Belgium
BEL · Europe & Central Asia · High income
This page brings together what Belgium means for an ETF portfolio: the economic picture from World Bank data, the 74 Belgium stocks we track, and the ETFs that actually give you exposure — with the country weight computed from real fund holdings, not estimated.
Economic indicators
| Year | GDP per capita (USD) | Real GDP growth (%) | Inflation rate (%) | Unemployment rate (%) |
|---|---|---|---|---|
| 2018 | 47,487 | 1.9 | 2.1 | 5.9 |
| 2019 | 46,717 | 2.4 | 1.4 | 5.4 |
| 2020 | 45,906 | -4.8 | 0.7 | 5.5 |
| 2021 | 51,658 | 6.3 | 2.4 | 6.2 |
| 2022 | 50,639 | 4.0 | 9.6 | 5.6 |
| 2023 | 55,245 | 1.6 | 4.0 | 5.5 |
| 2024 | 56,582 | 1.1 | 3.1 | 5.7 |
| 2025 | 60,750 | 1.0 | 2.5 | 5.9 |
Source: World Bank Open Data, licensed CC BY 4.0.
ETFs with the highest Belgium weight
Sum of the fund's individual holdings from this country — added up from published holdings, not estimated.
| ETF | Index | Weight | Holdings |
|---|---|---|---|
| State Street® SPDR® MSCI Europe Small Cap UCITS ETF SMC · IE00BKWQ0M75 | MSCI Europe Small Cap | 3.3 % | 26 |
| Xtrackers MSCI Europe Small Cap UCITS ETF 1c XXSC · LU0322253906 | MSCI Europe Small Cap | 3.3 % | 25 |
| State Street® SPDR® MSCI EMU UCITS ETF ZPRE · IE00B910VR50 | MSCI EMU | 3.2 % | 12 |
| Xtrackers MSCI EMU UCITS ETF 1d XD5E · LU0846194776 | MSCI EMU | 2.4 % | 11 |
| Xtrackers MSCI EMU UCITS ETF 4c XEMU · LU1920015366 | MSCI EMU | 2.4 % | 11 |
| iShares STOXX Europe 600 UCITS ETF (DE) EXSA · DE0002635307 | STOXX Europe 600 | 1.9 % | 17 |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) IMEA · IE00B4K48X80 | MSCI Europe | 1.8 % | 12 |
| State Street® SPDR® MSCI Europe UCITS ETF SPYE · IE00BKWQ0Q14 | MSCI Europe | 1.8 % | 12 |
Largest tracked stocks
74 stocks from Belgium are covered through our ETF holdings — these carry the highest single weight.
- ANHEUSER-BUSCH INBEV SA1.59 %
- Anheuser-Busch InBev SA/NV1.57 %
- argenx SE0.81 %
- KBC Group N.V.0.46 %
- KBC GROEP NV0.46 %
- Aedifica SA0.46 %
- AEDIFICA NV0.44 %
- ARGENXARGX · 0.44 %
- ACKERMANS & VAN HAAREN NV0.43 %
- Ackermans & van Haaren NV0.42 %
- Umicore SA0.38 %
- UCB S.A.0.38 %
- UCB SA0.38 %
- UMICORE SA0.37 %
- WAREHOUSES DE PAUW NV0.29 %
- Warehouses De Pauw SA0.28 %
- KBC Ancora SCA0.27 %
- ELIA GROUP SA0.27 %
- Elia Group SA/NV0.27 %
- KBC ANCORA NV0.26 %
All tracked stocks
17 names, ETF coverage on average in the 85.4th percentile of all stocks we cover. Sorted by ETF reach.
| Stock | Ticker | ETFs |
|---|---|---|
| Anheuser-Busch InBev SA/NV | ABI | 29 |
| argenx SE | ARGX | 29 |
| Elia Group SA/NV | ELI | 28 |
| Syensqo SA/NV | SYENS | 28 |
| ageas SA/NV | AGS | 28 |
| Groupe Bruxelles Lambert NV | GBLB | 27 |
| KBC Group N.V. | KBC | 27 |
| Sofina SA | SOF | 27 |
| Financiere de Tubize S.A. | TUB | 26 |
| UCB S.A. | UCB | 26 |
| Lotus Bakeries NV | LOTB | 24 |
| Ackermans & van Haaren NV | ACKB | 14 |
| Aedifica NV | AED | 14 |
| Umicore SA | UMI | 14 |
| Warehouses de Pauw NV | WDP | 13 |
| KBC Ancora SCA | KBCA | 11 |
| Dieteren (D) SA | DIE | 4 |
Other countries in this region
Austria
Switzerland
Germany
Denmark
Spain
Finland
France
United Kingdom
Greece
Ireland
Italy
Luxembourg
Netherlands
Norway
Related rates & economy
ECB policy rate Inflation in Germany and the euro area Government bond yields
In the Alysly network
How Belgium connects to ETFs, indices and neighbouring names — every link is a measured relation, not a recommendation.
- Anheuser-Busch InBev SA/NV Stock · domicile
- ageas SA/NV Stock · domicile
- argenx Stock · domicile
- Elia Group SA/NV Stock · domicile
- Groupe Bruxelles Lambert Stock · domicile
- KBC Group N.V. Stock · domicile
- Lotus Bakeries Stock · domicile
- Sofina Stock · domicile
- Syensqo SA/NV Stock · domicile
- Financiere de Tubize S.A. Stock · domicile
- UCB S.A. Stock · domicile