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
The latest value from 2023 is 51.36 percent, an increase from 50.68 percent in 2022. In comparison, the world average is 63.66 percent, based on data from 131 countries. Historically, the average for Belgium from 1970 to 2023 is 52.67 percent. The minimum value, 48.78 percent, was reached in 2021 while the maximum of 57.6 percent was recorded in 1983. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


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

Historical series
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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Capital investment, percent of GDP 25.33 2023 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 79.84 Q2/2024 billion
 Consumption as percent of GDP 51.56 Q2/2024 percent
 Consumption growth 2.89 Q2/2024 percent
 Investment 37.76 Q2/2024 billion
 Investment as percent of GDP 24.38 Q2/2024 percent
 Investment growth 2.75 Q2/2024 percent
This site uses cookies.
Learn more here


OK