Government debt ratio in Belgium
The national debt ratio of Belgium indicates the relationship between Belgian national debt on the one hand and Belgian nominal gross domestic product on the other.
Development in recent years
Belgium's national debt ratio increased between 2008 and 2013 due to the financial crisis . While the national debt of 308.9 billion euros at the end of 2008 corresponded to a government debt ratio of 89.2%, the national debt ratio at the end of 2013, given a debt level of 387.2 billion euros, reached a value of 101.2%.
At the end of the 2nd quarter of 2015, the Belgian government debt ratio was already 109.2% according to Eurostat, with the debt level rising to EUR 442.6 billion. This means it is still well above the average rates for the euro zone (92.2%) and for the European Union (87.8%, both as of June 30, 2015).
Forecast development
The International Monetary Fund assumes that Belgium's national debt ratio will decline to 94.2% by the end of 2019, with a debt level of EUR 417.6 billion. This would mean that Belgium would still fail to meet the Maastricht criterion by a maximum of 60%.
Graphical representation
See also
- List of countries by national debt ratio
- List of European countries by national debt ratio
- Government debt ratio
Individual evidence
- ↑ International Monetary Fund: World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)
- ↑ a b Eurostat: Public debt in the euro area fell to 92.2% of GDP, press release of 23 October 2015, accessed on 26 October 2015.