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Belgium GDP

Belgium's GDP rose to $664.56 billion in 2024, up from $644.66 billion in 2023, according to World Bank. This represents an increase of 3.1% ($19.91 billion) from the previous year and accounts for 0.6% of the world's total GDP. Belgium has GDP higher than the global median ($664.56 billion vs median $35.85 billion). Compared with the median in Europe, Belgium is higher ($664.56 billion vs regional median $126.99 billion) and ranks 11th out of 48 countries in Europe.

Belgium's GDP per capita rose to $44,837.72 in 2024, up from $44,722.2 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 664.56
2023 644.66
2022 593.61
2021 598.52
2020 529.69
2019 536.73
2018 542.64
2017 500.91
2016 474.27
2015 461.04
2014 537.99
2013 524.1
2012 498.41
2011 527.2
2010 481.56
2009 485.01
2008 517.33
2007 470.92
2006 408.26
2005 385.71
2004 369.21
2003 318.08
2002 258.38
2001 236.75
2000 236.79
1999 258.25
1998 258.53
1997 252.71
1996 279.2
1995 288.03
1994 244.88
1993 224.72
1992 234.78
1991 210.51
1990 205.33
1989 164.22
1988 162.3
1987 149.39
1986 120.02
1985 86.27
1984 83.35
1983 87.18
1982 92.1
1981 104.73
1980 126.83
1979 116.32
1978 101.25
1977 82.84
1976 71.11
1975 65.68
1974 56.03
1973 47.74
1972 37.21
1971 29.82
1970 26.71
1969 24.02
1968 21.65
1967 20.25
1966 18.89
1965 17.6
1964 16.17
1963 14.45
1962 13.44
1961 12.56
1960 11.81
Belgium GDP : Definition
GDP measures the total value of all goods and services produced in Belgium, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 1.02% 1.2% 2024
GDP Growth Rate (QoQ) 0.2% 0.4% Jun'25
GDP Growth Rate (YoY) 1% 1.1% Jun'25
GDP per Capita $44,837.72 $44,722.2 2024
GDP per Capita PPP $63,083.18 $62,920.64 2024
R&D Expenditure (% GDP) 3.41% 3.39% 2022
Real GDP $532.53B $527.16B 2024