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General profile: Belgium

GENERAL INFORMATION FOR 2023
Exchange rate
Population
Population
Exchange rates
GDP
GDP
11.713 Millions
..
635 102 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 30 280 km²
2.29 %
2.26 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-9.8 %
Merchandise exports growth rate in 2023
Total merchandise trade
(millions of US$)
2005
2010
2015
2023
Merchandise exports
334 400
407 692
396 841
564 770
Merchandise imports
318 700
391 177
375 530
548 051
Merchandise trade balance
15 700
16 515
21 311
16 719
Export structure by product group in 2023
(as % of total exports)
4 %4 %67 %67 %13 %13 %4 %4 %12 %12 %
Top 5 partners in 2023
(exports, millions of US$)
64 05552 93149 73927 71723 38964 05552 93149 73927 71723 389
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2023
Services exports
59 200
98 438
109 015
146 304
Services imports
54 112
87 701
104 323
152 978
Services trade balance
5 088
10 737
4 692
-6 674
Services exports by main category²
(as % of total services)
2005
2010
2015
2023
Transport
(e) 25.6
27.1
20.8
21.5
Travel
(e) 17.2
11.6
7.2
5.2
Other services
(e) 52.1
(e) 55.6
(e) 66.6
(e) 69.3
TRADE INDICES
More data on UNCTADstat
109117113100105104104105100989693949286961019598981001021009910010210099989899100101100103102
ECONOMIC TRENDS
More data on UNCTADstat
+2.3 %
Gross domestic product growth rate in 2023
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
GDP, current
385 561
480 952
462 150
635 102
GDP per capita, current US$
36 794
43 976
40 988
54 222
Real GDP growth, y-on-y, %
2.32
2.86
2.04
2.26
Current account balance, % of GDP
2.00
1.53
1.38
-0.98
Exchange rate (/US$)
0.804
0.754
0.901
..
GDP by expenditure in 2022
(as % of total GDP)
50.723.827.195.797.450.723.827.195.797.4
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+1.9 %
FDI outflows as % of GDP in 2023
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
FDI inflows
34 370.49
57 583.32
28 331.30
23 019.12
FDI outflows
32 658.06
576.12
55 199.16
12 072.36
Personal remittances, % of GDP
1.79
2.29
2.26
..
Financial flows trends
(millions of US$)
13 437.713 708.912 850.512 330.112 448.611 435.510 786.410 464.912 161.011 695.111 171.511 728.510 993.711 090.710 479.08 991.87 268.96 884.36 562.55 778.123 01911 5519 9053 13311 86127 137-3 06568 24528 331-3 50623 89811 67083 36657 58364 440-13 85793 43158 89334 37043 55833 47616 25188 20388 739FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2023
Balance, % of GDP
2.45
1.29
1.42
-1.61
Balance, % of imports
3.40
1.70
1.86
-1.87
Normalized balance
0.017
0.008
0.009
-0.009
Trade openness²
(sum of imports and exports as % of GDP)
170193174155164166165158154163163165165152137160154150147
LIVING AREA
Population by living area in 2023
(% of population)
Urban 98%Urban 98%Rural 2%Rural 2%
OTHER INDICATORS
More data on UNCTADstat
0.402 %
Share of the total world merchant fleet in 2023
Maritime transport indicators
 
2005
2010
2015
2023
Merchant fleet, national flag (thousands of DWT)
6 815
6 575
8 671
9 155
Container port throughput (TEU)
..
9 988 291
10 059 579
..
Information economy indicators
(as % of)
2005
2010
2015
2023
Share of ICT goods, % of total exports
3.86
2.03
2.18
..
Share of ICT goods, % of total imports
4.64
3.81
3.84
..
Share of workforce involved in the ICT sector
..
(r) 5.71
4.34
..
Source: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
q
Estimated. Data refers to 2020.
r
Number of persons employed in full time equivalent units.Total business economy includes repair of computers, personal and household goods; except financial and insurance activities.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on the UNCTAD Data Hub do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in the UNCTAD Data Hub.
Generation date: 11 October 2024