Belgium External Debt: % of GDP
2007 - 2023 | Yearly | % | CEIC Data
Key information about Belgium External Debt: % of GDP
- Belgium External Debt accounted for 231.5 % of the country's Nominal GDP in 2023, compared with the ratio of 237.3 % in the previous year.
- Belgium External Debt: % of Nominal GDP data is updated yearly, available from Dec 2007 to Dec 2023.
- The data reached an all-time high of 331.8 % in Dec 2008 and a record low of 231.5 % in Dec 2023.
CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The National Bank of Belgium provides External Debt in EUR based on BPM6 and Nominal GDP in EUR. External Debt prior to 2008 is based on BPM5.
Related information about Belgium External Debt: % of GDP
- In the latest reports of Belgium, Current Account recorded a deficit of 192.8 USD mn in Mar 2023.
- Foreign Direct Investment (FDI) increased by 3.2 USD bn in Mar 2023.
- Belgium Direct Investment Abroad expanded by 1.4 USD bn in Jun 2024.
- Its Foreign Portfolio Investment increased by 11.3 USD bn in Jun 2024.
- The country's External Debt reached 1,567,110.3 in Jun 2024.
- The country's Nominal GDP was reported at 153.8 USD bn in Mar 2023.
View Belgium's External Debt: % of GDP from 2007 to 2023 in the chart:
What was Belgium's External Debt: % of GDP in 2023?
Belgium External Debt accounted for 231.5 % of the country's Nominal GDP in 2023, compared with the ratio of 237.3 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 231.5 2023 | 237.3 2022 | 231.5 2023 | 331.8 2008 | % | yearly | 2007 - 2023 |
External Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 45.9 2023 | yearly | 1991 - 2023 |
| Algeria (%) | 1.3 2023 | yearly | 1970 - 2023 |
| Argentina (%) | 45.3 2023 | yearly | 1994 - 2023 |
| Armenia (%) | 64.2 2023 | yearly | 2000 - 2023 |
| Australia (%) | 109.2 2023 | yearly | 1988 - 2023 |
| Austria (%) | 136.1 2023 | yearly | 1997 - 2023 |
| Azerbaijan (%) | 14.9 Dec 2021 | quarterly | Dec 2001 - Dec 2021 |
| Bangladesh (%) | 11.4 2017 | yearly | 1997 - 2017 |
| Belarus (%) | 51.1 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Belgium (%) | 231.5 2023 | yearly | 2007 - 2023 |
| Bolivia (%) | 35.0 2023 | yearly | 2006 - 2023 |
| Bosnia and Herzegovina (%) | 18.1 2023 | yearly | 1999 - 2023 |
| Botswana (%) | 7.3 2023 | yearly | 1995 - 2023 |
| Brazil (%) | 27.7 2023 | yearly | 1992 - 2023 |
| Bulgaria (%) | 47.6 2023 | yearly | 1999 - 2023 |
| Cambodia (%) | 56.7 2022 | yearly | 2010 - 2022 |
| Canada (%) | 139.5 2023 | yearly | 1990 - 2023 |
| Chile (%) | 71.7 2023 | yearly | 1971 - 2023 |
| China (%) | 13.4 2023 | yearly | 1985 - 2023 |
| Colombia (%) | 53.7 2023 | yearly | 1970 - 2023 |
| Croatia (%) | 73.5 2022 | yearly | 1998 - 2022 |
| Cyprus (%) | 828.3 2023 | yearly | 2004 - 2023 |
| Czech Republic (%) | 61.7 2023 | yearly | 1995 - 2023 |
| Denmark (%) | 132.3 2023 | yearly | 2005 - 2023 |
| Ecuador (%) | 49.6 2023 | yearly | 1970 - 2023 |
| Egypt (%) | 38.8 Jun 2024 | quarterly | Jun 1999 - Jun 2024 |
| Estonia (%) | 89.2 2023 | yearly | 1996 - 2023 |
| European Union (%) | 111.1 2023 | yearly | 2008 - 2023 |
| Finland (%) | 215.3 2023 | yearly | 1991 - 2023 |
| France (%) | 244.9 2023 | yearly | 2004 - 2023 |
| Georgia (%) | 79.6 2023 | yearly | 1999 - 2023 |
| Germany (%) | 146.1 2023 | yearly | 1999 - 2023 |
| Ghana (%) | 39.5 2023 | yearly | 1999 - 2023 |
| Greece (%) | 246.0 2023 | yearly | 2003 - 2023 |
| Hong Kong SAR, China (%) | 483.7 2023 | yearly | 2001 - 2023 |
| Hungary (%) | 128.8 2023 | yearly | 2006 - 2023 |
| Iceland (%) | 75.5 2023 | yearly | 1989 - 2023 |
| India (%) | 18.9 2023 | yearly | 1970 - 2023 |
| Indonesia (%) | 29.8 2023 | yearly | 2003 - 2023 |
| Iran (%) | 0.3 2023 | yearly | 1994 - 2023 |
| Ireland (%) | 556.6 2023 | yearly | 2002 - 2023 |
| Israel (%) | 28.4 2023 | yearly | 1998 - 2023 |
| Italy (%) | 129.0 2022 | yearly | 2002 - 2022 |
