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 | 579 USD Billion | 2022 |
| GDP Annual Growth Rate | 0.9 % | 2Q/23 |
| GDP Growth Rate | 0.2 % | 2Q/23 |
| GDP per capita | 44076 USD | 2022 |
| Inflation Rate YoY | 2.39 % | Sep/23 |
| Interest Rate | 4.5 % | Sep/23 |
| Unemployment Rate | 5.5 % | Aug/23 |
| Wages | 3489 EUR/ Month | 3849.76 USD/Month | 2016 |
| Balance of Trade | 2596 EUR Million | 2.754 B USD | Jul/23 |
| Current Account | -2043 EUR Million | -2.167 B USD | 2Q/23 |
| Foreign Exchange Reserves | 36647 EUR Million | 38.879 B USD | Aug/23 |
| Government Debt | 585170 EUR Million | 620.804 B USD | 1Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 579 USD Billion | 2022 |
| GDP Annual Growth Rate | 0.9 % | 2Q/23 |
| GDP Growth Rate | 0.2 % | 2Q/23 |
| GDP per capita | 44076 USD | 2022 |
| Gross National Product | 145485 EUR Million | 154.344 USD Billion | 1Q/23 |
| GDP Constant Prices | 116889 EUR Million | 124.007 B USD | 2Q/23 |
| GDP per capita PPP | 53156 USD | 2022 |
| GDP From Agriculture | 726 EUR Million | 0.77 B USD | 2Q/23 |
| GDP From Construction | 5518 EUR Million | 5.854 B USD | 2Q/23 |
| GDP From Manufacturing | 15390 EUR Million | 16.327 B USD | 2Q/23 |
| GDP From Public Administration | 15376 EUR Million | 16.312 B USD | 2Q/23 |
| GDP From Services | 19421 EUR Million | 20.604 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 105 % | 2022 |
| Government Budget Value | -21345 EUR Million | -22.645 USD Billion | 2022 |
| Government Spending | 27552 EUR Million | 29.23 USD Billion | 2Q/23 |
| Government Debt | 585170 EUR Million | 620.804 USD Billion | 1Q/23 |
| Government Revenues | 272873 EUR Million | 289.49 USD Billion | 2022 |
| Fiscal Expenditure | 294218 EUR Million | 312.135 B USD | 2022 |
| Government Budget to GDP | -3.9 % | 2022 |
| Government Spending to GDP | 53.5 % | 2022 |
| Military Expenditure | 6867 USD Million | 6.867 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 128 index points | Sep/23 |
| Export Prices | 169 index points | Jun/23 |
| Food Inflation | 11.43 % | Sep/23 |
| Gasoline Prices | 2.05 USD/Liter | Sep/23 |
| GDP Deflator | 122 index points | 2Q/23 |
| Import Prices | 184 index points | Jun/23 |
| Inflation Rate YoY | 2.39 % | Sep/23 |
| Producer Prices | 162 index points | Aug/23 |
| Inflation Rate Mom | -0.69 % | Sep/23 |
| Core Consumer Prices | 121 Index Points | Sep/23 |
| Core Inflation Rate | 5.6 % | Sep/23 |
| CPI Housing Utilities | 125 Index Points | Sep/23 |
| CPI Transportation | 133 Index Points | Sep/23 |
| Harmonised Consumer Prices | 127 Index Points | Sep/23 |
| Producer Prices Change | -11.37 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -3.5 % | 2022 |
| Weapons Sales | 121 USD Million | 2022 |
| Balance of Trade | 2596 EUR Million | 2.754 USD Billion | Jul/23 |
| Capital Flows | -2400 EUR Million | -2.546 USD Billion | 2Q/23 |
| Current Account | -2043 EUR Million | -2.167 USD Billion | 2Q/23 |
| Exports | 41311 EUR Million | 43.827 USD Billion | Jul/23 |
| External Debt | 1384120 EUR Million | 1468.407 USD Billion | 2Q/23 |
| Foreign Exchange Reserves | 36647 EUR Million | 38.879 USD Billion | Aug/23 |
| Imports | 38716 EUR Million | 41.074 USD Billion | Jul/23 |
| Terms of Trade | 91.87 Index Points | Jun/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 5.3 % | Aug/23 |
| Gold Reserves | 227 Tonnes | 2Q/23 |
| Interbank Rate | 3.88 % | Sep/23 |
| Interest Rate | 4.5 % | Sep/23 |
| Loans to Private Sector | 311516 EUR Million | 364.11 USD Billion | Sep/16 |
| Money Supply M0 | 53473 EUR Million | 56.729 USD Billion | Aug/23 |
| Money Supply M1 | 249300 EUR Million | 264.481 USD Billion | Aug/23 |
| Money Supply M2 | 634700 EUR Million | 673.35 USD Billion | Aug/23 |
| Money Supply M3 | 669000 EUR Million | 709.739 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 325941 EUR Million | 345.789 B USD | Sep/23 |
| Foreign Direct Investment | 8084 EUR Million | 8.576 B USD | 1Q/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 1955 EUR/Month | 2074.05 USD/Month | 3Q/23 |
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 65 | 2022 |
| Unemployment Rate | 5.5 % | Aug/23 |
| Wages | 3489 EUR/ Month | 3849.76 USD/Month | 2016 |
| Youth Unemployment Rate | 14.2 % | Jun/23 |
| Employed Persons | 4341 Thousand Person | 4.341 Million Person | 2Q/23 |
| Employment Change | 0.41 % | 2Q/23 |
| Employment Rate | 65.9 % | 2Q/23 |
| Full Time Employment | 3723 Thousand Person | 2Q/23 |
| Job Vacancies | 194957 | 194.957 K | 2Q/23 |
| Labor Force Participation Rate | 70.6 % | 1Q/23 |
| 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 % | 2Q/23 |
| Part Time Employment | 1179 Thousand Persons | 2Q/23 |
| Unemployed Persons | 506967 Persons | 0.507 Million Persons | Sep/23 |
| Wage Growth | 9.19 % | 2Q/23 |
| 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 % | 2023 |
| Personal Income Tax Rate | 50 % | 2023 |
| Sales Tax Rate | 21 % | 2023 |
| Social Security Rate | 48.07 % | 2023 |
| Social Security Rate For Companies | 35 % | 2023 |
| Social Security Rate For Employees | 13.07 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Electricity Production | 6619 GWh | Jul/23 |
| Industrial Production | -2.2 % | Aug/23 |
| Mining Production | -19.6 % | Aug/23 |
| Steel Production | 359 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | -1.8 % | Aug/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 432 companies | Aug/23 |
| Business Confidence | -14.4 index points | Sep/23 |
| Corruption Index | 73 index points | 2022 |
| Corruption Rank | 18 place | 2022 |
| Ease of Doing Business | 46 place | 2019 |
| Manufacturing Production | -0.7 % | Aug/23 |
| Competitiveness Index | 76.38 Index Points | 2019 |
| Competitiveness Rank | 22 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -5 index points | Sep/23 |
| Private Debt To GDP | 246 % | 2022 |
| Retail Sales MoM | -1.5 % | Aug/23 |
| Retail Sales YoY | -8.5 % | Aug/23 |
| Consumer Credit | 6841920 EUR Thousand | 7.259 USD Billion | Aug/23 |
| Consumer Spending | 59175 EUR Million | 62.778 USD Billion | 2Q/23 |
| Disposable Personal Income | 117698 EUR Million | 124.865 B USD | 1Q/23 |
| Households Debt To GDP | 59.9 % | 1Q/23 |
| Households Debt To Income | 107 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 8.4 % | Jul/23 |
