Goods and services expense in Belgium
Belgium: Goods and services expense was 2.8% in 2022. ▲ Rising
Goods and services expense in Belgium, 1995–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Belgium recorded 2.8% for goods and services expense in 2022. That is the highest value across all 28 years on record.
The figure is up 13.2% on the previous year and up 26.4% over ten years.
Over the whole period, goods and services expense in Belgium peaked at 2.8% in 2022 and was at its lowest, 2.1%, in 1997.
Belgium ranks 153rd of 154 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Goods and services expense in Belgium, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 2.2% | — |
| 1996 | 2.1% | -1.1% |
| 1997 | 2.1% | -1.5% |
| 1998 | 2.1% | +1.1% |
| 1999 | 2.2% | +4.9% |
| 2000 | 2.3% | +4.3% |
| 2001 | 2.4% | +2.2% |
| 2002 | 2.5% | +3.8% |
| 2003 | 2.4% | -2.2% |
| 2004 | 2.5% | +3.1% |
| 2005 | 2.3% | -8.1% |
| 2006 | 2.3% | +2.7% |
| 2007 | 2.3% | -1.0% |
| 2008 | 2.5% | +8.8% |
| 2009 | 2.4% | -4.9% |
| 2010 | 2.5% | +2.5% |
| 2011 | 2.4% | -2.2% |
| 2012 | 2.3% | -6.3% |
| 2013 | 2.2% | -0.8% |
| 2014 | 2.5% | +12.2% |
| 2015 | 2.6% | +3.1% |
| 2016 | 2.6% | -0.3% |
| 2017 | 2.5% | -3.6% |
| 2018 | 2.5% | +1.9% |
| 2019 | 2.5% | +0.1% |
| 2020 | 2.5% | -2.4% |
| 2021 | 2.5% | +1.7% |
| 2022 | 2.8% | +13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.1% | 2.1% | 2.2% | 5 |
| 2000s | 2.4% | 2.3% | 2.5% | 10 |
| 2010s | 2.5% | 2.2% | 2.6% | 10 |
| 2020s | 2.6% | 2.5% | 2.8% | 3 |
Countries ranked near Belgium
More public sector data for Belgium
- Arms imports 515.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 43.43 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0008 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -92.94 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 515.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 721.97 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0128 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.22 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 8.56 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 393.52 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Belgium?
- Goods and services expense in Belgium was 2.8% in 2022, 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 2.8% in 2022.
- What is the lowest goods and services expense recorded in Belgium?
- The lowest recorded value was 2.1% in 1997.
- How does Belgium rank for goods and services expense?
- Belgium ranks 153rd out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in Belgium?
- Over the last ten years it is up 26.4%. 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 (% of expense). Statizoid updates them automatically from the source API.
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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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.