Goods and services expense in Belgium
Belgium: Goods and services expense was 6.97 billion current LCU in 2024. ▲ Rising
Goods and services expense in Belgium, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in Belgium stood at 6.97 billion current LCU. That is the highest value across all 30 years on record.
That represents a change of up 1.7% on the previous year and up 52.8% over ten years.
Over the whole period, goods and services expense in Belgium peaked at 6.97 billion current LCU in 2024 and was at its lowest, 2.07 billion current LCU, in 1995.
That places Belgium 111th out of 155 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.17 billion current LCU | 2.07 billion current LCU | 2.36 billion current LCU | 5 |
| 2000s | 3.07 billion current LCU | 2.54 billion current LCU | 3.74 billion current LCU | 10 |
| 2010s | 4.34 billion current LCU | 3.89 billion current LCU | 4.79 billion current LCU | 10 |
| 2020s | 6.09 billion current LCU | 5.00 billion current LCU | 6.97 billion current LCU | 5 |
Countries ranked near Belgium
More public sector data for Belgium
- Arms imports 515.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.0% (2024)
- Taxes on income, profits and capital gains 35.9% (2024)
- Taxes on goods and services 23.9% (2024)
- Net investment in nonfinancial assets 0.7% (2024)
- Net lending (+) / net borrowing (-) -2.7% (2024)
- Interest payments 4.5% (2024)
- Grants and other revenue 3.9% (2024)
- Interest payments 3.2% (2022)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is goods and services expense in Belgium?
- Goods and services expense in Belgium was 6.97 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Belgium?
- The highest recorded value was 6.97 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Belgium?
- The lowest recorded value was 2.07 billion current LCU in 1995.
- How does Belgium rank for goods and services expense?
- Belgium ranks 111th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Belgium?
- Over the last ten years it is up 52.8%. The long-run trend across the full record is rising.
- Where does this Belgium data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.