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Economy of Afghanistan vs Belgium compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $671B for Belgium, ranking 137/197 and 23/197 by economy size, respectively.

Afghanistan has $1.44B in government debt (8.8% of GDP), compared to $703B (104.7% of GDP) in Belgium.

Afghanistan vs Belgium GDP by year

Afghanistan
Belgium
1x
Year GDP, current $
Afghanistan Belgium
2024 - $671,370,081,636
2023 $17,152,234,637 $651,330,595,110
2022 $14,497,243,872 $591,085,783,326
2021 $14,259,995,441 $598,522,422,242
2020 $19,955,929,052 $529,694,473,502
2019 $18,799,444,490 $536,726,344,405
2018 $18,053,222,687 $542,638,913,428
2017 $18,753,456,498 $500,908,767,352
2016 $18,116,572,395 $474,271,566,740
2015 $19,134,221,645 $461,044,767,545
2014 $20,497,128,556 $537,987,419,164
2013 $20,146,416,758 $524,097,026,599
2012 $19,907,329,778 $498,414,364,945
2011 $17,805,098,206 $527,196,649,049
2010 $15,856,668,556 $481,556,503,720
2009 $12,416,152,732 $485,014,525,992
2008 $10,109,297,048 $517,328,087,920
2007 $9,747,886,187 $470,922,156,309
2006 $6,971,758,282 $408,259,840,869
2005 $6,203,256,539 $385,714,762,230
2004 $5,224,896,719 $369,214,712,443
2003 $4,520,946,819 $318,082,528,507
2002 $3,825,701,439 $258,383,599,375
2001 $2,813,571,754 $236,746,141,604
2000 $3,521,418,060 $236,792,460,312
1999 - $258,245,733,221
1998 - $258,528,339,631
1997 - $252,708,051,421
1996 - $279,201,433,225
1995 - $288,025,588,396
1994 - $244,884,129,491
1993 - $224,721,795,709
1992 - $234,781,652,447
1991 - $210,510,999,409
1990 - $205,331,747,948
1989 - $164,221,056,511
1988 - $162,299,103,675
1987 - $149,394,404,106
1986 - $120,018,787,249
1985 - $86,268,264,148
1984 - $83,349,530,159
1983 - $87,184,239,053
1982 - $92,095,926,188
1981 - $104,730,018,470
1980 - $126,829,314,388
1979 - $116,315,456,797
1978 - $101,246,526,194
1977 - $82,839,905,459
1976 - $71,113,882,968
1975 - $65,678,189,097
1974 - $56,033,077,879
1973 - $47,743,801,490
1972 - $37,209,418,019
1971 - $29,821,661,870
1970 - $26,706,196,047
1969 - $24,019,653,475
1968 - $21,654,856,965
1967 - $20,252,508,995
1966 - $18,894,891,312
1965 - $17,597,783,297
1964 - $16,168,044,450
1963 - $14,445,805,381
1962 - $13,436,827,167
1961 - $12,561,701,694
1960 - $11,810,619,368

