PESTLE Insights: Belgium - Macroeconomic Outlook Report

PESTLE Insights: Belgium - Macroeconomic Outlook Report

Summary

Flemish region is among best performing regions in Belgium. It solely contributed 58.7% to GDP and comprised 57.6% of the Belgian population in 2016

Americas region was leading investor in Belgium with FDI inflows of US$7.3bn, while most European nations divested from the country

Financial intermediation contributed 29.3% to the gross value added (GVA) in 2017, followed by other services (24.3%) and mining, manufacturing and utilities (16.7%). In nominal terms, the three sectors grew by 3.0%, 5.0% and 3.8%, respectively in 2018, as per GlobalData estimates.

Key Highlights

Rising trend of the BEL 20 (^BFX) index over last one year exhibits progress of the economy. As of January 17, 2018, BEL 20 (^BFX) index stood at 3,429.7, compared to 4,148.6 on January 17, 2019.

Scope

- Belgium ranked third out of 160 nations in the World Bank's logistics performance index (LPI) in 2018

- Several firms, along with funding from European Commission (EC), have invested US$1.5bn in 54 transport projects out of 114 eligible proposals under the Connecting Europe Facility during 2014-2017.

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.