Services Sector Contribution to GDP in Belgium (1995-2022)

Belgium’s services sector showed consistent growth from 62.8% in 1995 to 69.7% in 2020, largely driven by the country’s role as an EU and NATO headquarters and a robust financial sector. The rise reflects Belgium’s shift from manufacturing to services as the economy modernized. The peak in 2020 aligns with the pandemic, where services, particularly in healthcare, saw increased demand. Despite slight fluctuations, the sector remained around 69% post-pandemic, highlighting the stability of services in Belgium’s economy.