Belgium vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Belgium ranked 24th with $542.8B. By GDP 5-years average growth and GDP per capita, Turkey and Belgium ranked 36th vs 146th and 78th vs 20th, respectively.

Gross Domestic Product & Income

StatBelgiumTurkey
GDP$542.8B$771.4B
GDP growth, 1 year1.4%2.6%
GDP growth, 5-years average1.5%4.9%
Population11.4M82M
GDP per capita$48k$9.4k
GDP per capita growth1.04%1.31%
Purchasing Power Parity conversion factor0.781.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.920.33
GDP per capita, PPP adjusted$48k$28k
GNI, Atlas method$524.4B$858.1B
GNI per capita$46k$10k
GNI, PPP adjusted$591B$2.3T
GNI per capita, PPP adjusted$52k$28k

Financial system and Human development

StatBelgiumTurkey
Income Tax Rate50%35%
Corporate Tax Rate29%22%
Inflation, consumer prices2.3%16.3%
Inflation, GDP deflator1.5%16.4%
Unemployment6.3%10.9%
Economic Freedom Index68.964.4
Personal Freedom Index9.066.97
Human Freedom Index8.286.96
Property Rights Index84.557.4
Judical Effectiveness Index62.553.7
Business Freedom Index75.267
Fiscal Health Index7786.1
Labor Freedom Index61.149.2
Investment Freedom Index8570
Financial Freedom Index7060
Trade Freedom Index86.478
Monetary Freedom Index80.566.1
Government Spending Index17.264.1
Tax Burden Index46.776.7
Government Integrity Index80.244.6
Corruption Perceptions Index7541
Life expectancy at birth, years81.477.2
Suicide mortality rate, per 100,000 people20.77.3
Mortality caused by road traffic injury, per 100,000 people5.812.3
Intentional homicides, per 100,000 people1.74.3
International tourism, number of arrivals9.1M45.8M

Government debt & reserves

StatBelgiumTurkey
Central government debt, % of GDP101.4%29.1%
External debt stocks, % of GNIN/A59%
External debt stocksN/A$445.1B
Short-term debt, % of total reservesN/A124.1%
Total debt service, % of exports and primary incomeN/A36.7%
Adjusted net savings including particulate emission damage, % of GNI12%11.4%
Gross savings, % of GDP24.5%27.1%
Gross capital formation, % of GDP25.5%29.6%
Total reserves including gold$26.9B$93B
Foreign direct investment net inflows-$62.8B$13.1B

Exports, imports and economic structure

StatBelgiumTurkey
Exports of goods and services, % of GDP82.6%29.5%
Imports of goods and services, % of GDP82.7%30.6%
Current account balance (balance of payments)-$5.3B-$27B
Revenue excluding grants, % of GDP38.4%30.7%
Grants excluding technical cooperation, BoPN/A$1.3B
Personal remittances received$12.3B$1.1B
Industry including construction value added, % of GDP19.1%29.5%
Agriculture, forestry and fishing value added, % of GDP0.5%5.8%
Charges for the use of intellectual property, payments BoP$3.7B$726M
Charges for the use of intellectual property, receipts BoP$4.4B$29M
Expense, % of GDP39.6%33.9%
Government Expenditure, % of GDP52.5%34.6%

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

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M