Government debt by instrument coverage — Debt securities and loans in Belgium
Belgium: Government debt by instrument coverage — Debt securities and loans was 108.88 Percentage of GDP in 2026. ▼ Falling
Government debt by instrument coverage — Debt securities and loans in Belgium, 1995–2026
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Belgium recorded 108.88 Percentage of GDP for government debt by instrument coverage — debt securities and loans in 2026.
Compared with earlier readings it is up 3.0% on the previous year and up 0.4% over ten years.
Over the whole period, government debt by instrument coverage — debt securities and loans in Belgium peaked at 133.92 Percentage of GDP in 1996 and was at its lowest, 90.38 Percentage of GDP, in 2008.
Belgium ranks 6th of 25 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 32 years of available data.
Government debt by instrument coverage — Debt securities and loans in Belgium, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1995 | 131.04 Percentage of GDP | — |
| 1996 | 133.92 Percentage of GDP | +2.2% |
| 1997 | 131.15 Percentage of GDP | -2.1% |
| 1998 | 124.92 Percentage of GDP | -4.8% |
| 1999 | 121.49 Percentage of GDP | -2.7% |
| 2000 | 114.36 Percentage of GDP | -5.9% |
| 2001 | 111.19 Percentage of GDP | -2.8% |
| 2002 | 110.81 Percentage of GDP | -0.3% |
| 2003 | 107.85 Percentage of GDP | -2.7% |
| 2004 | 105.37 Percentage of GDP | -2.3% |
| 2005 | 101.02 Percentage of GDP | -4.1% |
| 2006 | 97.92 Percentage of GDP | -3.1% |
| 2007 | 93.05 Percentage of GDP | -5.0% |
| 2008 | 90.38 Percentage of GDP | -2.9% |
| 2009 | 98.86 Percentage of GDP | +9.4% |
| 2010 | 103.38 Percentage of GDP | +4.6% |
| 2011 | 103.23 Percentage of GDP | -0.1% |
| 2012 | 105.7 Percentage of GDP | +2.4% |
| 2013 | 108.77 Percentage of GDP | +2.9% |
| 2014 | 109.2 Percentage of GDP | +0.4% |
| 2015 | 110.27 Percentage of GDP | +1.0% |
| 2016 | 108.47 Percentage of GDP | -1.6% |
| 2017 | 106.46 Percentage of GDP | -1.9% |
| 2018 | 105.08 Percentage of GDP | -1.3% |
| 2019 | 102.73 Percentage of GDP | -2.2% |
| 2020 | 102.03 Percentage of GDP | -0.7% |
| 2021 | 115.08 Percentage of GDP | +12.8% |
| 2022 | 102.88 Percentage of GDP | -10.6% |
| 2023 | 104.19 Percentage of GDP | +1.3% |
| 2024 | 105.19 Percentage of GDP | +1.0% |
| 2025 | 105.75 Percentage of GDP | +0.5% |
| 2026 | 108.88 Percentage of GDP | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 128.51 Percentage of GDP | 121.49 Percentage of GDP | 133.92 Percentage of GDP | 5 |
| 2000s | 103.08 Percentage of GDP | 90.38 Percentage of GDP | 114.36 Percentage of GDP | 10 |
| 2010s | 106.33 Percentage of GDP | 102.73 Percentage of GDP | 110.27 Percentage of GDP | 10 |
| 2020s | 106.29 Percentage of GDP | 102.03 Percentage of GDP | 115.08 Percentage of GDP | 7 |
Countries ranked near Belgium
- 3 Italy 130.12 Percentage of GDP compare
- 3 Latvia 45.53 Percentage of GDP compare
- 4 United States 117.01 Percentage of GDP compare
- 4 Netherlands 43.64 Percentage of GDP compare
- 5 Lithuania 42.01 Percentage of GDP compare
- 5 France 116.25 Percentage of GDP compare
- 6 Estonia 25.11 Percentage of GDP compare
- 7 Türkiye 24.2 Percentage of GDP compare
- 7 Spain 101.29 Percentage of GDP compare
- 8 Canada 95.08 Percentage of GDP compare
- 9 United Kingdom 93.69 Percentage of GDP 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 8.13 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9057 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 55,021 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 3.57 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8015 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 48,692 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 0.9109 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6675 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is government debt by instrument coverage — debt securities and loans in Belgium?
- Government debt by instrument coverage — debt securities and loans in Belgium was 108.88 Percentage of GDP in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest government debt by instrument coverage — debt securities and loans recorded in Belgium?
- The highest recorded value was 133.92 Percentage of GDP in 1996.
- What is the lowest government debt by instrument coverage — debt securities and loans recorded in Belgium?
- The lowest recorded value was 90.38 Percentage of GDP in 2008.
- How does Belgium rank for government debt by instrument coverage — debt securities and loans?
- Belgium ranks 6th out of 25 countries with data for 2026.
- Is government debt by instrument coverage — debt securities and loans rising or falling in Belgium?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is falling.
- Where does this Belgium data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Government debt by instrument coverage — Debt securities and loans. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The magnitude of government debt and debt-to-GDP ratios varies depending on which measure of debt is used. To promote international comparability, the IMF, the OECD and the World Bank have agreed on a set of standard debt measures, which are defined in the Public Sector Debt Statistics Guide for Compilers and Users and the Government Finance Statistics Manual 2014. Government gross debt is shown in four categories: D1 to D4. D1 is the narrowest measure, comprising only two financial instruments: debt securities and loans. D4 (‘total gross debt’) is the broadest measure and includes debt securities, loans, Special Drawing Rights, currency and deposits, other accounts payable and insurance, pensions and standardised guarantees. The D1 to D3 measures are comparable between OECD countries. D4 is the preferred measure of debt in the international accounting standards (System of National Accounts or SNA) but cross-country comparability is more difficult for D4 because countries have different approaches to recording unfunded pension liabilities for government employees. For more information, please see the document: Measuring Government Debt: D1-D4