Belgium: Government spending, in dollars
* indicates monthly or quarterly data series
Belgium |
Government spending, billion USD |
---|---|
Latest value | 153.28 |
Year | 2023 |
Measure | billion U.S. dollars |
Data availability | 1970 - 2023 |
Average | 64.90 |
Min - Max | 4.48 - 153.28 |
Source | The World Bank |
The latest value from 2023 is 153.28 billion U.S. dollars, an increase from 139.42 billion U.S. dollars in 2022. In comparison, the world average is 69.63 billion U.S. dollars, based on data from 131 countries. Historically, the average for Belgium from 1970 to 2023 is 64.9 billion U.S. dollars. The minimum value, 4.48 billion U.S. dollars, was reached in 1970 while the maximum of 153.28 billion U.S. dollars was recorded in 2023.
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Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 23.80 | 2022 | percent |
Government spending, in dollars | 153.28 | 2023 | billion U.S. dollars |
Fiscal balance, percent of GDP | -4.40 | 2023 | percent |
Government debt | 105.20 | 2023 | percent |
Government expenditure | 37.78 | Q2/2024 | billion |
Long-term interest rate | 2.83 | 8/2024 | percent |
Tax revenue | 23.10 | 2021 | percent |
Commercial tax rate | 55.40 | 2019 | percent |
Tax preparation time | 136 | 2019 | hours |
Number of taxes | 11 | 2019 | taxes |
Taxes on goods and services | 27.01 | 2021 | percent |
Income and profits taxes | 33.61 | 2021 | percent |