Belgium |
Gross domestic product, constant prices |
National currency |
Billions |
Source: Central Bank. Data before 1995 were spliced with older series. Data from 1995 reflect current official series, following benchmark national account revision 1995-2018 released in Sept 2019.
Latest actual data: 2020
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: Yes, from 1995. Data before 1995 are spliced with older series.
Primary domestic currency: Euro
Data last updated: 09/2021
|
444.279 |
416.361 |
439.825 |
453.492 |
461.541 |
467.875 |
473.944 |
480.328 |
2020 |
Belgium |
Gross domestic product, constant prices |
Percent change |
|
See notes for:
Gross domestic product, constant prices (National currency).
|
1.785 |
-6.284 |
5.636 |
3.107 |
1.775 |
1.372 |
1.297 |
1.347 |
2020 |
Belgium |
Gross domestic product, current prices |
National currency |
Billions |
Source: Central Bank. Data before 1995 were spliced with older series. Data from 1995 reflect current official series, following benchmark national account revision 1995-2018 released in Sept 2019.
Latest actual data: 2020
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: Yes, from 1995. Data before 1995 are spliced with older series.
Primary domestic currency: Euro
Data last updated: 09/2021
|
476.343 |
451.177 |
487.169 |
512.730 |
531.224 |
548.342 |
565.303 |
583.035 |
2020 |
Belgium |
Gross domestic product, current prices |
U.S. dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
533.313 |
514.920 |
581.848 |
619.160 |
650.836 |
680.048 |
708.703 |
736.648 |
2020 |
Belgium |
Gross domestic product, current prices |
Purchasing power parity; international dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
621.768 |
589.718 |
645.401 |
683.771 |
712.467 |
738.707 |
764.544 |
790.897 |
2020 |
Belgium |
Gross domestic product, deflator |
Index |
|
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).
|
107.217 |
108.362 |
110.764 |
113.063 |
115.098 |
117.198 |
119.276 |
121.383 |
2020 |
Belgium |
Gross domestic product per capita, constant prices |
National currency |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
38,782.966 |
36,134.794 |
38,107.536 |
39,150.217 |
39,669.075 |
40,046.161 |
40,407.197 |
40,798.735 |
2020 |
Belgium |
Gross domestic product per capita, constant prices |
Purchasing power parity; 2017 international dollar |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
52,078.713 |
48,522.684 |
51,171.729 |
52,571.867 |
53,268.602 |
53,774.963 |
54,259.770 |
54,785.537 |
2020 |
Belgium |
Gross domestic product per capita, current prices |
National currency |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
41,581.966 |
39,156.377 |
42,209.568 |
44,264.265 |
45,658.216 |
46,933.424 |
48,196.194 |
49,522.617 |
2020 |
Belgium |
Gross domestic product per capita, current prices |
U.S. dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
46,555.088 |
44,688.462 |
50,412.713 |
53,452.463 |
55,938.772 |
58,206.318 |
60,422.102 |
62,570.407 |
2020 |
Belgium |
Gross domestic product per capita, current prices |
Purchasing power parity; international dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
54,276.693 |
51,179.999 |
55,919.133 |
59,030.385 |
61,235.933 |
63,227.042 |
65,182.922 |
67,178.341 |
2020 |
Belgium |
Output gap in percent of potential GDP |
Percent of potential GDP |
|
See notes for:
Gross domestic product, constant prices (National currency).
|
0.140 |
-3.548 |
-1.596 |
-0.286 |
n/a |
n/a |
n/a |
n/a |
2020 |
Belgium |
Gross domestic product based on purchasing-power-parity (PPP) share of world total |
Percent |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.461 |
0.447 |
0.446 |
0.439 |
0.431 |
0.423 |
0.415 |
0.407 |
2020 |
Belgium |
Implied PPP conversion rate |
National currency per current international dollar |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.766 |
0.765 |
0.755 |
0.750 |
0.746 |
0.742 |
0.739 |
0.737 |
2020 |
Belgium |
Total investment |
Percent of GDP |
|
Source: Central Bank. Data before 1995 were spliced with older series. Data from 1995 reflect current official series, following benchmark national account revision 1995-2018 released in Sept 2019.
