Belgium 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$644.78 billion
↑ 8.65% vs 2022GDP per Capita
$54,700.91
↑ 7.66% vs 2022GDP Growth (Annual %)
1.25%
↓ 2.98pp vs 2022Inflation Rate (CPI %)
4.05%
↓ 5.55pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $593.44 billion | $644.78 billion | +8.65% |
| GDP per Capita | $50,807.20 | $54,700.91 | +7.66% |
| GDP Growth (Annual %) | 4.23% | 1.25% | -2.98pp |
| Inflation (CPI %) | 9.60% | 4.05% | -5.55pp |
| Unemployment Rate (%) | 5.57% | 5.53% | -0.04pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $644.78 billion
- GDP per Capita
- $54,700.91
- GDP Growth (Annual %)
- 1.25%
- Gross National Income
- $648.33 billion
Prices & Employment
- Inflation (CPI %)
- 4.05%
- Inflation (GDP Deflator %)
- 4.51%
- Unemployment Rate (%)
- 5.53%
- 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)
- -0.70%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Belgium's Gross Domestic Product (GDP) is $644.78 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Belgium for 2023 is $54,700.91. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Belgium for 2023 is 4.05%. This measures the annual percentage change in the cost of consumer goods and services.
Belgium's annual GDP growth rate for 2023 is 1.25%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Belgium for 2023 is 5.53%. This represents the percentage of the labor force that is unemployed and actively seeking employment.