Real gdp growth in Belgium
Belgium: Real gdp growth was 1.07 in 2024. ◆ Volatile
Real gdp growth in Belgium, 1980–2024
Source: Our World in Data.
Analysis
The most recent figure for real gdp growth in Belgium is 1.07, measured in 2024.
The figure is down 37.5% on the previous year and down 39.4% over ten years.
Over the whole period, real gdp growth in Belgium peaked at 6.25 in 2021 and was at its lowest, -4.79, in 2020.
Belgium ranks 165th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Belgium, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 4.44 | — |
| 1981 | -0.279 | -106.3% |
| 1982 | 0.595 | -313.3% |
| 1983 | 0.312 | -47.6% |
| 1984 | 2.47 | +690.4% |
| 1985 | 1.65 | -33.0% |
| 1986 | 1.82 | +10.4% |
| 1987 | 2.31 | +26.5% |
| 1988 | 4.72 | +104.7% |
| 1989 | 3.47 | -26.6% |
| 1990 | 3.14 | -9.6% |
| 1991 | 1.83 | -41.6% |
| 1992 | 1.53 | -16.5% |
| 1993 | -0.962 | -162.8% |
| 1994 | 3.23 | -435.4% |
| 1995 | 2.38 | -26.1% |
| 1996 | 1.32 | -44.6% |
| 1997 | 3.79 | +187.1% |
| 1998 | 1.96 | -48.3% |
| 1999 | 3.54 | +80.6% |
| 2000 | 3.72 | +4.9% |
| 2001 | 1.1 | -70.4% |
| 2002 | 1.71 | +55.2% |
| 2003 | 1.04 | -39.2% |
| 2004 | 3.57 | +244.0% |
| 2005 | 2.32 | -35.0% |
| 2006 | 2.55 | +9.9% |
| 2007 | 3.68 | +44.0% |
| 2008 | 0.447 | -87.8% |
| 2009 | -1.91 | -526.4% |
| 2010 | 2.71 | -242.2% |
| 2011 | 1.93 | -28.7% |
| 2012 | 0.216 | -88.8% |
| 2013 | 0.306 | +41.7% |
| 2014 | 1.77 | +477.1% |
| 2015 | 1.47 | -16.5% |
| 2016 | 1.19 | -19.1% |
| 2017 | 1.48 | +23.6% |
| 2018 | 1.88 | +27.3% |
| 2019 | 2.44 | +30.1% |
| 2020 | -4.79 | -296.2% |
| 2021 | 6.25 | -230.5% |
| 2022 | 3.96 | -36.7% |
| 2023 | 1.71 | -56.7% |
| 2024 | 1.07 | -37.5% |
Belgium compared with similar countries
- Belgium's 1.07 is below the median for high income countries, which is 2.4, 45% of the median. (67 countries reporting)
- Belgium's 1.07 is below the median for Europe & Central Asia, which is 2.55, 42% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 1984 | +690.4% | 0.312 | 2.47 |
| 2009 | -526.4% | 0.447 | -1.91 |
| 2014 | +477.1% | 0.306 | 1.77 |
| 1994 | +435.4% | -0.962 | 3.23 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.15 | -0.279 | 4.72 | 10 |
| 1990s | 2.18 | -0.962 | 3.79 | 10 |
| 2000s | 1.82 | -1.91 | 3.72 | 10 |
| 2010s | 1.54 | 0.216 | 2.71 | 10 |
| 2020s | 1.64 | -4.79 | 6.25 | 5 |
Countries ranked near Belgium
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 real gdp growth in Belgium?
- Real gdp growth in Belgium was 1.07 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Belgium?
- The highest recorded value was 6.25 in 2021.
- What is the lowest real gdp growth recorded in Belgium?
- The lowest recorded value was -4.79 in 2020.
- How does Belgium rank for real gdp growth?
- Belgium ranks 165th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Belgium?
- Over the last ten years it is down 39.4%. The long-run trend across the full record is volatile.
- Where does this Belgium data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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