Summary
PESTLE Insights: Belgium - Macroeconomic Outlook Report Summary Financial intermediation contributed 29.2% to the gross value added (GVA) in 2019, followed by other services (24.7%) and mining, manufacturing and utilities (16.6%). In nominal terms, the three sectors are forecast to grow by 3.1%, 4% and 2.4%, respectively in 2020. The Flemish region is among best performing regions in Belgium. It contributed 59.2% to GDP and comprised 57.5% of the Belgian population in 2017. In 2018, Belgium witnessed a massive turnaround in its investments in services and manufacturing sectors Scope - Belgium ranked third out of 160 nations in the World Bank’s logistics performance index (LPI) in 2018. - Rising trend of the BEL 20 (^BFX) index over last year exhibits progress of the economy. - As of January 21, 2019, BEL 20 (^BFX) index stood at 3,482.6, compared to 4,010.3 on January 20, 2020. Reasons to buy - Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure. - PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations - Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business. - This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
