Nomad Watch
BE

Belgium

Western Europe EU Schengen EUR

BE · BEL · #136 · 19 cities

Nomad score 60/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$89,795
GDP (2031)
$887.6B
GDP growth (2031)
1.3% →
Inflation (2031)
1.8% →
Unemployment (2031)
5.8% →
Population (2031)
12.1M
Population growth (2031)
0.3% ↓
Gini index (2023)
26.8
Government debt (2031)
122.3% of GDP
Current account (2031)
-0.7% of GDP
FDI inflows (2025)
-$28.8B
Life expectancy (2024)
82.3 yrs
Health spending (2023)
10.8% of GDP
Internet users (2024)
95.8%
Mobile subscriptions (2024)
103.9/100
Trade openness (2025)
152.9% of GDP
Exchange rate (2025)
0.89/USD
Foreign reserves (2025)
$56.4B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
122.3% of GDP
Current account (2031)
-0.7% of GDP
FDI inflows (2025)
-$28.8B

Income inequality (Gini)

Gini index (2023)
0.27
Assessment
Low inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2023)
5.31/1k
Tax revenue (2024)
23.0% of GDP
Services sector (2025)
71.2% of GDP

Financial access and costs

ATMs per 100k (2024)
49.6
Bank branches per 100k (2023)
18.4
ICT service exports (2025)
14.9%
Goods and services tax (2024)
10.1%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $887.6B $89,795 1.3% 1.8% 5.8% 12.1M - 122.3% -0.7% - - - - -
2030 * $863.8B $92,017 1.3% 1.8% 5.8% 12.1M - 119.5% -0.8% - - - - -
2029 * $840.8B $89,580 1.2% 2.0% 5.9% 12.0M - 116.6% -1.1% - - - - -
2028 * $817.0B $87,422 1.1% 2.1% 6.0% 12.0M - 114.2% -1.3% - - - - -
2027 * $797.0B $85,356 1.1% 2.2% 6.1% 12.0M - 111.5% -1.9% - - - - -
2026 * $776.7B $83,548 0.7% 2.8% 6.2% 11.9M - 109.2% -2.0% - - - - -
2025 $724.9B $74,676 1.0% 3.0% 6.2% 11.9M - 106.3% -2.1% -$28.8B - - - 0.89
2024 $671.2B $74,225 1.1% 4.3% 5.7% 11.8M - 103.9% -0.4% -$41.4B 82.3 - 95.8% 0.92
2023 $651.5B $72,630 1.7% 2.3% 5.5% 11.7M 26.8 102.2% 0.2% -$4.2B 82.4 10.8% 94.6% 0.92
2022 $591.6B $68,879 4.0% 10.3% 5.6% 11.6M 26.4 103.1% -1.9% $13.1B 81.8 10.7% 94.0% 0.95
2021 $598.9B $60,669 6.3% 3.2% 6.3% 11.6M 26.6 108.5% 1.8% $34.0B 81.8 11.3% 92.8% 0.85
2020 $529.3B $56,120 -4.8% 0.4% 5.6% 11.5M 26.0 111.2% 0.9% -$30.1B 80.7 11.5% 91.5% 0.88
2019 $536.8B $56,712 2.4% 1.2% 5.4% 11.5M 27.2 97.6% 0.1% -$10.6B 82.0 10.9% 90.3% 0.89
2018 $542.9B $52,467 1.9% 2.3% 6.0% 11.4M 27.2 100.1% -0.9% -$41.6B 81.6 11.0% 88.7% 0.85
2017 $500.7B $50,256 1.5% 2.2% 7.1% 11.4M 27.4 102.5% 0.7% -$37.3B 81.5 10.9% 87.7% 0.89
2016 $474.1B $48,415 1.2% 1.8% 7.8% 11.3M 27.6 105.5% 0.6% $57.5B 81.4 10.9% 86.5% 0.90
2015 $461.1B $46,072 1.5% 0.6% 8.7% 11.2M 27.7 105.6% 1.4% -$19.5B 81.0 10.9% 85.1% 0.90
2014 $538.1B $45,148 1.8% 0.5% 8.7% 11.2M 28.1 106.6% 0.8% -$15.2B 81.3 10.6% 85.0% 0.75
2013 $524.1B $43,864 0.3% 1.2% 8.6% 11.1M 27.7 105.0% 1.0% -$29.6B 80.6 10.6% 82.2% 0.75
2012 $498.7B $42,484 0.2% 2.6% 7.6% 11.1M 27.5 104.3% -0.1% $11.8B 80.4 10.6% 80.7% 0.78
2011 $527.1B $41,245 1.9% 3.4% 7.2% 11.0M 28.1 102.7% -1.9% $163.6B 80.6 10.4% 81.6% 0.72
2010 $481.9B $39,840 2.7% 2.3% 8.4% 10.8M 28.4 100.2% 1.6% $125.5B 80.2 10.4% 77.6% 0.75
2009 $484.5B $37,906 -1.9% 0.0% 8.0% 10.8M 28.6 99.9% 1.7% $77.4B 80.0 10.5% 74.5% 0.72
2008 $517.3B $37,883 0.4% 4.5% 7.0% 10.7M 28.4 93.2% -1.0% $190.4B 79.7 9.6% 68.9% 0.68
2007 $471.0B $36,798 3.7% 1.8% 7.5% 10.6M 29.2 87.3% 1.5% $96.6B 79.8 9.1% 66.8% 0.73
2006 $408.3B $35,251 2.6% 2.3% 8.3% 10.5M 28.1 91.5% 1.9% $58.8B 79.4 9.1% 62.0% 0.80
2005 $385.9B $33,178 2.3% 2.5% 8.5% 10.4M 29.3 95.1% 2.0% $33.7B 79.0 9.3% 55.8% 0.80
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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