Belgium BE: GDP: Growth

1961 - 2023 | Yearly | % | World Bank

Belgium BE: GDP: Growth data was reported at 1.365 % in 2023. This records a decrease from the previous number of 3.015 % for 2022. Belgium BE: GDP: Growth data is updated yearly, averaging 2.385 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 6.957 % in 1964 and a record low of -5.304 % in 2020. Belgium BE: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Belgium – Table BE.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

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Belgium Belgium BE: GDP: Growth
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Belgium Belgium BE: GDP: Growth

What was Belgium's Belgium BE: GDP: Growth in 2023?

Last Previous Min Max Unit Frequency Range
1.365 2023 3.015 2022 -5.304 2020 6.957 1964 % yearly 1961 - 2023

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Belgium Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 84,000.968 2029 yearly 1980 - 2029
Forecast: Nominal GDP Per Capita (USD) 64,689.995 2029 yearly 1980 - 2029
Forecast: Real GDP Growth (%) 1.289 2028 yearly 1980 - 2028
GDP Deflator Growth (%) 5.4 Mar 2023 quarterly Mar 1996 - Mar 2023
GDP per Capita (USD) 49,392.667 2022 yearly 1957 - 2022
Gross Fixed Capital Formation (USD mn) 39,933.738 Jun 2024 quarterly Mar 1980 - Jun 2024
Gross Savings Rate (%) 25.8 Mar 2024 quarterly Mar 1980 - Mar 2024
Investment: % of GDP (%) 22.1 Jun 2024 quarterly Mar 1980 - Jun 2024
Nominal GDP (USD mn) 153,814.1 Mar 2023 quarterly Mar 1980 - Mar 2023
Nominal GDP Growth (%) 4.072 Jun 2024 quarterly Mar 1981 - Jun 2024
Private Consumption Expenditure (USD mn) 82,627.764 Jun 2024 quarterly Mar 1980 - Jun 2024
Private Consumption: % of GDP (%) 51.4 Jun 2024 quarterly Mar 1980 - Jun 2024
Public Consumption Expenditure (USD mn) 40,166.274 Jun 2024 quarterly Mar 1980 - Jun 2024
Public Consumption: % of GDP (%) 24.8 Jun 2024 quarterly Mar 1980 - Jun 2024
Real GDP Growth (%) 1.9 Sep 2022 quarterly Mar 1996 - Sep 2022
Total Trade of Goods & Services: % of Nominal GDP (%) 161.369 Jun 2024 quarterly Mar 1980 - Jun 2024
Gross National Product (GNP) (USD mn) 163,536.063 Mar 2024 quarterly Mar 1980 - Mar 2024
Production Last Frequency Range
Industrial Production Index Growth (%) -3.8 Apr 2023 monthly Jan 1956 - Apr 2023
Minerals Production (Metric Ton) 1,219.000 2022 yearly 2011 - 2022
Motor Vehicle Production (Unit) 332,103.000 2023 yearly 1997 - 2023
Sales, Orders, Inventory & Shipments Last Frequency Range
New Orders Growth (%) 1.1 Aug 2012 monthly Jan 2001 - Aug 2012
Construction and Properties Last Frequency Range
Building Permits (Unit) 2,229.000 Jul 2024 monthly Jan 1990 - Jul 2024
House Prices Growth (%) 1.8 Jun 2024 quarterly Mar 1974 - Jun 2024
Nominal Residential Property Price Index (2010=100) 151.860 Jun 2024 quarterly Mar 1970 - Jun 2024
Nominal Residential Property Price Index Growth (%) 3.382 Jun 2024 quarterly Mar 1971 - Jun 2024
Real Residential Property Price Index (2010=100) 107.255 Jun 2024 quarterly Mar 1970 - Jun 2024
Real Residential Property Price Index Growth (%) -0.108 Jun 2024 quarterly Mar 1971 - Jun 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 2023 yearly 1970 - 2023
Forecast: Government Expenditure (EUR bn) 400.202 2029 yearly 1980 - 2029
Forecast: Government Net Debt (EUR bn) 839.938 2029 yearly 1980 - 2029
Forecast: Government Revenue (EUR bn) 355.702 2029 yearly 1980 - 2029
Government Debt: % of GDP (%) 108.2 Mar 2024 quarterly Dec 1980 - Mar 2024
National Government Debt (USD mn) 688,479.8 Mar 2024 quarterly Mar 1980 - Mar 2024
Tax Revenue (USD mn) 188,333.360 2023 yearly 1970 - 2023
Consolidated Fiscal Balance (USD mn) -28,081.402 2023 yearly 1970 - 2023
Tax Revenue: % of GDP (%) 29.8 2023 yearly 1980 - 2023

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