Latest actual data: 2020
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: Yes, from 1995. Data before 1995 are spliced with older series.
Primary domestic currency: Euro
Data last updated: 09/2021
|
24.979 |
24.764 |
24.708 |
24.343 |
24.485 |
24.530 |
24.412 |
24.398 |
2020 |
Belgium |
Gross national savings |
Percent of GDP |
|
Source: Central Bank. Data before 1995 were spliced with older series. Data from 1995 reflect current official series, following benchmark national account revision 1995-2018 released in Sept 2019.
Latest actual data: 2020
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: Yes, from 1995. Data before 1995 are spliced with older series.
Primary domestic currency: Euro
Data last updated: 09/2021
|
25.328 |
24.613 |
24.694 |
23.726 |
23.852 |
24.095 |
24.190 |
24.376 |
2020 |
Belgium |
Inflation, average consumer prices |
Index |
|
Source: Central Bank
Latest actual data: 2020
Harmonized prices: Yes
Frequency of source data: Monthly
Base year: 2015
Primary domestic currency: Euro
Data last updated: 09/2021
|
107.766 |
108.227 |
110.783 |
113.255 |
115.356 |
117.505 |
119.619 |
121.756 |
2020 |
Belgium |
Inflation, average consumer prices |
Percent change |
|
See notes for:
Inflation, average consumer prices (Index).
|
1.249 |
0.428 |
2.362 |
2.231 |
1.855 |
1.863 |
1.799 |
1.787 |
2020 |
Belgium |
Inflation, end of period consumer prices |
Index |
|
Source: Central Bank
Latest actual data: 2020
Harmonized prices: Yes
Frequency of source data: Monthly
Base year: 2015
Primary domestic currency: Euro
Data last updated: 09/2021
|
108.380 |
108.760 |
112.052 |
113.880 |
116.214 |
118.248 |
120.416 |
122.538 |
2020 |
Belgium |
Inflation, end of period consumer prices |
Percent change |
|
See notes for:
Inflation, end of period consumer prices (Index).
|
0.922 |
0.351 |
3.027 |
1.631 |
2.049 |
1.751 |
1.833 |
1.762 |
2020 |
Belgium |
Volume of imports of goods and services |
Percent change |
|
Source: Central Bank
Latest actual data: 2020
Base year: 2010
Methodology used to derive volumes: Weighted average of volume changes
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/2021
|
-0.594 |
-7.254 |
6.366 |
6.734 |
4.492 |
3.956 |
3.810 |
3.835 |
2020 |
Belgium |
Volume of Imports of goods |
Percent change |
|
Source: Central Bank
Latest actual data: 2020
Base year: 2010
Methodology used to derive volumes: Weighted average of volume changes
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/2021
|
-0.594 |
-7.254 |
6.366 |
6.734 |
4.492 |
3.956 |
3.810 |
3.835 |
2020 |
Belgium |
Volume of exports of goods and services |
Percent change |
|
Source: Central Bank
Latest actual data: 2020
Base year: 2010
Methodology used to derive volumes: Weighted average of volume changes
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/2021
|
-0.055 |
-7.085 |
7.404 |
5.572 |
4.110 |
3.640 |
3.482 |
3.437 |
2020 |
Belgium |
Volume of exports of goods |
Percent change |
|
Source: Central Bank
Latest actual data: 2020
Base year: 2010
Methodology used to derive volumes: Weighted average of volume changes
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/2021
|
-0.055 |
-7.085 |
7.404 |
5.572 |
4.110 |
3.640 |
3.482 |
3.437 |
2020 |
Belgium |
Unemployment rate |
Percent of total labor force |
|
Source: Central Bank. Some indicators have been affected by the benchmark national account revision 1995-2018 released in Sept 2019.
Latest actual data: 2019
Employment type: Harmonized ILO definition
Primary domestic currency: Euro
Data last updated: 09/2021
|
5.375 |
5.550 |
6.310 |
6.140 |
5.883 |
5.769 |
5.705 |
5.651 |
2019 |
Belgium |
Employment |
Persons |
Millions |
Source: Central Bank. Some indicators have been affected by the benchmark national account revision 1995-2018 released in Sept 2019.
