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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
