Belgium: GNI, PPP (constant 2021 international $)

Key figures

What the numbers say

In 2024, Belgium's GNI, PPP (constant 2021 international $) rose 1.2% on 2023 (from 737.77 billion to 746.79 billion).

Across the 28 yearly changes before that (1996 to 2023), the average change was +1.5% and a typical year strayed about 1.8% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 5.6% in 2021 and the biggest yearly fall was 4.4% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 9 billion a year. A straight line explains 85% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 765.91 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 10.43 billion, against 20.51 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Belgium had the 7th highest value of the 48 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Belgium in the 2024 ranking

• United Kingdom — 4th of 48: 3.65 trillion
• Spain — 5th of 48: 2.37 trillion
• Iran, Islamic Rep. — 6th of 48: 1.47 trillion
• Kazakhstan — 8th of 48: 706.05 billion
• Austria — 9th of 48: 572.56 billion
• Iraq — 10th of 48: 551.26 billion

What this measures

This indicator provides values for gross national income (GNI) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 30 values

GNI, PPP (constant 2021 international $) in nearby economies

• Albania — 53.24 billion (2024)
• Armenia — 63.08 billion (2025)
• Austria — 572.56 billion (2024)
• Belarus — 273.61 billion (2025)
• Bosnia and Herzegovina — 66.37 billion (2025)
• Bulgaria — 214.02 billion (2025)
• Croatia — 171.06 billion (2025)
• Cyprus — 47.62 billion (2025)
• Czechia — 505.5 billion (2024)
• Denmark — 429.86 billion (2025)

More economic policy & debt data for Belgium

• Total reserves, including gold (current US$) — US$56.39 billion (2025)
• Total reserves, excluding gold (current US$) — US$24.46 billion (2025)
• GDP (current US$) — US$725.47 billion (2025)
• GDP (current LCU) — 642.02 billion (2025)
• GDP (constant 2015 US$) — US$539.12 billion (2025)
• GDP (constant LCU) — 531.48 billion (2025)
• GDP per capita (current US$) — US$60,750 (2025)
• GDP per capita (current LCU) — 53,762 (2025)
• GDP per capita (constant 2015 US$) — US$45,146 (2025)
• GDP per capita (constant LCU) — 44,506 (2025)
• GNI (current US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Belgium's GNI, PPP (constant 2021 international $)?

746.79 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 54.3% from 483.98 billion in 1995 (1.51% a year on average, compounded). The highest value was 746.79 billion in 2024 and the lowest 483.98 billion in 1995.

Source

World Bank, World Development Indicators, indicator NY.GNP.MKTP.PP.KD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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