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Belgium vs Singapore: Economic Indicators Comparison

Belgium with a GDP of $542.8B ranked the 24th largest economy in the world, while Singapore ranked 36th with $364.2B. By GDP 5-years average growth and GDP per capita, Belgium and Singapore ranked 146th vs 76th and 20th vs 10th, respectively.

Gross Domestic Product & Income

StatBelgiumSingapore
GDP$542.8B$364.2B
GDP growth, 1 year1.4%3.2%
GDP growth, 5-years average1.5%3.3%
Population11.2M5.9M
GDP per capita$48k$65k
GDP per capita growth1.04%2.66%
Purchasing Power Parity conversion factor0.780.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.920.64
GDP per capita, PPP adjusted$48k$100k
GNI, Atlas method$524.4B$331.4B
GNI per capita$46k$59k
GNI, PPP adjusted$591B$533.8B
GNI per capita, PPP adjusted$52k$95k

Financial system and Human development

StatBelgiumSingapore
Income Tax Rate50%22%
Corporate Tax Rate29%17%
Inflation, consumer prices2.3%0.4%
Inflation, GDP deflator1.5%1.9%
Unemployment6.3%3.8%
Economic Freedom Index68.989.4
Personal Freedom Index9.067.44
Human Freedom Index8.288.1
Property Rights Index84.596.8
Judical Effectiveness Index62.592.9
Business Freedom Index75.292.8
Fiscal Health Index7780
Labor Freedom Index61.190.9
Investment Freedom Index8585
Financial Freedom Index7080
Trade Freedom Index86.494.8
Monetary Freedom Index80.585.6
Government Spending Index17.291.1
Tax Burden Index46.790.3
Government Integrity Index80.292.4
Corruption Perceptions Index7585
Life expectancy at birth, years81.482.9
Suicide mortality rate, per 100,000 people20.79.9
Mortality caused by road traffic injury, per 100,000 people5.82.8
Intentional homicides, per 100,000 people1.70.2
International tourism, number of arrivals9.1M14.7M

Government debt & reserves

StatBelgiumSingapore
Central government debt, % of GDP101.4%108.3%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI12%36.8%
Gross savings, % of GDP24.5%45.8%
Gross capital formation, % of GDP25.5%26.6%
Total reserves including gold$26.9B$292.7B
Foreign direct investment net inflows-$62.8B$82B

Exports, imports and economic structure

StatBelgiumSingapore
Exports of goods and services, % of GDP82.6%176.4%
Imports of goods and services, % of GDP82.7%149.8%
Current account balance (balance of payments)-$5.3B$65.1B
Revenue excluding grants, % of GDP38.4%18.8%
Grants excluding technical cooperation, BoPN/A$1.6M
Personal remittances received$12.3BN/A
Industry including construction value added, % of GDP19.1%25.2%
Agriculture, forestry and fishing value added, % of GDP0.5%0%
Charges for the use of intellectual property, payments BoP$3.7B$15.2B
Charges for the use of intellectual property, receipts BoP$4.4B$8.7B
Expense, % of GDP39.6%15.2%
Government Expenditure, % of GDP52.5%17.2%

Compare with countries close by GDP per capita

Belgium vs

CountryGDP
per capita
Population
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
South Korea
$31k
51.1M
Spain
$30k
46.5M
Malta
$30k
423k
Cyprus
$28k
1.14M

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k