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# Belgium Economy

> Belgium economic indicators: GDP $725.5B, inflation 3.6%, unemployment 6.0%, policy rate 2.3%. 51 official series with history to 1956, from… Updated Aug 2026.

## Indicators

| Indicator | Last | Date | Previous | Highest | Lowest |
| --- | --- | --- | --- | --- | --- |
| Business Confidence | -16.20 | Aug 2026 | -16.00 | 7.00 (Jul 2021) | -34.30 (Jan 1993) |
| Consumer Confidence | -16.30 | Aug 2026 | -15.90 | 5.40 (Nov 2000) | -28.10 (Sep 2022) |
| Retail Sales MoM | 0.9% | Jul 2026 | 0.8% | 13.0% (May 2020) | -11.3% (Nov 2020) |
| Retail Sales YoY | 0.6% | Jul 2026 | -0.1% | 17.9% (Apr 2021) | -10.0% (Apr 2020) |
| Age-dependency ratio | 57.9% | Dec 2025 | 57.6% | 58.8% (Dec 1969) | 48.2% (Dec 1986) |
| Total fertility rate | 1.44 births per woman | Dec 2024 | 1.47 births per woman | 2.71 births per woman (Dec 1964) | 1.44 births per woman (Dec 2024) |
| Life expectancy at birth | 82.30 years | Dec 2024 | 82.40 years | 82.40 years (Dec 2023) | 69.70 years (Dec 1960) |
| Total population | 11.9M | Dec 2025 | 11.9M | 11.9M (Dec 2025) | 9.2M (Dec 1960) |
| Working-age population | 7.6M | Dec 2025 | 7.5M | 7.6M (Dec 2025) | 5.9M (Dec 1961) |
| Current account % GDP | -1.9% | Dec 2025 | -0.4% | 4.5% (Dec 2002) | -1.9% (Dec 2025) |
| Current Account Goods | $3.2B | Mar 2026 | $-1.5B | $9.0B (Sep 2021) | $-8.0B (Sep 2022) |
| Current Account Services | $-2.6B | Mar 2026 | $-2.9B | $5.0B (Dec 2009) | $-5.8B (Sep 2024) |
| FDI inflows | $-28.8B | Dec 2025 | $-41.4B | $190.4B (Dec 2008) | $-41.6B (Dec 2018) |
| Gold Reserves | $29.7B | Jul 2026 | $29.5B | $38.1B (Feb 2026) | $2.1B (Mar 2001) |
| Personal remittances, received | $16.3B | Dec 2025 | $15.5B | $16.3B (Dec 2025) | $658.9M (Dec 1976) |
| Tourism Revenues | $2.1B | Mar 2026 | $2.5B | $3.8B (Sep 2014) | $1.3B (Mar 2021) |
| CO2 emissions | 86.65 Mt CO₂ | Dec 2024 | 85.73 Mt CO₂ | 149 Mt CO₂ (Dec 1979) | 85.73 Mt CO₂ (Dec 2023) |
| Energy use per capita | 4,078 kg oil eq. per capita | Dec 2024 | 4,051 kg oil eq. per capita | 5,663 kg oil eq. per capita (Dec 2000) | 4,051 kg oil eq. per capita (Dec 2023) |
| Budget balance % GDP | -5.3% | Dec 2025 | -4.4% | 0.2% (Dec 2006) | -16.0% (Dec 1981) |
| Government debt % GDP | 106.3% | Dec 2025 | 103.9% | 138.9% (Dec 1993) | 76.8% (Dec 1980) |
| Military expenditure | 1.3% | Dec 2024 | 1.2% | 3.4% (Dec 1960) | 0.9% (Dec 2017) |
| Military expenditure, current USD | $8.6B | Dec 2024 | $7.6B | $8.6B (Dec 2024) | $383.2M (Dec 1960) |
| Government Spending to GDP | 55.0% | Dec 2025 | 54.1% | 64.6% (Dec 1983) | 48.6% (Dec 2007) |
| Tax revenue % GDP | 23.0% | Dec 2024 | 22.5% | 27.3% (Dec 2000) | 21.7% (Dec 2020) |
