National Debt (% of GDP): Belgium
Belgium's national debt (% of gdp) is currently 110.6% as of 2026. # Belgium National Debt (% of GDP) Belgium's national debt stood at 110.
Current (2026)
110.6%
+2.9% y/y
Peak (1993)
138.9%
Low (1980)
76.8%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
National Debt (% of GDP) — Belgium
1980 — 2026
National Debt (% of GDP) — Belgium
Analysis# Belgium National Debt (% of GDP)
Belgium's national debt stood at 110.6% of GDP in 2026, reflecting a country managing substantial fiscal obligations. This figure sits well below the nation's all-time peak of 138.9% in 1993 but significantly above the low of 76.8% recorded in 1980. Since 1980, Belgium's debt has increased by 44 percentage points, indicating a long-term upward trend despite periods of improvement.
The most significant turning point occurred between 1993 and 2020, when debt gradually declined to 97.6% by 2019. The COVID-19 pandemic reversed this progress, spiking debt to 111.2% in 2020. Recent years show a modest upward trajectory, with debt climbing from 102.7% in 2022 to 110.6% by 2026, suggesting renewed fiscal pressures ahead.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 122.6% | +2.59% |
| 2029 | 119.5% | +2.75% |
| 2028 | 116.3% | +2.65% |
| 2027 | 113.3% | +2.44% |
| 2026 | 110.6% | +2.88% |
| 2025 | 107.5% | +2.67% |
| 2024 | 104.7% | +1.45% |
| 2023 | 103.2% | +0.49% |
| 2022 | 102.7% | -5.35% |
| 2021 | 108.5% | -2.43% |
| 2020 | 111.2% | +13.93% |
| 2019 | 97.6% | -2.50% |
| 2018 | 100.1% | -2.34% |
| 2017 | 102.5% | -2.84% |
| 2016 | 105.5% | -0.09% |
| 2015 | 105.6% | -0.94% |
| 2014 | 106.6% | +1.52% |
| 2013 | 105.0% | +0.67% |
| 2012 | 104.3% | +1.56% |
| 2011 | 102.7% | +2.50% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 100.2% | +0.30% |
| 2009 | 99.9% | +7.19% |
| 2008 | 93.2% | +6.76% |
| 2007 | 87.3% | -4.59% |
| 2006 | 91.5% | -3.79% |
| 2005 | 95.1% | -2.16% |
| 2004 | 97.2% | -4.42% |
| 2003 | 101.7% | -3.51% |
| 2002 | 105.4% | -2.59% |
| 2001 | 108.2% | -1.28% |
| 2000 | 109.6% | -5.03% |
| 1999 | 115.4% | -3.19% |
| 1998 | 119.2% | -4.10% |
| 1997 | 124.3% | -3.64% |
| 1996 | 129.0% | -1.75% |
| 1995 | 131.3% | -4.23% |
| 1994 | 137.1% | -1.30% |
| 1993 | 138.9% | +3.12% |
| 1992 | 134.7% | +2.20% |
| 1991 | 131.8% | +1.15% |
| 1990 | 130.3% | +3.09% |
| 1989 | 126.4% | -2.54% |
| 1988 | 129.7% | +0.39% |
| 1987 | 129.2% | +3.61% |
| 1986 | 124.7% | +4.44% |
| 1985 | 119.4% | +4.19% |
| 1984 | 114.6% | +3.90% |
| 1983 | 110.3% | +10.74% |
| 1982 | 99.6% | +11.04% |
| 1981 | 89.7% | +16.80% |
| 1980 | 76.8% | — |
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