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/belgium | CC BY

GDP per capita in Afghanistan vs Belgium by year

Afghanistan
GDP per capita

GDP per capita, PPP
Belgium
GDP per capita

GDP per capita, PPP
1x
Year Current $
Afghanistan Belgium
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $56,615 $73,514
2023 $414 $2,202 $55,291 $71,946
2022 $357 $2,123 $50,606 $69,128
2021 $356 $2,144 $51,658 $60,669
2020 $511 $2,562 $45,906 $56,120
2019 $497 $2,583 $46,717 $56,712
2018 $491 $2,432 $47,487 $52,467
2017 $525 $2,336 $44,035 $50,256
2016 $522 $2,213 $41,855 $48,415
2015 $566 $2,284 $40,894 $46,072
2014 $625 $2,224 $47,996 $45,148
2013 $637 $2,133 $46,965 $43,864
2012 $651 $1,988 $44,874 $42,484
2011 $607 $1,744 $47,761 $41,245
2010 $561 $1,766 $44,197 $39,840
2009 $452 $1,571 $44,923 $37,906
2008 $382 $1,334 $48,303 $37,883
2007 $376 $1,287 $44,319 $36,798
2006 $274.2 $1,122 $38,705 $35,251
2005 $254.2 $1,076 $36,810 $33,178
2004 $221.8 $972 $35,429 $32,060
2003 $198.9 $967 $30,655 $30,931
2002 $179 $927 $25,006 $30,282
2001 $138.7 $748 $23,015 $28,794
2000 $174.9 $814 $23,099 $27,794
1999 - - $25,253 $25,441
1998 - - $25,338 $24,370
1997 - - $24,821 $23,733
1996 - - $27,490 $22,745
1995 - - $28,414 $22,446
1994 - - $24,209 $21,518
1993 - - $22,284 $20,473
1992 - - $23,373 $20,272
1991 - - $21,042 $19,601
1990 - - $20,600 $18,688
1989 - - $16,525 -
1988 - - $16,391 -
1987 - - $15,136 -
1986 - - $12,170 -
1985 - - $8,751 -
1984 - - $8,457 -
1983 - - $8,846 -
1982 - - $9,344 -
1981 - - $10,623 -
1980 - - $12,864 -
1979 - - $11,811 -
1978 - - $10,290 -
1977 - - $8,427 -
1976 - - $7,243 -
1975 - - $6,701 -
1974 - - $5,734 -
1973 - - $4,901 -
1972 - - $3,832 -
1971 - - $3,083 -
1970 - - $2,766 -
1969 - - $2,490 -
1968 - - $2,251 -
1967 - - $2,114 -
1966 - - $1,983 -
1965 - - $1,860 -
1964 - - $1,724 -
1963 - - $1,555 -
1962 - - $1,457 -
1961 - - $1,368 -
1960 - - $1,290 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/belgium | CC BY

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $56,615 in Belgium, ranking 18/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Belgium ranks 21st at $73,514.

Economic indicators

Afghanistan Belgium
Gross domestic product
$17.2B
2023
$671B
2024
GDP rank
137/197
2023
23/197
2024
GDP growth
2.27%
2022-2023
1.07%
2023-2024
GDP per capita
$414
2023
$56,615
2024
GDP per capita rank
196/197
2023
18/197
2024
GDP per capita, PPP
$2,202
2023
$73,514
2024
GDP per capita PPP rank
184/197
2023
21/197
2024
Government debt
$1.44B
2023
$703B
2024
Debt-to-GDP ratio
8.8%
2024
104.7%
2024
Government debt per person
$34.8
2023
$59,278
2024
Government debt per person rank
185/185
2023
5/185
2024
Average annual personal income after taxes
$1,869
2026
$35,259
2026
Market capitalization of domestic companies n/a
$321B
2018
Number of millionaires n/a
549,000
2025
Number of billionaires n/a
11
2025
Income share by richest 10% n/a
22.2%
2023
Income share by poorest 10% n/a
3.7%
2023
Government expenditure, % of GDP
19.4%
2024
54.5%
2024
Consumer prices inflation
-4.3%
2023-2024
3.14%
2023-2024
Central bank interest rate
6%
2021
n/a
Unemployment rate
5.68%
2021
5.7%
2024
Population
45409324
11902714

