List of Belgian provinces by GDP

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This article lists Belgian provinces and regions (NUTS 2) by gross domestic product (GDP).

Provinces of Belgium subdivision of Belgium

The country of Belgium is divided into three regions. Two of these regions, the Flemish Region or Flanders, and Walloon Region, or Wallonia, are each subdivided into five provinces. The third region, the Brussels-Capital Region, is not divided into provinces, as it was originally only a small part of a province itself.

The Nomenclature of Territorial Units for Statistics is a geocode standard for referencing the subdivisions of countries for statistical purposes. The standard is developed and regulated by the European Union, and thus only covers the member states of the EU in detail. The Nomenclature of Territorial Units for Statistics is instrumental in the European Union's Structural Fund delivery mechanisms and for locating the area where goods and services subject to European public procurement legislation are to be delivered.

Gross domestic product market value of goods and services produced within a country

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.

Contents

By GDP

This table reports the gross domestic product (nominal GDP), expressed in billions of euro, of the ten provinces and the Brussels capital region in 2016. [1]

Euro European currency

The euro is the official currency of 19 of the 28 member states of the European Union. This group of states is known as the eurozone or euro area, and counts about 343 million citizens as of 2019. The euro is the second largest and second most traded currency in the foreign exchange market after the United States dollar. The euro is subdivided into 100 cents.

Brussels Capital region of Belgium

Brussels, officially the Brussels-Capital Region, is a region of Belgium comprising 19 municipalities, including the City of Brussels, which is the capital of Belgium. The Brussels-Capital Region is located in the central portion of the country and is a part of both the French Community of Belgium and the Flemish Community, but is separate from the Flemish Region and the Walloon Region. Brussels is the most densely populated and the richest region in Belgium in terms of GDP per capita. It covers 161 km2 (62 sq mi), a relatively small area compared to the two other regions, and has a population of 1.2 million. The metropolitan area of Brussels counts over 2.1 million people, which makes it the largest in Belgium. It is also part of a large conurbation extending towards Ghent, Antwerp, Leuven and Walloon Brabant, home to over 5 million people.

RankProvinceGDP in bn. EUR
1Flag of Antwerp.svg  Antwerp 75.893
-Flag of the Brussels-Capital Region.svg  Brussels 69.506
2Flag of Oost-Vlaanderen.svg  East Flanders 52.024
3Flemish Brabant Flag.png  Flemish Brabant 45.502
4Flag of West Flanders.svg  West Flanders 43.537
5Flag of Hainaut.svg  Hainaut 32.304
6Flag of the Province of Liege.svg  Liège 29.683
7Flag of Limburg (Belgium).svg  Limburg (Belgium) 26.708
8Drapeau Province BE Brabant Wallon.svg  Walloon Brabant 16.815
9Flag province namur.svg  Namur 12.718
10Unofficial flag of the Province of Luxembourg.svg  Luxembourg (Belgium) 6.700
Flag of Belgium (civil).svg  Belgium 424.660

By GDP per capita

This table reports the gross domestic product (adjusted for Purchasing power parity), expressed in euro, of the ten provinces and the Brussels capital region in 2016. [2]

Purchasing power parity (PPP) is a way of measuring economic variables in different countries so that irrelevant exchange rate variations do not distort comparisons. Purchasing power exchange rates are such that it would cost exactly the same number of, for example, US dollars to buy euros and then buy a basket of goods in the market as it would cost to purchase the same goods directly with dollars. The purchasing power exchange rate used in this conversion equals the ratio of the currencies' respective purchasing powers.

RankProvinceGDP per capita
in EUR
-Flag of the Brussels-Capital Region.svg  Brussels 58,400
1Flag of Antwerp.svg  Antwerp 40,500
2Drapeau Province BE Brabant Wallon.svg  Walloon Brabant 38,700
3Flemish Brabant Flag.png  Flemish Brabant 37,000
4Flag of West Flanders.svg  West Flanders 33,700
5Flag of Oost-Vlaanderen.svg  East Flanders 31,900
6Flag of Limburg (Belgium).svg  Limburg (Belgium) 28,300
7Flag of the Province of Liege.svg  Liège 24,700
8Flag province namur.svg  Namur 23,800
9Flag of Hainaut.svg  Hainaut 22,100
10Unofficial flag of the Province of Luxembourg.svg  Luxembourg (Belgium) 21,800
Flag of Belgium (civil).svg  Belgium 37,300

See also

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References

  1. "Eurostat, Regions by GDP".
  2. "Eurostat, Regions by GDP per capita".