The Belgian Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016

Synopsis

This report is the result of ICD’s extensive market and company research covering the Belgian defense industry. It provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Summary

Why was the report written?
The Belgian Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016 offers the reader insights into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Belgian defense industry.

What is the current market landscape and what is changing?
The Belgian defense budget recorded a CAGR of -0.61%, driven by the implementation of defense plans to counter potential terrorist threats and participation in peacekeeping initiatives. The defense budget, which stood at 0.7% of GDP in 2011, is expected to decrease to 0.6% of GDP by 2016, due to defense budget cuts announced by the Belgian government. During the review period, capital expenditure allocation stood at an average of 22.4% of the total defense budget, and throughout the forecast period, this is expected to increase to an average of 24.6%. In addition to this, the defense budget’s share of revenue expenditure is expected to reduce from an average of 77.6% in the review period, to an average of 75.4% in the forecast period.

What are the key drivers behind recent market changes?
By 2016, Belgium is expected to invest in the modernization and acquisition of its weapons systems in the areas of Navy and R&D-related defense capabilities such as Sensors, Earth Observations and Multi-Robot Systems. These are the fundamental drivers in the Belgian defense market.

What makes this report unique and essential to read?
The Belgian Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016 provides detailed analysis of the current industry size and growth expectations from 2011 to 2016, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.

Scope

Feature 1:
The report provides detailed analysis of the current industry size and growth expectations from 2011 to 2016, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.

Feature 2:
The report includes trend analysis of imports and exports, together with its implications and impact on the Belgian defense industry.

Feature 3:
The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

Feature 4:
The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances and strategic initiatives.

Feature 5:
The report helps the reader to understand the competitive landscape of the defense industry in Belgium. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives and a brief financial analysis.

Reasons to Buy

The report looks at historical performance as well as future industry projections using the in-house model. The report is a mixture of graphs, charts, tables and text in an effort to give the reader the maximum possible information in the most efficient and visually appealing manner.

The report helps marketing agencies in the industry to promote their business by aligning their capabilities and business practices with their customers’ changing needs, while it also helps suppliers to benchmark their efforts with those of their competitors.

The report uncovers the business outlook, key challenges, and opportunities identified by suppliers and buyers, enabling industry stakeholders to understand the business sentiment prevailing in the industry.

Key Highlights

Highlight 1: Belgium is an active participant in both NATO (North Atlantic Treaty Organization) and the UN (United Nations) peacekeeping missions and counter terrorist measures and these have stimulated defense expenditure during the review period. In the forecast period, peacekeeping activities will continue to be a factor behind increasing defense expenditure

Highlight 2: During 2005–2010, due to its large investment in advanced technology and R&D, Belgium was the world’s fifteenth-largest exporter of arms. In this period, defense equipment exports have shown moderate growth, supported by an increase in exports to Bulgaria and Jordan. During the forecast period it is expected that Belgium’s defense exports will increase as the global economy recovers.

Highlight 3: The government does not pose barriers for FDI entry into the market and there are no restrictions on the takeover of domestic companies by foreign companies. The offset mandated by the government is an important factor when defense suppliers consider contracts and Belgium’s offset range of 100% enables the country to acquire advanced technology and stimulate business opportunities

Highlight 4: Due to the defense budget cuts in the forecast period, defense imports are expected to decline. During 2005–2010, out of Belgium’s total defense equipment imports, 52.7% were from the Netherlands, due to the strong military relationship between the two countries, and 41.4% were from other European countries, such as Italy, France and Portugal.

Highlight 5: During the review period, Belgium’s equipment expenditure experienced a CAGR of 5.18%, and this is expected to increase during the forecast period and register a CAGR of 5.48%. From 2013, equipment expenditure is expected to increase and reach US$762 million by 2016.

