Belgium: Household consumption, percent of GDP

* indicates monthly or quarterly data series
 Belgium

Household consumption as percent of GDP

 Latest value 51.36
 Year 2023
 Measure percent
 Data availability 1970 - 2023
 Average 52.67
 Min - Max 48.78 - 57.60
 Source The World Bank
For that indicator, we provide data for Belgium from 1970 to 2023. The average value for Belgium during that period was 52.67 percent with a minimum of 48.78 percent in 2021 and a maximum of 57.6 percent in 1983. The latest value from 2023 is 51.36 percent. For comparison, the world average in 2023 based on 131 countries is 63.66 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Belgium - Household consumption, percent of GDP - Recent values chart

Historical chart
Belgium - Household consumption, percent of GDP - historical chart - 1970-2023




Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.

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 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 27.14 2022 percent
 Capital investment, in dollars 160.13 2023 billion U.S. dollars
 Household consumption, percent of GDP 51.36 2023 percent
 Household consumption, in dollars 324.71 2023 billion U.S. dollars
 Household consumption 74.75 Q3/2023 billion
 Consumption as percent of GDP 52.53 Q3/2023 percent
 Consumption growth 5.93 Q3/2023 percent
 Investment 35.29 Q3/2023 billion
 Investment as percent of GDP 24.80 Q3/2023 percent
 Investment growth 10.72 Q3/2023 percent
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