Belgium: Trade (% of GDP)
In , Belgium's Trade (% of GDP) was 158.93.
That's down 4.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Belgium ranks #13 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #5 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 191.18
- Trough
- 135.14
- 1-year change
- -4.2%
- 5-year change
- -3.9%
- -0.8% / yr
- 10-year change
- +0.2%
- +0.0% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 158.9318 | |
| 165.8469 | |
| 191.1790 | |
| 177.3819 | |
| 156.9501 | |
| 165.4655 | |
| 168.2777 | |
| 166.9041 | |
| 159.0577 | |
| 155.0687 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Belgium's Trade (% of GDP) in 2024?
- In 2024, Belgium's Trade (% of GDP) was 158.93, according to World Bank Open Data.
- Is Belgium's Trade (% of GDP) rising or falling?
- Belgium's Trade (% of GDP) fell 4.2% from 2023 to 2024.
- How does Belgium rank globally on Trade (% of GDP)?
- In 2024, Belgium ranked #13 out of 160 countries reporting Trade (% of GDP).
- How does Belgium's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Belgium is above the world average. Within Europe & Central Asia, it ranks #5 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.