Belgium Economic Statistics and Indicators

24, Feb 2020, EST. Welcome to the Belgium economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Belgium › Change country
National or Regional Currency: Euro, EUR
Year of data: 2015 › Change year
Number of Indicators Listed: 40
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 10,449,361 (July 2014 est.)
Area: total: 30,528 sq km ; land: 30,278 sq km ; water: 250 sq km
Natural Resources: construction materials, silica sand, carbonates
Capital: name: Brussels ; geographic coordinates: 50 50 N, 4 20 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. In 2013 Belgian GDP grew by 0.1%, the unemployment rate increased to 8.8% from 7.6% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 3.2%. Despite the relative improvement in Belgium's budget deficit, public debt hovers around 100% of GDP, a factor that has contributed to investor perceptions that the country is increasingly vulnerable to spillover from the euro-zone crisis. Belgian banks were severely affected by the international financial crisis in 2008 with three major banks receiving capital injections from the government, and the nationalization of the Belgian retail arm of a Franco-Belgian bank.
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GDP (Constant Prices, National Currency) for Belgium in year 2015 is EUR 403.449 Billion.

GDP Growth (Constant Prices, National Currency) for Belgium in year 2015 is 1.371 %.

GDP (Current Prices, National Currency) for Belgium in year 2015 is EUR 409.766 Billion.

GDP (Current Prices, US Dollars) for Belgium in year 2015 is US$ 454.687 Billion.

GDP Deflator for Belgium in year 2015 is 101.566 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Belgium in year 2015 is EUR 35,587.11 .

GDP Per Capita (Current Prices, National Currency) for Belgium in year 2015 is EUR 36,144.31 .

GDP Per Capita (Current Prices, US Dollars) for Belgium in year 2015 is US$ 40,106.63 .

Output Gap, Percent of Potential GDP for Belgium in year 2015 is -0.84 %.

GDP (PPP), US Dollars for Belgium in year 2015 is US$ 494.121 Billion.

GDP Per Capita (PPP), US Dollars for Belgium in year 2015 is US$ 43,584.99 .

GDP Share of World Total (PPP) for Belgium in year 2015 is 0.435 %.

Implied PPP Conversion Rate for Belgium in year 2015 is 0.829 .

Investment (% of GDP) for Belgium in year 2015 is 22.798 %.

Gross National Savings (% of GDP) for Belgium in year 2015 is 23.317 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Belgium in year 2015 is 100 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Belgium in year 2015 is 0.62 %.

Inflation, End of Year (Indexed to Year 2000) for Belgium in year 2015 is 100.74 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Belgium in year 2015 is 1.45 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Belgium in year 2015 is 3.8 %.

Import Volumes of Goods Only (Percent Change) for Belgium in year 2015 is 3.8 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Belgium in year 2015 is 3.36 %.

Export Volumes of Goods Only (Percent Change) for Belgium in year 2015 is 3.36 %.

Unemployment Rate (% of Labour Force) for Belgium in year 2015 is 8.333 %.

Employment for Belgium in year 2015 is 4.665 Million .

Population for Belgium in year 2015 is 11.337 Million .

General government revenue (National Currency) for Belgium in year 2015 is EUR 209.718 Billions.

General government revenue (% of GDP) for Belgium in year 2015 is 51.18 %.

General government total expenditure (National Currency) for Belgium in year 2015 is EUR 221.045 Billions.

General government total expenditure (% of GDP) for Belgium in year 2015 is 53.944 %.

Total Government Net Lending/ Borrowing (National Currency) for Belgium in year 2015 is EUR -11.326 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Belgium in year 2015 is -2.764 %.

General Government Structural Balance (National Currency) for Belgium in year 2015 is EUR -9.624 Billion.

General Government Structural Balance (% Potential GDP) for Belgium in year 2015 is -2.328 %.

Fiscal Year Gross Domestic Product, Current Prices for Belgium in year 2015 is EUR 409.766 Billions.

Current Account Balance (US Dollars) for Belgium in year 2015 is US$ 2.359 Billion.

Current Account Balance (% GDP) for Belgium in year 2015 is 0.519 %.