In 2019, regional GDP per person employed ranged from €12 700 in North-Central in Bulgaria to €205 500 in Southern in Ireland, compared with the EU average of €66 800. The quarterly data of this domain consists of the following collections Data sources: National Statistical Institutes. Eurostat publishes annual and quarterly national accounts, annual and quarterly sector accounts as well as supply, use and input-output tables, which are each presented with associated metadata. 2 classification as follows: ICT Total (261 + 262 + 263 + 264 + 268 + 951 + 465 + 582 + 61 + 62 + 631) ICT Manufacturing (261 + 262 + 263 + 264 + 268) ICT Services (951 + 465 + 582 + 61 + 62 + 631) Until 2007, definition of the ICT sector is based on NACE Rev. The indicator is calculated as the ratio of real GDP to the average population of a specific year. Growth rates 'q/q-1 (sca)' with respect to the previous quarter and 'q/q-4 (sca)' with respect to the same quarter of the previous year are calculated from calendar and seasonally adjusted figures while growth rates 'q/q-4 (nsa)' with respect to the same quarter of the previous year are calculated from raw data. Definition of an environmental tax (Regulation (EU) N° 691/2011) An environmental tax is a tax whose tax base is a physical unit (or a proxy of a physical unit) of something that has a proven, specific negative impact on the environment, and which is identified in ESA2010 as a tax. Annual national accounts are compiled in accordance with the European System of Accounts - ESA 2010 as defined in Annex B of the Council Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013. ... Eurostat publishes annual and quarterly national accounts, annual and quarterly sector accounts as well as supply, use and input-output tables, which are each presented with associated metadata. Data are seasonally adjusted and presented in million units of national currency. The calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes. 1. This statistic displays the gross domestic product (GDP) in current prices for Belgium from 2011 to 2019. To contact us, please visit our User Support page. Gross domestic product (GDP) at market prices is the final result of the production activity of resident producer units (ESA 2010, 8.89). It is defined as the annual quantity of raw materials extracted from the domestic territory of the focal economy, plus all physical imports minus all physical exports. The previous European System of Accounts, ESA95, was reviewed to bring national accounts in the European Union, in line with new economic environment, advances in methodological research and needs of users and the updated national accounts framework at the international level, the SNA 2008. Belgian economy Dutch economy Economy of Luxembourg ( Wikipedia) European Union Acronyms. GDP growth in the euro area and EU: In the fourth quarter of 2020, seasonally adjusted GDP decreased by 0.7% in the euro area and by 0.5% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. <. The leading regions in the ranking of regional GDP per capita in 2019, after Luxembourg (260% of the EU average), were Southern (240%) in Ireland, Prague (205%) in Czechia, Brussels in Belgium and Eastern & Midland in Ireland (both 202%) as well as Hamburg (195%) in Germany. Quarterly national accounts are compiled in accordance with the European System of Accounts - ESA 2010 as defined in Annex B of the Council Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013. 1. In contrast, after North-West in Bulgaria and Mayotte (both 32% of the EU average), the lowest regions in the ranking were the remaining non-capital regions of Bulgaria: North-Central (35%), South-Central (37%), South-East (40%) and North-East (41%). boost the resilience of the Belgian economy. It can be defined in three ways: a production approach, an income approach and an expenditure approach. There is a considerable variation both between and within the EU Member States. Resource productivity is gross domestic product (GDP) divided by domestic material consumption (DMC). Data from 1st of December 2020. The revisions are reflected in an updated Regulation of the European Parliament and of the Council on the European system of national and regional accounts in the European Union of 2010 (ESA 2010). In contrast, the lowest levels of labour productivity were recorded in three Bulgarian regions: North-Central (€12 700), South-Central (€13 000) and North-West (€13 400). Government spending in Belgium was last recorded at 52.2 percent of GDP in 2019 . The structure of this domain is as follows: - Metropolitan regions (met)    For details see http://ec.europa.eu/eurostat/web/metropolitan-regions/overview - Maritime policy indicators (mare)    For details see http://ec.europa.eu/eurostat/web/maritime-policy-indicators/overview - Urban-rural typology (urt)    For details see http://ec.europa.eu/eurostat/web/rural-development/overview. National accounts are a coherent and consistent set of macroeconomic indicators, which provide an overall picture of the economic situation and are widely used for economic analysis and forecasting, policy design and policy making. data at previous year's prices, linked over the years via appropriate growth rates). In 2020, GDP for Belgium was 503.42 billion US dollars. It is calculated as a % of GDP and expressed in national currency. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. In 2019, regional GDP per capita, expressed in terms of national purchasing power standards (PPS), ranged from 32% of the European Union (EU) average in the North-West region of Bulgaria as well as Mayotte, an overseas region of France, to 260% in the Grand Duchy of Luxembourg. Germany (until 1990 former territory of the FRG) 2018Q1. Investments in intangible and financial assets are excluded. Annual and quarterly national accounts are compiled in accordance with the European System of Accounts - ESA 2010 as defined in Annex B of the Council Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013. Main GDP aggregates main components from the output, expenditure and income side, expenditure breakdowns by durability and exports and imports by origin. The high GDP per capita in these regions can be partly explained by a high inflow of commuting workers (Luxembourg, Prague, Brussels and Hamburg) or by the large capital assets owned by some multinationals domiciled in the regions (Southern and Eastern & Midland in Ireland). Main GDP aggregates, main components from the output, expenditure and income side, expenditure breakdowns by industry and assets. GDP per capita is calculated as the ratio of GDP to the average population in a specific year. Data sources: National Statistical Institutes. Nevertheless, robust … 2. You can change your personal cookie settings through your internet browser settings. Eurostat publishes annual and quarterly national accounts, annual and quarterly sector accounts as well as supply, use and input-output tables, which are each presented with associated metadata. Please note that the index, calculated from PPS figures and expressed with respect to EU27_2020 = 100, is intended for cross-country comparisons rather than for temporal comparisons.". Belgium underperforms the European Union in terms of real GDP growth with the average annual differential coming to -0.3% over the past 10 years (2009 - 2019). Main GDP aggregates: main components from the output, expenditure and income side. Please note that this index is intended for cross-country comparisons rather than for temporal comparisons. Included are new and existing tangible capital goods, whether bought from third parties or produced for own use (i.e. The indicator gives the share of GDP that is used for gross investment (rather than being used for e.g. Index performance for Eurostat Belgium Govt Debt as a % of GDP (EUDB60BE) including value, chart, profile & other market data. The ESA 2010 (European System of Accounts) regulation may be referred to for more specific explanations on methodology. National accounts are a coherent set of macroeconomic indicators, which provide an overall picture of the economic situation and are widely used for economic analysis and forecasting, policy design and policy making. In the last decade, Belgium’s GDP per capita increased by approximately 6,500 euros, and in 2017, GDP per capita amounted to roughly 38,700 euros. Gross domestic product (GDP) is a measure for the economic activity. Breakdowns of GDP aggregates and employment data by main industries and asset classes. * Sources: Belgium (NAI, NBB, Statbel, EC); Euro area, EU-27 (ECB, Eurostat). In the case of Mayotte, demographic factors mainly explain the low GDP per capita, since 44% of the population is less than 15 years old. 178 economic data series with tags: Belgium, Eurostat. The values are also offered as an index calculated in relation to the European Union average set to equal 100. Even though consistency checks are a major aspect of data validation, temporary (usually limited) inconsistencies between datasets may occur, mainly due to vintage effects. National accounts are a coherent and consistent set of macroeconomic indicators, which provide an overall picture of the economic situation and are widely used for economic analysis and forecasting, policy design and policy making. - … The calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes. It is also calculated as an index on year 2000, for comparing countries in different years. 2 classification. foreign direct investment (FDI) equity and equity shares, and from intracompany cross-border FDI debt, and represents the NIIP excluding instruments that cannot be subject to default. This ‘labour productivity’ measures the overall productivity of regional economies without adjusting for differences in price levels or average hours worked. The indicators presented in this article come from regional GDP and employment data published today. 09/03/2021 GDP down by 0.7% and employment up by 0.3% in the euro area. EU GDP in 2017: 1. consumption or exports). It can be defined in three ways: a production approach, an income approach and an expenditure approach. The associated transmission programme is also updated and data transmissions in accordance with ESA 2010 are compulsory from September 2014 onwards. Inflation should work out at only 0.4 % in 2020, primarily because of the fall in energy prices. Belgium recorded a Current Account deficit of 1.20 percent of the country's Gross Domestic Product in 2019. source: EUROSTAT Current Account to GDP in Belgium averaged 1.73 percent from 1980 until 2019, reaching an all time high of 5.50 percent in 1997 and a record low of -4 percent in 1981. It reflects the total value of all goods and services produced less the value of goods and services used for intermediate consumption in their production. The Gross Domestic Product (GDP) in Belgium was worth 529.61 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. This time series offers a measure of the convergence of economic activity between the EU Member States. 