Gross domestic product per capita
Gross domestic product per capita is increasing year on year
GDP per capita is increasing except for 2008 and 2009, during the financial and economic crisis. And 2013 and 2016 saw only a weak increase. Still, per capita GDP in 2019 is more than 44% higher than in 2003.
Commuting has a powerful impact on the GDP of the regions
In Belgium, GDP per capita is highest in the Brussels-Capital Region (60,700 euro PPS in 2019), mainly due to the establishment of major administrative and business headquarters. This is followed by the Flemish Region (37,600 euro PPS). GDP per capita is lowest in the Walloon Region (26,500 euro PPS). Belgium as a whole has a GDP per capita of 36,600 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, although their income comes to the credit of their place of residence. In contrast to many other countries, commuting in Belgium is much more common between the various regions. This is because the Brussels-Capital Region is relatively small compared to other capital regions.
If we assign commuters’ employment to their place of residence, a more realistic comparison with other countries can be made. In the Flemish Region, GDP taking into account commuter movements amounts to 40,100 euro PPS, which is 7% 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 40% lower there.
Flemish GDP per capita among the top half of the European Union
In 2019, GDP per capita (without a correction for commuter movements) in the Flemish Region was higher than the European Union average (31,900 euro PPS). The top countries are Luxembourg (79,200 euro PPS) and Ireland (60,600 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 its neighbours, the Netherlands or Germany, but higher than that of the United Kingdom and France. Bulgaria is at the bottom of the ranking with 16,400 euro PPS, which is nearly one fifth of the Luxembourg PPS.
Gross Domestic Product: the market value of the final goods and services sold in a given country or region in one year.
Purchasing Power Standard: the expression of a monetary aggregate in euro PPS enables a correct international comparison to compensate for price differences for the same goods and services between countries.