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Economy of Antigua and Barbuda vs Belgium compared: GDP & Debt

Updated on by Georank

Antigua and Barbuda has a GDP of $2.34B compared to $725B for Belgium, ranking 178/197 and 23/197 by economy size, respectively.

Antigua and Barbuda has $1.63B in government debt (69.7% of GDP), compared to $771B (106.3% of GDP) in Belgium.

Antigua and Barbuda vs Belgium GDP by year

Antigua and Barbuda
Belgium
1x
Year GDP, current $
Antigua Belgium
2025 $2,338,196,296 $725,466,462,860
2024 $2,162,366,667 $670,983,130,619
2023 $2,054,096,296 $650,779,364,364
2022 $1,857,114,815 $591,474,463,579
2021 $1,602,125,926 $598,522,422,242
2020 $1,411,637,037 $529,694,473,502
2019 $1,726,448,148 $536,726,344,405
2018 $1,661,529,630 $542,638,913,428
2017 $1,534,855,556 $500,908,767,352
2016 $1,489,603,704 $474,271,566,740
2015 $1,437,485,185 $461,044,767,545
2014 $1,378,707,407 $537,987,419,164
2013 $1,325,496,296 $524,097,026,599
2012 $1,364,729,630 $498,414,364,945
2011 $1,287,359,259 $527,196,649,049
2010 $1,298,348,148 $481,556,503,720
2009 $1,386,518,519 $485,014,525,992
2008 $1,557,640,741 $517,328,087,920
2007 $1,487,381,481 $470,922,156,309
2006 $1,303,674,074 $408,259,840,869
2005 $1,143,896,296 $385,714,762,230
2004 $1,026,329,630 $369,214,712,443
2003 $948,100,000 $318,082,528,507
2002 $898,092,593 $258,383,599,375
2001 $877,774,074 $236,746,141,604
2000 $901,003,704 $236,792,460,312
1999 $835,544,444 $258,245,733,221
1998 $789,788,889 $258,528,339,631
1997 $734,422,222 $252,708,051,421
1996 $679,140,741 $279,201,433,225
1995 $616,051,852 $288,025,588,396
1994 $625,081,481 $244,884,129,491
1993 $565,662,963 $224,721,795,709
1992 $525,133,333 $234,781,652,447
1991 $504,337,037 $210,510,999,409
1990 $478,718,519 $205,331,747,948
1989 $455,174,074 $164,221,056,511
1988 $411,396,296 $162,299,103,675
1987 $346,866,667 $149,394,404,106
1986 $297,562,963 $120,018,787,249
1985 $246,370,370 $86,268,264,148
1984 $212,214,815 $83,349,530,159
1983 $184,866,667 $87,184,239,053
1982 $166,444,444 $92,095,926,188
1981 $149,388,889 $104,730,018,470
1980 $132,451,852 $126,829,314,388
1979 $109,596,296 $116,315,456,797
1978 $88,040,741 $101,246,526,194
1977 $77,507,407 $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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/belgium | CC BY

GDP per capita in Antigua and Barbuda vs Belgium by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Belgium
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua Belgium
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $24,819 - $60,750 -
2024 $23,060 $33,386 $56,582 $73,514
2023 $22,012 $31,602 $55,245 $71,946
2022 $20,003 $29,934 $50,639 $69,128
2021 $17,349 $25,745 $51,658 $60,669
2020 $15,370 $22,370 $45,906 $56,120
2019 $18,896 $26,551 $46,717 $56,712
2018 $18,273 $24,524 $47,487 $52,467
2017 $16,966 $21,422 $44,035 $50,256
2016 $16,557 $21,320 $41,855 $48,415
2015 $16,078 $20,985 $40,894 $46,072
2014 $15,532 $21,671 $47,996 $45,148
2013 $15,052 $21,761 $46,965 $43,864
2012 $15,640 $23,012 $44,874 $42,484
2011 $14,912 $23,804 $47,761 $41,245
2010 $15,217 $24,071 $44,197 $39,840
2009 $16,472 $26,157 $44,923 $37,906
2008 $18,787 $29,978 $48,303 $37,883
2007 $18,205 $29,851 $44,319 $36,798
2006 $16,174 $26,949 $38,705 $35,251
2005 $14,369 $23,485 $36,810 $33,178
2004 $13,038 $21,629 $35,429 $32,060
2003 $12,173 $20,127 $30,655 $30,931
2002 $11,659 $18,813 $25,006 $30,282
2001 $11,539 $18,569 $23,015 $28,794
2000 $12,027 $19,319 $23,099 $27,794
1999 $11,342 $18,088 $25,253 $25,441
1998 $10,907 $17,496 $25,338 $24,370
1997 $10,336 $16,836 $24,821 $23,733
1996 $9,756 $16,017 $27,490 $22,745
1995 $9,034 $15,062 $28,414 $22,446
1994 $9,351 $15,736 $24,209 $21,518
1993 $8,625 $14,720 $22,284 $20,473
1992 $8,154 $13,908 $23,373 $20,272
1991 $7,956 $13,658 $21,042 $19,601
1990 $7,591 $12,996 $20,600 $18,688
1989 $7,188 - $16,525 -
1988 $6,466 - $16,391 -
1987 $5,424 - $15,136 -
1986 $4,629 - $12,170 -
1985 $3,814 - $8,751 -
1984 $3,271 - $8,457 -
1983 $2,847 - $8,846 -
1982 $2,569 - $9,344 -
1981 $2,310 - $10,623 -
1980 $2,053 - $12,864 -
1979 $1,705 - $11,811 -
1978 $1,375 - $10,290 -
1977 $1,214 - $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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/belgium | CC BY

