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 11,754,004 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 2022 was 578,063 millions of euros (608,761 millions of dollars), ( 104.3% debt-to-GDP ratio) and its public debt per capita is €49,180 euros per inhabitant$51,792 dollars per inhabitant.

The last annual rate of CPI published in Belgium was on December of 2023 and it was 1.4%.

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 [+]2023Q412,304K
Annual GDP [+]2023€582,583M
Annual GDP [+]2022$579,059M
GDP per capita [+]2023€49,540
GDP per capita [+]2022$49,843
Quarterly GDP [+]2023Q4€147,212M
Debt (M.€.) [+]2022578,063
Debt ($M) [+]2022608,761
Debt (%GDP) [+]2022104.30%
Debt Per Capita [+]2022€49,180
Debt Per Capita [+]2022$51,792
Deficit (M.€) [+]2022-21,345
Deficit ($M) [+]2022-22,495
Deficit (%GDP) [+]2022-3.90%
Expenditure (M.€) [+]2022294,217.9
Expenditure ($M) [+]2022310,069.6
Education Expenditure (M.€) [+]201829,357.5
Education Expenditure ($M) [+]201834,685.7
Education Expenditure (%Bud.) [+]201812.22%
Gov. Health Exp. (M.€) [+]202246,064,855,000.0
Gov. Health Exp.($M) [+]202248,506,292,315.0
Gov. Health Exp. (%Bud.) [+]201715.31%
Defence Expenditure (M.€) [+]20226,536.3
Defence Expenditure ($M) [+]20226,831.4
Defence Expenditure (%Bud.) [+]20222.23%
Expenditure (%GDP) [+]202253.50%
Expenditure Per Capita [+]2022€25,031
Expenditure Per Capita [+]2022$26,380
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 [+]January 20245.5%
Unemployment rate [+]2023Q45.5%
Unemployed [+]2023Q4295K
NMW [+]2023$2,088.6
NMW [+]2024€1,994.2
Average Wage [+]2022$58,264
Average Wage [+]2022€55,332
Human Capital Ranking [+]201715º
Markets
US Dollar exchange rate [+]03/18/20240.9181
10-Year Bond Yield [+]03/18/20242.97%
Risk Premium [+]03/18/202452
Stock ExchangeYTD % [+]03/18/2024-0.83%
Prices
CPI (overall index) [+]December 20231.4%
HICP [+]February 20243.6%
PPI Year on Year [+]December 2023-18.5%
Money Market
Key rates [+]09/20/20234.50%
Business
Doing Business [+]202046º
IPI Year on Year [+]January 2024-2.7%
Passengers vehicles Year [+]December 2022366,333
Annual Vehicles/ 1,000 p. [+]December 202236.72
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€520,360.3M
Exports [+]2023$527,627.8M
Exports % GDP [+]2022109.46%
Imports [+]2023€505,614.9M
Imports [+]2023$514,037.6M
Imports % GDP [+]2022106.26%
Trade balance [+]2023€14,745.4M
Trade balance [+]2023$15,956.6M
Trade balance % GDP [+]20223.20%
Retail Sales YoY [+]December 2023-6.2%
Socio-Demography
Global AgeWatch Ranking [+]201524º
Density [+]2022385
Global Peace Ranking [+]202320º
Crude divorce rate [+]20221.70‰
Remittance received ($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 [+]202211,754,004
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 [+]202114.41
Number of homicides [+]2021125
Rate Homicides per 100.000 [+]20211.08
Energy and Environment
CO2 Tons per capita [+]20218.22
Consumption GWh [+]202183,413
Generation GWh [+]202194,864
Others
COVID-19 - Deaths [+]03/05/202434,339
COVID-19 - Confirmed [+]03/05/20244,859,002
Fully vaccinated [+]02/11/20249,170,945
COVID-19 - Deaths per million population [+]03/05/20242,921.47
Doses administered [+]02/11/202431,469,387