Belgium Stock Market Cap to GDP stands at 59.17% as of December 2018, down from 87.40% a year earlier. The reading sits in the 68th percentile of its history back to 1975.
| Latest (December 2018) | 59.17% |
| One year ago | 87.40% |
| 10-year range | 32.32% – 89.92% |
| All-time range | 7.91% (1980) – 97.04% (2006) |
| Standing | Lowest since 2011 |
| Change over 5 years | −12.3 pts — peaked at 89.92% in 2015 |
| Percentile vs. full history | 68th |
| History | 1975–2018 (44 observations) |
Belgium's total stock-market capitalization as a percentage of GDP - the per-country version of the so-called Buffett indicator. Because listed-market depth differs hugely across countries, the level only means something against Belgium's own history: well above its historical range suggests a rich market, well below suggests a cheap one. Annual World Bank data, so it moves slowly - which is exactly why it anchors the valuation pillar of the tailwinds score rather than trying to time anything.
<iframe src="https://www.tacticalassetallocation.com/charts/belgium-market-cap-gdp/embed.html" width="800" height="360" loading="lazy" style="border:1px solid #ddd;border-radius:8px"></iframe>
<a href="https://www.tacticalassetallocation.com/charts/belgium-market-cap-gdp/">Belgium Stock Market Cap to GDP — Cambria Chart Lab</a>
Data: download CSV (source: World Bank World Development Indicators).