What is the GDP of Belgium?

Belgium's GDP is approximately $671.4 billion USD. The GDP growth rate is 1.1%.

What is the population of Belgium?

Belgium has a population of approximately 11.9 million people. The population growth rate is 0.7%.

What is the inflation rate in Belgium?

The inflation rate in Belgium is 3.1%.

What is the unemployment rate in Belgium?

The unemployment rate in Belgium is 5.9%.

What is the GDP per capita of Belgium?

Belgium's GDP per capita is approximately $56,615 USD.

Is Belgium a good country to invest in?

Belgium has an investment score of 80/100, classified as "Safe" risk. Key sectors include Pharmaceuticals, Chemicals, Logistics & Trade. Credit rating: NR.

How open is Belgium's economy to trade?

Belgium's trade openness (trade as % of GDP) is 159%. Exports total approximately $532.2B and imports $534.8B.

How much foreign investment does Belgium attract?

Foreign direct investment (FDI) in Belgium is -6.2% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Belgium?

Belgium's economy is composed of services (71% of GDP), industry (19% of GDP), and agriculture (1% of GDP).

Can I start a business in Belgium as a foreigner?

Belgium offers various options for foreign entrepreneurs. Visit our business setup guide for Belgium for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Belgium's economy growing?

Belgium's GDP growth rate is 1.1%. The economy is growing at a moderate pace.

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Belgium Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaHigh IncomeCapital: BrusselsBEL

Safe

Growing

671.4B USD

GDP (Nominal)

Growing at 1.1%

$56,615

GDP Per Capita

High income level

11.9M

Population

+0.7% annual growth

Stable

3.1%

Inflation

Moderate

159%of GDP

Trade Openness

-6.2%of GDP

FDI Inflows

Public Debt

High

5.9%

Unemployment

Deficit

-$2.6B

Trade Balance

GDP

Billion USD, nominal

$671.4B

2024+20.0B

GDP Growth

Annual %

1.1%

2024-0.6%

Inflation

Consumer prices, annual %

3.1%

2024-0.9%

Population

Millions

11.9M

2024+0.1M

Economic Structure

Services71%

Industry19%

Agriculture1%

Investment Score Breakdown

Economic Health (30%)80

Political Safety (25%)85

Business Climate (20%)78

Financial Strength (15%)76

Growth Potential (10%)72

Key Sectors

Pharmaceuticals

5.2% of GDP

growing

Chemicals

8.5% of GDP

stable

Logistics & Trade

12.8% of GDP

stable

Financial Services

6.2% of GDP

stable

Should I Invest in Belgium?

Strong BuySetup: DifficultROI: Moderate

Belgium scores 80/100 on the NationsData Investment Index, rated "Safe". Growth is subdued at 1.2%. Business setup takes approximately 138 days with a corporate tax rate of 25%.

Investment Score80/100

GDP Growth1.2%

Inflation2.8%

FDI/GDP3.5%

Public Debt105.2%

Political Stability0.6

Corporate Tax25%

Ease of Business#46

Strengths

+Exceptional political stability - low governance risk
+Favorable business climate with reasonable regulation
+Low inflation (2.8%) - stable pricing environment
+Highly trade-open economy (168.5%) - global market access
+100% foreign ownership allowed - no local partner required
+Zero capital gains tax

Risks

-Very high public debt (105.2% of GDP) - fiscal crisis risk
-High severance costs (4 weeks/year) - expensive to restructure

Best For

Pharmaceuticals (growing, score: 88)Premium services and luxury brandsDigital businesses and SaaS

Also Consider

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