period
Current Account to GDP -1.3 % 2018
Weapons Sales 16 USD Million 2018
Balance of Trade 711 EUR Million | 0.776 USD Billion Jan/20
Capital Flows 853 EUR Million | 0.931 USD Billion 4Q/19
Current Account -2003 EUR Million | -2.185 USD Billion 4Q/19
Exports 33042 EUR Million | 36.048 USD Billion Jan/20
External Debt 1174047 EUR Million | 1280.872 USD Billion 4Q/19
Foreign Exchange Reserves 27072 EUR Million | 29.535 USD Billion Feb/20
Imports 32331 EUR Million | 35.273 USD Billion Jan/20
Terms of Trade  97.35 Index Points Dec/19


Money Indicators

Indicator Data Period
Bank Lending Rate 1.55 % Feb/20
Gold Reserves 227 Tonnes 4Q/19
Interbank Rate -0.33 % Mar/20
Interest Rate 0 % Mar/20
Loans to Private Sector 311516 EUR Million | 364.11 USD Billion Sep/16
Money Supply M0 44331 EUR Million | 48.365 USD Billion Feb/20
Money Supply M1 231300 EUR Million | 252.346 USD Billion Feb/20
Money Supply M2 570900 EUR Million | 622.845 USD Billion Feb/20
Money Supply M3 596100 EUR Million | 650.338 USD Billion Feb/20
Central Bank Balance Sheet 184254 EUR Million | 201.019 B USD Feb/20
Foreign Direct Investment 15883 EUR Million | 17.328 B USD 3Q/19


Labor Indicators

Indicator Data Period
Minimum Wages 1594 EUR/Month | 1739.036 USD/Month 1Q/20
Retirement Age Men 65 2018
Retirement Age Women 65 2018
Unemployment Rate 5.2 % Feb/20
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Youth Unemployment Rate 15.1 % Dec/19
Employed Persons 4178 Thousand Person | 4.178 Million Person 4Q/19
Employment Change  0.34 % 4Q/19
Employment Rate  65.8 % 3Q/19
Full Time Employment 3604 Thousand Person 3Q/19
Job Vacancies 139420 | 139.42 K 4Q/19
Labor Force Participation Rate 69.6 % 3Q/19
Living Wage Family 1580 EUR/Month | 1723.762 USD/Month 2018
Living Wage Individual 1090 EUR/Month | 1189.177 USD/Month 2018
Long Term Unemployment Rate 2.2 % 3Q/19
Part Time Employment 1202 Thousand Persons 3Q/19
Unemployed Persons 305031 Persons | 0.305 Million Persons Feb/20
Wage Growth  3.6 % 3Q/19
Wages High Skilled 3050 EUR/Month | 3327.515 USD/Month 2018
Wages Low Skilled  1890 EUR/Month | 2061.968 USD/Month 2018


Taxes

Indicator Data Period
Corporate Tax Rate 29 % 2019
Personal Income Tax Rate 53.7 % 2018
Sales Tax Rate 21 % 2020
Social Security Rate 45.57 % 2018
Social Security Rate For Companies 32.5 % 2018
Social Security Rate For Employees 13.07 % 2019


Production Indicators

Indicator Data Period
Electricity Production 8406 GWh Dec/19
Industrial Production -0.4 % Jan/20
Mining Production 6.2 % Jan/20
Steel Production 475 Thousand Tonnes Feb/20
Industrial Production (MoM) -1.3 % Jan/20


Business Indicators

Indicator Data Period
Bankruptcies 865 companies Feb/20
Business Confidence -10.9 index points Mar/20
Corruption Index 75 index points 2019
Corruption Rank 17 place 2019
Ease of Doing Business 46 place 2019
Manufacturing Production -0.4 % Jan/20
Competitiveness Index 76.38 Index Points 2019
Competitiveness Rank 22 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -9 index points Mar/20
Private Debt To GDP 259 % 2018
Retail Sales MoM 2.8 % Feb/20
Retail Sales YoY 3.7 % Feb/20
Consumer Credit 7618591 EUR Thousand | 8.312 USD Billion Feb/20
Consumer Spending 57414 EUR Million | 62.638 USD Billion 4Q/19
Disposable Personal Income 92998 EUR Million | 101.46 B USD 3Q/19
Households Debt To GDP 61.1 % 3Q/19
Households Debt To Income 103 % 2018


Housing Market

Indicator Data Period
Construction Output 12.9 % Jan/20


Government Debt
dept_icon
658.601
USD Billion
#10 from 65 countries
Balance of Trade
balance_icon
0.776
USD Billion
#28 from 173 countries


Gold Reserves
gold_reserve_icon
227
Tonnes
#23 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
29.535
USD Billion
#48 from 114 countries


Government Budget Value
balance_icon
-3.712
USD Billion
#91 from 113 countries
Inflation Rate
inflation_icon
0.62
%
#136 from 174 countries


Interest Rate
discount_rate_icon
0
%
#150 from 159 countries
Bank Lending Rate
credit_rate_icon
1.55%
#47 from 55 countries


Unemployment Rate
unemployment_icon
5.2
%
#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%
53.7%
company profits
income of individuals


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