| House Price Index | 146 | Mar 2026 | 147 | 147 (Dec 2025) | 70.03 (Mar 2005) |
| House Price Index YoY | 2.0% | Mar 2026 | 3.5% | 10.6% (Jun 2006) | -1.3% (Jun 2009) |
| Policy / benchmark interest rate | 2.3% | Aug 2026 | 2.3% | 4.8% (Apr 2001) | 0.0% (Jun 2022) |
| Unemployment rate | 6.0% | Jul 2026 | 6.3% | 10.1% (Jan 1987) | 4.9% (Apr 2020) |
| Private credit / GDP | 68.1% | Dec 2024 | 69.3% | 76.1% (Dec 2020) | 54.5% (Dec 2012) |
| Official / period-average FX vs USD | 0.86 per USD | Aug 2026 | 0.88 per USD | 1.48 per USD (Mar 1985) | 0.63 per USD (Jul 2008) |
| Foreign-exchange reserves (ex-gold) | $54.0B | Jul 2026 | $53.5B | $62.4B (Feb 2026) | $11.5B (Aug 2000) |
| GDP From Agriculture | 96.8% | Jun 2026 | 99.7% | 106.7% (Mar 2017) | 58.6% (Mar 1996) |
| GDP From Construction | 116.7% | Jun 2026 | 117.0% | 117.0% (Mar 2026) | 65.2% (Mar 1996) |
| GDP, current prices, USD | $725.5B | Dec 2025 | $671.0B | $725.5B (Dec 2025) | $11.8B (Dec 1960) |
| Full-Year GDP Growth | 1.0% | Dec 2025 | 1.1% | 6.3% (Dec 2021) | -4.8% (Dec 2020) |
| GDP From Manufacturing | 104.1% | Jun 2026 | 103.9% | 112.4% (Dec 2022) | 75.8% (Mar 1995) |
| GDP per capita, PPP | Int$74,676 | Dec 2025 | Int$74,225 | Int$74,676 (Dec 2025) | Int$18,688 (Dec 1990) |
| GDP per capita, current USD | $60,750 | Dec 2025 | $56,582 | $60,750 (Dec 2025) | $1,290 (Dec 1960) |
| GDP, PPP, international $ | Int$891.8B | Dec 2025 | Int$880.2B | Int$891.8B (Dec 2025) | Int$186.3B (Dec 1990) |
| GDP From Public Administration | 118.0% | Jun 2026 | 118.5% | 118.6% (Dec 2025) | 75.4% (Mar 1995) |
| Real GDP growth, YoY | 0.8% | Mar 2026 | 0.9% | 14.5% (Jun 2021) | -12.1% (Jun 2020) |
| Inflation rate, CPI YoY | 3.6% | Jul 2026 | 3.4% | 16.3% (Nov 1974) | -1.7% (Jul 2009) |
| Producer Prices MoM | 0.6% | Jul 2026 | -1.0% | 6.0% (Jan 2022) | -7.0% (Apr 2023) |
| PPI / producer prices YoY | 8.7% | Apr 2026 | 3.5% | 36.0% (Apr 2022) | -14.9% (Aug 1986) |
| Hospital beds per 1,000 | 5.42 per 1,000 people | Dec 2023 | 5.46 per 1,000 people | 9.40 per 1,000 people (Dec 1980) | 5.42 per 1,000 people (Dec 2023) |
| Health expenditure % GDP | 10.8% | Dec 2023 | 10.7% | 11.5% (Dec 2020) | 8.0% (Dec 2000) |
| ICT goods exports, % of goods exports | 1.9% | Dec 2024 | 2.0% | 6.1% (Dec 2000) | 1.6% (Dec 2022) |
| ICT service exports, % of service exports | 14.9% | Dec 2025 | 14.7% | 14.9% (Dec 2025) | 6.8% (Dec 2004) |
| Industrial production YoY | 0.2% | Dec 2025 | -2.1% | 15.8% (Dec 2022) | -7.7% (Dec 2009) |
| Research & development expenditure % GDP | 3.3% | Dec 2023 | 3.2% | 3.4% (Dec 2021) | 1.7% (Dec 1996) |
| High-technology exports, % of manufactured exports | 20.4% | Dec 2024 | 18.7% | 22.8% (Dec 2022) | 8.5% (Dec 2007) |

