GDP growth in Belgium
Belgium: GDP growth was 1.07 in 2024. ◆ Volatile
Latest (2024)
1.07
Change on year
down 37.6%
World rank
53rd
of 74 countries
All-time high
6.96
in 1964
All-time low
-4.79
in 2020
Years of data
64
1961–2024
GDP growth in Belgium, 1961–2024
Source: UNICEF.
Analysis
In 2024, gdp growth in Belgium stood at 1.07.
That represents a change of down 37.6% on the previous year and down 39.4% over ten years.
Over the whole period, gdp growth in Belgium peaked at 6.96 in 1964 and was at its lowest, -4.79, in 2020.
That places Belgium 53rd out of 74 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Belgium, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 4.98 | — |
| 1962 | 5.21 | +4.7% |
| 1963 | 4.35 | -16.5% |
| 1964 | 6.96 | +59.9% |
| 1965 | 3.56 | -48.8% |
| 1966 | 3.16 | -11.4% |
| 1967 | 3.87 | +22.6% |
| 1968 | 4.19 | +8.4% |
| 1969 | 6.63 | +58.1% |
| 1970 | 6.35 | -4.2% |
| 1971 | 3.99 | -37.3% |
| 1972 | 5.3 | +32.9% |
| 1973 | 6.38 | +20.5% |
| 1974 | 4.57 | -28.5% |
| 1975 | -1.97 | -143.1% |
| 1976 | 5.65 | -387.5% |
| 1977 | 0.6262 | -88.9% |
| 1978 | 2.84 | +353.9% |
| 1979 | 2.34 | -17.6% |
| 1980 | 4.44 | +89.8% |
| 1981 | -0.2793 | -106.3% |
| 1982 | 0.595 | -313.0% |
| 1983 | 0.3118 | -47.6% |
| 1984 | 2.47 | +690.9% |
| 1985 | 1.65 | -33.0% |
| 1986 | 1.82 | +10.4% |
| 1987 | 2.31 | +26.5% |
| 1988 | 4.72 | +104.8% |
| 1989 | 3.47 | -26.6% |
| 1990 | 3.14 | -9.6% |
| 1991 | 1.83 | -41.6% |
| 1992 | 1.53 | -16.5% |
| 1993 | -0.9619 | -162.8% |
| 1994 | 3.23 | -435.5% |
| 1995 | 2.38 | -26.1% |
| 1996 | 1.32 | -44.6% |
| 1997 | 3.79 | +187.1% |
| 1998 | 1.96 | -48.3% |
| 1999 | 3.54 | +80.6% |
| 2000 | 3.72 | +4.9% |
| 2001 | 1.1 | -70.4% |
| 2002 | 1.71 | +55.2% |
| 2003 | 1.04 | -39.2% |
| 2004 | 3.57 | +244.1% |
| 2005 | 2.32 | -35.0% |
| 2006 | 2.55 | +9.9% |
| 2007 | 3.68 | +44.1% |
| 2008 | 0.4469 | -87.8% |
| 2009 | -1.91 | -526.6% |
| 2010 | 2.71 | -242.2% |
| 2011 | 1.93 | -28.7% |
| 2012 | 0.2158 | -88.8% |
| 2013 | 0.3055 | +41.6% |
| 2014 | 1.77 | +477.9% |
| 2015 | 1.47 | -16.5% |
| 2016 | 1.19 | -19.0% |
| 2017 | 1.47 | +23.5% |
| 2018 | 1.88 | +27.4% |
| 2019 | 2.44 | +30.1% |
| 2020 | -4.79 | -296.2% |
| 2021 | 6.25 | -230.5% |
| 2022 | 3.96 | -36.7% |
| 2023 | 1.71 | -56.7% |
| 2024 | 1.07 | -37.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.77 | 3.16 | 6.96 | 9 |
| 1970s | 3.61 | -1.97 | 6.38 | 10 |
| 1980s | 2.15 | -0.2793 | 4.72 | 10 |
| 1990s | 2.18 | -0.9619 | 3.79 | 10 |
| 2000s | 1.82 | -1.91 | 3.72 | 10 |
| 2010s | 1.54 | 0.2158 | 2.71 | 10 |
| 2020s | 1.64 | -4.79 | 6.25 | 5 |
Countries ranked near Belgium
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)
- GNI, Atlas method (current US$), annual growth rate 8.37 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9794 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 59,497 current US$ per person (2025)
- GNI (current US$), annual growth rate 7.66 % change on previous year (2025)
- GNI (current US$), per unit of GDP 1.01 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 61,517 current US$ per person (2025)
- GNI (current LCU), annual growth rate 3.13 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.8961 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gdp growth in Belgium?
- Gdp growth in Belgium was 1.07 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Belgium?
- The highest recorded value was 6.96 in 1964.
- What is the lowest gdp growth recorded in Belgium?
- The lowest recorded value was -4.79 in 2020.
- How does Belgium rank for gdp growth?
- Belgium ranks 53rd out of 74 countries with data for 2024.
- Is 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 UNICEF, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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