Stock market capitalization to GDP in Belgium

Belgium: Stock market capitalization to GDP was 59.1% in 2018. ◆ Volatile

Latest (2018)
59.1%
Change on year
down 32.1%
World rank
36th
of 91 countries
All-time high
97.0%
in 2006
All-time low
7.9%
in 1980
Years of data
44
1975–2018

Stock market capitalization to GDP in Belgium, 1975–2018

0204060801001975199620181975: 13.7 %1976: 13.2 %1977: 12.4 %1978: 12.4 %1979: 11.8 %1980: 7.9 %1981: 8 %1982: 9.3 %1983: 12.4 %1984: 14.8 %1985: 24.2 %1986: 31.1 %1987: 27.9 %1988: 36.2 %1989: 45.6 %1990: 31.9 %1991: 33.8 %1992: 27.3 %1993: 34.7 %1994: 34.4 %1995: 35.2 %1996: 42.6 %1997: 54.2 %1998: 94.4 %1999: 71.3 %2000: 77.1 %2001: 70.1 %2002: 49.4 %2003: 54.6 %2004: 74 %2005: 74.8 %2006: 97 %2007: 81.9 %2008: 32.3 %2009: 53.8 %2010: 55.8 %2011: 43.8 %2012: 60.4 %2013: 71.7 %2014: 70.7 %2015: 89.7 %2016: 79.4 %2017: 87.1 %2018: 59.1 %

Source: Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Measured in %.

Analysis

The most recent figure for stock market capitalization to gdp in Belgium is 59.1%, measured in 2018.

That represents a change of down 32.1% on the previous year and up 82.8% over ten years.

Over the whole period, stock market capitalization to gdp in Belgium peaked at 97.0% in 2006 and was at its lowest, 7.9%, in 1980.

Belgium ranks 36th of 91 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Stock market capitalization to GDP in Belgium, year by year

Annual values for Stock market capitalization to GDP (%) in Belgium, 1975 to 2018.
Year % Change
1975 13.7%
1976 13.2% -3.5%
1977 12.4% -6.0%
1978 12.4% -0.6%
1979 11.8% -4.4%
1980 7.9% -33.0%
1981 8.0% +1.0%
1982 9.3% +16.4%
1983 12.4% +32.9%
1984 14.8% +19.8%
1985 24.2% +63.4%
1986 31.1% +28.6%
1987 27.9% -10.4%
1988 36.2% +29.9%
1989 45.6% +25.9%
1990 31.9% -30.1%
1991 33.8% +6.0%
1992 27.3% -19.2%
1993 34.7% +27.1%
1994 34.4% -1.0%
1995 35.2% +2.5%
1996 42.6% +20.8%
1997 54.2% +27.3%
1998 94.4% +74.2%
1999 71.3% -24.5%
2000 77.1% +8.1%
2001 70.1% -9.1%
2002 49.4% -29.5%
2003 54.6% +10.5%
2004 74.0% +35.6%
2005 74.8% +1.1%
2006 97.0% +29.7%
2007 81.9% -15.6%
2008 32.3% -60.5%
2009 53.8% +66.3%
2010 55.8% +3.8%
2011 43.8% -21.5%
2012 60.4% +37.8%
2013 71.7% +18.8%
2014 70.7% -1.4%
2015 89.7% +26.8%
2016 79.4% -11.4%
2017 87.1% +9.6%
2018 59.1% -32.1%

Averages by decade

DecadeAverage LowestHighest Years
1970s 12.7% 11.8% 13.7% 5
1980s 21.7% 7.9% 45.6% 10
1990s 46.0% 27.3% 94.4% 10
2000s 66.5% 32.3% 97.0% 10
2010s 68.6% 43.8% 89.7% 9

Countries ranked near Belgium

  1. 33 Germany 59.4% compare
  2. 34 Barbados 59.3% compare
  3. 35 Spain 59.2% compare
  4. 37 Morocco 57.2% compare
  5. 38 Mauritius 56.4% compare
  6. 39 Vietnam 54.2% compare

See the full ranking of 91 places →

More financial sector data for Belgium

All data for Belgium →

Frequently asked questions

What is stock market capitalization to gdp in Belgium?
Stock market capitalization to gdp in Belgium was 59.1% in 2018, according to Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's.
What is the highest stock market capitalization to gdp recorded in Belgium?
The highest recorded value was 97.0% in 2006.
What is the lowest stock market capitalization to gdp recorded in Belgium?
The lowest recorded value was 7.9% in 1980.
How does Belgium rank for stock market capitalization to gdp?
Belgium ranks 36th out of 91 countries with data for 2018.
Is stock market capitalization to gdp rising or falling in Belgium?
Over the last ten years it is up 82.8%. The long-run trend across the full record is volatile.
Where does this Belgium data come from?
The figures come from Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's, published as part of Stock market capitalization to GDP (%). Statizoid updates them automatically from the source API.

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Stock market capitalization to GDP in Belgium. Statizoid, drawing on Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Retrieved 02 September 2026, from https://financial-sector.statizoid.com/stat/stock-market-capitalization-to-gdp-percent/belgium/

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About this data

Indicator
Stock market capitalization to GDP (%)
Unit
%
Source
Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
91 places, 2,329 data points, 1975–2020
Last refreshed

Value of listed shares to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is stock market capitalization, P_e is end-of period CPI, and P_a is average annual CPI. End-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF) and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).