Contents

1 INTRODUCTION

1.1 What is this Report About?
1.2 Definitions
1.3 Summary Methodology
1.4 ICD Research Terrorism Index
1.5 About ICD Research
1.6 About Strategic Defence Intelligence (www.strategicdefenceintelligence.com)

2 EXECUTIVE SUMMARY

3 MARKET ATTRACTIVENESS AND EMERGING OPPORTUNITIES

3.1 Defense Market Size Historical and Forecast
  3.1.1 Defense expenditure expected to register a CAGR of 2.77% over the forecast period
  3.1.2 Peacekeeping operations and the threat of terrorism drives defense spending
3.2 Analysis of Defense Budget Allocation
  3.2.1 Majority of defense budget allocated for revenue expenditure
  3.2.2 In the forecast period defense expenditure as a percentage of GDP will be 0.6%
  3.2.3 Per capita defense spend to increase during the forecast period
  3.2.4 Share of equipment expenditure in capital expenditure budget to increase during the forecast period
  3.2.5 Increase in equipment expenditure likely during the forecast period
  3.2.6 Budget allocation for other capital expenditure to register a CAGR of 2.77% during the forecast period
  3.2.7 Share of personnel expenditure in revenue budget to decline during the forecast period
  3.2.8 Personnel expenditure to decline and register a CAGR of 1.87% during the forecast period
  3.2.9 Operations and other expenditure to register a CAGR of 3.08% during the forecast period
3.3 Homeland Security Market Size and Forecast
  3.3.1 Homeland security budget to decline during the forecast period
  3.3.2 Linguistic conflicts, drug trafficking and cyber security are main homeland security concerns
  3.3.3 Belgium experienced low terror activity during the review period
3.4 Benchmarking with Key Global Markets
  3.4.1 Belgium’s defense budget to marginally improve during the forecast period
  3.4.2 Belgian military expenditure is limited compared to other countries
  3.4.3 Belgium allocates a lower percentage of GDP towards defense compared to other NATO members
  3.4.4 Belgium ranked fifteenth among leading arms exporting countries from 2005–2010
3.5 Market Opportunities: Key Trends and Growth Stimulators
  3.5.1 Increasing demand for Seastar and Gatekeeper sensors
  3.5.2 Enhancing Earth Observation (EO) capabilities will provide market opportunities
  3.5.3 Demand for Networked Multi-Robot Systems expected
  3.5.4 NH90 helicopter program will provide business opportunities

4 DEFENSE PROCUREMENT MARKET DYNAMICS

4.1 Import Market Dynamics
  4.1.1 Defense imports expected to remain at 2010 levels during 2011-2016
  4.1.2 During 2005–2010, the majority of imports were from Netherlands
  4.1.3 Ships and armored vehicles constitute the majority of Belgium’s arms imports
4.2 Export Market Dynamics
  4.2.1 Defense exports fluctuated widely during 2005-2010
  4.2.2 Bulgaria, Jordan and Chile are the largest importers of Belgium arms
  4.2.3 Ships, aircraft and armored vehicles account for the majority of exports

5 INDUSTRY DYNAMICS

5.1 Five Forces Analysis
  5.1.1 Bargaining power of supplier: low to medium
  5.1.2 Bargaining power of buyer: high
  5.1.3 Barrier to entry: medium
  5.1.4 Intensity of rivalry: low to high
  5.1.5 Threat of substitution: low to medium

6 MARKET ENTRY STRATEGY

6.1 Market Regulation
  6.1.1 Offset policy aids development of domestic defense industry
  6.1.2 Belgium permits 100% FDI in defense industry
6.2 Market Entry Route
  6.2.1 Joint weapons development program, a viable market entry route
  6.2.2 Subsidiaries provide market entry opportunities
  6.2.3 Acquisition of domestic companies enables entrance to market
6.3 Key Challenges
  6.3.1 Defense budget cuts will impact negatively on defense companies
  6.3.2 Preference to EU companies poses a challenge for non-European companies