| Ivory Coast (%) | 31.4 2021 | yearly | 1994 - 2021 |
| Japan (%) | 107.7 2023 | yearly | 2003 - 2023 |
| Jordan (%) | 80.7 2023 | yearly | 1970 - 2023 |
| Kazakhstan (%) | 59.5 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Kenya (%) | 40.3 2023 | yearly | 2006 - 2023 |
| South Korea (%) | 36.6 2023 | yearly | 1994 - 2023 |
| Kosovo (%) | 39.6 2023 | yearly | 2007 - 2023 |
| Kuwait (%) | 39.4 2023 | yearly | 2014 - 2023 |
| Kyrgyzstan (%) | 72.3 2023 | yearly | 2003 - 2023 |
| Laos (%) | 74.2 2023 | yearly | 1996 - 2023 |
| Latvia (%) | 106.8 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Lebanon (%) | 21.2 2021 | yearly | 2007 - 2021 |
| Lithuania (%) | 69.2 2023 | yearly | 1996 - 2023 |
| Luxembourg (%) | 4,446.8 2023 | yearly | 2002 - 2023 |
| North Macedonia (%) | 83.2 2023 | yearly | 2004 - 2023 |
| Malawi (%) | 60.1 2021 | yearly | 2006 - 2021 |
| Malaysia (%) | 68.2 2023 | yearly | 2009 - 2023 |
| Malta (%) | 858.8 2023 | yearly | 2004 - 2023 |
| Mauritius (%) | 1,359.5 2023 | yearly | 2009 - 2023 |
| Mexico (%) | 33.0 2023 | yearly | 2002 - 2023 |
| Moldova (%) | 63.3 2023 | yearly | 2000 - 2023 |
| Mongolia (%) | 170.1 2023 | yearly | 1992 - 2023 |
| Montenegro (%) | 141.5 2022 | yearly | 2006 - 2022 |
| Morocco (%) | 50.9 2022 | yearly | 1970 - 2022 |
| Mozambique (%) | 71.7 2020 | yearly | 1985 - 2020 |
| Myanmar (%) | 16.7 2020 | yearly | 2018 - 2020 |
| Nepal (%) | 17.3 2016 | yearly | 2001 - 2016 |
| Netherlands (%) | 373.8 2023 | yearly | 2003 - 2023 |
| New Zealand (%) | 86.4 2023 | yearly | 1993 - 2023 |
| Nigeria (%) | 11.9 2023 | yearly | 1985 - 2023 |
| Norway (%) | 148.1 2023 | yearly | 2003 - 2023 |
| Pakistan (%) | 35.1 2024 | yearly | 2000 - 2024 |
| Palestinian Territory (%) | 12.2 2023 | yearly | 2012 - 2023 |
| Panama (%) | 167.4 2021 | yearly | 2014 - 2021 |
| Paraguay (%) | 56.2 2023 | yearly | 2000 - 2023 |
| Peru (%) | 39.3 2023 | yearly | 1980 - 2023 |
| Philippines (%) | 28.7 2023 | yearly | 1990 - 2023 |
| Poland (%) | 49.6 2023 | yearly | 1995 - 2023 |
| Portugal (%) | 149.6 2023 | yearly | 1996 - 2023 |
| Qatar (%) | 106.1 2018 | yearly | 2000 - 2018 |
| Romania (%) | 56.5 2023 | yearly | 1995 - 2023 |
| Russia (%) | 15.7 2023 | yearly | 1993 - 2023 |
| Serbia (%) | 65.3 2023 | yearly | 2000 - 2023 |
| Singapore (%) | 391.1 2023 | yearly | 2003 - 2023 |
| Slovakia (%) | 96.0 2023 | yearly | 1995 - 2023 |
| Slovenia (%) | 90.4 2023 | yearly | 1995 - 2023 |
| South Africa (%) | 41.5 2023 | yearly | 1985 - 2023 |
| Spain (%) | 163.6 2023 | yearly | 1995 - 2023 |
| Sri Lanka (%) | 75.0 2022 | yearly | 1998 - 2022 |
| Sudan (%) | 202.2 2021 | yearly | 2001 - 2021 |
| Sweden (%) | 169.1 2023 | yearly | 1997 - 2023 |
| Switzerland (%) | 238.7 2023 | yearly | 1999 - 2023 |
| Taiwan (%) | 27.3 2023 | yearly | 1999 - 2023 |
| Tajikistan (%) | 37.7 2021 | yearly | 2000 - 2021 |
| Thailand (%) | 38.0 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Tunisia (%) | 90.4 2023 | yearly | 2002 - 2023 |
| Turkey (%) | 45.1 2023 | yearly | 1989 - 2023 |
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Learn more about what we doBelgium Key Series
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.896 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | 583.0 Nov 2024 | monthly | Jan 1993 - Nov 2024 |
| Total Exports (USD mn) | 42,082.0 Nov 2024 | monthly | Jan 1993 - Nov 2024 |
| Total Exports Growth (%) | -9.7 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
| Aluminum: Exports (USD th) | 1,886,870.449 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 30,923,437.457 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 30,898,012.136 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 41,499.0 Nov 2024 | monthly | Jan 1993 - Nov 2024 |
| Total Imports Growth (%) | -8.4 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
