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Belgium Real GDP

Belgium's real GDP rose to $532.53 billion in 2024, up from $527.16 billion in 2023, according to World Bank. This represents an increase of 1% ($5.37 billion) from the previous year and accounts for 0.55% of the world's total real GDP. Belgium has real GDP higher than the global median ($532.53 billion vs median $29.34 billion). Compared with the median in Europe, Belgium is higher ($532.53 billion vs regional median $78.54 billion) and ranks 12th out of 47 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 Real GDP (Billion USD)
2024 532.53
2023 527.16
2022 520.9
2021 499.62
2020 470.42
2019 494.1
2018 482.32
2017 473.43
2016 466.55
2015 461.04
2014 454.35
2013 446.46
2012 445.1
2011 444.15
2010 435.73
2009 424.23
2008 432.48
2007 430.55
2006 415.28
2005 404.95
2004 395.76
2003 382.11
2002 378.19
2001 371.84
2000 367.8
1999 354.62
1998 342.48
1997 335.89
1996 323.62
1995 319.4
1994 311.96
1993 302.21
1992 305.14
1991 300.54
1990 295.13
1989 286.15
1988 276.56
1987 264.09
1986 258.13
1985 253.51
1984 249.39
1983 243.39
1982 242.63
1981 241.2
1980 241.87
1979 231.58
1978 226.28
1977 220.03
1976 218.66
1975 206.96
1974 211.11
1973 201.89
1972 189.78
1971 180.24
1970 173.33
1969 162.98
1968 152.84
1967 146.69
1966 141.23
1965 136.91
1964 132.2
1963 123.6
1962 118.45
1961 112.58
1960 107.24
Belgium Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Belgium, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $664.56B $644.66B 2024
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