- Language: English
- 65 Pages
- Published: March 2013
- Region: Belgium
Country Analysis Report - Belgium - In-depth PESTLE Insights
- Published: July 2011
- Region: Belgium
- 82 pages
The country analysis report on Belgium provides a wide array of analytical inputs to analyze the country’s performance, and the objective is to help the reader to make business decisions and prepare for the future. The report on Belgium analyzes the political, economic, social, technological, legal and environmental (PESTLE) structure of Belgium. The report provides a holistic view of Belgium from historical, current and future perspective. Insightful analysis on critical current and future issues is presented through detailed SCPT (strengths, challenges, prospects and threats /risks) analysis for each of the PESTLE segments. In addition, the PESTLE segments are supplemented with relevant quantitative data to support trend analysis. The PESTLE country analysis report series provides an in-depth analysis of 50 major countries.
Features and Benefits
- Understanding gained from the country analysis report on Belgium can be used to plan business investments or market entry apart from a holistic view of the country.
- Political section on Belgium provides inputs about the political system, key figures in the country, and governance indicators.
- Economic section on Belgium outlines the economic story of the country to provide a balanced assessment on core macro-economic issues.
- Social section on Belgium enables understanding of customer demographics through the income distribution, rural-urban segmentation and centers of affluence, healthcare and educational scenario in the country.
- Technological section on Belgium provides strategic inputs on information communications and technology, technological laws and policies, technological gaps, patents data and relevant laws.
- Legal section on Belgium provides information about the legal structure, corporate laws, business set-up procedures and the tax regime.
- Environmental section provides information on environmental policies in Belgium and the performance in terms of important environmental indicators.
PESTLE analysis of Belgium identifies issues that affect the country’s performance through the prism of current strengths (strengths), current challenges (weaknesses), future prospects (opportunities) and future risks (threats).
The political landscape discusses the evolution of the political scenario in Belgium in different periods. The economic, social, foreign and defense policies are considered in the political landscape section. It also discusses the performance of the country as per World Bank Governance Indicators.
The economic landscape describes the evolution of the economy of Belgium in different periods. It also examines the country’s performance in terms of GDP growth, composition by sector (agriculture, industry and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector and employment. The economic landscape also explains the financial system in the country, especially with regard to financial authorities/regulators.
The social landscape covers the demographics, education and healthcare scenario in Belgium. The social welfare policies of the government along with the country’s performance in terms of healthcare, income distribution and education are also provided.
The technological landscape discusses the structure and policies in terms of Intellectual property, research & development, technology agreements/pacts; and policies related to the promotion of technology in Belgium.
The legal landscape examines the structure of the judicial system, legislation affecting businesses, tax regulations, labor laws, trade regulations and corporate governance in Belgium.
The environmental landscape in Belgium discusses the environmental regulations and policies of the country. The performance of the country in terms of in terms of environmental indicators and impact of environmental policies is also examined.
"After the slump in economic growth during 2001–03, GDP growth picked up in 2005 because of an acceleration in domestic demand. The strong economic growth continued in 2006, when real GDP growth reached 2.9%. An increase in the real household disposable income, mainly due to the implementation of tax reforms, benefited private consumption. The acceleration in economic activity and increasing business confidence supported private investment growth. Although export expansion was still relatively weak in the first half of 2006, it was expected to contribute significantly to economic growth in the second half.
Belgium's economy maintained its growth during 2007 at 2.7%. The economic growth in 2007 was similar to that seen in the eurozone as a whole, where economies recorded growth in exports despite a slowdown in demand from the US, which was outweighed by an increase in demand from Europe, Asia, and the commodity-producing countries. In addition, rising corporate profitability and improvements in the labor market gave a significant boost to domestic investment and consumption. In the second half of 2007, however, economic growth was moderate. The turmoil in the global financial market, appreciation of the euro, and steep increase in the prices of energy and agricultural commodities led to an economic slowdown. The slowdown continued during 2008 as external factors deteriorated further. The Belgian economy recorded growth of 1% that year. The country went into recession in 2009, with the economy contracting by 2.8%. The Belgian economy recovered in 2010 to register a growth rate of 2.1%
Your key questions answered
- What is the outlook in terms of political stability, policies towards businesses, external front and popularity of government in Belgium?
- What is the economic performance of Belgium in terms of GDP growth, fiscal situation, international investment position, monetary situation, credit disbursement, and employment among other economic indicators?
- What is the performance of Belgium in terms of healthcare, income distribution and education?
- What is the performance of Belgium in technology intensive sectors like telecommunications and information technology, patents and R&D expenditure trends?
- What is the legal structure in Belgium and are the laws conducive for investment?
- What is the performance of Belgium in terms of environmental indicators and impact of environmental policies? SHOW LESS READ MORE >
TABLE OF CONTENTS
Key Facts and Geographical Location 10
Key facts 10
Geographical location 11
PESTLE Analysis 12
Political analysis 13
Economic analysis 17
Social analysis 20
Social analysis 20
Technological analysis 23
Legal analysis 27
Environmental analysis 30
Political Landscape 33
Structure and policies 36
Structure and policies 36
Economic Landscape 44
Structure and policies 46
Social Landscape 60
Structure and policies 60
Technological Landscape 66
Structure and policies 66
Legal Landscape 73
Structure and policies 73
Environmental Landscape 78
Structure and policies 78
Environmental impact 80
Ask the analyst 82
Datamonitor consulting 82
TABLE OF FIGURES
Figure 1: Map of Belgium 11
Figure 2: Belgium – key political events since independence 34
Figure 3: Key political figures in Belgium 36
Figure 4: Structure of government 37
Figure 5: Belgium Chamber of Representatives composition, 2010 39
Figure 6: Belgium’s historical GDP growth, 1991–2010 46
Figure 7: GDP and GDP growth rate in Belgium, 2004–14 49
Figure 8: GDP composition by sector, 2010 50
Figure 9: Agricultural output of Belgium, 2005–10 51
Figure 10: Industrial output of Belgium, 2005–10 52
Figure 11: Service output of Belgium, 2005–10 53
Figure 12: External trade of Belgium, 2006–10 55
Figure 13: Consumer price index and index-based inflation in Belgium, 2004–14 57
Figure 14: Employment and growth rate in Belgium, 2004–14 59
Figure 15: Expenditure on healthcare in Belgium, 2002–13 64
Figure 16: Government’s expenditure on education in Belgium, 2002–13 65
Figure 17: Growth rate of mobile and fixed-line subscribers in Belgium, 2002–13 68
Figure 18: Internet users and growth rate in Belgium, 2002–13 69
Figure 19: Expenditure on R&D in Belgium, 2000–10 72
Figure 20: Belgium’s judicial structure 74
Figure 21: Carbon dioxide emissions in Belgium, 2002–10 80
TABLE OF TABLES
Table 1: Belgium – key fundamentals 5
Table 2: Belgium – key facts 10
Table 3: Analysis of Belgium’s political landscape 13
Table 4: Analysis of Belgium’s economy 17
Table 5: Analysis of Belgium’s social system 20
Table 6: Analysis of Belgium’s technology landscape 23
Table 7: Patents granted by the US Patent and Trademark Office, 2000–10 25
Table 8: Analysis of Belgium’s legal landscape 27
Table 9: Analysis of Belgium’s environmental landscape 30
Table 10: Mid-year population by age (million), 2010 61
Table 11: Individual income tax rates in Belgium, 2011 75