Belgium GDP Growth Rate by Year (1961-2023)
Belgium's GDP growth rate has shown moderate fluctuations over the decades, often linked to European and global economic trends. The 1960s and early 1970s witnessed robust growth, peaking at in 1964. However, the oil crisis of 1975 triggered a significant contraction of -, followed by recovery in 1976 at . The 1980s were marked by economic stagnation, with periods of minimal or negative growth. The early 2000s saw gradual recovery, with growth stabilizing around 2- until the global financial crisis of 2008, leading to a contraction of - in 2009. The recovery in 2010 brought growth back to , but the pandemic in 2020 severely impacted the economy, causing a - decline. The subsequent rebound in 2021 was strong at , reflecting recovery efforts and economic stabilization.
Gain a broader perspective by reviewing Belgium’s agricultural GDP share, urbanization rate in Belgium, Belgium’s government debt to GDP ratio.
