Real gdp growth in Belgium
Belgium: Real gdp growth was 1.07 in 2024. ◆ Volatile
Latest (2024)
1.07
Change on year
down 37.5%
World rank
165th
of 196 countries
All-time high
6.25
in 2021
All-time low
-4.79
in 2020
Years of data
45
1980–2024
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.
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
- 162 South Africa 1.11 compare
- 163 Sao Tome and Principe 1.11 compare
- 164 Norway 1.08 compare
- 166 Slovenia 1.06 compare
- 167 Sweden 1.02 compare
- 168 South Korea 1.01 compare
More economy & growth data for Belgium
- External balance on goods and services as a percent of gdp -2.02 (2025)
- Inflation of consumer prices 2.47 (2025)
- Gdp per capita worldbank constant usd 45,146 (2025)
- Manufacturing value added to gdp 11.17 (2025)
- Gdp worldbank constant usd 539.12 billion (2025)
- Gdp per capita in international and market dollars 45,146 (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -10.14 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -10.98 billion current US$ (2024)
- Taxes less subsidies on products 60.55 billion current LCU (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.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (Our World in Data).