Gross Domestic Product — Value Standard Local Currency in Belgium
Belgium: Gross Domestic Product — Value Standard Local Currency was 614,105 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Belgium, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Belgium stood at 614,105 million SLC. That is the highest value across all 55 years on record.
The figure is up 3.0% on the previous year and up 51.6% over ten years.
Over the whole period, gross domestic product — value standard local currency in Belgium peaked at 614,105 million SLC in 2024 and was at its lowest, 33,102 million SLC, in 1970.
That places Belgium 119th out of 218 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.
Gross Domestic Product — Value Standard Local Currency in Belgium, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 33,102 million SLC | — |
| 1971 | 36,266 million SLC | +9.6% |
| 1972 | 40,599 million SLC | +11.9% |
| 1973 | 46,130 million SLC | +13.6% |
| 1974 | 54,106 million SLC | +17.3% |
| 1975 | 59,879 million SLC | +10.7% |
| 1976 | 68,056 million SLC | +13.7% |
| 1977 | 73,603 million SLC | +8.2% |
| 1978 | 79,043 million SLC | +7.4% |
| 1979 | 84,538 million SLC | +7.0% |
| 1980 | 91,939 million SLC | +8.8% |
| 1981 | 96,394 million SLC | +4.8% |
| 1982 | 104,308 million SLC | +8.2% |
| 1983 | 110,506 million SLC | +5.9% |
| 1984 | 119,390 million SLC | +8.0% |
| 1985 | 126,978 million SLC | +6.4% |
| 1986 | 132,909 million SLC | +4.7% |
| 1987 | 138,265 million SLC | +4.0% |
| 1988 | 147,936 million SLC | +7.0% |
| 1989 | 160,411 million SLC | +8.4% |
| 1990 | 170,097 million SLC | +6.0% |
| 1991 | 178,198 million SLC | +4.8% |
| 1992 | 187,121 million SLC | +5.0% |
| 1993 | 192,721 million SLC | +3.0% |
| 1994 | 203,107 million SLC | +5.4% |
| 1995 | 210,489 million SLC | +3.6% |
| 1996 | 214,287 million SLC | +1.8% |
| 1997 | 224,102 million SLC | +4.6% |
| 1998 | 232,624 million SLC | +3.8% |
| 1999 | 242,308 million SLC | +4.2% |
| 2000 | 256,376 million SLC | +5.8% |
| 2001 | 264,335 million SLC | +3.1% |
| 2002 | 273,256 million SLC | +3.4% |
| 2003 | 281,200 million SLC | +2.9% |
| 2004 | 296,820 million SLC | +5.6% |
| 2005 | 310,038 million SLC | +4.5% |
| 2006 | 325,152 million SLC | +4.9% |
| 2007 | 343,619 million SLC | +5.7% |
| 2008 | 351,743 million SLC | +2.4% |
| 2009 | 347,735 million SLC | -1.1% |
| 2010 | 363,242 million SLC | +4.5% |
| 2011 | 378,745 million SLC | +4.3% |
| 2012 | 387,935 million SLC | +2.4% |
| 2013 | 394,616 million SLC | +1.7% |
| 2014 | 404,958 million SLC | +2.6% |
| 2015 | 415,538 million SLC | +2.6% |
| 2016 | 428,467 million SLC | +3.1% |
| 2017 | 443,407 million SLC | +3.5% |
| 2018 | 459,492 million SLC | +3.6% |
| 2019 | 479,445 million SLC | +4.3% |
| 2020 | 463,751 million SLC | -3.3% |
| 2021 | 506,023 million SLC | +9.1% |
| 2022 | 563,544 million SLC | +11.4% |
| 2023 | 596,321 million SLC | +5.8% |
| 2024 | 614,105 million SLC | +3.0% |
Belgium compared with similar countries
- Belgium's 614,105 million SLC is above the median for high income countries, which is 257,567 million SLC, 2.4× the median. (72 countries reporting)
- Belgium's 614,105 million SLC is above the median for Europe & Central Asia, which is 507,692 million SLC, 1.2× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 57,532 million SLC | 33,102 million SLC | 84,538 million SLC | 10 |
| 1980s | 122,904 million SLC | 91,939 million SLC | 160,411 million SLC | 10 |
| 1990s | 205,505 million SLC | 170,097 million SLC | 242,308 million SLC | 10 |
| 2000s | 305,027 million SLC | 256,376 million SLC | 351,743 million SLC | 10 |
| 2010s | 415,584 million SLC | 363,242 million SLC | 479,445 million SLC | 10 |
| 2020s | 548,749 million SLC | 463,751 million SLC | 614,105 million SLC | 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)
- 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 — value standard local currency in Belgium?
- Gross domestic product — value standard local currency in Belgium was 614,105 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Belgium?
- The highest recorded value was 614,105 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Belgium?
- The lowest recorded value was 33,102 million SLC in 1970.
- How does Belgium rank for gross domestic product — value standard local currency?
- Belgium ranks 119th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Belgium?
- Over the last ten years it is up 51.6%. The long-run trend across the full record is volatile.
- Where does this Belgium data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).