7 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

7.1 Competitive Landscape Overview
7.2 Key Domestic Companies
  7.2.1 FN Herstal: overview
  7.2.2 FN Herstal: products and services
  7.2.3 FN Herstal: recent announcements and strategic initiatives
  7.2.4 FN Herstal: alliances
  7.2.5 FN Herstal: recent contract wins
  7.2.6 FN Herstal: financial analysis
  7.2.7 Sonaca SA: overview
  7.2.8 Sonaca SA: products and services
  7.2.9 Sonaca SA: recent announcements and strategic initiatives
  7.2.10 Sonaca SA: alliances
  7.2.11 Sonaca SA: recent contract wins
  7.2.12 Sonaca SA: financial analysis
  7.2.13 Cockerill Maintenance & Ingénierie SA: overview
  7.2.14 Cockerill Maintenance & Ingénierie SA: products and services
  7.2.15 Cockerill Maintenance & Ingénierie SA: recent announcements and strategic initiatives
  7.2.16 Cockerill Maintenance & Ingénierie SA: alliances
  7.2.17 Cockerill Maintenance & Ingénierie SA: recent contract wins
  7.2.18 Cockerill Maintenance & Ingénierie SA: financial analysis
  7.2.19 SABCA Group: overview
  7.2.20 SABCA Group: products and services
  7.2.21 SABCA Group: recent announcements and strategic initiatives
  7.2.22 SABCA Group: alliances
  7.2.23 SABCA Group: recent contract wins
  7.2.24 SABCA Group: financial analysis
  7.2.25 Barco: overview
  7.2.26 Barco: products and services
  7.2.27 Barco: recent announcements and strategic initiatives
  7.2.28 Barco: alliances
  7.2.29 Barco: recent contract wins
  7.2.30 Barco: financial analysis
  7.2.31 Asco Industries: overview
  7.2.32 Asco Industries: products/services
  7.2.33 Asco Industries: recent announcements and strategic initiatives
  7.2.34 Asco Industries: alliances
  7.2.35 Asco Industries: recent contract wins
  7.2.36 Asco Industries: financial analysis
7.3 Key Foreign Companies
  7.3.1 Mecar SA: overview
  7.3.2 Mecar SA: products and services
  7.3.3 Mecar SA: recent announcements and strategic initiatives
  7.3.4 Mecar SA: alliances
  7.3.5 Mecar SA: recent contract wins
  7.3.6 Mecar SA: financial analysis
  7.3.7 Alcatel-Lucent Belgium: overview
  7.3.8 Alcatel-Lucent Belgium: products and services
  7.3.9 Alcatel-Lucent Belgium: recent announcements and strategic initiatives
  7.3.10 Alcatel-Lucent Belgium: alliances
  7.3.11 Alcatel-Lucent Belgium: recent contract wins
  7.3.12 Alcatel-Lucent Belgium: financial analysis
  7.3.13 Thales Belgium: overview
  7.3.14 Thales Belgium: products and services
  7.3.15 Thales Belgium: recent announcements and strategic initiatives
  7.3.16 Thales Belgium: alliances
  7.3.17 Thales Belgium: recent contract wins
  7.3.18 Thales Belgium: financial analysis
  7.3.19 Northrop Grumman Belgium: overview
  7.3.20 Northrop Grumman Belgium: products and services
  7.3.21 Northrop Grumman Belgium: recent announcements and strategic initiatives
  7.3.22 Northrop Grumman Belgium: alliances
  7.3.23 Northrop Grumman Belgium: recent contract wins
  7.3.24 Northrop Grumman Belgium: financial analysis

