GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Belgium
Belgium: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was 1.94 % change on previous year in 2024. ◆ Volatile
Latest (2024)
1.94 % change on previous year
Change on year
down 56.9%
World rank
159th
of 209 countries
All-time high
12.56 % change on previous year
in 1974
All-time low
0.4766 % change on previous year
in 1996
Years of data
54
1971–2024
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Belgium, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp deflator — value standard local currency, 2015 prices, annual in Belgium stood at 1.94 % change on previous year.
That represents a change of down 56.9% on the previous year and up 131.3% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in Belgium peaked at 12.56 % change on previous year in 1974 and was at its lowest, 0.4766 % change on previous year, in 1996.
Belgium ranks 159th of 209 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Belgium, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 5.6 % change on previous year | — |
| 1972 | 6.36 % change on previous year | +13.6% |
| 1973 | 7.07 % change on previous year | +11.2% |
| 1974 | 12.56 % change on previous year | +77.7% |
| 1975 | 12.16 % change on previous year | -3.2% |
| 1976 | 7.58 % change on previous year | -37.7% |
| 1977 | 7.48 % change on previous year | -1.3% |
| 1978 | 4.39 % change on previous year | -41.3% |
| 1979 | 4.51 % change on previous year | +2.7% |
| 1980 | 4.13 % change on previous year | -8.4% |
| 1981 | 5.14 % change on previous year | +24.5% |
| 1982 | 7.57 % change on previous year | +47.3% |
| 1983 | 5.61 % change on previous year | -25.9% |
| 1984 | 5.44 % change on previous year | -3.1% |
| 1985 | 4.63 % change on previous year | -14.9% |
| 1986 | 2.8 % change on previous year | -39.6% |
| 1987 | 1.68 % change on previous year | -39.8% |
| 1988 | 2.17 % change on previous year | +28.8% |
| 1989 | 4.8 % change on previous year | +121.2% |
| 1990 | 2.81 % change on previous year | -41.4% |
| 1991 | 2.88 % change on previous year | +2.3% |
| 1992 | 3.42 % change on previous year | +19.0% |
| 1993 | 3.99 % change on previous year | +16.6% |
| 1994 | 2.09 % change on previous year | -47.6% |
| 1995 | 1.22 % change on previous year | -41.7% |
| 1996 | 0.4766 % change on previous year | -61.0% |
| 1997 | 0.7576 % change on previous year | +59.0% |
| 1998 | 1.81 % change on previous year | +138.3% |
| 1999 | 0.5989 % change on previous year | -66.8% |
| 2000 | 2.01 % change on previous year | +236.4% |
| 2001 | 1.98 % change on previous year | -1.6% |
| 2002 | 1.64 % change on previous year | -17.3% |
| 2003 | 1.85 % change on previous year | +12.8% |
| 2004 | 1.92 % change on previous year | +3.5% |
| 2005 | 2.08 % change on previous year | +8.8% |
| 2006 | 2.26 % change on previous year | +8.7% |
| 2007 | 1.93 % change on previous year | -14.7% |
| 2008 | 1.91 % change on previous year | -1.2% |
| 2009 | 0.7818 % change on previous year | -59.0% |
| 2010 | 1.7 % change on previous year | +117.8% |
| 2011 | 2.29 % change on previous year | +34.6% |
| 2012 | 2.21 % change on previous year | -3.8% |
| 2013 | 1.41 % change on previous year | -36.0% |
| 2014 | 0.8403 % change on previous year | -40.5% |
| 2015 | 1.12 % change on previous year | +33.5% |
| 2016 | 1.9 % change on previous year | +68.9% |
| 2017 | 1.98 % change on previous year | +4.7% |
| 2018 | 1.72 % change on previous year | -13.4% |
| 2019 | 1.85 % change on previous year | +8.0% |
| 2020 | 1.6 % change on previous year | -13.9% |
| 2021 | 2.74 % change on previous year | +71.9% |
| 2022 | 6.84 % change on previous year | +149.5% |
| 2023 | 4.51 % change on previous year | -34.1% |
| 2024 | 1.94 % change on previous year | -56.9% |
Belgium compared with similar countries
- Belgium's 1.94 % change on previous year is below the median for high income countries, which is 2.83 % change on previous year, 69% of the median. (68 countries reporting)
- Belgium's 1.94 % change on previous year is below the median for Europe & Central Asia, which is 3.37 % change on previous year, 58% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.52 % change on previous year | 4.39 % change on previous year | 12.56 % change on previous year | 9 |
| 1980s | 4.4 % change on previous year | 1.68 % change on previous year | 7.57 % change on previous year | 10 |
| 1990s | 2.01 % change on previous year | 0.4766 % change on previous year | 3.99 % change on previous year | 10 |
| 2000s | 1.84 % change on previous year | 0.7818 % change on previous year | 2.26 % change on previous year | 10 |
| 2010s | 1.7 % change on previous year | 0.8403 % change on previous year | 2.29 % change on previous year | 10 |
| 2020s | 3.53 % change on previous year | 1.6 % change on previous year | 6.84 % change on previous year | 5 |
Countries ranked near Belgium
- 156 Italy 2.11 % change on previous year compare
- 157 Kiribati 2.02 % change on previous year compare
- 158 Trinidad and Tobago 1.99 % change on previous year compare
- 160 Greenland 1.93 % change on previous year compare
- 161 Jordan 1.9 % change on previous year compare
- 162 Denmark 1.82 % change on previous year 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 gdp deflator — value standard local currency, 2015 prices, annual in Belgium?
- Gdp deflator — value standard local currency, 2015 prices, annual in Belgium was 1.94 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in Belgium?
- The highest recorded value was 12.56 % change on previous year in 1974.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in Belgium?
- The lowest recorded value was 0.4766 % change on previous year in 1996.
- How does Belgium rank for gdp deflator — value standard local currency, 2015 prices, annual?
- Belgium ranks 159th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in Belgium?
- Over the last ten years it is up 131.3%. The long-run trend across the full record is volatile.
- Where does this Belgium data come from?
- The figures come from Statizoid (derived), published as part of GDP Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.