| Imports: Medicament (USD th) | 26,933,716.202 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 28,084,086.815 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 2,918.662 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Total Imports from USA (USD mn) | 1,759.234 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Total Exports to China (USD mn) | 540.299 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Total Imports from China (USD mn) | 1,249.544 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Trade Balance: National Concept (EUR mn) | 679.300 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
| Imports: National Concept (EUR mn) | 27,772.700 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
| Exports: National Concept (EUR mn) | 28,452.000 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
| Exports: NC: HS: Metals (EUR mn) | 2,436.179 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Exports: NC: HS: Agriculture: Food, Beverages & Tobacco (FB) (EUR mn) | 2,523.192 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Exports: NC: HS: Textiles (EUR mn) | 542.961 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Exports: NC: HS: Machinery & Electrical Equipment (EUR mn) | 3,217.304 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Exports: NC: HS: Plastics & Rubber (EUR mn) | 2,021.334 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Exports: NC: HS: Chemical Products (EUR mn) | 8,903.787 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Exports: National Concept: European Union: Netherlands (EUR mn) | 4,092.637 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Exports: National Concept: America: USA (EUR mn) | 2,678.901 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Exports: National Concept: European Union: Germany (EUR mn) | 4,947.141 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Exports: National Concept: European Union: France (EUR mn) | 3,908.818 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Imports: NC: HS: Plastics & Rubber (EUR mn) | 1,271.193 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Imports: NC: HS: Chemical Products (EUR mn) | 5,963.923 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Imports: NC: HS: Metals (EUR mn) | 1,898.015 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Imports: NC: HS: Machinery & Electrical Equipment (EUR mn) | 3,982.782 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Imports: NC: HS: Agriculture: Food, Beverages & Tobacco (FB) (EUR mn) | 1,620.217 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Imports: NC: HS: Textiles (EUR mn) | 632.556 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Imports: National Concept: European Union: Germany (EUR mn) | 3,755.559 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Imports: National Concept: European Union: Netherlands (EUR mn) | 6,878.634 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Imports: National Concept: America: USA (EUR mn) | 1,614.717 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Imports: National Concept: European Union: France (EUR mn) | 3,321.512 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Import Value Index (2015=100) | 135.863 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 137.406 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.6 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Household Debt: % of GDP (%) | 59.0 Sep 2024 | quarterly | Dec 1992 - Sep 2024 |
| Non-Performing Loans (USD mn) | 2,374.021 Apr 2024 | monthly | Jan 2007 - Apr 2024 |
| Money Supply M1 (USD mn) | 263,342.301 Oct 2024 | monthly | Dec 1996 - Oct 2024 |
| Money Supply M2 (USD mn) | 714,259.003 Oct 2024 | monthly | Dec 1996 - Oct 2024 |
| M2 Growth (%) | 5.7 Oct 2024 | monthly | Dec 1997 - Oct 2024 |
