Gross Domestic Product — Value US$ in Belgium

Belgium: Gross Domestic Product — Value US$ was 664,696 million USD in 2024. ◆ Volatile

Latest (2024)
664,696 million USD
Change on year
up 3.1%
World rank
22nd
of 203 countries
All-time high
664,696 million USD
in 2024
All-time low
26,707 million USD
in 1970
Years of data
55
1970–2024

Gross Domestic Product — Value US$ in Belgium, 1970–2024

0200.0k400.0k600.0k197019972024

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

In 2024, gross domestic product — value us$ in Belgium stood at 664,696 million USD. That is the highest value across all 55 years on record.

The figure is up 3.1% on the previous year and up 23.6% over ten years.

Over the whole period, gross domestic product — value us$ in Belgium peaked at 664,696 million USD in 2024 and was at its lowest, 26,707 million USD, in 1970.

That places Belgium 22nd out of 203 countries with data for 2024, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Domestic Product — Value US$ in Belgium, year by year

Annual values for Gross Domestic Product — Value US$ in Belgium, 1970 to 2024.
Year million USD Change
1970 26,707 million USD
1971 29,822 million USD +11.7%
1972 37,210 million USD +24.8%
1973 47,744 million USD +28.3%
1974 56,034 million USD +17.4%
1975 65,676 million USD +17.2%
1976 71,114 million USD +8.3%
1977 82,838 million USD +16.5%
1978 101,251 million USD +22.2%
1979 116,317 million USD +14.9%
1980 126,832 million USD +9.0%
1981 104,729 million USD -17.4%
1982 92,093 million USD -12.1%
1983 87,183 million USD -5.3%
1984 83,348 million USD -4.4%
1985 86,266 million USD +3.5%
1986 120,020 million USD +39.1%
1987 149,396 million USD +24.5%
1988 162,306 million USD +8.6%
1989 164,221 million USD +1.2%
1990 205,330 million USD +25.0%
1991 210,508 million USD +2.5%
1992 234,792 million USD +11.5%
1993 224,715 million USD -4.3%
1994 244,894 million USD +9.0%
1995 288,029 million USD +17.6%
1996 279,196 million USD -3.1%
1997 252,705 million USD -9.5%
1998 258,523 million USD +2.3%
1999 258,246 million USD -0.1%
2000 236,792 million USD -8.3%
2001 236,746 million USD -0.0%
2002 258,384 million USD +9.1%
2003 318,083 million USD +23.1%
2004 369,215 million USD +16.1%
2005 385,715 million USD +4.5%
2006 408,260 million USD +5.8%
2007 470,922 million USD +15.3%
2008 517,328 million USD +9.9%
2009 485,015 million USD -6.2%
2010 481,556 million USD -0.7%
2011 527,197 million USD +9.5%
2012 498,414 million USD -5.5%
2013 524,097 million USD +5.2%
2014 537,987 million USD +2.7%
2015 461,045 million USD -14.3%
2016 474,272 million USD +2.9%
2017 500,909 million USD +5.6%
2018 542,639 million USD +8.3%
2019 536,726 million USD -1.1%
2020 529,694 million USD -1.3%
2021 598,494 million USD +13.0%
2022 593,439 million USD -0.8%
2023 644,783 million USD +8.7%
2024 664,696 million USD +3.1%

Averages by decade

DecadeAverage LowestHighest Years
1970s 63,471 million USD 26,707 million USD 116,317 million USD 10
1980s 117,639 million USD 83,348 million USD 164,221 million USD 10
1990s 245,694 million USD 205,330 million USD 288,029 million USD 10
2000s 368,646 million USD 236,746 million USD 517,328 million USD 10
2010s 508,484 million USD 461,045 million USD 542,639 million USD 10
2020s 606,221 million USD 529,694 million USD 664,696 million USD 5

Countries ranked near Belgium

  1. 19 Switzerland 936,564 million USD compare
  2. 20 Poland 911,037 million USD compare
  3. 21 USSR 790,484 million USD compare
  4. 23 Argentina 633,267 million USD compare
  5. 24 Sweden 609,566 million USD compare
  6. 25 Ireland 577,390 million USD compare

See the full ranking of 252 places →

More economy & growth data for Belgium

All data for Belgium →

Frequently asked questions

What is gross domestic product — value us$ in Belgium?
Gross domestic product — value us$ in Belgium was 664,696 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest gross domestic product — value us$ recorded in Belgium?
The highest recorded value was 664,696 million USD in 2024.
What is the lowest gross domestic product — value us$ recorded in Belgium?
The lowest recorded value was 26,707 million USD in 1970.
How does Belgium rank for gross domestic product — value us$?
Belgium ranks 22nd out of 203 countries with data for 2024.
Is gross domestic product — value us$ rising or falling in Belgium?
Over the last ten years it is up 23.6%. 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 US$. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value US$ in Belgium. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 22 August 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-us/belgium/

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About this data

Indicator
Gross Domestic Product — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
252 places, 12,899 data points, 1970–2024
Last refreshed

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).