Gross domestic product per capita

Gross domestic product (open definition) (GDP) per capita for the Flemish Region in 2024 is estimated at 47,300 euro Purchasing Power Standard (open definition) (PPS). In 2021, GDP per capita recovered from the COVID-19 crisis. That recovery continued in the following 3 years.

In Belgium, the estimated GDP per capita in 2024 is highest in the Brussels-Capital Region (76,300 euro PPS), mainly due to the establishment of important administrative and business headquarters that give an additional boost to GDP. The Flemish Region reaches 47,300 euro PPS. GDP per capita is lowest in the Walloon Region (33,400 euro PPS).

In Belgium, many Flemish and Walloon residents commute to the Brussels-Capital Region. By doing so, they contribute to the GDP of the Brussels region. In contrast to many other countries, commuting in Belgium is much more common between the distinctive regions. This is because the Brussels-Capital Region is relatively small compared to other capital regions.

Attributing commuters’ labour to their place of residence gives a more realistic picture of GDP for better comparison with other countries. In the Flemish Region, GDP taking into account commuter movements is estimated to amount to 50,200 euro PPS in 2024, which is 6% higher than in the traditional calculation without commuter movements. GDP of the Walloon Region would even be 13% higher. These calculations come at the expense of the Brussels-Capital Region. The GDP per capita with a correction for commuting is 38% lower than in the traditional calculation.

In 2021, the GDP per capita (without a correction for commuter movements) in the Flemish Region was higher than the European Union average (EU27: 32,700 euro PPS). The top countries were Luxembourg (78,000 euro PPS) and Ireland (72,000 euro PPS). They perform very well because of the establishment of important administrative and business headquarters.

The Flemish Region’s GDP per capita is lower than that of the Netherlands but slightly higher than in Germany, and higher than that of France. Bulgaria is at the bottom of the ranking with 18,500 euro PPS, which is one fifth of the Luxembourg GDP. The estimates and projections for 2022, 2023 and 2024 indicate an increase in GDP figures for all countries. There are no major shifts in the ranking.