Belgium Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Belgium's government debt to gdp was 107.50% in 2025, ranked 13th globally. This represents a 2.7% increase from 2024. Data from IMF WEO, covering 1980–2025.
Overview
Belgium's government debt to gdp stood at 107.50% in 2025, a rise of +2.80% from 2024. The IMF projects 107.50% by 2025. Belgium ranked 13th globally.
Belgium’s general government debt ratio has risen steadily from a trough of 76.80 % of GDP in 1980 to an all‑time peak of 138.93 % in 1993, before moderating to 107.50 % in 2025, positioning the country 13th globally among 46 economies tracked by the IMF World Economic Outlook. The post‑1993 decline reflects fiscal consolidation efforts and the impact of the European sovereign‑debt crisis, yet the debt burden remains higher than that of nearby peers such as Ukraine (108.64 %) and Cabo Verde (106.02 %). Compared with the early 1980s, the current level is roughly 30 percentage points higher, indicating that debt reduction has been partial despite periods of surplus. Structural reforms, demographic pressures and the pace of economic growth will determine whether Belgium can reverse the modest upward trend observed since the mid‑2010s, potentially bringing the ratio closer to the European Union average.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 122.63% | - | - |
| 2029* IMF | 119.53% | - | - |
| 2028* IMF | 116.34% | - | - |
| 2027* IMF | 113.32% | - | - |
| 2026* IMF | 110.57% | - | - |
| 2025* IMF | 107.50% | - | - |
| 2025 | 107.50% | +2.80% | #13 |
| 2024 | 104.71% | +1.46% | #172 |
| 2023 | 103.25% | +0.55% | #168 |
| 2022 | 102.70% | −5.84% | #167 |
| 2021 | 108.54% | −2.70% | #169 |
| 2020 | 111.25% | +13.67% | #165 |
| 2019 | 97.57% | −2.51% | #170 |
| 2018 | 100.08% | −2.41% | #175 |
| 2017 | 102.49% | −2.99% | #175 |
| 2016 | 105.48% | −0.10% | #174 |
| 2015 | 105.57% | −0.98% | #178 |
| 2014 | 106.56% | +1.52% | #178 |
| 2013 | 105.03% | +0.70% | #176 |
| 2012 | 104.34% | +1.60% | #175 |
| 2011 | 102.74% | +2.49% | #174 |
Detected Pattern
Analysis
Belgium matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Belgium's government debt to gdp was 107.50% in 2025. Ranked 13th globally. This represents a 2.7% increase from the previous year.
Belgium's government debt to gdp peaked at 138.93% in 1993.
The lowest government debt to gdp in Belgium was 76.80% in 1980.
Belgium ranks 13th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Belgium's government debt to gdp is projected to reach 107.50% by 2025 based on IMF projection.
The government debt to gdp of Belgium in 2025 was 107.50%. This ranks 13th in the world.
Cite this page
@misc{historysaid_belgium_government-debt-to-gdp,
title = {Belgium Government Debt to GDP},
url = {https://historysaid.com/belgium/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}