| Reserve Requirement Ratio (%) | 1.0 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Foreign Exchange Reserves (USD mn) | 5,300.0 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 0.833 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 0.1 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Gold Reserves (USD mn) | 19,500.000 Nov 2024 | monthly | Dec 1956 - Nov 2024 |
| Total Deposits (USD mn) | 1,427,626.101 Nov 2024 | monthly | Dec 1996 - Nov 2024 |
| Total Deposits Growth (%) | 3.4 Nov 2024 | monthly | Dec 1997 - Nov 2024 |
| Domestic Credit (USD mn) | 815,236.6 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Domestic Credit Growth (%) | 0.0 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Debt Service Ratio: Households (%) | 6.900 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 18.100 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Credit to Households (USD bn) | 371.169 Jun 2024 | quarterly | Dec 1980 - Jun 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 1,175.495 Jun 2024 | quarterly | Dec 1970 - Jun 2024 |
| Household Debt (USD mn) | 365,548.5 Dec 2022 | quarterly | Dec 1992 - Dec 2022 |
| Total Loans (USD mn) | 846,478.621 Dec 2023 | quarterly | Jun 2006 - Dec 2023 |
| Total Loans Growth (%) | 0.92 Sep 2024 | quarterly | Jun 2007 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 66.73 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Monetary Agg in Euro Area: BC: M3 excl Currency in Circulation (EUR bn) | 705.400 Oct 2024 | monthly | Dec 1996 - Oct 2024 |
| Official Reserve Assets (EUR mn) | 39,860.000 Nov 2024 | monthly | Jan 2013 - Nov 2024 |
| Official Reserve Assets: Monetary Gold (EUR mn) | 8,489.000 Feb 2019 | monthly | Jan 2013 - Feb 2019 |
| Gross International Reserves (USD bn) | 42.200 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Gross International Reserves: Gold (USD bn) | 19.500 Nov 2024 | monthly | Dec 1990 - Nov 2024 |
| Consumer Credit: Outstanding Amount (EUR mn) | 27,955.000 Jun 2023 | semiannually | Jun 1980 - Jun 2023 |
| MFIs Loans: Outstanding Amounts (OA) (EUR mn) | 944,138.000 Nov 2024 | monthly | Sep 1997 - Nov 2024 |
| Deposits: Households: Outstanding Amounts (EUR mn) | 433,551.000 Nov 2024 | monthly | Dec 1998 - Nov 2024 |
| Deposits: Non Financial Corporations (NF): Outstanding Amounts (EUR mn) | 143,752.000 Nov 2024 | monthly | Dec 1998 - Nov 2024 |
| Deposits: Financial Intermediaries (FI): Outstanding Amounts (EUR mn) | 44,598.000 Nov 2024 | monthly | Dec 1998 - Nov 2024 |
| Credit Inst Loans: Financial Intermediaries (FI): Outstanding Amounts (EUR mn) | 53,409.000 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Credit Inst Loans: Households (HH): Outstanding Amounts (OA) (EUR mn) | 258,324.000 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Credit Inst Loans: Non Financial Corporations (NF): Outstanding Amounts (EUR mn) | 151,325.000 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Credit Institutions: Cons: Loans and Advances: excl Credit Institutions (EC) (EUR mn) | 774,828.000 Sep 2024 | quarterly | Jun 2006 - Sep 2024 |
| Non Performing Loans: Individuals: Outstanding Overdue Credits (EUR th) | 2,222,034.270 Apr 2024 | monthly | Jan 2007 - Apr 2024 |
| Mortgage Credits (EUR mn) | 2,386.000 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -2.1 Dec 2024 | monthly | Jan 1981 - Dec 2024 |
| Business Survey: Seasonally Adjusted (sa): Aggregate (% Point) | -11.100 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
| Business Survey: sa: Construction: Carcasses: Trend: Activity (% Point) | -2.200 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
| Business Survey: sa: Trade (% Point) | -9.700 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
| Business Survey: sa: Construction: Carcasses: Appraisal: Order Book (% Point) | -12.200 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
More Indicators for Belgium
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