Belgium's gross Value Added (GVA) at basic prices (constant LCU) was 477.72 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 17.14% from 407.8 billion in 2015 (1.59% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 477.72 billion | 2025 |
| Five years earlier | 417.99 billion | 2020 |
| Ten years earlier | 407.8 billion | 2015 |
| Highest | 477.72 billion | 2025 |
| Lowest | 161.32 billion | 1970 |
| Average since 2016 | 443.08 billion | 2016–2025 |
| First recorded | 161.32 billion |
What the numbers say
In 2025, Belgium's gross Value Added (GVA) at basic prices (constant LCU) rose 0.9% on 2024 (from 473.4 billion to 477.72 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +1.8% and a typical year strayed about 1.8% from that (the standard deviation). This year's change was 0.5 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 5.7% in 1976 and the biggest yearly fall was 4.2% 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 2016 to 2025 the straight-line trend is upward, about 7.92 billion a year. A straight line explains 90% 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.
How it compares
In 2025, Belgium had the 95th highest value of the 161 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 2025 ranking
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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 varies by country. This series is expressed in local currency units.
All 56 values
| Year | Gross Value Added (GVA) at basic prices (constant LCU) |
|---|---|
| 2025 | 477,717,000,000 |
| 2024 | 473,404,800,000 |
| 2023 | 469,060,500,000 |
| 2022 | 460,746,400,000 |
| 2021 | 441,793,300,000 |
| 2020 | 417,994,900,000 |
| 2019 | 436,337,000,000 |
| 2018 | 425,231,800,000 |
| 2017 | 417,213,200,000 |
| 2016 | 411,344,300,000 |
Gross Value Added (GVA) at basic prices (constant LCU) in nearby economies
- Albania — 1.83 trillion (2025)
- Andorra — 2.84 billion (2025)
- Armenia — 7.12 trillion (2025)
- Austria — 372.95 billion (2025)
- Azerbaijan — 31.02 billion (2025)
- Belarus — 190.27 billion (2025)
- Bosnia and Herzegovina — 36.41 billion (2025)
- Bulgaria — 65.28 billion (2025)
- Croatia — 57.24 billion (2025)
- Cyprus
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
Questions people ask
- What is Belgium's gross Value Added (GVA) at basic prices (constant LCU)?
- 477.72 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 196.14% from 161.32 billion in 1970 (1.99% a year on average, compounded). The highest value was 477.72 billion in 2025 and the lowest 161.32 billion in 1970.
- How does Belgium rank?
- 95th highest of 161 economies with data for 2025.
- Is the latest change in gross Value Added (GVA) at basic prices (constant LCU) unusual for Belgium?
- In 2025, Belgium's gross Value Added (GVA) at basic prices (constant LCU) rose 0.9% on 2024 (from 473.4 billion to 477.72 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +1.8% and a typical year strayed about 1.8% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) 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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