Spending and national debt comparison by year

Afghanistan
Spending

Debt
Belgium
Spending

Debt
1x
Year % of GDP
Afghanistan Belgium
Government spending Government debt Government spending Government debt
2024 19.4% 8.8% 54.5% 104.7%
2023 17% 8.42% 53.3% 103.2%
2022 16.1% 10.8% 52.3% 102.7%
2021 17.9% 11.2% 54.9% 108.5%
2020 27.9% 7.33% 58.5% 111.2%
2019 28% 6.14% 51.8% 97.6%
2018 28.9% 7.38% 52.5% 100.1%
2017 27.7% 8% 52.3% 102.5%
2016 28% 8.44% 53.4% 105.5%
2015 25.9% 9.15% 53.9% 105.6%
2014 25.4% 8.7% 55.4% 106.6%
2013 25% 6.92% 55.9% 105%
2012 25% 6.77% 56.2% 104.3%
2011 21.9% 7.52% 55% 102.7%
2010 20.8% 7.71% 53.9% 100.2%
2009 21.2% 16.2% 54.5% 99.9%
2008 20.9% 19.1% 50.8% 93.2%
2007 21.4% 20.1% 48.6% 87.3%
2006 18.3% 23% 48.8% 91.5%
2005 15.7% 206.4% 51.9% 95.1%
2004 15.1% 245% 49.3% 97.2%
2003 11.9% 270.6% 51% 101.7%
2002 6.94% 346% 49.9% 105.4%
2001 - - 49.4% 108.2%
2000 - - 49.4% 109.6%
1999 - - 50.5% 115.4%
1998 - - 51% 119.2%
1997 - - 51.6% 124.3%
1996 - - 53.1% 129%
1995 - - 52.6% 131.3%
1994 - - 54.7% 137.1%
1993 - - 57.1% 138.9%
1992 - - 55.9% 134.7%
1991 - - 55.6% 131.8%
1990 - - 54.4% 130.3%
1989 - - 52.3% 126.4%
1988 - - 53.9% 129.7%
1987 - - 55.8% 129.2%
1986 - - 57.6% 124.7%
1985 - - 58.4% 119.4%
1984 - - 59.1% 114.6%
1983 - - 62.2% 110.3%
1982 - - 59.6% 99.6%
1981 - - 61.5% 89.7%
1980 - - 54.9% 76.8%
1979 - - 54.8% 69.2%
1978 - - 52.8% 65.2%
1977 - - 52.2% 61.6%
1976 - - 50.4% 61.4%
1975 - - 50.2% 59.5%
1974 - - 44.5% 61.7%
1973 - - 45% 63.7%
1972 - - 45% 64.9%
1971 - - 43.9% 63.5%
1970 - - 42.7% 66.6%
1969 - - 26.5% 51.6%
1968 - - 26.7% 54.5%
1967 - - 25.5% 54.1%
1966 - - 25.1% 55.6%
1965 - - 23.4% 57.6%
1964 - - 22.5% 59.4%
1963 - - 23.1% 64.1%
1962 - - 22.5% 65.3%
1961 - - 22.1% 67.8%
1960 - - 23.7% 69.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/belgium | CC BY

In 2024, Afghanistan's government spending was $2.91B, accounting for 19.4% of its GDP, while Belgium spent $366B, or 54.5% of GDP.

Debt-to-GDP ratio is 8.8% in Afghanistan and 104.7% in Belgium, ranking 181/185 and 19/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

