Belgium 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$529.69 billion
↓ 1.31% vs 2019GDP per Capita
$45,906.29
↓ 1.73% vs 2019GDP Growth (Annual %)
-4.79%
↓ 7.24pp vs 2019Inflation Rate (CPI %)
0.74%
↓ 0.70pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $536.73 billion | $529.69 billion | -1.31% |
| GDP per Capita | $46,716.62 | $45,906.29 | -1.73% |
| GDP Growth (Annual %) | 2.44% | -4.79% | -7.24pp |
| Inflation (CPI %) | 1.44% | 0.74% | -0.70pp |
| Unemployment Rate (%) | 5.36% | 5.55% | +0.18pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $529.69 billion
- GDP per Capita
- $45,906.29
- GDP Growth (Annual %)
- -4.79%
- Gross National Income
- $531.67 billion
Prices & Employment
- Inflation (CPI %)
- 0.74%
- Inflation (GDP Deflator %)
- 1.60%
- Unemployment Rate (%)
- 5.55%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 0.87%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Belgium's Gross Domestic Product (GDP) is $529.69 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Belgium for 2020 is $45,906.29. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Belgium for 2020 is 0.74%. This measures the annual percentage change in the cost of consumer goods and services.
Belgium's annual GDP growth rate for 2020 is -4.79%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Belgium for 2020 is 5.55%. This represents the percentage of the labor force that is unemployed and actively seeking employment.