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Belgium

Belgium : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$355.1 billion (2011 est.)
$284.4 billion (2010 est.)

Exports

$344.9 billion (2011 est.)
$279.7 billion (2010 est.)

Inflation rate (consumer prices)

3.5% (2011 est.)
2.3% (2010 est.)

Unemployment rate

7.7% (2011 est.)
8.3% (2010 est.)

GDP - per capita (PPP)

$38,200 (2011 est.)
$37,900 (2010 est.)
$37,400 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

2.1% (2010 est.)
-2.7% (2009 est.)
0.8% (2008 est.)

Internet users

8.113 million (2009)

Telephones - mobile cellular

12.154 million (2009)

Population growth rate

0.061% (2012 est.)

Population

10,438,353 (July 2012 est.)

Historical background

Belgium became independent from the Netherlands in 1830; it was occupied by Germany during World Wars I and II.

The country prospered in the past half century as a modern, technologically advanced European state and member of NATO and the EU.

Tensions between the Dutch-speaking Flemings of the north and the French-speaking Walloons of the south have led in recent years to constitutional amendments granting these regions formal recognition and autonomy.

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Belgium

Economic overview

This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base.

Industry is concentrated mainly in the more heavily-populated region of Flanders in the north.

With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to volatility in world markets, yet also able to benefit from them.

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The Economist Intelligence Unit

Country Forecast Belgium August 2017 Updater

  • $ 559
  • Country report
  • August 2017
  • by The Economist Intelligence Unit

The four-party centre-right government that took office in October 2014 is dominated by Flemish parties and for the first time includes the separatist New-Flemish Alliance (N-VA). The government's fiscal ...

  • Countries : Belgium

ISA

Belgium - ISA Country Report

  • $ 99
  • Country report
  • August 2017
  • by ISA

This report contains detailed forecasts and analysis for Belgium, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...

  • Countries : Belgium

Lucintel

Macroeconomic Opportunities and PESTLE Analysis of Belgium 2017

  • $ 750
  • Country report
  • July 2017
  • by Lucintel

Belgium economy is dominated by the service sector, which contributed approximately 79.5% to the total GDP in 2016. Wholesale & retail trade is the major contributing 17.4% of GDP. The government of Belgium ...

  • Countries : Belgium

Oxford Economics

By Country Industry Forecasts > Belgium

  • $ 220
  • Country report
  • June 2017
  • by Oxford Economics

Key Features: Broad Country and Industry Coverage. The service covers 68 countries across Europe, Asia, the Americas, the Middle East and Africa, where 85% of world business is conducted. Up to 85 manufacturing ...

  • Countries : Belgium

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