Gross domestic product (GDP) in Belgium
Belgium: Gross domestic product (GDP) was 680.78 billion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Belgium, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Belgium recorded 680.78 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 74 years on record.
That represents a change of up 1.6% on the previous year and up 21.0% over ten years.
Over the whole period, gross domestic product (gdp) in Belgium peaked at 680.78 billion international-$ in 2021 prices in 2023 and was at its lowest, 81.67 billion international-$ in 2021 prices, in 1950.
Belgium ranks 38th of 184 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 94.40 billion international-$ in 2021 prices | 81.67 billion international-$ in 2021 prices | 104.32 billion international-$ in 2021 prices | 10 |
| 1960s | 136.17 billion international-$ in 2021 prices | 109.67 billion international-$ in 2021 prices | 165.10 billion international-$ in 2021 prices | 10 |
| 1970s | 213.50 billion international-$ in 2021 prices | 174.66 billion international-$ in 2021 prices | 248.97 billion international-$ in 2021 prices | 10 |
| 1980s | 253.84 billion international-$ in 2021 prices | 226.37 billion international-$ in 2021 prices | 287.50 billion international-$ in 2021 prices | 10 |
| 1990s | 338.45 billion international-$ in 2021 prices | 301.47 billion international-$ in 2021 prices | 378.61 billion international-$ in 2021 prices | 10 |
| 2000s | 456.76 billion international-$ in 2021 prices | 405.75 billion international-$ in 2021 prices | 521.74 billion international-$ in 2021 prices | 10 |
| 2010s | 569.00 billion international-$ in 2021 prices | 543.16 billion international-$ in 2021 prices | 618.20 billion international-$ in 2021 prices | 10 |
| 2020s | 648.83 billion international-$ in 2021 prices | 601.60 billion international-$ in 2021 prices | 680.78 billion international-$ in 2021 prices | 4 |
Countries ranked near Belgium
- 35 South Africa 797.74 billion international-$ in 2021 prices compare
- 36 Kazakhstan 697.15 billion international-$ in 2021 prices compare
- 39 Algeria 673.07 billion international-$ in 2021 prices compare
- 40 Romania 661.59 billion international-$ in 2021 prices compare
- 41 Sweden 628.73 billion international-$ in 2021 prices compare
More economy & growth data for Belgium
- External balance on goods and services as a percent of GDP -2.0% (2025)
- Inflation of consumer prices 2.5% (2025)
- GDP per capita 45,146 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 11.2% (2025)
- Gross domestic product (GDP) 539.12 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 45,146 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -10.14 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -10.98 billion current US$ (2024)
- Taxes less subsidies on products 60.55 billion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Belgium?
- Gross domestic product (gdp) in Belgium was 680.78 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Belgium?
- The highest recorded value was 680.78 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Belgium?
- The lowest recorded value was 81.67 billion international-$ in 2021 prices in 1950.
- How does Belgium rank for gross domestic product (gdp)?
- Belgium ranks 38th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Belgium?
- Over the last ten years it is up 21.0%. The long-run trend across the full record is volatile.
- Where does this Belgium data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.