Gross domestic product (GDP), annual growth rate in Belgium
Belgium: Gross domestic product (GDP), annual growth rate was 1.57 % change on previous year in 2023. ◆ Volatile
Latest (2023)
1.57 % change on previous year
Change on year
down 63.6%
World rank
109th
of 184 countries
All-time high
8.83 % change on previous year
in 2005
All-time low
-4.75 % change on previous year
in 1985
Years of data
73
1951–2023
Gross domestic product (GDP), annual growth rate in Belgium, 1951–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Belgium stood at 1.57 % change on previous year.
That represents a change of down 63.6% on the previous year and up 1,219.6% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Belgium peaked at 8.83 % change on previous year in 2005 and was at its lowest, -4.75 % change on previous year, in 1985.
That places Belgium 109th out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Belgium, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 4.14 % change on previous year | — |
| 1952 | 2.26 % change on previous year | -45.4% |
| 1953 | 3.12 % change on previous year | +38.1% |
| 1954 | 4.52 % change on previous year | +44.8% |
| 1955 | 4.51 % change on previous year | -0.1% |
| 1956 | 2.84 % change on previous year | -37.1% |
| 1957 | 1.74 % change on previous year | -38.6% |
| 1958 | -1.06 % change on previous year | -160.9% |
| 1959 | 2.87 % change on previous year | -370.9% |
| 1960 | 5.13 % change on previous year | +78.5% |
| 1961 | 5.28 % change on previous year | +2.9% |
| 1962 | 5.4 % change on previous year | +2.2% |
| 1963 | 3.95 % change on previous year | -26.8% |
| 1964 | 6.77 % change on previous year | +71.4% |
| 1965 | 3.57 % change on previous year | -47.3% |
| 1966 | 2.71 % change on previous year | -24.1% |
| 1967 | 3.83 % change on previous year | +41.3% |
| 1968 | 4.28 % change on previous year | +11.9% |
| 1969 | 6.14 % change on previous year | +43.5% |
| 1970 | 5.79 % change on previous year | -5.8% |
| 1971 | 4.02 % change on previous year | -30.6% |
| 1972 | 6.15 % change on previous year | +53.1% |
| 1973 | 6.98 % change on previous year | +13.5% |
| 1974 | 4.52 % change on previous year | -35.2% |
| 1975 | -0.7253 % change on previous year | -116.0% |
| 1976 | 6.55 % change on previous year | -1002.8% |
| 1977 | 1.63 % change on previous year | -75.1% |
| 1978 | 3.98 % change on previous year | +144.1% |
| 1979 | 3.29 % change on previous year | -17.4% |
| 1980 | 6.88 % change on previous year | +109.2% |
| 1981 | -4.53 % change on previous year | -165.9% |
| 1982 | -3.2 % change on previous year | -29.3% |
| 1983 | -2.94 % change on previous year | -8.3% |
| 1984 | -0.4202 % change on previous year | -85.7% |
| 1985 | -4.75 % change on previous year | +1031.5% |
| 1986 | 7.78 % change on previous year | -263.5% |
| 1987 | 5.98 % change on previous year | -23.1% |
| 1988 | 8.14 % change on previous year | +36.1% |
| 1989 | 2.82 % change on previous year | -65.4% |
| 1990 | 4.86 % change on previous year | +72.4% |
| 1991 | 1.98 % change on previous year | -59.2% |
| 1992 | 4.11 % change on previous year | +107.6% |
| 1993 | 1.02 % change on previous year | -75.3% |
| 1994 | 3.05 % change on previous year | +200.1% |
| 1995 | 4.61 % change on previous year | +51.2% |
| 1996 | -0.3253 % change on previous year | -107.0% |
| 1997 | 4.17 % change on previous year | -1381.6% |
| 1998 | 0.1124 % change on previous year | -97.3% |
| 1999 | 4.49 % change on previous year | +3889.9% |
| 2000 | 7.17 % change on previous year | +59.8% |
| 2001 | 1.05 % change on previous year | -85.3% |
| 2002 | 3.89 % change on previous year | +270.0% |
| 2003 | 1.86 % change on previous year | -52.1% |
| 2004 | 1.62 % change on previous year | -12.9% |
