Makrognosis

Belgium Government Debt to GDP

QuarterlyNot seasonally adjustedCode BE.GOVDEBT.Q.NSA

Latest110.2%Q2 2026
Previous109.4%Q1 2026
Year ago106.4%Q2 2025

Belgium Government Debt to GDP was 110.2% in Q2 2026, up 0.8 percentage points from Q1 2026 and up 3.8 percentage points from a year earlier.

That is the highest reading since Q3 2021.

Among the 38 economies Makrognosis covers on this measure, it is the 7th highest.

Over the past ten years it has ranged from 97.7% (Q4 2019) to 115.4% (Q1 2021), averaging 106.2%.

Belgium Government Debt to GDP (% of GDP), Q1 2011 – Q2 202695%100%105%110%115%20122014201620182020202220242026Robomacro
Belgium Government Debt to GDP (% of GDP), Q1 2011 – Q2 2026. Source: Eurostat (Statistical Office of the European Union).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
Q2 2026110.2%
Q1 2026109.4%
Q4 2025108.1%
Q3 2025107.3%
Q2 2025106.4%
Q1 2025106.2%
Q4 2024104.0%
Q3 2024104.7%
Q2 2024105.5%
Q1 2024105.4%
Q4 2023102.3%
Q3 2023104.8%
Q2 2023103.0%
Q1 2023104.5%
Q4 2022103.3%
Q3 2022105.5%
Q2 2022107.9%
Q1 2022108.8%
Q4 2021108.7%
Q3 2021111.4%
Q2 2021112.9%
Q1 2021115.4%
Q4 2020111.4%
Q3 2020110.8%

Last 24 observations. The full history (62 observations) is available through the API.

Get Belgium Government Debt to GDP in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/BE.GOVDEBT.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/BE.GOVDEBT.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ1 2011
Observations62
FrequencyQuarterly
Units% of GDP
AdjustmentNot seasonally adjusted
10-year high115.4% (Q1 2021)
10-year low97.7% (Q4 2019)
10-year average106.2%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codeBE.GOVDEBT.Q.NSA

Government Debt to GDP: how Belgium compares

#EconomyPeriodLatest
1SingaporeQ1 2025166.1%
2GreeceQ2 2026140.8%
3ItalyQ2 2026139.9%
4CanadaQ2 2026131.3%
5United StatesQ3 2026121.7%
6FranceQ2 2026119.1%
7BelgiumQ2 2026110.2%
8SpainQ2 2026101.4%
9United KingdomQ3 2026101.1%
10PortugalQ2 202692.5%
11FinlandQ2 202690.2%
12AustriaQ2 202683.6%
13BrazilQ3 202682.9%

Government Debt to GDP by country: all 38 economies ranked →

Other Belgium indicators

Belgium GDP (Gross Domestic Product)Belgium Gross domestic product, Current prices, million EURBelgium Inflation Rate (CPI)Belgium Core Inflation RateBelgium Unemployment RateBelgium 10-Year Government Bond YieldBelgium Credit Rating & Sovereign Risk ScoreBelgium Industrial ProductionBelgium Retail SalesBelgium Producer Price Inflation (PPI)Belgium Current account balance (BPM6, vs rest of world), not seasonally adjustedBelgium Current account balance, % of GDPBelgium Trade Balance: Goods & ServicesBelgium Exports of goods and services, Current prices, million EURBelgium Exports of goods and services, chain-linked volumeBelgium Exports of goods, total trade (World), seasonally adjusted

FAQ

What is the current government Debt to GDP in Belgium?
The latest reading is 110.2% for Q2 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code BE.GOVDEBT.Q.NSA.

Last updated 2026-10-27. Source: Eurostat (Statistical Office of the European Union). Original title: “Belgium general government gross debt, % of GDP (Eurostat)”.