Home/Countries/Belgium/Government Expense (% of GDP)

BelgiumGovernment Expense (% of GDP)

Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #20 of 138Series years: 20002022
Latest Value
39.7%
2022
YoY Change
-4.1%
20212022
Global Rank
#20
of 138 countries
Maximum
45.7%
2012
Minimum
39.4%
2019
CAGR
-0.3%
23 years
Last
39.7%
Previous
41.4%
Highest
45.7%
Lowest
39.4%
Unit
% of GDP
Source
World Bank World Development Indicators

Belgium's government expense (% of GDP) was 39.7% in 2022, ranking #20 out of 138 countries. This represents a -4.1% change from 2021. Over the past 23 years, the highest recorded value was 45.7% (2012) and the lowest was 39.4% (2019). Data sourced from the World Bank World Development Indicators.

Belgium — Government Expense (% of GDP): 39.7114397532252 % of GDP for reference year 2022. Source: World Bank (World Development Indicators). Reference year does not establish final observed status; publisher vintage is not verified here.
Source: World Bank World Development Indicators

Historical Data

YearValueChange
202239.7%-4.1%
202141.4%-5.1%
202043.7%+10.8%
201939.4%-1.3%
201839.9%-0.4%
201740.1%-2.6%
201641.2%-1.3%
201541.7%-7.2%
201445.0%-0.9%
201345.3%-0.8%
201245.7%+2.7%
201144.5%+2.2%
201043.6%-1.5%
200944.2%+5.1%
200842.1%+4.5%
200740.3%-0.7%
200640.6%-6.7%
200543.5%+6.4%
200440.9%-3.9%
200342.6%+2.7%
200241.4%-3.7%
200143.0%+0.9%
200042.6%

Top Countries — Government Expense (% of GDP)

#CountryValueYear
1Naoero103.6%2020
2Kiribati83.7%2023
3Ukraine65.6%2023
4Marshall Islands59.4%2020
5Palau59.0%2020
6Timor-Leste52.5%2022
7Greece47.3%2023
8Italy47.3%2023
9France47.3%2023
10Austria46.0%2023
View all 138 countries →

About This Indicator

Definition

Expense is a decrease in net worth resulting from a transaction. 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.

Methodology

Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)

Unit

% of GDP

Source: World Bank (World Development Indicators)View original source →