Latest actual data: 2019
Employment type: Harmonized ILO definition
Primary domestic currency: Euro
Data last updated: 09/2021
|
4.978 |
4.977 |
4.951 |
4.992 |
n/a |
n/a |
n/a |
n/a |
2019 |
Belgium |
Population |
Persons |
Millions |
Source: National Statistics Office
Latest actual data: 2020
Primary domestic currency: Euro
Data last updated: 09/2021
|
11.456 |
11.522 |
11.542 |
11.583 |
11.635 |
11.683 |
11.729 |
11.773 |
2020 |
Belgium |
General government revenue |
National currency |
Billions |
Source: Central Bank
Latest actual data: 2020
Fiscal assumptions: Projections are based on the 2021-22 Stability Program, the Draft Budgetary Plan for 2020, the 2021 budget, and other available information on the authorities' fiscal plans, with adjustments for the IMF staff's assumptions.
Start/end months of reporting year: January/December
GFS Manual used: European System of Accounts (ESA) 2010
Basis of recording: Accrual
General government includes: Central Government; State Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Face value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2021
|
239.023 |
228.252 |
245.000 |
257.097 |
265.883 |
274.990 |
282.892 |
291.470 |
2020 |
Belgium |
General government revenue |
Percent of GDP |
|
See notes for:
General government revenue (National currency).
|
50.179 |
50.590 |
50.291 |
50.143 |
50.051 |
50.149 |
50.043 |
49.992 |
2020 |
Belgium |
General government total expenditure |
National currency |
Billions |
Source: Central Bank
Latest actual data: 2020
Fiscal assumptions: Projections are based on the 2021-22 Stability Program, the Draft Budgetary Plan for 2020, the 2021 budget, and other available information on the authorities' fiscal plans, with adjustments for the IMF staff's assumptions.
Start/end months of reporting year: January/December
GFS Manual used: European System of Accounts (ESA) 2010
Basis of recording: Accrual
General government includes: Central Government; State Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Face value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2021
|
248.101 |
270.569 |
279.273 |
279.685 |
290.258 |
301.323 |
310.211 |
320.799 |
2020 |
Belgium |
General government total expenditure |
Percent of GDP |
|
See notes for:
General government total expenditure (National currency).
|
52.085 |
59.970 |
57.326 |
54.548 |
54.640 |
54.952 |
54.875 |
55.022 |
2020 |
Belgium |
General government net lending/borrowing |
National currency |
Billions |
Source: Central Bank
Latest actual data: 2020
Fiscal assumptions: Projections are based on the 2021-22 Stability Program, the Draft Budgetary Plan for 2020, the 2021 budget, and other available information on the authorities' fiscal plans, with adjustments for the IMF staff's assumptions.
Start/end months of reporting year: January/December
GFS Manual used: European System of Accounts (ESA) 2010
Basis of recording: Accrual
General government includes: Central Government; State Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Face value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2021
|
-9.079 |
-42.318 |
-34.273 |
-22.587 |
-24.375 |
-26.334 |
-27.319 |
-29.329 |
2020 |
Belgium |
General government net lending/borrowing |
Percent of GDP |
|
See notes for:
General government net lending/borrowing (National currency).
|
-1.906 |
-9.379 |
-7.035 |
-4.405 |
-4.589 |
-4.802 |
-4.833 |
-5.030 |
2020 |
Belgium |
General government structural balance |
National currency |
Billions |
Source: Central Bank
Latest actual data: 2020
Fiscal assumptions: Projections are based on the 2021-22 Stability Program, the Draft Budgetary Plan for 2020, the 2021 budget, and other available information on the authorities' fiscal plans, with adjustments for the IMF staff's assumptions.
Start/end months of reporting year: January/December
GFS Manual used: European System of Accounts (ESA) 2010
Basis of recording: Accrual
General government includes: Central Government; State Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Face value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2021
|
-10.312 |
-34.459 |
-31.241 |
-22.520 |
-24.231 |
-26.284 |
-27.043 |
-29.284 |
2020 |
Belgium |
General government structural balance |
Percent of potential GDP |
|
See notes for:
General government structural balance (National currency).
|
-2.168 |
-7.367 |
-6.310 |
-4.380 |
-4.558 |
-4.791 |
-4.778 |
-5.022 |
2020 |
Belgium |
General government primary net lending/borrowing |
National currency |
Billions |
Source: Central Bank
Latest actual data: 2020
Fiscal assumptions: Projections are based on the 2021-22 Stability Program, the Draft Budgetary Plan for 2020, the 2021 budget, and other available information on the authorities' fiscal plans, with adjustments for the IMF staff's assumptions.
