Annual GDP growth in Belgium
Belgium: Annual GDP growth was 1.1% in 2024. ◆ Volatile
Annual GDP growth in Belgium, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Belgium recorded 1.1% for annual gdp growth in 2024.
That represents a change of down 37.4% on the previous year and down 39.5% over ten years.
Over the whole period, annual gdp growth in Belgium peaked at 6.2% in 2021 and was at its lowest, -4.8%, in 2020.
Belgium ranks 169th of 212 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% | +55.5% |
| 2003 | 1.0% | -39.2% |
| 2004 | 3.6% | +243.3% |
| 2005 | 2.3% | -35.0% |
| 2006 | 2.5% | +9.9% |
| 2007 | 3.7% | +44.3% |
| 2008 | 0.5% | -87.8% |
| 2009 | -1.9% | -524.4% |
| 2010 | 2.7% | -241.9% |
| 2011 | 1.9% | -28.8% |
| 2012 | 0.2% | -88.6% |
| 2013 | 0.3% | +40.9% |
| 2014 | 1.8% | +471.0% |
| 2015 | 1.5% | -16.9% |
| 2016 | 1.2% | -19.0% |
| 2017 | 1.5% | +23.5% |
| 2018 | 1.9% | +27.9% |
| 2019 | 2.4% | +29.8% |
| 2020 | -4.8% | -296.3% |
| 2021 | 6.2% | -230.5% |
| 2022 | 4.0% | -36.6% |
| 2023 | 1.7% | -56.8% |
| 2024 | 1.1% | -37.4% |
Belgium compared with similar countries
- Belgium's 1.1% is below the median for high income countries, which is 2.1%, 50% of the median. (83 countries reporting)
- Belgium's 1.1% is below the median for Europe & Central Asia, which is 2.1%, 50% 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 | -524.4% | 0.5% | -1.9% |
| 2014 | +471.0% | 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% | 6.2% | 5 |
Countries ranked near Belgium
- 167 Sao Tome and Principe 1.1% compare
- 168 Netherlands 1.1% compare
- 170 Vanuatu 0.9% compare
- 171 Romania 0.9% compare
- 172 Equatorial Guinea 0.9% compare
More economy & growth data for Belgium
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -19.31 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0266 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -1,617 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -28.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.39 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0397 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -2,411 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 33.22 % 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 World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Belgium?
- The highest recorded value was 6.2% 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 169th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Belgium?
- Over the last ten years it is down 39.5%. The long-run trend across the full record is volatile.
- Where does this Belgium data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%).