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Belgium

Belgian Local currency at constant prices Stats

Definitions

  • Aggregate indicators > GDP per capita > Constant LCU: GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • Aggregate indicators > Gross domestic savings > Consta: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). Data are in constant local currency.
  • Aggregate indicators > Gross value added at factor cos: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency."
  • Aggregate indicators > Net current transfers from abro: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in constant local currency.
  • Aggregate indicators > Net income from abroad > Consta: Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in constant local currency."
  • Aggregate indicators > Net taxes on products > Constan: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency."
  • Expenditure on GDP > Changes in inventories > Constant: Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" Data are in constant local currency."
  • Expenditure on GDP > Discrepancy in expenditure estima: A statistical discrepancy usually arises when the GDP components are estimated independently by industrial origin and by expenditure categories. This item represents the discrepancy in the use of resources (i.e., the estimate of GDP by expenditure categories). Data are in constant local currency."
  • Expenditure on GDP > Exports > Goods and services: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant local currency."
  • Expenditure on GDP > External balance on goods and ser: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.
  • Expenditure on GDP > Final > Consumption expenditure: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). Data are in constant local currency.
  • Expenditure on GDP > General government final consumpt: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in constant local currency."
  • Expenditure on GDP > Gross capital formation > Constan: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency."
  • Expenditure on GDP > Gross fixed capital formation: Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency."
  • Expenditure on GDP > Gross national expenditure > Cons: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant local currency."
STAT AMOUNT DATE RANK HISTORY
Aggregate indicators > GDP per capita > Constant LCU 26,241.03 2009 87th out of 162
Aggregate indicators > Gross domestic savings > Consta 72.22 billion 2009 39th out of 68
Aggregate indicators > Gross value added at factor cos 252.18 billion 2009 55th out of 114
Aggregate indicators > Net current transfers from abro 2.32 billion 2009 48th out of 86
Aggregate indicators > Net income from abroad > Consta 2.32 billion 2009 18th out of 87
Aggregate indicators > Net taxes on products > Constan 30.93 billion 2009 45th out of 104
Expenditure on GDP > Changes in inventories > Constant 1.45 billion 2009 18th out of 72
Expenditure on GDP > Discrepancy in expenditure estima 910.62 million 2009 30th out of 81
Expenditure on GDP > Exports > Goods and services 226.89 billion 2009 47th out of 105
Expenditure on GDP > External balance on goods and ser 7.9 billion 2009 24th out of 100
Expenditure on GDP > Final > Consumption expenditure 210.62 billion 2009 50th out of 83
Expenditure on GDP > General government final consumpt 62.17 billion 2009 51st out of 98
Expenditure on GDP > Gross capital formation > Constan 63.68 billion 2009 57th out of 101
Expenditure on GDP > Gross fixed capital formation 62.8 billion 2009 53th out of 96
Expenditure on GDP > Gross national expenditure > Cons 275.21 billion 2009 59th out of 104

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

Citation

"Belgium Local currency at constant prices Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Belgium/Economy/National-accounts/Local-currency-at-constant-prices

Belgium Economy > National accounts > Local currency at constant prices Profiles (Subcategories)

Aggregate indicators 7 Other items 4
Expenditure on GDP 11 Value added 3