Remittance inflows to GDP in Belgium
Belgium: Remittance inflows to GDP was 2.4% in 2020. ▲ Rising
Remittance inflows to GDP in Belgium, 1975–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Belgium is 2.4%, measured in 2020. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 7.0% on the previous year and up 6.6% over ten years.
Over the whole period, remittance inflows to gdp in Belgium peaked at 2.4% in 2020 and was at its lowest, 0.9%, in 1987.
That places Belgium 96th out of 195 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9% | 0.9% | 1.0% | 5 |
| 1980s | 1.0% | 0.9% | 1.7% | 10 |
| 1990s | 1.8% | 1.6% | 2.0% | 10 |
| 2000s | 1.8% | 1.7% | 2.3% | 10 |
| 2010s | 2.3% | 2.2% | 2.3% | 10 |
| 2020s | 2.4% | 2.4% | 2.4% | 1 |
Countries ranked near Belgium
More financial sector data for Belgium
- Domestic credit to private sector by banks 66.8% (2024)
- Total reserves in months of imports 1.01 (2025)
- Net domestic credit 762.57 billion current LCU (2024)
- Net foreign assets 180.33 billion current LCU (2024)
- Monetary Sector credit to private sector 68.1% (2024)
- Claims on central government, etc. 21.2% (2024)
- Domestic credit to private sector 68.1% (2024)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- Net migration 31,989 (2025)
- GDP deflator: linked series 120.8 base year varies by country (2025)
Frequently asked questions
- What is remittance inflows to gdp in Belgium?
- Remittance inflows to gdp in Belgium was 2.4% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Belgium?
- The highest recorded value was 2.4% in 2020.
- What is the lowest remittance inflows to gdp recorded in Belgium?
- The lowest recorded value was 0.9% in 1987.
- How does Belgium rank for remittance inflows to gdp?
- Belgium ranks 96th out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Belgium?
- Over the last ten years it is up 6.6%. The long-run trend across the full record is rising.
- Where does this Belgium data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.