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Indicators of economy in Belgium

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in Belgium reached 46.421 US dollars per inhabitant, or 533.10 bn US Dollar in the whole country. Belgium is therefore currently ranked 23 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Belgium is in the list of the world's richest countries in place 19.

Inflation in Belgium was in 2019 at around 1.44%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices of daily necessities are approximately 7.27% higher.
The Corruption Perceptions Index for the public sector counts 76 and is compared to other countries good.


Back to overview: Belgium

Unemployment rates in percent 1991 - 2020

Economic performance 2019

 Belgium
Total
Belgium
per capita
EU
Total
EU
per capita
GDP533.10 bn USD46,420.66 USD15,626.45 tn USD30,381.17 USD
Gross national product551.60 bn USD48,031.46 USD16,026.52 tn USD31,158.99 USD


Belgium ranked 14th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 8 of the 2000 largest listed companies in the world originate from Belgium. This is determined annually in the "Forbes Global 2000" list. The 8 largest companies in the country were in 2020:

Rank 56: Anheuser-Busch InBev (Leuven)
Rank 260: KBC Group (Brussels)
Rank 618: Ageas (Brussels)
Rank 1102: UCB (Brussels)
Rank 1186: Solvay (Brussels)
Rank 1271: Umicore (Brussels)
Rank 1464: Sofina (Brussels)
Rank 1470: Colruyt (Halle)

Development of the Gross domestic product in billion US Dollar 1979 - 2019


Household debt and deficits 2019


 Belgium
Total
Belgium
per capita
EU
Total
EU
per capita
Gross debt522.76 bn USD45,520.77 USD14,618.72 tn USD28,421.93 USD
Budget deficit10.39 bn USD904.57 USD148.52 bn USD288.76 USD


Im- and Exports 2019

 Belgium
Total
Belgium
per capita
EU
Total
EU
per capita
Imports433.04 bn USD37,708.33 USD8,073.39 bn USD15,696.41 USD
Exports436.30 bn USD37,991.60 USD8,622.21 bn USD16,763.44 USD


Development of imports and exports in billion US dollars 2002 - 2019

Exports
Imports



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