Belgium vs Nepal: Economic Indicators Comparison

Belgium with a GDP of $542.8B ranked the 24th largest economy in the world, while Nepal ranked 103rd with $29B. By GDP 5-years average growth and GDP per capita, Belgium and Nepal ranked 146th vs 37th and 20th vs 170th, respectively.

Gross Domestic Product & Income

StatBelgiumNepal
GDP$542.8B$29B
GDP growth, 1 year1.4%6.3%
GDP growth, 5-years average1.5%4.8%
Population11.4M29.4M
GDP per capita$48k$1k
GDP per capita growth1.04%4.91%
Purchasing Power Parity conversion factor0.7834.93
Price level ratio of PPP conversion factor GDP to market exchange rate0.920.33
GDP per capita, PPP adjusted$48k$2.9k
GNI, Atlas method$524.4B$27.2B
GNI per capita$46k$970
GNI, PPP adjusted$591B$87.4B
GNI per capita, PPP adjusted$52k$3.1k

Financial system and Human development

StatBelgiumNepal
Income Tax Rate50%25%
Corporate Tax Rate29%25%
Inflation, consumer prices2.3%4.2%
Inflation, GDP deflator1.5%6.3%
Unemployment6.3%1.3%
Economic Freedom Index68.954.2
Personal Freedom Index9.067.75
Human Freedom Index8.286.83
Property Rights Index84.540.7
Judical Effectiveness Index62.532
Business Freedom Index75.261.6
Fiscal Health Index7798.1
Labor Freedom Index61.153.7
Investment Freedom Index8510
Financial Freedom Index7030
Trade Freedom Index86.460.4
Monetary Freedom Index80.571.2
Government Spending Index17.277.9
Tax Burden Index46.783.4
Government Integrity Index80.231.5
Corruption Perceptions Index7531
Life expectancy at birth, years81.470.2
Suicide mortality rate, per 100,000 people20.78.8
Mortality caused by road traffic injury, per 100,000 people5.815.9
Intentional homicides, per 100,000 people1.72.2
International tourism, number of arrivals9.1M1.2M

Government debt & reserves

StatBelgiumNepal
Central government debt, % of GDP101.4%30.4%
External debt stocks, % of GNIN/A18.9%
External debt stocksN/A$5.5B
Short-term debt, % of total reservesN/A3%
Total debt service, % of exports and primary incomeN/A8.5%
Adjusted net savings including particulate emission damage, % of GNI12%38.1%
Gross savings, % of GDP24.5%49.5%
Gross capital formation, % of GDP25.5%55.2%
Total reserves including gold$26.9B$8.3B
Foreign direct investment net inflows-$62.8B$68.2M

Exports, imports and economic structure

StatBelgiumNepal
Exports of goods and services, % of GDP82.6%8.9%
Imports of goods and services, % of GDP82.7%46.3%
Current account balance (balance of payments)-$5.3B-$2.8B
Revenue excluding grants, % of GDP38.4%22.9%
Grants excluding technical cooperation, BoPN/A$629.7M
Personal remittances received$12.3B$8.3B
Industry including construction value added, % of GDP19.1%13.5%
Agriculture, forestry and fishing value added, % of GDP0.5%25.3%
Charges for the use of intellectual property, payments BoP$3.7BN/A
Charges for the use of intellectual property, receipts BoP$4.4BN/A
Expense, % of GDP39.6%19.4%
Government Expenditure, % of GDP52.5%27.2%

Compare with countries close by GDP per capita

Belgium vs

CountryGDP
per capita
Population
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k

Nepal vs

CountryGDP
per capita
Population
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M