| 2005 | 8.83 % change on previous year | +445.0% |
| 2006 | -3.72 % change on previous year | -142.1% |
| 2007 | 3.8 % change on previous year | -202.2% |
| 2008 | 8.8 % change on previous year | +131.5% |
| 2009 | -2.64 % change on previous year | -130.0% |
| 2010 | 6.93 % change on previous year | -362.7% |
| 2011 | 3.29 % change on previous year | -52.5% |
| 2012 | 0.4142 % change on previous year | -87.4% |
| 2013 | -0.1399 % change on previous year | -133.8% |
| 2014 | 1.08 % change on previous year | -870.6% |
| 2015 | -3.2 % change on previous year | -397.1% |
| 2016 | 2.22 % change on previous year | -169.3% |
| 2017 | 3.32 % change on previous year | +49.5% |
| 2018 | -0.4584 % change on previous year | -113.8% |
| 2019 | 6.83 % change on previous year | -1590.9% |
| 2020 | -2.69 % change on previous year | -139.3% |
| 2021 | 6.82 % change on previous year | -354.1% |
| 2022 | 4.3 % change on previous year | -37.0% |
| 2023 | 1.57 % change on previous year | -63.6% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Belgium changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +3889.9% | 0.1124 % change on previous year | 4.49 % change on previous year |
| 2019 | +1590.9% | -0.4584 % change on previous year | 6.83 % change on previous year |
| 1997 | +1381.6% | -0.3253 % change on previous year | 4.17 % change on previous year |
| 1985 | -1031.5% | -0.4202 % change on previous year | -4.75 % change on previous year |
| 1976 | +1002.8% | -0.7253 % change on previous year | 6.55 % change on previous year |
| 2014 | +870.6% | -0.1399 % change on previous year | 1.08 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 2.77 % change on previous year | -1.06 % change on previous year | 4.52 % change on previous year | 9 |
| 1960s | 4.7 % change on previous year | 2.71 % change on previous year | 6.77 % change on previous year | 10 |
| 1970s | 4.22 % change on previous year | -0.7253 % change on previous year | 6.98 % change on previous year | 10 |
| 1980s | 1.58 % change on previous year | -4.75 % change on previous year | 8.14 % change on previous year | 10 |
| 1990s | 2.81 % change on previous year | -0.3253 % change on previous year | 4.86 % change on previous year | 10 |
| 2000s | 3.07 % change on previous year | -3.72 % change on previous year | 8.83 % change on previous year | 10 |
| 2010s | 2.03 % change on previous year | -3.2 % change on previous year | 6.93 % change on previous year | 10 |
| 2020s | 2.5 % change on previous year | -2.69 % change on previous year | 6.82 % change on previous year | 4 |
Countries ranked near Belgium
- 106 Malawi 1.78 % change on previous year compare
- 107 Albania 1.76 % change on previous year compare
- 108 Jordan 1.69 % change on previous year compare
- 110 Congo 1.54 % change on previous year compare
- 111 South Korea 1.5 % change on previous year compare
- 112 Taiwan 1.46 % 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 gross domestic product (gdp), annual growth rate in Belgium?
- Gross domestic product (gdp), annual growth rate in Belgium was 1.57 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Belgium?
- The highest recorded value was 8.83 % change on previous year in 2005.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Belgium?
- The lowest recorded value was -4.75 % change on previous year in 1985.
- How does Belgium rank for gross domestic product (gdp), annual growth rate?
- Belgium ranks 109th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Belgium?
- Over the last ten years it is up 1,219.6%. 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 Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
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 Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.