Antigua and Barbuda's GDP per capita is $24,819, ranking 55/197, compared to $60,750 in Belgium, ranking 17/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Belgium ranks 21st at $73,514.

Economic indicators

Antigua Belgium
Gross domestic product
$2.34B
2025
$725B
2025
GDP rank
178/197
2025
23/197
2025
GDP growth
5%
2024-2025
0.98%
2024-2025
GDP per capita
$24,819
2025
$60,750
2025
GDP per capita rank
55/197
2025
17/197
2025
GDP per capita, PPP
$33,386
2024
$73,514
2024
GDP per capita PPP rank
66/197
2024
21/197
2024
Government debt
$1.63B
2025
$771B
2025
Debt-to-GDP ratio
69.7%
2025
106.3%
2025
Government debt per person
$17,310
2025
$64,598
2025
Government debt per person rank
38/185
2025
4/185
2025
Average annual personal income after taxes
$16,750
2026
$35,730
2026
Market capitalization of domestic companies n/a
$321B
2018
Number of millionaires n/a
556,000
2026
Number of billionaires n/a
11
2026
Income share by richest 10% n/a
22.2%
2023
Income share by poorest 10% n/a
3.7%
2023
Government expenditure, % of GDP
19.3%
2025
55%
2025
Consumer prices inflation
1.4%
2024-2025
2.47%
2024-2025
Unemployment rate
5.37%
2023
6.2%
2025
Population
94846
11967185

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
Belgium
Spending

Debt
1x
Year % of GDP
Antigua Belgium
Government spending Government debt Government spending Government debt
2025 19.3% 69.7% 55% 106.3%
2024 20.2% 71.8% 54.1% 103.9%
2023 18.4% 74.5% 52.8% 102.2%
2022 20.8% 82.4% 52.5% 103.1%
2021 23.4% 93% 54.9% 108.5%
2020 26% 100.5% 58.5% 111.2%
2019 22.1% 81.6% 51.8% 97.6%
2018 21.5% 84.3% 52.5% 100.1%
2017 22.6% 88.2% 52.3% 102.5%
2016 23.8% 83.1% 53.4% 105.5%
2015 24.8% 92.1% 53.9% 105.6%
2014 20.9% 91.9% 55.4% 106.6%
2013 20.7% 85.4% 55.9% 105%
2012 18.5% 76.9% 56.2% 104.3%
2011 21.1% 81.1% 55% 102.7%
2010 20% 79.4% 53.9% 100.2%
2009 32.1% 89.2% 54.5% 99.9%
2008 23.2% 66.8% 50.8% 93.2%
2007 23.8% 68.7% 48.6% 87.3%
2006 26% 79.1% 48.8% 91.5%
2005 21.5% 82.8% 51.9% 95.1%
2004 21.9% 107.7% 49.3% 97.2%
2003 24.2% 113% 51% 101.7%
2002 26.3% 114.5% 49.9% 105.4%
2001 24.2% 107.6% 49.4% 108.2%
2000 21.1% 96.4% 49.4% 109.6%
1999 20.3% 95.9% 50.5% 115.4%
1998 20.7% 94.6% 51% 119.2%
1997 16.8% 80.6% 51.6% 124.3%
1996 19.6% 85.5% 53.1% 129%
1995 21% 92.1% 52.6% 131.3%
1994 21.2% 84.5% 54.7% 137.1%
1993 19.4% 85.3% 57.1% 138.9%
1992 18.7% 90.8% 55.9% 134.7%
1991 20.8% 94.6% 55.6% 131.8%
1990 18.1% 94.1% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/belgium | CC BY

In 2025, Antigua and Barbuda's government spending was $450M, accounting for 19.3% of its GDP, while Belgium spent $399B, or 55% of GDP.

