[ Nominal GDP in billions of USD ]
Year -
$485.01 billions
Belgium GDP expanded from 1960 to 2009, increasing from $11.81 billion to $485.01 billion.The compound annual growth rate (CAGR) averaged 7.88% over the period. The economy recorded its peak level in 2008 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 34.28%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2009 | 2024 |
| Latest GDP | $ 485.01 Billions | $ 871.78 Int Billions |
| Growth (YoY) | -6.246% | 2.862% |
| Net Change vs Previous Year | $ -32.31 Billion | $ 24.26 Int Billion |
| % of World GDP | 0.80% | 0.44% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 11.81 | - | - | - | - | - |
| 1961 | 12.56 | 0.75 | 6.359 % | - | - | - |
| 1962 | 13.44 | 0.88 | 6.967 % | - | - | - |
| 1963 | 14.45 | 1.01 | 7.509 % | - | - | - |
| 1964 | 16.17 | 1.72 | 11.922 % | - | - | - |
| 1965 | 17.6 | 1.43 | 8.843 % | - | - | - |
| 1966 | 18.89 | 1.3 | 7.371 % | - | - | - |
| 1967 | 20.25 | 1.36 | 7.185 % | - | - | - |
| 1968 | 21.65 | 1.4 | 6.924 % | - | - | - |
| 1969 | 24.02 | 2.36 | 10.92 % | - | - | - |
| 1970 | 26.71 | 2.69 | 11.185 % | - | - | - |
| 1971 | 29.82 | 3.12 | 11.666 % | - | - | - |
| 1972 | 37.21 | 7.39 | 24.773 % | - | - | - |
| 1973 | 47.74 | 10.53 | 28.311 % | - | - | - |
| 1974 | 56.03 | 8.29 | 17.362 % | - | - | - |
| 1975 | 65.68 | 9.65 | 17.213 % | - | - | - |
| 1976 | 71.11 | 5.44 | 8.276 % | - | - | - |
| 1977 | 82.84 | 11.73 | 16.489 % | - | - | - |
| 1978 | 101.25 | 18.41 | 22.22 % | - | - | - |
| 1979 | 116.32 | 15.07 | 14.883 % | - | - | - |
| 1980 | 126.83 | 10.51 | 9.039 % | - | - | - |
| 1981 | 104.73 | -22.1 | -17.424 % | - | - | - |
| 1982 | 92.1 | -12.63 | -12.063 % | - | - | - |
| 1983 | 87.18 | -4.91 | -5.333 % | - | - | - |
| 1984 | 83.35 | -3.83 | -4.398 % | - | - | - |
| 1985 | 86.27 | 2.92 | 3.502 % | - | - | - |
| 1986 | 120.02 | 33.75 | 39.123 % | - | - | - |
| 1987 | 149.39 | 29.38 | 24.476 % | - | - | - |
| 1988 | 162.3 | 12.9 | 8.638 % | - | - | - |
| 1989 | 164.22 | 1.92 | 1.184 % | - | - | - |
| 1990 | 205.33 | 41.11 | 25.034 % | 186.27 | - | - |
| 1991 | 210.51 | 5.18 | 2.522 % | 196.1 | 9.83 | 5.277 % |
| 1992 | 234.78 | 24.27 | 11.529 % | 203.64 | 7.54 | 3.844 % |
| 1993 | 224.72 | -10.06 | -4.285 % | 206.46 | 2.82 | 1.386 % |
| 1994 | 244.88 | 20.16 | 8.972 % | 217.67 | 11.21 | 5.431 % |
| 1995 | 288.03 | 43.14 | 17.617 % | 227.53 | 9.86 | 4.531 % |
| 1996 | 279.2 | -8.82 | -3.064 % | 231.01 | 3.48 | 1.53 % |
| 1997 | 252.71 | -26.49 | -9.489 % | 241.64 | 10.62 | 4.598 % |
| 1998 | 258.53 | 5.82 | 2.303 % | 248.65 | 7.02 | 2.903 % |
| 1999 | 258.25 | -0.28 | -0.109 % | 260.17 | 11.52 | 4.632 % |
| 2000 | 236.79 | -21.45 | -8.307 % | 284.92 | 24.76 | 9.515 % |
| 2001 | 236.75 | -0.05 | -0.02 % | 296.19 | 11.26 | 3.953 % |
| 2002 | 258.38 | 21.64 | 9.14 % | 312.9 | 16.71 | 5.643 % |
| 2003 | 318.08 | 59.7 | 23.105 % | 320.94 | 8.04 | 2.569 % |
| 2004 | 369.21 | 51.13 | 16.075 % | 334.1 | 13.16 | 4.1 % |
| 2005 | 385.71 | 16.5 | 4.469 % | 347.66 | 13.56 | 4.059 % |
| 2006 | 408.26 | 22.55 | 5.845 % | 371.83 | 24.17 | 6.953 % |
| 2007 | 470.92 | 62.66 | 15.349 % | 391.01 | 19.18 | 5.157 % |
| 2008 | 517.33 | 46.41 | 9.854 % | 405.73 | 14.72 | 3.765 % |
| 2009 | 485.01 | -32.31 | -6.246 % | 409.25 | 3.52 | 0.867 % |
| 2010 | - | - | - | 434.08 | 24.83 | 6.068 % |
| 2011 | - | - | - | 455.27 | 21.19 | 4.882 % |
| 2012 | - | - | - | 471.86 | 16.59 | 3.644 % |
| 2013 | - | - | - | 489.5 | 17.64 | 3.738 % |
| 2014 | - | - | - | 506.06 | 16.56 | 3.384 % |
| 2015 | - | - | - | 519.42 | 13.36 | 2.64 % |
| 2016 | - | - | - | 548.61 | 29.18 | 5.618 % |
| 2017 | - | - | - | 571.67 | 23.06 | 4.204 % |
| 2018 | - | - | - | 599.54 | 27.87 | 4.875 % |
| 2019 | - | - | - | 651.57 | 52.03 | 8.678 % |
| 2020 | - | - | - | 647.55 | -4.02 | -0.617 % |
| 2021 | - | - | - | 702.93 | 55.38 | 8.552 % |
| 2022 | - | - | - | 807.43 | 104.51 | 14.867 % |
| 2023 | - | - | - | 847.52 | 40.09 | 4.965 % |
| 2024 | - | - | - | 871.78 | 24.26 | 2.862 % |
Between 1960 to 2009, Belgium experienced the following economic phases:
The most remarkable growth occurred in 1986 with an increase of 39.123%, while the largest decline was in 1981 at -17.424%.