Belgium's social contributions (current LCU) was 83.81 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 40.56% from 59.63 billion in 2014 (3.46% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 83.81 billion | 2024 |
| Five years earlier | 65.62 billion | 2019 |
| Ten years earlier | 59.63 billion | 2014 |
| Highest | 83.81 billion | 2024 |
| Lowest | 31.15 billion | 1995 |
| Average since 2015 | 68.34 billion | 2015–2024 |
| First recorded | 31.15 billion |
What the numbers say
In 2024, Belgium's social contributions (current LCU) rose 4.5% on 2023 (from 80.17 billion to 83.81 billion).
Across the 28 yearly changes before that (1996 to 2023), the average change was +3.5% and a typical year strayed about 2.2% from that (the standard deviation). This year's change was 0.5 standard deviations above 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 8.4% in 2022 and the biggest yearly fall was 1.4% in 2016. 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 2.53 billion a year. A straight line explains 86% 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 2024, Belgium had the 35th highest value of the 68 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
- Netherlands — 32nd of 68: 138.32 billion
- Israel — 33rd of 68: 106.28 billion
- North Macedonia — 34th of 68: 101.35 billion
- Austria — 36th of 68: 76.98 billion
- Kyrgyz Republic — 37th of 68: 73.78 billion
- Switzerland — 38th of 68: 55.27 billion
What this measures
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 30 values
| Year | Social contributions (current LCU) |
|---|---|
| 2024 | 83,813,300,000 |
| 2023 | 80,169,200,000 |
| 2022 | 73,976,500,000 |
| 2021 | 68,236,300,000 |
| 2020 | 64,810,600,000 |
| 2019 | 65,620,800,000 |
| 2018 | 63,468,200,000 |
| 2017 | 62,004,500,000 |
| 2016 | 60,235,800,000 |
| 2015 | 61,063,300,000 |
Social contributions (current LCU) in nearby economies
- Albania — 158.91 billion (2024)
- Armenia — 8.7 billion (2015)
- Austria — 76.98 billion (2024)
- Azerbaijan — 8.1 billion (2024)
- Belarus — 28.34 billion (2024)
- Bosnia and Herzegovina — 8.17 billion (2024)
- Bulgaria — 9.28 billion (2024)
- Croatia — 8.37 billion (2023)
- Cyprus — 4.52 billion (2024)
- Czechia — 1.27 trillion (2024)
- Denmark
More public sector data for Belgium
- Arms imports (SIPRI trend indicator values) — 430 million (2025)
- Military expenditure (current USD) — 14.53 billion (2025)
- Military expenditure (current LCU) — 12.88 billion (2025)
- Military expenditure (% of GDP) — 2.01% (2025)
- Arms exports (SIPRI trend indicator values) — 86 million (2025)
- Military expenditure (% of general government expenditure) — 3.67% (2025)
- Armed forces personnel, total — 24,000 (2020)
- Armed forces personnel (% of total labor force) — 0.47% (2020)
- Net investment in nonfinancial assets (current LCU) — 4.51 billion (2024)
- Net investment in nonfinancial assets (% of GDP)
Reading data like this
Questions people ask
- What is Belgium's social contributions (current LCU)?
- 83.81 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 169.08% from 31.15 billion in 1995 (3.47% a year on average, compounded). The highest value was 83.81 billion in 2024 and the lowest 31.15 billion in 1995.
- How does Belgium rank?
- 35th highest of 68 economies with data for 2024.
- Is the latest change in social contributions (current LCU) unusual for Belgium?
- In 2024, Belgium's social contributions (current LCU) rose 4.5% on 2023 (from 80.17 billion to 83.81 billion). Across the 28 yearly changes before that (1996 to 2023), the average change was +3.5% and a typical year strayed about 2.2% from that (the standard deviation). This year's change was 0.5 standard deviations above 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 GC.REV.SOCL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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