household debts in Belgium

Gross debt in Belgium

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Belgium in the period from 1998 to 2021 was between 256.2 billion and 649.0 billion USD. The highest level of the last years at 649 billion US Dollar was reached in 2021. The budget deficit in the same year was 33.1 billion USD.

Based on the number of inhabitants, this is a debt of 55,978 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearBelgium totalBelgium per capitaEU per capita
1998299.68 bn USD29,371 USD14,079 USD
1999289.15 bn USD28,275 USD14,032 USD
2000259.49 bn USD25,313 USD11,232 USD
2001256.19 bn USD24,905 USD11,255 USD
2002272.44 bn USD26,366 USD12,258 USD
2003323.37 bn USD31,165 USD15,286 USD
2004358.76 bn USD34,427 USD17,595 USD
2005366.98 bn USD35,022 USD18,327 USD
2006373.53 bn USD35,413 USD18,877 USD
2007411.24 bn USD38,702 USD20,898 USD
2008481.96 bn USD45,001 USD24,086 USD
2009484.31 bn USD44,858 USD25,361 USD
2010482.73 bn USD44,305 USD26,496 USD
2011541.64 bn USD49,069 USD29,231 USD
2012520.03 bn USD46,820 USD28,174 USD
2013550.41 bn USD49,322 USD29,981 USD
2014573.09 bn USD51,127 USD30,648 USD
2015486.51 bn USD43,153 USD25,918 USD
2016499.89 bn USD44,115 USD26,261 USD
2017512.93 bn USD45,092 USD27,024 USD
2018542.53 bn USD47,478 USD28,448 USD
2019523.09 bn USD45,530 USD27,168 USD
2020588.56 bn USD51,008 USD30,783 USD
2021648.95 bn USD55,978 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Belgium       European Union

Budget deficit in Belgium

household debts in BelgiumThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget balance in Belgium in the period between 1998 and 2021 varied between -47.20 billion euros and +946.11 million euros. In 2021, Belgium reached a balance of -33.08 billion euros.

In ratio to population, this equals a new indebtedness of 2,853 euros per capita in Belgium in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit and surplus in the last 23 years

YearBelgium totalBelgium per capitaEU per capita
1998-2,375.28 M USD-233 USD-398 USD
1999-1,637.81 M USD-160 USD-204 USD
2000-84.42 M USD-8 USD112 USD
2001946.11 M USD92 USD-299 USD
2002-219.28 M USD-21 USD-565 USD
2003-328.95 M USD-32 USD-840 USD
2004-588.24 M USD-56 USD-920 USD
2005-10,686.45 M USD-1,020 USD-822 USD
2006900.14 M USD85 USD-568 USD
2007308.91 M USD29 USD-360 USD
2008-5,666.70 M USD-529 USD-1,085 USD
2009-26,245.95 M USD-2,431 USD-2,021 USD
2010-19,679.09 M USD-1,806 USD-1,970 USD
2011-22,661.48 M USD-2,053 USD-1,462 USD
2012-21,425.58 M USD-1,929 USD-1,220 USD
2013-16,328.86 M USD-1,463 USD-1,027 USD
2014-16,358.88 M USD-1,459 USD-852 USD
2015-11,159.13 M USD-990 USD-577 USD
2016-11,250.64 M USD-993 USD-423 USD
2017-3,438.02 M USD-302 USD-263 USD
2018-4,726.72 M USD-414 USD-139 USD
2019-10,452.88 M USD-910 USD-197 USD
2020-47,195.48 M USD-4,090 USD-2,312 USD
2021-33,075.15 M USD-2,853 USD-1,787 USD

(negative numbers = deficit)
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