2018Q4. The Eurostat Dissemination Database provides official statistics on the European Union, EU member states and sub-state regions.Eurostat's Statistics Explained provides an introduction to official EU statistics. It can be calculated as the sum of turnover, capitalized production, other operating income, increases minus decreases of stocks, and deducting the following items: purchases of goods and services, other taxes on products which are linked to turnover but not deductible, duties and taxes linked to production. Even though consistency checks are a major aspect of data validation, temporary (usually limited) inconsistencies between datasets may occur, mainly due to vintage effects. Eurostat; Products Datasets; Real GDP per capita - Products Datasets. GDP and main components (output, expenditure and income) ... Belgium. Value added at factor cost in the ICT sector (source: SBS, variable V12150) Since 2008, definition of the ICT sector is based on NACE Rev. Further information (including actual communications) is presented on the Eurostat website. Further information on the transition from ESA 95 to ESA 2010 is presented on the Eurostat website. namq_10_ma: Main GDP aggregatesnamq_10_gdp: GDP and main components (output, expenditure and income)namq_10_fcs: Final consumption aggregates by durabilitynamq_10_exi: Exports and imports by Member States of the EU/third countries The revisions are reflected in an updated Regulation of the European Parliament and of the Council on the European system of national and regional accounts in the European Union of 2010 (ESA 2010). Annual and quarterly national accounts are compiled in accordance with the European System of Accounts - ESA 2010 as defined in Annex B of the Council Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013. 1.1 classification as follows: ICT Total (30 + 313 + 32 + 332 + 333 + 5184 + 5186 + 642 + 72) ICT Manufacturing (30 + 313 + 32 + 332 + 333) ICT Services (5184 + 5186 + 642 + 72) Total value added at factor cost (source: National Accounts, all branches) Value added at factor cost is defined as Gross value added (at basic prices) minus Other taxes less other subsidies on production. Number of persons employed is defined as the total number of persons who work in the observation unit, i.e. Gross domestic product (GDP) is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. The domain consists of the following collections:   1. The annual data of this domain consists of the following collections: Gross domestic product (GDP) is a measure for the economic activity. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. Eurostat is the statistical office of the European Union situated in Luxembourg. Belgium. Jobs are expressed in number of persons employed and as a percentage of total employment. ), machinery and equipment, but also intangible assets such as computer software and other intellectual property. The following NACE codes have been selected to compute this indicator: (see list of codes selected). The names of the regions are in, For further methodological information, you can read the. 2. If the index of a country is higher than 100, this country's level of GDP per head is higher than the EU average and vice versa. Government Spending to GDP in Belgium averaged 54.24 percent from 1980 until 2019, reaching an all time high of 64 percent in 1983 and a record low of 48.60 percent in 2007. By the year 2023, it is expected to rise to 1.9 %. Czechia. EUR 1 Antwerp 88,015 - Brussels 83,987 2 East Flanders 56,415 3 Flemish Brabant 49,832 4 West Flanders 46,916 5 Hainaut 34,239 6 Liège 31,639 7 Limburg 28,707 8 Walloon Brabant 19,299 9 Namur 13,461 10 The domain consists of the following collections: Data in this domain constitute only a small part of the entire National Accounts data range available from Eurostat. The associated transmission programme is also updated and data transmissions in accordance with ESA 2010 are compulsory from September 2014 onwards. namq_10_bbr: Basic breakdowns main GDP aggregates and employment (by industry and assets)namq_10_a10: Gross value added and income by A*10 industrynamq_10_an6: Gross fixed capital formation by AN_F6 asset typenamq_10_a10_e: Employment by A*10 industry breakdowns Over the past five years, economic growth averaged around 1.7% and was accompanied by strong employment growth (Figure A). The volume index of GDP per capita in Purchasing Power Standards (PPS) is expressed in … 1. In 2019, regional GDP per capita, expressed in terms of national purchasing power standards (PPS), ranged from 32% of the European Union (EU) average in the North-West region of Bulgaria as well as Mayotte, an overseas region of France, to 260% in the Grand Duchy of Luxembourg. GDP of Belgium increased from 236.75 billion US dollars in 2001 to 503.42 billion US dollars in 2020 growing at an average annual rate of 4.40%. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. 2018Q3. Gross domestic product (GDP) is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. GDP of Belgium has increased since 2011, from a GDP … Due to change of the ICT sector definition as a consequence of change of the underlying classification, data for 2008 are not comparable with data published for previous years.