Belgium recorded a government debt equivalent to 98.60 percent of the country's Gross Domestic Product in 2019.

Government Debt to GDP in Belgium averaged 109.22 percent from 1980 until 2019, reaching an all time high of 133.10 percent in 1993 and a record low of 74.10 percent in 1980. This page provides - Belgium Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Government Debt to GDP - values, historical data and charts - was last updated on October of 2020.

Government Debt to GDP in Belgium is expected to reach 114.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Government Debt to GDP is projected to trend around 111.00 percent in 2021 and 108.00 percent in 2022, according to our econometric models.

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Belgium Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
98.60 99.80 133.10 74.10 1980 - 2019 percent Yearly

Belgium Government Last Previous Highest Lowest Unit
Government Debt to GDP 98.60 99.80 133.10 74.10 percent [+]
Government Budget -1.90 -0.80 0.20 -5.40 percent of GDP [+]
Government Budget Value -3402.00 -3159.00 779.00 -18817.00 EUR Million [+]
Government Spending 22682.00 24832.00 25634.00 9857.00 EUR Million [+]
Government Spending to GDP 52.20 52.20 64.00 48.60 percent [+]
Government Revenues 232880.00 224454.00 232880.00 12733.00 EUR Million [+]
Government Debt 611215.00 575449.00 611215.00 310141.00 EUR Million [+]
Fiscal Expenditure 235976.40 228976.10 235976.40 110858.20 EUR Million [+]
Military Expenditure 4614.00 4485.00 8625.00 2007.00 USD Million [+]
Credit Rating 86.00 [+]
Asylum Applications 1070.00 710.00 6360.00 170.00 persons [+]


Belgium Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.