Gross domestic product (GDP) in Belgium
Belgium: Gross domestic product (GDP) was 680.78 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
680.78 billion international-$ in 2021 prices
Change on year
up 1.6%
World rank
38th
of 184 countries
All-time high
680.78 billion international-$ in 2021 prices
in 2023
All-time low
81.67 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
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.
Gross domestic product (GDP) in Belgium, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 81.67 billion international-$ in 2021 prices | — |
| 1951 | 85.05 billion international-$ in 2021 prices | +4.1% |
| 1952 | 86.97 billion international-$ in 2021 prices | +2.3% |
| 1953 | 89.68 billion international-$ in 2021 prices | +3.1% |
| 1954 | 93.73 billion international-$ in 2021 prices | +4.5% |
| 1955 | 97.96 billion international-$ in 2021 prices | +4.5% |
| 1956 | 100.74 billion international-$ in 2021 prices | +2.8% |
| 1957 | 102.49 billion international-$ in 2021 prices | +1.7% |
| 1958 | 101.41 billion international-$ in 2021 prices | -1.1% |
| 1959 | 104.32 billion international-$ in 2021 prices | +2.9% |
| 1960 | 109.67 billion international-$ in 2021 prices | +5.1% |
| 1961 | 115.46 billion international-$ in 2021 prices | +5.3% |
| 1962 | 121.69 billion international-$ in 2021 prices | +5.4% |
| 1963 | 126.50 billion international-$ in 2021 prices | +3.9% |
| 1964 | 135.06 billion international-$ in 2021 prices | +6.8% |
| 1965 | 139.87 billion international-$ in 2021 prices | +3.6% |
| 1966 | 143.66 billion international-$ in 2021 prices | +2.7% |
| 1967 | 149.16 billion international-$ in 2021 prices | +3.8% |
| 1968 | 155.54 billion international-$ in 2021 prices | +4.3% |
| 1969 | 165.10 billion international-$ in 2021 prices | +6.1% |
| 1970 | 174.66 billion international-$ in 2021 prices | +5.8% |
| 1971 | 181.67 billion international-$ in 2021 prices | +4.0% |
| 1972 | 192.84 billion international-$ in 2021 prices | +6.1% |
| 1973 | 206.30 billion international-$ in 2021 prices | +7.0% |
| 1974 | 215.62 billion international-$ in 2021 prices | +4.5% |
| 1975 | 214.06 billion international-$ in 2021 prices | -0.7% |
| 1976 | 228.08 billion international-$ in 2021 prices | +6.5% |
| 1977 | 231.80 billion international-$ in 2021 prices | +1.6% |
| 1978 | 241.04 billion international-$ in 2021 prices | +4.0% |
| 1979 | 248.97 billion international-$ in 2021 prices | +3.3% |
| 1980 | 266.10 billion international-$ in 2021 prices | +6.9% |
| 1981 | 254.04 billion international-$ in 2021 prices | -4.5% |
| 1982 | 245.90 billion international-$ in 2021 prices | -3.2% |
| 1983 | 238.67 billion international-$ in 2021 prices | -2.9% |
| 1984 | 237.67 billion international-$ in 2021 prices | -0.4% |
| 1985 | 226.37 billion international-$ in 2021 prices | -4.8% |
| 1986 | 243.97 billion international-$ in 2021 prices | +7.8% |
| 1987 | 258.57 billion international-$ in 2021 prices | +6.0% |
| 1988 | 279.62 billion international-$ in 2021 prices | +8.1% |
| 1989 | 287.50 billion international-$ in 2021 prices | +2.8% |
| 1990 | 301.47 billion international-$ in 2021 prices | +4.9% |
| 1991 | 307.44 billion international-$ in 2021 prices | +2.0% |
| 1992 | 320.09 billion international-$ in 2021 prices | +4.1% |
| 1993 | 323.34 billion international-$ in 2021 prices | +1.0% |
| 1994 | 333.21 billion international-$ in 2021 prices | +3.1% |
| 1995 | 348.59 billion international-$ in 2021 prices | +4.6% |
| 1996 | 347.45 billion international-$ in 2021 prices | -0.3% |
| 1997 | 361.94 billion international-$ in 2021 prices | +4.2% |
| 1998 | 362.35 billion international-$ in 2021 prices | +0.1% |
| 1999 | 378.61 billion international-$ in 2021 prices | +4.5% |
| 2000 | 405.75 billion international-$ in 2021 prices | +7.2% |
| 2001 | 410.02 billion international-$ in 2021 prices | +1.1% |
| 2002 | 425.96 billion international-$ in 2021 prices | +3.9% |
| 2003 | 433.89 billion international-$ in 2021 prices | +1.9% |
| 2004 | 440.92 billion international-$ in 2021 prices | +1.6% |
| 2005 | 479.84 billion international-$ in 2021 prices | +8.8% |
| 2006 | 461.99 billion international-$ in 2021 prices | -3.7% |
| 2007 | 479.54 billion international-$ in 2021 prices | +3.8% |
| 2008 | 521.74 billion international-$ in 2021 prices | +8.8% |
| 2009 | 507.98 billion international-$ in 2021 prices | -2.6% |
| 2010 | 543.16 billion international-$ in 2021 prices | +6.9% |
| 2011 | 561.04 billion international-$ in 2021 prices | +3.3% |
| 2012 | 563.36 billion international-$ in 2021 prices | +0.4% |
| 2013 | 562.58 billion international-$ in 2021 prices | -0.1% |
| 2014 | 568.64 billion international-$ in 2021 prices | +1.1% |
| 2015 | 550.43 billion international-$ in 2021 prices | -3.2% |
| 2016 | 562.65 billion international-$ in 2021 prices | +2.2% |
| 2017 | 581.32 billion international-$ in 2021 prices | +3.3% |
| 2018 | 578.65 billion international-$ in 2021 prices | -0.5% |
| 2019 | 618.20 billion international-$ in 2021 prices | +6.8% |
| 2020 | 601.60 billion international-$ in 2021 prices | -2.7% |
| 2021 | 642.66 billion international-$ in 2021 prices | +6.8% |
| 2022 | 670.29 billion international-$ in 2021 prices | +4.3% |
| 2023 | 680.78 billion international-$ in 2021 prices | +1.6% |
Belgium compared with similar countries
- Belgium's 680.78 billion international-$ in 2021 prices is above the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 2.5× the median. (66 countries reporting)
- Belgium's 680.78 billion international-$ in 2021 prices is above the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 2.2× the median. (48 countries reporting)
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
- 37 Ireland 688.78 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
- 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$), annual growth rate 33.22 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Belgium?
- Gross domestic product (gdp) in Belgium was 680.78 billion international-$ 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.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.