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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 530 USD Billion 2019
GDP Annual Growth Rate -14.4 % 2Q/20
GDP Growth Rate -12.1 % 2Q/20
GDP per capita 47541 USD 2019
Inflation Rate YoY 0.82 % Aug/20
Interest Rate 0 % Sep/20
Unemployment Rate 5.5 % Jul/20
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Balance of Trade 3947 EUR Million | 4.673 B USD Jul/20
Current Account 1545 EUR Million | 1.829 B USD 1Q/20
Foreign Exchange Reserves 28406 EUR Million | 33.633 B USD Jul/20
Government Debt 611215 EUR Million | 723.691 B USD 1Q/20


GDP
vvp
530
USD Billion
#26 from 174 countries
GDP per capita
vvp
47541
USD
#19 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 530 USD Billion 2019
GDP Annual Growth Rate -14.4 % 2Q/20
GDP Growth Rate -12.1 % 2Q/20
GDP per capita 47541 USD 2019
Gross National Product 110365 EUR Million | 130.674 USD Billion 1Q/20
GDP Constant Prices 94660 EUR Million | 112.079 B USD 2Q/20
GDP per capita PPP 51708 USD 2019
GDP From Agriculture  463 EUR Million | 0.548 B USD 2Q/20
GDP From Construction  4667 EUR Million | 5.526 B USD 2Q/20
GDP From Manufacturing  13428 EUR Million | 15.899 B USD 2Q/20
GDP From Public Administration  14404 EUR Million | 17.055 B USD 2Q/20
GDP From Services  13837 EUR Million | 16.383 B USD 2Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 98.6 % 2019
Government Budget Value -3402 EUR Million | -4.028 USD Billion 2018
Government Spending 22682 EUR Million | 26.856 USD Billion 2Q/20
Government Debt 611215 EUR Million | 723.691 USD Billion 1Q/20
Government Revenues 232880 EUR Million | 275.735 USD Billion 2018
Fiscal Expenditure  235976 EUR Million | 279.4 B USD 2018
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 Aug/20
Export Prices 126 index points Jun/20
Food Inflation 3.66 % Aug/20
Gasoline Prices 1.71 USD/Liter Aug/20
GDP Deflator 107 index points 2Q/20
Import Prices 126 index points Jun/20
Inflation Rate YoY 0.82 % Aug/20
Producer Prices 111 index points Jul/20
Inflation Rate Mom 0.06 % Aug/20
Core Consumer Prices 106 Index Points Aug/20
Core Inflation Rate -0.7 % Aug/20
CPI Housing Utilities 107 Index Points Aug/20
CPI Transportation 107 Index Points Aug/20
Harmonised Consumer Prices 107 Index Points Aug/20
Producer Prices Change  -4.2 % Jul/20


Trade Indicators

Indicator Data Period
Current Account to GDP -1.2 % 2019
Weapons Sales 42 USD Million 2019
Balance of Trade 3947 EUR Million | 4.673 USD Billion Jul/20
Capital Flows 524 EUR Million | 0.62 USD Billion 1Q/20
Current Account 1545 EUR Million | 1.829 USD Billion 1Q/20
Exports 30579 EUR Million | 36.206 USD Billion Jul/20
External Debt 1207753 EUR Million | 1430.004 USD Billion 1Q/20
Foreign Exchange Reserves 28406 EUR Million | 33.633 USD Billion Jul/20
Imports 26632 EUR Million | 31.533 USD Billion Jul/20
Terms of Trade  99.88 Index Points Jun/20


Money Indicators

Indicator Data Period
Bank Lending Rate 1.57 % Jul/20
Gold Reserves 227 Tonnes 2Q/20
Interbank Rate -0.33 % Aug/20
Interest Rate 0 % Sep/20
Loans to Private Sector 311516 EUR Million | 364.11 USD Billion Sep/16
Money Supply M0 47655 EUR Million | 56.424 USD Billion Jul/20
Money Supply M1 251100 EUR Million | 297.308 USD Billion Jul/20
Money Supply M2 599500 EUR Million | 709.82 USD Billion Jul/20
Money Supply M3 631200 EUR Million | 747.354 USD Billion Jul/20
Central Bank Balance Sheet 281374 EUR Million | 333.153 B USD Aug/20
Foreign Direct Investment 5728 EUR Million | 6.782 B USD 1Q/20


Labor Indicators

Indicator Data Period
Minimum Wages 1626 EUR/Month | 1925.217 USD/Month 3Q/20
Retirement Age Men 65 2018
Retirement Age Women 65 2018
Unemployment Rate 5.5 % Jul/20
Wages 3489 EUR/ Month | 3849.76 USD/Month 2016
Youth Unemployment Rate 13 % Jun/20
Employed Persons 4122 Thousand Person | 4.122 Million Person 2Q/20
Employment Change  -0.93 % 2Q/20
Employment Rate  65.1 % 1Q/20
Full Time Employment 3562 Thousand Person 1Q/20
Job Vacancies 124404 | 124.404 K 2Q/20
Labor Force Participation Rate 68.6 % 1Q/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 % 1Q/20
Part Time Employment 1203 Thousand Persons 1Q/20
Unemployed Persons 301449 Persons | 0.301 Million Persons Jul/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 8406 GWh Dec/19
Industrial Production -10.4 % Jun/20
Mining Production 4 % Jun/20
Steel Production 500 Thousand Tonnes Jul/20
Industrial Production (MoM) -1.4 % Jun/20


Business Indicators

Indicator Data Period
Bankruptcies 484 companies Jul/20
Business Confidence -12 index points Aug/20
Corruption Index 75 index points 2019
Corruption Rank 17 place 2019
Ease of Doing Business 46 place 2019
Manufacturing Production -12.1 % Jun/20
Competitiveness Index 76.38 Index Points 2019
Competitiveness Rank 22 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -26 index points Aug/20
Private Debt To GDP 259 % 2018
Retail Sales MoM -5.1 % Jul/20
Retail Sales YoY 0.8 % Jul/20
Consumer Credit 7485280 EUR Thousand | 8.863 USD Billion Aug/20
Consumer Spending 46950 EUR Million | 55.59 USD Billion 2Q/20
Disposable Personal Income 85655 EUR Million | 101.417 B USD 1Q/20
Households Debt To GDP 62.5 % 1Q/20
Households Debt To Income 103 % 2018


Housing Market

Indicator Data Period
Construction Output -1 % Jul/20


Government Debt
dept_icon
723.691
USD Billion
#10 from 65 countries
Balance of Trade
balance_icon
4.673
USD Billion
#28 from 173 countries


Gold Reserves
gold_reserve_icon
227
Tonnes
#23 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
33.633
USD Billion
#48 from 114 countries


Government Budget Value
balance_icon
-4.028
USD Billion
#91 from 113 countries
Inflation Rate
inflation_icon
0.82
%
#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
5.5
%
#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
29%
50%
company profits
income of individuals


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