🇧🇪
Belgium
BEL · EUR · 11.8M pop. · Rank #114
…Watchlist
Rating
B
Health Score™
43.1
Data source:
GDP
$0.89T
GDP Growth
+1.3%
Inflation
1.8%
Debt / GDP
122.3%
Fiscal Bal.
-5.8%
Reserves
—
Debt / GDP · history
37-year trend
▲ 0.0 (90d)
Debt Sustain.38
Fiscal Discipline40
Transparency75.4
Reserves35
ESG Readiness50
Governance77.4
Revenue Stab.60
Inst. Strength74
Risk profile · 6-axis
AI Executive Summary
- Debt-to-GDP 122.3% — elevated.
- Fiscal balance -5.8%.
- Inflation 1.8% · Governance 77.4/100.
Treasury & Market Data · Live
BEL sovereign rates & fiscal series
European Central Bank· 2026-09-16
GOV_BOND_10Y
European Central Bank
10Y Sovereign Bond Yield
3.76%
as of 2026-08-01 · 12 pts
ECB_MRR
European Central Bank
ECB Main Refinancing Rate
2.65%
as of 2026-09-16 · 2 pts
Live News & Official Statements
BEL treasury & central bank feeds
No live items yet for BEL.
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Debt Sustainability Analysis
Debt Sustainability Analysis
DSA · TreasuryMarketCap™ model
Gross debt / GDP
103.9%
Net debt / GDP
90.4%
Primary balance
-2.3%
Implicit rate
2.21%
Nominal growth
5.5%
Debt-stabilising PB
-3.19%
consolidation needed
Projected 1Y debt
103.0%
Projected 5Y debt
99.5%
- r−g = -3.2 pp — favourable debt dynamics; nominal growth outpaces borrowing costs.
- Gross debt at 104% of GDP is in the high-risk zone; rollover risk is elevated.
Redemption Profile · Maturity Wall
Upcoming debt maturities (USD bn)
No maturity data.
Document Intelligence
No document intelligence available yet for Belgium.
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Regional peers · Europe
Open comparison →| Country | Health | Gov | Debt/GDP | Growth | Risk |
|---|---|---|---|---|---|
| 🇧🇪Belgium | 43.1 | 77.4 | 122.3% | +1.3% | Watchlist |
| 🇮🇪Ireland | 85.2 | 83.3 | 34.2% | +12.4% | Excellent |
| 🇩🇰Denmark | 81.9 | 88.8 | 35.5% | +2.9% | Strong |
| 🇳🇴Norway | 75.3 | 87.6 | 49.1% | +1.1% | Strong |
| 🇨🇭Switzerland | 73.3 | 86.7 | 41.4% | +1.3% | Strong |
| 🇱🇺Luxembourg | 72.7 | 87.5 | 32.2% | +0.6% | Strong |