Belgium Belgium

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Belgium, is a country located at Western Europe, it has an area of 30,530 Km2 and it may be considered quite a small country.

Belgium, with a population of 11,742,796 people, it is ranked at 82º position by population of 196 countries and it has a high population density, with 385 people per km2.

It's capital is Brussels and its currency is Euros

Belgium is holding the 24 position by nominal GDP. Its national debt in 2023 was 614,933 millions of euros (664,927 millions of dollars), ( 105.2% debt-to-GDP ratio) and its public debt per capita is €52,367 euros per inhabitant$56,624 dollars per inhabitant.

The last annual rate of CPI published in Belgium was on March of 2024 and it was 3.2%.

In terms of the human development index (HDI) of Belgium, which is the index used by the United Nations to measure the progress of a country, was 0.937 points in 2021, leaving it in 13th place in the table of 191 countries published.

If the reason to visit Belgium are business, you must know it's in the 46th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Belgium, if you want to see information about other countries click here

Brussels: Monthly Temp.
Brussels: Monthly Rainfall
Belgium Economy
Gouvernement
Qu. GDP Per Capita [+]2023Q412,589K
Annual GDP [+]2023€584,699M
Annual GDP [+]2023$632,235M
GDP per capita [+]2023€49,720
GDP per capita [+]2023$53,840
Quarterly GDP [+]2023Q4€147,825M
Debt (M.€.) [+]2023614,933
Debt ($M) [+]2023664,927
Debt (%GDP) [+]2023105.20%
Debt Per Capita [+]2023€52,367
Debt Per Capita [+]2023$56,624
Deficit (M.€) [+]2023-25,965
Deficit ($M) [+]2023-28,076
Deficit (%GDP) [+]2023-4.40%
Expenditure (M.€) [+]2023319,140.5
Expenditure ($M) [+]2023345,086.6
Education Expenditure (M.€) [+]201829,357.5
Education Expenditure ($M) [+]201834,688.7
Education Expenditure (%Bud.) [+]201812.22%
Gov. Health Exp. (M.€) [+]202246,064,855,000.0
Gov. Health Exp.($M) [+]202248,506,292,315.0
Gov. Health Exp. (%Bud.) [+]201715.31%
Defence Expenditure (M.€) [+]20226,538.3
Defence Expenditure ($M) [+]20226,831.4
Defence Expenditure (%Bud.) [+]20222.23%
Expenditure (%GDP) [+]202354.60%
Expenditure Per Capita [+]2023€27,178
Expenditure Per Capita [+]2023$29,387
Education Expenditure P.C [+]2018€2,569
Education Expenditure P.C [+]2018$3,043
Gov. Health Exp. P.C. [+]2022€3,965
Gov. Health Exp. P.C. [+]2022$4,175
Defence Expenditure P.C. [+]2022€560
Defence Expenditure P.C. [+]2022$588
Moody's Rating [+]04/28/2023Aa3
S&P Rating [+]11/25/2011AA
Fitch Rating [+]04/03/2020AA-
Corruption Index [+]202273
Competitiveness Ranking [+]201922º
Fragile States Index [+]201829.7
RTI Raking [+]2022120º
Innovation Ranking [+]201825º
Labour
Unemployment Rate [+]February 20245.5%
Unemployment rate [+]2023Q45.5%
Unemployed [+]2023Q4295K
NMW [+]2024$2,203.6
NMW [+]2024€1,994.2
Average Wage [+]2022$58,264
Average Wage [+]2023€59,285
Human Capital Ranking [+]201715º
Markets
US Dollar exchange rate [+]04/26/20240.9334
10-Year Bond Yield [+]04/26/20243.12%
Risk Premium [+]04/26/202454
Stock ExchangeYTD % [+]04/26/20244.49%
Prices
CPI (overall index) [+]March 20243.2%
HICP [+]March 20243.8%
PPI Year on Year [+]March 2024-13.4%
Money Market
Key rates [+]09/20/20234.50%
Business
Doing Business [+]202046º
IPI Year on Year [+]February 2024-12.7%
Passengers vehicles Year [+]December 2022366,333
Annual Vehicles/ 1,000 p. [+]December 202236.75
Motor vehicle production [+]2022276,554
Vehicles / 1,000 people [+]2021591.19
Taxes
Tax Revenue (%GDP) [+]202244.8%
Standard VAT [+]01/01/200621.00%
Top tax rate + SSC [+]202260.2%
Trade
Annual arrivals [+]20199,343,324
Exports [+]2023€522,482.2M
Exports [+]2023$562,439.0M
Exports % GDP [+]202389.36%
Imports [+]2023€506,969.1M
Imports [+]2023$546,764.8M
Imports % GDP [+]202386.71%
Trade balance [+]2023€15,513.1M
Trade balance [+]2023$15,674.2M
Trade balance % GDP [+]20232.65%
Retail Sales YoY [+]December 2023-6.2%
Socio-Demography
Global AgeWatch Ranking [+]201524º
Density [+]2022385
Global Peace Ranking [+]202320º
Crude divorce rate [+]20221.70‰
Remittance received ($M) [+]201710,273.0
% Immigrant [+]202017.36%
% Emigrant [+]20205.00%
Birth Rate [+]20229.80‰
Remittance sent ($M) [+]20176,021.6
Crude death rate [+]202210.00‰
Fertility Rate [+]20221.53
Crude marriage rate [+]20224.20‰
% risk of poverty [+]202312.3%
Population [+]202211,742,796
Immigrant stock [+]20202,005,479
Emigrant stock [+]2020577,463
HDI [+]20210.937
Gender Gap Ranking [+]202310º
Life expectancy [+]202281.80
Suicides [+]20211,674
Suicide rate [+]202114.28
Number of homicides [+]2021125
Rate Homicides per 100.000 [+]20211.08
Energy and Environment
CO2 Tons per capita [+]20227.72
Consumption GWh [+]202279,972
Generation GWh [+]202290,893
Others
COVID-19 - Deaths [+]04/14/202434,339
COVID-19 - Confirmed [+]04/14/20244,861,272
Fully vaccinated [+]02/11/20249,170,945
COVID-19 - Deaths per million population [+]04/14/20242,924.26
Doses administered [+]02/11/202431,469,387