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. On the other hand 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 2019 was between 247.8 bn and 573.1 bn USD. The hightest level within the past 21 years was reached in 2014. However, the liabilities in 2019 have been only 522.76 bn USD
Based on the number of inhabitants, this is in Belgium a debt of 45,521 USD per person. For comparison: The average debt per person in the same year in the European Union was 32,667 USD.
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Gross debt of the last 21 years in billion USD
Jahr | Belgium total | Belgium per capita | EU per capita |
---|---|---|---|
1998 | 299.68 bn USD | 29,371 USD | 12,387 USD |
1999 | 289.15 bn USD | 28,275 USD | 12,342 USD |
2000 | 251.39 bn USD | 24,523 USD | 10,778 USD |
2001 | 247.76 bn USD | 24,086 USD | 10,717 USD |
2002 | 262.61 bn USD | 25,415 USD | 11,593 USD |
2003 | 307.28 bn USD | 29,614 USD | 14,402 USD |
2004 | 358.65 bn USD | 34,415 USD | 16,970 USD |
2005 | 366.69 bn USD | 34,994 USD | 17,846 USD |
2006 | 373.45 bn USD | 35,405 USD | 18,591 USD |
2007 | 411.15 bn USD | 38,693 USD | 20,509 USD |
2008 | 481.96 bn USD | 45,001 USD | 23,520 USD |
2009 | 484.31 bn USD | 44,858 USD | 25,266 USD |
2010 | 482.73 bn USD | 44,305 USD | 30,683 USD |
2011 | 541.64 bn USD | 49,069 USD | 34,278 USD |
2012 | 520.03 bn USD | 46,820 USD | 33,161 USD |
2013 | 550.41 bn USD | 49,322 USD | 35,247 USD |
2014 | 573.11 bn USD | 51,130 USD | 36,694 USD |
2015 | 486.50 bn USD | 43,152 USD | 31,489 USD |
2016 | 499.89 bn USD | 44,115 USD | 31,202 USD |
2017 | 512.86 bn USD | 45,086 USD | 32,056 USD |
2018 | 542.44 bn USD | 47,470 USD | 33,826 USD |
2019 | 522.76 bn USD | 45,521 USD | 32,667 USD |
Comparison of the gross debt per capita with the European Union in Euro
Budget deficit in Belgium
The 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 insurances, 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 - it is less, it is called deficit.The budget balance in Belgium in the period between 1998 and 2019 varied between -26.25 bn Euro and +946.11 m Euro. In 2019 was reached a balance of -10.39 bn Euro.
In ratio to population, this equals a new indebtedness of 905 Euro per capita in Belgium only in 2019. For comparison, the average debt per capita in the European Union was in the same year at 332 Euro.
Budget deficit and surplus in the last 21 years
Jahr | Belgium total | Belgium per capita | EU per capita |
---|---|---|---|
1998 | -2,375.28 M USD | -233 USD | -350 USD |
1999 | -1,637.81 M USD | -160 USD | -180 USD |
2000 | -84.42 M USD | -8 USD | 98 USD |
2001 | 946.11 M USD | 92 USD | -263 USD |
2002 | -219.28 M USD | -21 USD | -496 USD |
2003 | -328.95 M USD | -32 USD | -738 USD |
2004 | -588.24 M USD | -56 USD | -808 USD |
2005 | -10,686.45 M USD | -1,020 USD | -722 USD |
2006 | 900.14 M USD | 85 USD | -499 USD |
2007 | 308.91 M USD | 29 USD | -315 USD |
2008 | -5,666.70 M USD | -529 USD | -951 USD |
2009 | -26,245.95 M USD | -2,431 USD | -2,252 USD |
2010 | -19,679.09 M USD | -1,806 USD | -2,486 USD |
2011 | -22,661.48 M USD | -2,053 USD | -1,907 USD |
2012 | -21,425.58 M USD | -1,929 USD | -1,689 USD |
2013 | -16,328.86 M USD | -1,463 USD | -1,354 USD |
2014 | -16,358.88 M USD | -1,459 USD | -1,226 USD |
2015 | -11,159.13 M USD | -990 USD | -871 USD |
2016 | -11,250.64 M USD | -993 USD | -620 USD |
2017 | -3,451.01 M USD | -303 USD | -406 USD |
2018 | -4,316.20 M USD | -378 USD | -288 USD |
2019 | -10,388.18 M USD | -905 USD | -332 USD |
(negative numbers = deficit)