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CompareEconomy.com Comparison of world economies

Belgium

World Rank 27 5.12 Belgium flag svg
Capital
Area
Currency
Brussels
30,528 km 2
Euro (EUR)

Table of Contents

Introduction

One of the smallest nations in Europe is the Kingdom of Belgium. It is located in Western Europe. They have four different neighbours, namely France, Germany, Netherlands, and Luxembourg. The total land area is very small, because there are 30,600 square kilometers, giving them 136th place in terms of land coverage.

Economy

In spite of its very small size, Belgium is relatively powerful as the economy of the kingdom is concerned. In 2019, their GDP was around $630 billion, which is 7th largest in the entire European’s Union. What is more, we should also remember about the fact that the wealth of every Belgian is very large when compared to even worldwide numbers. GDP per capita (with PPP taken into consideration) was around $55,000 in 2019, which gives them 8th place in Europe in this respect. It is also 18% higher value than the average in Europe.

Population

For such a small country, we should remember about its relatively large population. In 2019, there were around 11.4 million people living on the land area of 30,600 square kilometers. As a result, their density is very large (22nd position worldwide) and it is around 376 people per square kilometer.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#23 (2021)
594,104,177,539 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#32 (2021)
6,246,761,221 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#83 (2021)
6.26 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)