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MacroBelgium

Government debt in Belgium

How indebted is the state my taxes would go to?

Belgium's government debt is 106.30 % — #114 of 124 countries on the atlas (lower is better). Period 2025.

106.30%

Checked 8 Sept 2026Period 2025

Source: IMF World Economic Outlook (general government gross debt, % of GDP)

The central government owes about 1.1 years' worth of the country's entire economic output.

Government debt in Belgium over time

138.90 %107.85 %76.80 %138.90 % · 199376.80 % · 19801980: 76.80 %1981: 89.70 %1982: 99.60 %1983: 110.30 %1984: 114.60 %1985: 119.40 %1986: 124.70 %1987: 129.20 %1988: 129.70 %1989: 126.40 %1990: 130.30 %1991: 131.80 %1992: 134.70 %1993: 138.90 %1994: 137.10 %1995: 131.30 %1996: 129.00 %1997: 124.30 %1998: 119.20 %1999: 115.40 %2000: 109.60 %2001: 108.20 %2002: 105.40 %2003: 101.70 %2004: 97.20 %2005: 95.10 %2006: 91.50 %2007: 87.30 %2008: 93.20 %2009: 99.90 %2010: 100.20 %2011: 102.70 %2012: 104.30 %2013: 105.00 %2014: 106.60 %2015: 105.60 %2016: 105.50 %2017: 102.50 %2018: 100.10 %2019: 97.60 %2020: 111.20 %2021: 108.50 %2022: 103.10 %2023: 102.20 %2024: 103.90 %2025: 106.30 %198020032025106.30 %
46 official observations, 1980 → 2025. Every point is a published value — never interpolated.
Rank
#114 of 124
lower is better
Ranked behind
8 %
10 of 124 countries
Latest move
▲ 2.40 pp
since 2024
Below its peak
32.60 pp
peak 138.90 % in 1993
Full series
▲ 29.50 pp
since 1980

In Europe: #33 of 37vs median 54.55 %: +51.75 pp (worse)

Among 124 countries

5 of 124 countries between 12.30 % and 17.86 %4 of 124 countries between 17.86 % and 23.42 %9 of 124 countries between 23.42 % and 28.97 %9 of 124 countries between 28.97 % and 34.53 %9 of 124 countries between 34.53 % and 40.09 %11 of 124 countries between 40.09 % and 45.65 %8 of 124 countries between 45.65 % and 51.21 %11 of 124 countries between 51.21 % and 56.77 %8 of 124 countries between 56.77 % and 62.32 %7 of 124 countries between 62.32 % and 67.88 %6 of 124 countries between 67.88 % and 73.44 %5 of 124 countries between 73.44 % and 79.00 %6 of 124 countries between 79.00 % and 84.56 %7 of 124 countries between 84.56 % and 90.12 %2 of 124 countries between 90.12 % and 95.67 %3 of 124 countries between 95.67 % and 101.23 %4 of 124 countries between 101.23 % and 106.79 %1 of 124 countries between 106.79 % and 112.35 %2 of 124 countries between 112.35 % and 117.91 %1 of 124 countries between 123.47 % and 129.02 %2 of 124 countries between 134.58 % and 140.14 %4 of 124 countries between 140.14 % and 145.70 %median 54.40 %Belgium: ahead of 8 % of the 124 countries with a published government debtBelgium 106.30 %12.30 %145.70 %
Half of all 124 countries sit between 36.00 % and 80.30 %. Belgium is ahead of 8 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Belgium
112 Mozambique102.50 %−3.80 pp
113 Suriname105.80 %−0.50 pp
114 Belgium106.30 %—
115 Ukraine108.70 %+2.40 pp
116 Canada113.50 %+7.20 pp

General government gross debt as a share of GDP (IMF World Economic Outlook, annual).

How to read this figure

Central government debt as a share of GDP (World Bank). General government debt (including local government and social funds) can be meaningfully higher; comparisons across countries are indicative.

Next, about Belgium

Debt per personGDP growthInflation rate
Government debt, all countries ranked →Compare Belgium with another country →Everything about Belgium →
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