Debt-to-GDP ratio is 69.7% in Antigua and Barbuda and 106.3% in Belgium, ranking 58/185 and 17/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

Belgium
1x
Year Deficit/surplus, % of GDP
Antigua Belgium
2025 3.14% -5.26%
2024 1.65% -4.36%
2023 -1.66% -4.01%
2022 -2.86% -3.6%
2021 -4.52% -5.4%
2020 -6.23% -9.03%
2019 -3.64% -2.05%
2018 -2.43% -1.05%
2017 -2.72% -0.76%
2016 -0.14% -2.43%
2015 -2.42% -2.48%
2014 -2.6% -3.18%
2013 -3.83% -3.16%
2012 -0.97% -4.35%
2011 -3.09% -4.44%
2010 -0.24% -4.13%
2009 -15.8% -5.45%
2008 -4.72% -1.1%
2007 -4.98% 0.07%
2006 -6.62% 0.24%
2005 -4.29% -2.72%
2004 -3.9% -0.24%
2003 -7.32% -1.86%
2002 -8.83% -0.04%
2001 -8.58% 0.23%
2000 -4.5% -0.08%
1999 -3.08% -0.65%
1998 -1.62% -1.03%
1997 0% -2.15%
1996 -1.61% -4%
1995 -3.89% -4.51%
1994 -4.33% -5.29%
1993 -2.45% -7.71%
1992 -0.81% -8.42%
1991 -3.91% -7.67%
1990 0.12% -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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/belgium | CC BY

In 2025, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $73.4M, equivalent to 3.14% of GDP. This compares to Belgium's deficit of $38.1B, or 5.26% of GDP.

Over the past 36 years, Antigua and Barbuda recorded a fiscal deficit in 32 of those years, while Belgium ran a deficit in 33 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.44% of GDP, compared to deficit of 3.31% of GDP for Belgium.

Inflation comparison by year

Inflation
Antigua and Barbuda

Belgium
1x
Year Consumer prices inflation
Antigua Belgium
2025 1.4% 2.47%
2024 6.2% 3.14%
2023 5.1% 4.05%
2022 7.5% 9.6%
2021 1.6% 2.44%
2020 1.1% 0.74%
2019 1.4% 1.44%
2018 1.2% 2.05%
2017 2.4% 2.13%
2016 -0.5% 1.97%
2015 1% 0.56%
2014 1.1% 0.34%
2013 1.1% 1.11%
2012 3.4% 2.84%
2011 3.5% 3.53%
2010 3.4% 2.19%
2009 -0.6% -0.05%
2008 5.3% 4.49%
2007 1.4% 1.82%
2006 1.8% 1.79%
2005 2.1% 2.78%
2004 2% 2.1%
2003 2% 1.59%
2002 2.4% 1.65%
2001 1.9% 2.47%
2000 -0.2% 2.54%
1999 1.1% 1.12%
1998 3.3% 0.95%
1997 0.4% 1.63%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/belgium | CC BY

Over the past 29 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.2%, compared with 2.26% in Belgium. In 2025, inflation was 1.4% in Antigua and Barbuda and 2.47% in Belgium.

Top exports between countries

Antigua
Export category Export value
Machinery & equipment $65K
Textiles & consumer goods $37K
Wood & paper products $2K
Metals $1K
Belgium
Export category Export value
Machinery & equipment $1.09M
Animal & marine products $821K
Processed food, beverages & tobacco $594K
Chemicals & pharma $583K
Textiles & consumer goods $158K
Metals $157K
Raw materials & minerals $110K
Raw agricultural goods $37K
Wood & paper products $20K
Miscellaneous $6K

Balance of trade

Antigua Belgium
Current account balance
-$281M
2025
-$14B
2025
Current account balance ranking
95/190
2025
179/190
2025
Current account balance, % of GDP
-12%
2025
-1.93%
2025
Goods imports
$793M
2025
$386B
2025
Goods exports
$96M
2025
$387B
2025
Service imports
$614M
2025
$175B
2025
Service exports
$1.21B
2025
$160B
2025
Imports of goods and services, % of GDP
63.3%
2022
77.5%
2025
Exports of goods and services, % of GDP
55%
2022
75.5%
2025

Economic freedom indices

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

Antigua Belgium
Economic freedom 56 69.2
Economic freedom ranking 125/197 42/197
Property rights n/a 91.1
Government integrity n/a 78.2
Judicial effectiveness n/a 91.6
Tax burden n/a 50.6
Government spending n/a 14.6
Fiscal health n/a 53.4
Business freedom n/a 82.5
Labor freedom n/a 57.5
Monetary freedom n/a 76.8
Trade freedom n/a 79.4
Investment freedom n/a 85
Financial freedom n/a 70

Other economic metrics

Antigua Belgium
Services, % of GDP
68.7%
2025
71.2%
2025
Industry, % of GDP
18.2%
2025
18.6%
2025
Agriculture, forestry, and fishing, % of GDP
1.49%
2025
0.73%
2025
GNI, Atlas method
$2.24B
2025
$711B
2025
GNI per capita, PPP
$34,670
2025
$75,620
2025
Total reserves including gold
$379M
2025
$56.4B
2025
Total reserves ranking
165/177
2025
44/177
2025
Net foreign direct investment
-$291M
2025
$9.47B
2025
Net inflows of foreign direct investment
$246M
2024
-$41.4B
2024
Net outflows of foreign direct investment
-$68.4K
2024
$4.71B
2024
Poverty at national poverty lines n/a
12.3%
2022
Gross capital formation, % of GDP n/a
25.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/belgium | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1835–1989, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
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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.

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.