Belgium PESTLE Insights - A Macroeconomic Outlook Report

Belgium PESTLE Insights - A Macroeconomic Outlook Report

Summary

According to GlobalData estimates, in 2022, financial intermediation, real estate and business activities contributed 30.8% towards GVA, followed by mining, manufacturing and utilities (17.7%), and wholesale, retail, hotels (12.7%). The three sectors are forecast to grow by 3.8%, 2.4%, and 4.1%, respectively, in 2023.

The Flemish region is among the best performing regions in Belgium. It contributed 59% of GDP and comprised 57.7% of the Belgian population in 2021, according to EuroStat.

The BEL20 Index exhibited a volatile trend over past year. As of February 14, 2023, the Index stood at 3,914.2, compared to 4,004.9 on February 14, 2022.

Scope

• As of June 2022, Belgium would receive EUR120 million ($126.4 million) from the European Union for infrastructure projects

• 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.