Belgium GDP

Belgium country overview

Before we start to discuss Belgium GDP first we discuss Belgium’s country overview, so Belgium is officially called the Kingdom of Belgium.

It is located in Western Europe. Brussels is the capital and largest city of Belgium. Its official languages are Dutch, French, and German.

In religion, 60% Christians and 40% non-Christians live in Belgium. Belgium’s government system is a federal parliamentary constitutional monarchy. Belgium’s Monarch’s name is Philippe.

Its prime minister’s name is Alexander De Croo. Belgium’s total land area is 30,690 km2. Its land area rank is 136th in the world. Its total population is 11,492,640 in the year 2021.

Its population rank is 82nd in the world. Belgium’s population density is 376/km2. Its population density rank is 22nd in the world.

Belgium Economy

Its currency is called the Euro. Belgium’s economy is formally called the developed and advanced economy and a high-income economy.

The inflation rate in Belgium is 0.5% in the year 2020. 19.6% of Belgium’s population lives below the poverty line. Its HDI rate is 0.930 in the year 2020.

Its HDI rank is 14th in the world. The unemployment rate in Belgium is 5% in the year 2020. Belgium’s gross external debt is $1.2 trillion in the year 2017. Its total foreign reserves are $26 billion in the year 2018.

Belgium GDP

Belgium’s total GDP is $580 billion (nominal) and $620 billion (PPP) in the year 2021. Its GDP rank is 24th (nominal) and 37th (PPP) in the year 2021.

Belgium’s GDP growth rate is 5.5% in the year 2021. Its GDP per capita is $50,100 (nominal) and $53,900 (PPP) in the year 2021.

Its GDP per capita rank is 16th (nominal) and 18th (PPP) in the year 2021. When we talk about its GDP by sector, agriculture by 0.6%, industry by 22%, and services are 77% in the year 2017.

Belgium Exports

Its total exports are $475 billion in the year 2020. Its main export goods are chemicals, machinery, metals, food products, and others. Its main export partners are Germany, the Netherlands, the United Kingdom, and others.

Belgium Imports

Belgium’s total imports are $470 billion in the year 2020. Its main import goods are machinery, chemicals, oils, food products, and others. Its main import partners are the Netherlands, Germany, the United States, China, and others.

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