Gross Domestic Product — Value US$, annual growth rate (US annual) in Belgium
Belgium: Gross Domestic Product — Value US$, annual growth rate (US annual) was 3.09 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Belgium, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Belgium recorded 3.09 % change on previous year for gross domestic product — value us$, annual growth rate in 2024.
The figure is down 64.3% on the previous year and up 16.5% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Belgium peaked at 39.13 % change on previous year in 1986 and was at its lowest, -17.43 % change on previous year, in 1981.
Belgium ranks 173rd of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate (US annual) in Belgium, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.66 % change on previous year | — |
| 1972 | 24.77 % change on previous year | +112.4% |
| 1973 | 28.31 % change on previous year | +14.3% |
| 1974 | 17.36 % change on previous year | -38.7% |
| 1975 | 17.21 % change on previous year | -0.9% |
| 1976 | 8.28 % change on previous year | -51.9% |
| 1977 | 16.49 % change on previous year | +99.1% |
| 1978 | 22.23 % change on previous year | +34.8% |
| 1979 | 14.88 % change on previous year | -33.1% |
| 1980 | 9.04 % change on previous year | -39.2% |
| 1981 | -17.43 % change on previous year | -292.8% |
| 1982 | -12.07 % change on previous year | -30.8% |
| 1983 | -5.33 % change on previous year | -55.8% |
| 1984 | -4.4 % change on previous year | -17.5% |
| 1985 | 3.5 % change on previous year | -179.6% |
| 1986 | 39.13 % change on previous year | +1017.7% |
| 1987 | 24.48 % change on previous year | -37.4% |
| 1988 | 8.64 % change on previous year | -64.7% |
| 1989 | 1.18 % change on previous year | -86.3% |
| 1990 | 25.03 % change on previous year | +2021.6% |
| 1991 | 2.52 % change on previous year | -89.9% |
| 1992 | 11.54 % change on previous year | +357.4% |
| 1993 | -4.29 % change on previous year | -137.2% |
| 1994 | 8.98 % change on previous year | -309.2% |
| 1995 | 17.61 % change on previous year | +96.1% |
| 1996 | -3.07 % change on previous year | -117.4% |
| 1997 | -9.49 % change on previous year | +209.4% |
| 1998 | 2.3 % change on previous year | -124.3% |
| 1999 | -0.1071 % change on previous year | -104.7% |
| 2000 | -8.31 % change on previous year | +7653.4% |
| 2001 | -0.0194 % change on previous year | -99.8% |
| 2002 | 9.14 % change on previous year | -47148.3% |
| 2003 | 23.1 % change on previous year | +152.8% |
| 2004 | 16.08 % change on previous year | -30.4% |
| 2005 | 4.47 % change on previous year | -72.2% |
| 2006 | 5.84 % change on previous year | +30.8% |
| 2007 | 15.35 % change on previous year | +162.6% |
| 2008 | 9.85 % change on previous year | -35.8% |
| 2009 | -6.25 % change on previous year | -163.4% |
| 2010 | -0.7132 % change on previous year | -88.6% |
| 2011 | 9.48 % change on previous year | -1429.0% |
| 2012 | -5.46 % change on previous year | -157.6% |
| 2013 | 5.15 % change on previous year | -194.4% |
| 2014 | 2.65 % change on previous year | -48.6% |
| 2015 | -14.3 % change on previous year | -639.6% |
| 2016 | 2.87 % change on previous year | -120.1% |
| 2017 | 5.62 % change on previous year | +95.8% |
| 2018 | 8.33 % change on previous year | +48.3% |
| 2019 | -1.09 % change on previous year | -113.1% |
| 2020 | -1.31 % change on previous year | +20.2% |
| 2021 | 12.99 % change on previous year | -1091.4% |
| 2022 | -0.8446 % change on previous year | -106.5% |
| 2023 | 8.65 % change on previous year | -1124.4% |
| 2024 | 3.09 % change on previous year | -64.3% |
Belgium compared with similar countries
- Belgium's 3.09 % change on previous year is below the median for high income countries, which is 4.61 % change on previous year, 67% of the median. (73 countries reporting)
- Belgium's 3.09 % change on previous year is below the median for Europe & Central Asia, which is 5.92 % change on previous year, 52% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate (US annual) 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 |
|---|---|---|---|
| 2002 | +47148.3% | -0.0194 % change on previous year | 9.14 % change on previous year |
| 2000 | -7653.4% | -0.1071 % change on previous year | -8.31 % change on previous year |
| 1990 | +2021.6% | 1.18 % change on previous year | 25.03 % change on previous year |
| 2011 | +1429.0% | -0.7132 % change on previous year | 9.48 % change on previous year |
| 2023 | +1124.4% | -0.8446 % change on previous year | 8.65 % change on previous year |
| 2021 | +1091.4% | -1.31 % change on previous year | 12.99 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.91 % change on previous year | 8.28 % change on previous year | 28.31 % change on previous year | 9 |
| 1980s | 4.67 % change on previous year | -17.43 % change on previous year | 39.13 % change on previous year | 10 |
| 1990s | 5.1 % change on previous year | -9.49 % change on previous year | 25.03 % change on previous year | 10 |
| 2000s | 6.93 % change on previous year | -8.31 % change on previous year | 23.1 % change on previous year | 10 |
| 2010s | 1.25 % change on previous year | -14.3 % change on previous year | 9.48 % change on previous year | 10 |
| 2020s | 4.51 % change on previous year | -1.31 % change on previous year | 12.99 % change on previous year | 5 |
Countries ranked near Belgium
- 170 Canada 3.12 % change on previous year compare
- 171 Paraguay 3.11 % change on previous year compare
- 172 Vanuatu 3.1 % change on previous year compare
- 174 San Marino 3.08 % change on previous year compare
- 175 Angola 2.99 % change on previous year compare
- 176 Germany 2.97 % change on previous year compare
More economy & growth data for Belgium
- Real gdp growth, annual growth rate -37.51 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.78 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0205 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,248 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.12 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.015 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 911.55 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.2 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Belgium?
- Gross domestic product — value us$, annual growth rate in Belgium was 3.09 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Belgium?
- The highest recorded value was 39.13 % change on previous year in 1986.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Belgium?
- The lowest recorded value was -17.43 % change on previous year in 1981.
- How does Belgium rank for gross domestic product — value us$, annual growth rate?
- Belgium ranks 173rd out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Belgium?
- Over the last ten years it is up 16.5%. 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 — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.