Belgium GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Belgium's GDP changed from approximately $123B 478M in 1980 to $655B 192M in 2024, showing an overall 430.6% sharply increased during the period.
The lowest GDP was recorded in 1984 at $81B 237M, and the highest in 2024 at $655B 192M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.9%.
For comparison, the average annual growth rate of France was 3.5%, and that of Netherlands was 4.1%.

Overview of Belgium's GDP (1980–2024)

The Gross Domestic Product (GDP) of Belgium recorded a 430.6% sharply increased from 1980 to 2024.
The average GDP during this period was $340B 797M, and the median was $288B 301M.
GDP fluctuated within a range of $573B 955M, with a standard deviation of $175B 706M.
The average annual change was $13B 14M.


Belgium GDP from 1980 to 2024

The total market value of goods and services produced annually in Belgium.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1984, $81B 237M
    • Highest GDP: 2024, $655B 192M
    • Most Recent GDP: 2024, $655B 192M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Belgium's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $535B 924M → $525B 842M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $470B 978M → $482B 730M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $236B 897M → $236B 748M
    • Outcome: remained stable

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $253B 22M → $258B 875M
    • Outcome: increased

    Key Economic Indicators of Belgium (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 123B 478M
    $ 12,529.35
    $ 10,769.32
    $ 106B 133M
    4.444 %
    -3.999 %
    19.84 %
    -3.941 %
    9M 855K people
    1981
    $ 102B 245M
    $ 10,366.11
    $ 11,745.45
    $ 115B 850M
    -0.279 %
    -4.094 %
    17.42 %
    -8.441 %
    9M 863K people
    1982
    $ 89B 958M
    $ 9,128.58
    $ 12,556.63
    $ 123B 740M
    0.595 %
    -2.898 %
    16.60 %
    -4.204 %
    9M 855K people
    1983
    $ 85B 37M
    $ 8,626.16
    $ 13,084.47
    $ 128B 987M
    0.312 %
    -0.584 %
    16.30 %
    -5.998 %
    9M 858K people
    1984
    $ 81B 237M
    $ 8,244.85
    $ 13,898.13
    $ 136B 939M
    2.466 %
    -0.067 %
    17.52 %
    -2.053 %
    9M 853K people
    1985
    $ 84B 467M
    $ 8,568.65
    $ 14,567.50
    $ 143B 602M
    1.652 %
    0.799 %
    17.60 %
    -0.759 %
    9M 858K people
    1986
    $ 117B 63M
    $ 11,873.81
    $ 15,129.86
    $ 149B 164M
    1.823 %
    2.622 %
    18.72 %
    -0.278 %
    9M 859K people
    1987
    $ 145B 411M
    $ 14,740.46
    $ 15,853.02
    $ 156B 386M
    2.307 %
    1.926 %
    19.68 %
    1.55 %
    9M 865K people
    1988
    $ 158B 97M
    $ 16,008.64
    $ 17,168.18
    $ 169B 548M
    4.723 %
    2.277 %
    22.18 %
    2.026 %
    9M 876K people
    1989
    $ 159B 816M
    $ 16,098.16
    $ 18,363.86
    $ 182B 309M
    3.469 %
    2.255 %
    23.47 %
    2.97 %
    9M 928K people
    1990
    $ 200B 149M
    $ 20,119.94
    $ 19,608.98
    $ 195B 66M
    3.137 %
    1.817 %
    23.65 %
    4.124 %
    9M 948K people
    1991
    $ 205B 369M
    $ 20,563.73
    $ 20,562.83
    $ 205B 360M
    1.833 %
    2.319 %
    22.74 %
    3.066 %
    9M 987K people
    1992
    $ 228B 732M
    $ 22,823.03
    $ 21,278.75
    $ 213B 256M
    1.531 %
    2.914 %
    23.06 %
    2.097 %
    10M 22K people
    1993
    $ 218B 720M
    $ 21,723.62
    $ 21,474.28
    $ 216B 210M
    -0.962 %
    5.144 %
    24.41 %
    2.697 %
    10M 68K people
    1994
    $ 238B 622M
    $ 23,624.47
    $ 22,568.20
    $ 227B 953M
    3.227 %
    5.28 %
    25.63 %
    3.615 %
    10M 101K people
    1995
    $ 288B 301M
    $ 28,458.47
    $ 23,521.08
    $ 238B 282M
    2.385 %
    5.339 %
    25.77 %
    3.844 %
    10M 131K people
    1996
    $ 279B 292M
    $ 27,535.29
    $ 24,238.35
    $ 245B 851M
    1.321 %
    4.954 %
    25.25 %
    3.982 %
    10M 143K people
    1997
    $ 253B 22M
    $ 24,878.75
    $ 25,523.26
    $ 259B 577M
    3.794 %
    5.471 %
    26.21 %
    5.158 %
    10M 170K people
    1998
    $ 258B 875M
    $ 25,399.22
    $ 26,259.54
    $ 267B 644M
    1.962 %
    5.12 %
    26.09 %
    5.97 %
    10M 192K people
    1999
    $ 258B 500M
    $ 25,309.06
    $ 27,516.61
    $ 281B 48M
    3.543 %
    7.764 %
    28.88 %
    5.832 %
    10M 214K people