## Full detail pages

- [Business Confidence](/belgium/business-confidence.md)
- [Consumer Confidence](/belgium/consumer-confidence.md)
- [Retail Sales MoM](/belgium/retail-sales.md)
- [Retail Sales YoY](/belgium/retail-sales-annual.md)
- [Age Dependency Ratio](/belgium/age-dependency-ratio.md)
- [Fertility Rate](/belgium/total-fertility-rate.md)
- [Life Expectancy](/belgium/life-expectancy-at-birth.md)
- [Population](/belgium/population.md)
- [Working-Age Population](/belgium/working-age-population.md)
- [Current Account to GDP](/belgium/current-account-pct-gdp.md)
- [Current Account Goods](/belgium/current-account-goods.md)
- [Current Account Services](/belgium/current-account-services.md)
- [FDI Inflows](/belgium/fdi-inflows.md)
- [Gold Reserves](/belgium/gold-reserves.md)
- [Remittances](/belgium/personal-remittances-received.md)
- [Tourism Revenues](/belgium/tourism-revenues.md)
- [CO2 Emissions](/belgium/co2-emissions.md)
- [Energy Use per Capita](/belgium/energy-use-per-capita.md)
- [Government Budget](/belgium/budget-balance-pct-gdp.md)
- [Government Debt to GDP](/belgium/government-debt-to-gdp.md)
- [Military Expenditure](/belgium/military-expenditure.md)
- [Military Expenditure (USD)](/belgium/military-expenditure-usd.md)
- [Government Spending to GDP](/belgium/government-spending-to-gdp.md)
- [Tax Revenue to GDP](/belgium/tax-revenue-pct-gdp.md)
- [House Price Index](/belgium/house-price-index.md)
- [House Price Index YoY](/belgium/house-price-index-yoy.md)
- [Interest Rate](/belgium/interest-rate.md)
- [Unemployment Rate](/belgium/unemployment-rate.md)
- [Private Credit to GDP](/belgium/private-credit-gdp.md)
- [Exchange Rate](/belgium/exchange-rate.md)
- [Foreign Exchange Reserves](/belgium/foreign-exchange-reserves.md)
- [GDP From Agriculture](/belgium/gdp-from-agriculture.md)
- [GDP From Construction](/belgium/gdp-from-construction.md)
- [GDP](/belgium/gdp.md)
- [Full-Year GDP Growth](/belgium/full-year-gdp-growth.md)
- [GDP From Manufacturing](/belgium/gdp-from-manufacturing.md)
- [GDP per Capita PPP](/belgium/gdp-per-capita-ppp.md)
- [GDP per Capita](/belgium/gdp-per-capita-current-usd.md)
- [GDP PPP](/belgium/gdp-ppp-international.md)
- [GDP From Public Administration](/belgium/gdp-from-public-administration.md)
- [GDP Growth Rate](/belgium/gdp-growth-rate.md)
- [Inflation Rate](/belgium/inflation-rate.md)
- [Producer Prices MoM](/belgium/producer-prices-mom.md)
- [Producer Price Inflation](/belgium/producer-price-inflation.md)
- [Hospital Beds](/belgium/hospital-beds-per-1-000.md)
- [Health Expenditure](/belgium/health-expenditure-pct-gdp.md)
- [ICT Goods Exports](/belgium/ict-goods-exports-share.md)
- [ICT Service Exports](/belgium/ict-service-exports-share.md)
- [Industrial Production](/belgium/industrial-production-yoy.md)
- [R&D Expenditure](/belgium/rd-expenditure-pct-gdp.md)
- [High-Tech Exports](/belgium/high-tech-exports-share.md)

## FAQ

**What is the current inflation rate in Belgium?**

Belgium's consumer price inflation is 3.6% year-on-year as of Jul 2026.

**How big is Belgium's economy?**

Belgium's nominal GDP was $725.5B in 2025.

**What is the unemployment rate in Belgium?**

Belgium's unemployment rate is 6.0% as of Jul 2026.

**Where does this data come from?**

We use primary economic sources for every country. See our methodology page for how we source and verify it.

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Full history via API: `GET https://api.economicsapi.com/v1/history?country=belgium&indicator={indicator}`. Same data as an MCP tool, one per indicator.