In 2023, Belgium's GDP composition was prominently driven by the service sector, contributing 53.49% of the GDP. The mining, manufacturing, and utilities sector accounted for 16.83%, while wholesale, retail trade, restaurants, and hotels stood at 14.09%. Transport, storage, and communication activities contributed 9.57%, construction was at 5.32%, and agriculture, hunting, forestry, and fishing comprised a minimal 0.69% of GDP.
Year-on-year changes indicate a stable prominence in services with slight increases in transport, storage, and communication. The construction and agriculture sectors maintained minimal variations. Over the last five years, a steady CAGR highlights consistent growth trends in services and moderate increases in manufacturing and communications.
Future trends to watch include:
- A potential increase in green and digital transitions influencing the services sector.
- Innovation in manufacturing and utilities possibly enhancing their GDP contribution.
- Post-pandemic recovery fostering growth in hospitality and trade sectors.
- Urban infrastructure developments potentially boosting the construction industry's share.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 53.49 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 16.83 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 14.09 | 2016 | |
| 4 | 4 Transport, storage and communication | 9.57 | 2016 | |
| 5 | 5 Construction | 5.32 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 0.69 | 2016 |