Belgium
1x
Year Deficit/surplus, % of GDP
Afghanistan Belgium
2024 -0.54% -4.52%
2023 -1.33% -4.1%
2022 -1% -3.62%
2021 -0.48% -5.4%
2020 -2.24% -9.03%
2019 -1.06% -2.05%
2018 1.63% -1.05%
2017 -0.67% -0.76%
2016 0.13% -2.43%
2015 -1.38% -2.48%
2014 -1.72% -3.18%
2013 -0.63% -3.16%
2012 0.18% -4.35%
2011 -0.67% -4.44%
2010 0.93% -4.13%
2009 -1.76% -5.45%
2008 -3.86% -1.1%
2007 -2.46% 0.07%
2006 0.68% 0.24%
2005 -0.92% -2.72%
2004 -2.39% -0.24%
2003 -2.1% -1.86%
2002 -0.1% -0.04%
2001 - 0.23%
2000 - -0.08%
1999 - -0.65%
1998 - -1.03%
1997 - -2.15%
1996 - -4%
1995 - -4.51%
1994 - -5.29%
1993 - -7.71%
1992 - -8.42%
1991 - -7.67%
1990 - -6.99%
1989 - -7.58%
1988 - -7.28%
1987 - -7.89%
1986 - -9.96%
1985 - -10.1%
1984 - -10.8%
1983 - -14.5%
1982 - -12.3%
1981 - -15.5%
1980 - -9.43%
1979 - -8.33%
1978 - -6.51%
1977 - -6.51%
1976 - -6.61%
1975 - -6.45%
1974 - -3.87%
1973 - -5.02%
1972 - -6.07%
1971 - -4.45%
1970 - -3.51%
1969 - -3.34%
1968 - -3.69%
1967 - -2.76%
1966 - -3.08%
1965 - -2.9%
1964 - -2.27%
1963 - -2.8%
1962 - -2.12%
1961 - -2.34%
1960 - -4.89%
1959 - -5.21%
1958 - -4.33%
1957 - -1.27%
1956 - 1.85%
1955 - -1.05%
1954 - 2.34%
1953 - 0.14%
1952 - -0.26%
1951 - 0.59%
1950 - -2.01%
1949 - -2.05%
1948 - -2.29%
1947 - -14.5%
1946 - 1.87%
1945 - -
1944 - -
1943 - -5.81%
1942 - -
1941 - -
1940 - -
1939 - -6.86%
1938 - -5.17%
1937 - -4.71%
1936 - -4.92%
1935 - -5.94%
1934 - -2.78%
1933 - -1.69%
1932 - -
1931 - -
1930 - -2.48%
1929 - -
1928 - -
1927 - 3.06%
1926 - -
1925 - -
1924 - -5.53%
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -1.4%
1912 - -1.39%
1911 - -0.92%
1910 - -0.18%
1909 - 0.13%
1908 - -0.95%
1907 - -0.81%
1906 - -1.35%
1905 - 1.23%
1904 - 0.004%
1903 - 0.08%
1902 - 0.22%
1901 - 0.55%
1900 - -0.54%
1899 - -1.64%
1898 - -0.28%
1897 - -0.25%
1896 - 0.94%
1895 - -0.33%
1894 - 0.06%
1893 - 0.07%
1892 - 0.17%
1891 - -0.005%
1890 - -0.83%
1889 - 0.3%
1888 - -0.21%
1887 - -0.12%
1886 - 0.54%
1885 - -0.43%
1884 - -0.26%
1883 - -0.54%
1882 - -0.3%
1881 - 0.08%
1880 - 0.12%
1879 - -1.51%
1878 - -1.78%
1877 - -2.52%
1876 - -0.77%
1875 - -0.88%
1874 - -1.02%
1873 - -2.08%
1872 - -0.7%
1871 - -0.64%
1870 - -0.58%
1869 - -0.35%
1868 - -0.39%
1867 - -0.49%
1866 - -0.87%
1865 - -0.55%
1864 - -0.62%
1863 - -0.72%
1862 - -0.49%
1861 - -0.22%
1860 - -0.13%
1859 - 0.1%
1858 - 0.35%
1857 - 0%
1856 - -0.26%
1855 - -0.28%
1854 - -0.4%
1853 - -0.3%
1852 - -0.44%
1851 - -0.05%
1850 - -0.11%
1849 - 0.11%
1848 - -1.41%
1847 - -0.69%
1846 - -0.52%
1845 - -1.17%
1844 - -4.92%
1843 - -0.86%
1842 - -0.89%
1841 - -0.75%
1840 - 0.16%
1839 - -0.43%
1838 - 0.23%
1837 - -0.11%
1836 - 0.18%
1835 - 0.27%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1835–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/belgium | CC BY

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was $228M, equivalent to 1.33% of GDP. This compares to Belgium's deficit of $26.7B, or 4.1% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Belgium ran a deficit in 20 years. On average, Afghanistan posted an annual deficit equal to 0.96% of GDP, compared to deficit of 2.79% of GDP for Belgium.

