Annual GDP growth (%) in Belgium
Belgium: Annual GDP growth (%) was 1.1% in 2024. ◆ Volatile
Annual GDP growth in Belgium, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in Belgium stood at 1.1%.
Compared with earlier readings it is down 37.6% on the previous year and down 39.4% over ten years.
Over the whole period, annual gdp growth in Belgium peaked at 6.3% in 2021 and was at its lowest, -4.8%, in 2020.
Belgium ranks 184th of 230 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Belgium, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.7% | — |
| 2001 | 1.1% | -70.4% |
| 2002 | 1.7% | +55.2% |
| 2003 | 1.0% | -39.2% |
| 2004 | 3.6% | +244.1% |
| 2005 | 2.3% | -35.0% |
| 2006 | 2.6% | +9.9% |
| 2007 | 3.7% | +44.1% |
| 2008 | 0.4% | -87.8% |
| 2009 | -1.9% | -526.6% |
| 2010 | 2.7% | -242.2% |
| 2011 | 1.9% | -28.7% |
| 2012 | 0.2% | -88.8% |
| 2013 | 0.3% | +41.6% |
| 2014 | 1.8% | +477.9% |
| 2015 | 1.5% | -16.5% |
| 2016 | 1.2% | -19.0% |
| 2017 | 1.5% | +23.5% |
| 2018 | 1.9% | +27.4% |
| 2019 | 2.4% | +30.1% |
| 2020 | -4.8% | -296.2% |
| 2021 | 6.3% | -230.5% |
| 2022 | 4.0% | -36.7% |
| 2023 | 1.7% | -56.7% |
| 2024 | 1.1% | -37.6% |
Belgium compared with similar countries
- Belgium's 1.1% is below the median for high income countries, which is 2.1%, 51% of the median. (80 countries reporting)
- Belgium's 1.1% is below the median for Europe & Central Asia, which is 2.6%, 41% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Belgium changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -526.6% | 0.4% | -1.9% |
| 2014 | +477.9% | 0.3% | 1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.8% | -1.9% | 3.7% | 10 |
| 2010s | 1.5% | 0.2% | 2.7% | 10 |
| 2020s | 1.6% | -4.8% | 6.3% | 5 |
Countries ranked near Belgium
- 181 French Polynesia 1.1% compare
- 182 Sao Tome and Principe 1.1% compare
- 183 Netherlands (Kingdom of the) 1.1% compare
- 185 Vanuatu 0.9% compare
- 186 Romania 0.9% compare
- 187 Equatorial Guinea 0.9% compare
More economy & growth data for Belgium
- Real gdp growth, annual growth rate -37.51 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.25 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 2.78 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0205 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,248 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.12 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.015 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 911.55 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.2 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Belgium?
- Annual gdp growth in Belgium was 1.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Belgium?
- The highest recorded value was 6.3% in 2021.
- What is the lowest annual gdp growth recorded in Belgium?
- The lowest recorded value was -4.8% in 2020.
- How does Belgium rank for annual gdp growth?
- Belgium ranks 184th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Belgium?
- Over the last ten years it is down 39.4%. The long-run trend across the full record is volatile.
- Where does this Belgium data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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