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Key Insights
Belgium’s GDP at current prices (B1G) demonstrated steady growth from €417.9 billion in 2020 to €555.5 billion in 2024, representing a 32.9% increase over the period. The largest component, Final Consumption Expenditure (P3), grew substantially from €345.4 billion to €466.6 billion. Gross Fixed Capital Formation (P51G) increased from €111.5 billion to €149.8 billion, indicating robust investment activity. Exports (P7) showed significant volatility, peaking in 2022 at €545.1 billion before declining to €486.5 billion in 2024, while imports (P6) followed a similar pattern, reaching €536.9 billion in 2022 and dropping to €486.4 billion by 2024.
Chart Information
Chart Type: Line Chart
Time Period: 2020-2024 (Annual data)
Unit: Million EUR at Current Prices
NUTS ID: BE (Belgium)
Colors Used: Primary color #18baa8 with complementary shades for different components
Data Values Used (Million EUR)
| Component | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| GDP (B1G) | 417,994.9 | 452,406.9 | 508,390.3 | 538,959.5 | 555,550.5 |
| Final Consumption (P3) | 345,437.9 | 372,902.0 | 420,161.0 | 448,568.3 | 466,554.3 |
| Gross Fixed Capital Formation (P51G) | 111,457.3 | 121,028.2 | 134,457.9 | 145,750.7 | 149,800.4 |
| Exports (P7) | 360,581.4 | 444,089.5 | 545,107.2 | 505,462.9 | 486,478.1 |
| Imports (P6) | 367,276.2 | 453,546.6 | 536,875.6 | 501,887.2 | 486,397.5 |
Gross domestic product (GDP) and main components (output, expenditure and income)
BE (Belgium)Data-Level: BE Source: Eurostat - nama_10_gdp dataset. Data extracted for Belgium (BE) covering the period 2020-2024.
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Project manager:
Franziska Görmar
IfL - Leibniz Institute for Regional Geography, Germany
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This project is supported by the Interreg CENTRAL EUROPE Programme with co-financing from the European Regional Development Fund.
Find more information about the x-Inno Radar project on the Interreg CE projectwebsite.
x-Inno Radar is a project of: 
Creative Region Linz & Upper Austria Gmbh, 
The Regional Chamber of Commerce of the Karlovy Vary Region, 
Padova Chamber of Commerce, Industry, Crafts and Agriculture, 
Creative Industry Košice, n. o., 
BSC, Business support centre, ltd., Kranj, 
Regional Development Agency in Bielsko-Biała, 
Stebo Competence Centre Community Developmentm, 
Association of Cultural and Creative Industries Chemnitz and Region (Creative Chemnitz), Leibniz Institute for Regional Geography – Germany, Otelo Cooperative