Inflation comparison by year

Inflation
Afghanistan

Belgium
1x
Year Consumer prices inflation
Afghanistan Belgium
2024 -4.3% 3.14%
2023 -7.7% 4.05%
2022 10.6% 9.6%
2021 7.8% 2.44%
2020 5.6% 0.74%
2019 2.3% 1.44%
2018 0.6% 2.05%
2017 5% 2.13%
2016 4.4% 1.97%
2015 -0.7% 0.56%
2014 4.7% 0.34%
2013 7.4% 1.11%
2012 6.4% 2.84%
2011 11.8% 3.53%
2010 2.2% 2.19%
2009 -6.8% -0.05%
2008 26.4% 4.49%
2007 8.7% 1.82%
2006 6.8% 1.79%
2005 10.6% 2.78%
2004 16.4% 2.1%
2003 35.7% 1.59%
2002 - 1.65%
2001 - 2.47%
2000 - 2.54%
1999 - 1.12%
1998 - 0.95%
1997 - 1.63%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/belgium | CC BY

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 2.39% in Belgium. In 2024, inflation was -4.3% in Afghanistan and 3.14% in Belgium.

Top exports between countries

Afghanistan
Export category Export value
Raw agricultural goods $35K
Processed food, beverages & tobacco $20K
Textiles & consumer goods $6K
Belgium
Export category Export value
Chemicals & pharma $40M
Processed food, beverages & tobacco $6.58M
Machinery & equipment $4.2M
Textiles & consumer goods $832K
Animal & marine products $596K
Metals $465K
Raw materials & minerals $214K
Precious metals & jewellery $100K
Raw agricultural goods $42K
Wood & paper products $7K

Balance of trade

Afghanistan Belgium
Current account balance
-$3.14B
2020
-$2.54B
2024
Current account balance ranking
159/190
2020
151/190
2024
Current account balance, % of GDP
-15.7%
2020
-0.38%
2024
Goods imports
$5.88B
2020
$370B
2024
Goods exports
$777M
2020
$382B
2024
Service imports
$1.11B
2020
$164B
2024
Service exports
$700M
2020
$150B
2024
Imports of goods and services, % of GDP
50.7%
2023
79.7%
2024
Exports of goods and services, % of GDP
16.9%
2023
79.3%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Belgium
Economic freedom 53 69.2
Economic freedom ranking 142/197 42/197
Property rights 3.6 91.1
Government integrity 13.5 78.2
Judicial effectiveness 0 91.6
Tax burden 92 50.6
Government spending 90.8 14.6
Fiscal health 98.4 53.4
Business freedom 33.7 82.5
Labor freedom 44.4 57.5
Monetary freedom 84.9 76.8
Trade freedom 68.6 79.4
Investment freedom 10 85
Financial freedom 10 70

Economic freedom comparison by year

Afghanistan
Belgium
1x
Year Economic freedom index
Afghanistan Belgium
2026 - 69.2
2025 - 69
2024 - 65.6
2023 - 67.1
2022 - 69.6
2021 53 70.1
2020 54.7 68.9
2019 51.5 67.3
2018 51.3 67.5
2017 48.9 67.8
2016 - 68.4
2015 - 68.8
2014 - 69.9
2013 - 69.2
2012 - 69
2011 - 70.2
2010 - 70.1
2009 - 72.1
2008 - 71.7
2007 - 72.5
2006 - 71.8
2005 - 69
2004 - 68.7
2003 - 68.1
2002 - 67.6
2001 - 63.8
2000 - 63.5
1999 - 62.9
1998 - 64.7
1997 - 64.6
1996 - 66

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/afghanistan/belgium | CC BY

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 69.2 for Belgium, ranking 42/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Afghanistan Belgium
Services, % of GDP
46.4%
2023
71%
2024
Industry, % of GDP
13.4%
2023
18.7%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
0.79%
2024
GNI, Atlas method
$15.5B
2023
$656B
2024
GNI per capita, PPP
$2,210
2023
$74,770
2024
Total reserves including gold
$9.75B
2020
$41.4B
2024
Total reserves ranking
78/177
2020
49/177
2024
Net foreign direct investment
$24.3M
2020
$46.1B
2024
Net inflows of foreign direct investment
$0
2024
-$41.4B
2024
Net outflows of foreign direct investment
$0
2024
$4.71B
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
n/a
Poverty at national poverty lines
47.1%
2019
12.3%
2022
Gross capital formation, % of GDP
15.3%
2023
24.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/afghanistan/belgium | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1835–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2019–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.