+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)


PESTLE Insights: Belgium - Macroeconomic Outlook Report

  • ID: 4751674
  • Country Profile
  • February 2020
  • Region: Belgium
  • 41 Pages
  • MarketLine
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.


  • CMB
  • Motum
  • Umicore
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PESTLE Insights: Belgium - Macroeconomic Outlook Report


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

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.

  • 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.
Note: Product cover images may vary from those shown


  • CMB
  • Motum
  • Umicore
Table of Contents
  • List of Exhibits
  • Did you Know?
  • Country Highlights
  • Country Snapshot
  • PESTLE Insights
  • Political Landscape
  • Economic Landscape
  • Social Landscape
  • Technological Landscape
  • Legal Landscape
  • Environmental Landscape
  • Outlook

List of Figures
Exhibit 1: Belgium’s Performance in Country Risk Analysis in Comparison to Western Europe and the World Average
Exhibit 2: Performance Overview (Score: 1-100)
Exhibit 3: Broad Categories and Weights behind the Index
Exhibit 4: Belgium Stock Market (BEL 20 (^BFX)), January 2019 - January 2020
Exhibit 5: Key Sectors Contribution to the Economy
Exhibit 6: FDI Inflows in Belgium (2015-18) and FDI Share by Sector (2015-18)
Exhibit 7: Investment by Region and Country (2018)
Exhibit 8: Key Infrastructure Indicators
Exhibit 9: Real GDP and Household Consumption Growth Rate, 2015-22f
Exhibit 10: Real GDP Growth Rate Comparison (2019e)
Exhibit 11: Export, Import and Trade Balance, 2015-22f
Exhibit 12: Current Account Balance, 2015-22f
Exhibit 13: Top Three Commodity Exports, % of Total Exports, 2014-2018
Exhibit 14: Vehicles, % of World Total, 2018
Exhibit 15: Interest Rates, 2012-2020
Exhibit 16: Exchange Rate and Inflation, 2015-22f
Exhibit 17: Public Finance, 2015-22f
Exhibit 18: General Government Debt, 2015-22f
Exhibit 19: Employment/Unemployment, 2015-22f
Exhibit 20: Average Annual Wages, 2015-22f
Exhibit 21: Labour Cost Index, 2015-22f
Exhibit 22: Rural/Urban Share in Total Population- 1995,2005,2015,2025
Exhibit 23: Age-group Share of Total Population- 1995,2005,2015,2025
Exhibit 24: Gender Split - 1995,2005,2015,2025
Exhibit 25: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate, 2018
Exhibit 26: Number of Patents Granted Per Mn population, 2019
Exhibit 27: High-technology Exports (% of manufactured exports), 2018
Exhibit 28: Doing Business in Belgium 2020
Exhibit 29: Corruption Perception Index (Rankings) 2019
Exhibit 30: CO2 Emissions, 2012-17
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • CMB
  • Motum
  • Umicore
Note: Product cover images may vary from those shown