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MacroBelgium

Government debt in Belgium

How indebted is the state my taxes would go to?

Belgium's government debt is 107.90 % — #115 of 125 countries on the atlas (lower is better). Period 2025.

107.90%

Checked 23 Oct 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: 97.70 %2020: 111.40 %2021: 108.70 %2022: 103.30 %2023: 102.50 %2024: 103.90 %2025: 107.90 %198020032025107.90 %
46 official observations, 1980 → 2025. Every point is a published value — never interpolated.
Rank
#115 of 125
lower is better
Ranked behind
8 %
10 of 125 countries
Latest move
▲ 4.00 pp
since 2024
Below its peak
31.00 pp
peak 138.90 % in 1993
Full series
▲ 31.10 pp
since 1980

In Europe: #34 of 37vs median 54.70 %: +53.20 pp (worse)

Among 125 countries

6 of 125 countries between 12.30 % and 17.90 %2 of 125 countries between 17.90 % and 23.49 %10 of 125 countries between 23.49 % and 29.09 %11 of 125 countries between 29.09 % and 34.68 %8 of 125 countries between 34.68 % and 40.28 %9 of 125 countries between 40.28 % and 45.88 %7 of 125 countries between 45.88 % and 51.47 %13 of 125 countries between 51.47 % and 57.07 %8 of 125 countries between 57.07 % and 62.66 %10 of 125 countries between 62.66 % and 68.26 %4 of 125 countries between 68.26 % and 73.85 %3 of 125 countries between 73.85 % and 79.45 %7 of 125 countries between 79.45 % and 85.05 %6 of 125 countries between 85.05 % and 90.64 %2 of 125 countries between 90.64 % and 96.24 %6 of 125 countries between 96.24 % and 101.83 %2 of 125 countries between 101.83 % and 107.43 %1 of 125 countries between 107.43 % and 113.02 %2 of 125 countries between 113.02 % and 118.62 %1 of 125 countries between 124.22 % and 129.81 %2 of 125 countries between 135.41 % and 141.00 %5 of 125 countries between 141.00 % and 146.60 %median 54.70 %Belgium: ahead of 8 % of the 125 countries with a published government debtBelgium 107.90 %12.30 %146.60 %
Half of all 125 countries sit between 36.10 % and 81.70 %. 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
113 United Kingdom102.10 %−5.80 pp
114 Ukraine107.10 %−0.80 pp
115 Belgium107.90 %—
116 Canada113.60 %+5.70 pp
117 France115.50 %+7.60 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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