Macroeconomic Outlook Report - Belgium

Macroeconomic Outlook Report - Belgium

Summary

Financial intermediation, real estate, and business activities contributed 30.6% to the gross value added (GVA) in 2023, followed by mining, manufacturing, and utilities (17.8%) and wholesale, retail, and hotel activities (12.8%). In nominal terms, the three sectors are expected to grow by 3.8%, 3.0%, and 5.1%, respectively, in 2024.

Three major cities in Belgium accounted for 43.7% of the country’s population and 52.9% of GDP in 2023, according to GlobalData.

The BEL20 index exhibited a volatile trend over the past year. As of April 5, 2024, the index stood at 3,837.5, compared to 3,769.8 on April 5, 2023.

Scope

According to the World Bank, Logistics Performance Index (2023), Belgium ranked seventh out of 139 nations in 2023.

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.