Belgium BE: Gross Domestic Product

Belgium BE: Gross Domestic Product data was reported at 584,698.900 EUR mn in 2023. This records an increase from the previous number of 554,213.700 EUR mn for 2022. Belgium BE: Gross Domestic Product data is updated yearly, averaging 273,255.900 EUR mn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 584,698.900 EUR mn in 2023 and a record low of 96,393.509 EUR mn in 1981. Belgium BE: Gross Domestic Product data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Belgium – Table BE.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual.

In Belgium, R&D personnel in the business sector reported since 2021 includes both internal and external personnel, causing a break in the series compared to pre-2021 data which only reflected internal personnel. Some institutions were reallocated from the PNP sector to the Government sector in 2012.

Beginning with the 1998 data, two large non-profit organisations, formerly included in the higher education sector, were reclassified in the government sector.

As of 1993 (1992 for the Business enterprise sector), data are based on full surveys and no longer on a combination of budget figures and survey findings.

Total national R&D expenditures are underestimated in 1987 and 1988, as is the contribution of government as R&D financed by federative authorities (about 2-4 % of GERD and 7-15 % of government-financed GERD) is excluded. As a breakdown of this sum by sector of performance is not available, the impact on the other R&D expenditure tables cannot be estimated, though it probably affects R&D in the Government and Higher Education sectors.

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