Start/end months of reporting year: January/December
GFS Manual used: European System of Accounts (ESA) 2010
Basis of recording: Accrual
General government includes: Central Government; State Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Face value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2021
|
-0.975 |
-34.676 |
-27.489 |
-17.004 |
-19.594 |
-21.783 |
-22.743 |
-24.740 |
2020 |
Belgium |
General government primary net lending/borrowing |
Percent of GDP |
|
See notes for:
General government primary net lending/borrowing (National currency).
|
-0.205 |
-7.686 |
-5.643 |
-3.316 |
-3.688 |
-3.973 |
-4.023 |
-4.243 |
2020 |
Belgium |
General government net debt |
National currency |
Billions |
Source: Central Bank
Latest actual data: 2020
Fiscal assumptions: Projections are based on the 2021-22 Stability Program, the Draft Budgetary Plan for 2020, the 2021 budget, and other available information on the authorities' fiscal plans, with adjustments for the IMF staff's assumptions.
Start/end months of reporting year: January/December
GFS Manual used: European System of Accounts (ESA) 2010
Basis of recording: Accrual
General government includes: Central Government; State Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Face value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2021
|
405.426 |
447.578 |
485.139 |
511.244 |
538.380 |
567.857 |
598.092 |
630.332 |
2020 |
Belgium |
General government net debt |
Percent of GDP |
|
See notes for:
General government net debt (National currency).
|
85.112 |
99.202 |
99.583 |
99.710 |
101.347 |
103.559 |
105.800 |
108.112 |
2020 |
Belgium |
General government gross debt |
National currency |
Billions |
Source: Central Bank
Latest actual data: 2020
Fiscal assumptions: Projections are based on the 2021-22 Stability Program, the Draft Budgetary Plan for 2020, the 2021 budget, and other available information on the authorities' fiscal plans, with adjustments for the IMF staff's assumptions.
Start/end months of reporting year: January/December
GFS Manual used: European System of Accounts (ESA) 2010
Basis of recording: Accrual
General government includes: Central Government; State Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Face value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2021
|
467.172 |
514.965 |
552.526 |
578.631 |
605.767 |
635.244 |
665.479 |
697.719 |
2020 |
Belgium |
General government gross debt |
Percent of GDP |
|
See notes for:
General government gross debt (National currency).
|
98.075 |
114.138 |
113.416 |
112.853 |
114.032 |
115.848 |
117.721 |
119.670 |
2020 |
Belgium |
Gross domestic product corresponding to fiscal year, current prices |
National currency |
Billions |
Source: Central Bank
Latest actual data: 2020
Fiscal assumptions: Projections are based on the 2021-22 Stability Program, the Draft Budgetary Plan for 2020, the 2021 budget, and other available information on the authorities' fiscal plans, with adjustments for the IMF staff's assumptions.
Start/end months of reporting year: January/December
GFS Manual used: European System of Accounts (ESA) 2010
Basis of recording: Accrual
General government includes: Central Government; State Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Face value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2021
|
476.343 |
451.177 |
487.169 |
512.730 |
531.224 |
548.342 |
565.303 |
583.035 |
2020 |
Belgium |
Current account balance |
U.S. dollars |
Billions |
Source: Central Bank. Data are subject to frequent and sizable revisions. The latest methodological change took place in Sept-Oct 2019 covering 2015-18, and retropolated to 2009. Significant data revisions took place in Sept 2020 affecting 2017-19 data.
Latest actual data: 2020
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: Euro
Data last updated: 09/2021
|
1.862 |
-0.778 |
-0.083 |
-3.815 |
-4.122 |
-2.953 |
-1.575 |
-0.167 |
2020 |
Belgium |
Current account balance |
Percent of GDP |
|
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).
|
0.349 |
-0.151 |
-0.014 |
-0.616 |
-0.633 |
-0.434 |
-0.222 |
-0.023 |
2020 |