Belgium General Government Structural Balance (% Potential GDP) Statistics

24, Mar 2019, EDT.

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Country or Region: Belgium › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Belgium indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Euro
Currency Symbol: EUR

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Belgium , Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Belgium in year 2015 is -2.328 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes Belgium No. 39 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Belgium is 1.44 less than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Belgium was -2.90 % General Government Structural Balance (% Potential GDP) for Belgium in 2015 was or will be 19.75% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Belgium was or will be -2.42 %, which is 3.87% more than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Belgium, in other Years
Year %
  2021 -2.007
  2020 -1.984
  2019 -2.068
  2018 -1.761
  2017 -1.978
  2016 -2.418
2015 -2.328
  2014 -2.901
  2013 -2.887
  2012 -3.646
  2011 -4.221
  2010 -3.943
  2009 -4.055
  2008 -1.789
  2007 -0.794
  2006 -0.68
  2005 -0.46
  2004 -0.976
  2003 -0.95
  2002 0.043
  2001 0.003
  2000 -0.834
  1999 -0.724
  1998 -0.571
  1997 -1.894
  1996 -3.048
  1995 -3.881
  1994 -4.588
  1993 -6.456
  1992 -9.03
  1991 -8.833
  1990 -8.394
  1989 -7.709
  1988 -7.209
  1987 -7.558
  1986 -9.661
  1985 -9.809
  1984 -10.601
  1983 -14.256
  1982 -11.993
  1981 -15.377
  1980 n/a