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The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
Belgium's GDP reflects steady growth from $12.6 billion in 1961 to $632.2 billion in 2023, supported by its strategic location and role in international trade. The 1960s and 1970s marked industrial expansion, with GDP reaching $126.8 billion in 1980. The 1980s brought slower growth due to global economic challenges, but by 1990, GDP had risen to $205.3 billion, buoyed by modernization.
Joining the EU and adopting the euro catalyzed further growth in the 2000s, peaking at $523.3 billion in 2011. The 2008 financial crisis caused a temporary contraction, but recovery saw GDP exceed $600 billion by 2021, driven by robust exports and technological advancements.
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