# Belgium Credit Rating & Sovereign Risk Score

Makrognosis sovereign credit model scores Belgium at 80 out of 100 as of 9 November 2026, equivalent to A+ on the familiar letter scale — investment grade.
The score is down 0.10 points from 80 on 1 October 2026.
That places Belgium 23rd of the 84 economies the model scores; Russia has the highest score at 100.
Key inputs include government debt of 110.2% of GDP, a fiscal balance of −5.2% of GDP, a current account balance of −0.2% of GDP.
This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:BE`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/belgium/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 79.7 | A+ |
| 2026-10-01 | 79.8 | A+ |
| 2026-07-31 | 79.8 | A+ |
| 2026-07-30 | 77.9 | A+ |
| 2026-07-26 | 77.6 | A+ |
| 2026-06-21 | 76.1 | A |
| 2026-06-18 | 80.7 | A+ |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$61,325 |
| Real GDP growth, 5-year average | 2.7% |
| Inflation, recent average | 3.2% |
| Government debt | 110.2% of GDP |
| Fiscal balance | −5.2% of GDP |
| Current account balance | −0.2% of GDP |
| Foreign-exchange reserves | 1.0 months of imports |
| Net international investment position | 53.7% of GDP |
| Governance (World Bank WGI composite) | 1.13 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/BE
```