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The Gross Domestic Product (GDP) in Belgium was worth 644.78 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Belgium represents 0.61 percent of the world economy. This dataset provides the latest reported value for - Belgium GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Belgium's Insurance and financial services (% of services imports) is 7.47% which is the 78th highest in the world ranking. Transition graphs on Insurance and financial services (% of services imports) in Belgium and comparison bar charts (USA vs. China vs. Japan vs. Belgium), (Bolivia, Plurinational State of vs. South Sudan vs. Belgium) are used for easy understanding. Various data can be downloaded and output in csv format for use in EXCEL free of charge.
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The average for 2017 based on 65 countries was 1.8 kidnappings per 100,000 people. The highest value was in Belgium: 10.3 kidnappings per 100,000 people and the lowest value was in Bermuda: 0 kidnappings per 100,000 people. The indicator is available from 2003 to 2017. Below is a chart for all countries where data are available.
With a Gross Domestic Product of over 4.18 trillion Euros, the German economy was by far the largest in Europe in 2023. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 5.7 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.1 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.
Of the Benelux countries, Luxembourg has the highest score when it comes to the ease of access of loans. The Global Competitiveness Index (GCI) combines 114 indicators that capture concepts that matter for productivity and long-term prosperity. These indicators are grouped into 12 pillars: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation. These pillars are in turn organized into three subindexes: basic requirements, efficiency enhancers, and innovation and sophistication factors. The three subindexes are given different weights in the calculation of the overall Index, depending on each economy’s stage of development, as proxied by its GDP per capita and the share of exports represented by raw materials.
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
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The Gross Domestic Product (GDP) in Belgium was worth 644.78 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Belgium represents 0.61 percent of the world economy. This dataset provides the latest reported value for - Belgium GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.