8 BUSINESS ENVIRONMENT AND COUNTRY RISK

8.1 Business Confidence
  8.1.1 Business confidence indicator
  8.1.2 Market capitalization trend - NYSE Euronext (Europe)
  8.1.3 FDI inflows
8.2 Economic Performance
  8.2.1 GDP at constant prices (US dollars)
  8.2.2 GDP per capita at constant prices (US dollars)
  8.2.3 GDP at current prices (US dollars)
  8.2.4 GDP per capita at current prices (US dollars)
  8.2.5 GDP split by key sectors
  8.2.6 Agriculture net output at current prices (Euro)
  8.2.7 Agriculture net output at current prices (US dollars)
  8.2.8 Agriculture net output at current prices as percentage of GDP
  8.2.9 Manufacturing net output at current prices (Euro)
  8.2.10 Manufacturing net output at current prices (US dollars)
  8.2.11 Manufacturing net output at current prices as percentage of GDP
  8.2.12 Mining, manufacturing and utilities net output at current prices (Euro)
  8.2.13 Mining, manufacturing and utilities at current prices (US dollars)
  8.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
  8.2.15 Construction net output at current prices (Euro)
  8.2.16 Construction net output at current prices, (US dollars)
  8.2.17 Construction net output at current prices as a percentage of GDP
  8.2.18 Crude steel production
  8.2.19 Crude oil consumption
  8.2.20 Inflation rate
  8.2.21 Fiscal balance as a percentage of GDP
  8.2.22 Current account balance as a percentage of GDP
  8.2.23 Exports as a percentage of GDP
  8.2.24 Imports as a percentage of GDP
  8.2.25 Exports growth
  8.2.26 Imports growth
  8.2.27 Annual average exchange rate US$–EUR
  8.2.28 End of the period exchange rate US$–EUR
8.3 Infrastructure Quality and Availability
  8.3.1 Total airports and sea ports
  8.3.2 Railways and roadways
  8.3.3 Passenger vehicle production volume
  8.3.4 Commercial vehicle production volume
  8.3.5 Automotive components exports trend
  8.3.6 Automotive components imports trend
  8.3.7 Passenger car penetration
  8.3.8 Total installed capacity for electricity generation
  8.3.9 Installed capacity for the generation of conventional thermal electricity
  8.3.10 Electricity production
  8.3.11 Installed capacity for hydro–electricity generation
  8.3.12 Installed capacity for renewable electricity generation
  8.3.13 Electricity consumption
  8.3.14 Electricity exports
  8.3.15 Electricity imports
  8.3.16 Healthcare expenditure
  8.3.17 Healthcare expenditure as percentage of GDP
  8.3.18 Healthcare expenditure per capita
  8.3.19 Total internet subscribers
  8.3.20 Broadband internet subscribers
  8.3.21 Personal computer penetration rate
  8.3.22 Mobile phone penetration rate
  8.3.23 R&D expenditure as a percentage of GDP
8.4 Labor Force
  8.4.1 Labor force
  8.4.2 Unemployment rate
8.5 Demographics
  8.5.1 Annual disposable income
  8.5.2 Annual per capita disposable income
  8.5.3 Annual consumer expenditure on food
  8.5.4 Annual per capita consumer expenditure on food
  8.5.5 Total population
  8.5.6 Urban and rural population
  8.5.7 Female percentage of population
  8.5.8 Male percentage of population
  8.5.9 Mean age of population
  8.5.10 Median age of population
  8.5.11 Population density
  8.5.12 Age distribution of the total population
  8.5.13 Age distribution of the male population
  8.5.14 Age distribution of the female population
  8.5.15 Number of households
8.6 Political and Social Risk
  8.6.1 Political stability
  8.6.2 Terrorism index
  8.6.3 Transparency index

9 APPENDIX

9.1 Contact Us
9.2 About ICD Research
9.3 Disclaimer

LIST OF TABLES

Table 1: Belgian Defense Expenditure, 2007–2011
Table 2: Belgian Defense Expenditure, 2012–2016
Table 3: Belgian Defense Budget Split Between Capital and Revenue Expenditure(%), 2007–2011
Table 4: Belgian Defense Budget Split Between Capital and Revenue Expenditure (%), 2012–2016
Table 5: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as a Percentage of GDP Growth, 2007–2011
Table 6: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as a Percentage of GDP Growth, 2012–2016
Table 7: Belgian Per Capita Defense Spend (US$), 2007–2011
Table 8: Belgian Per Capita Defense Spend (US$), 2012–2016
Table 9: Belgian Capital Budget Allocations (%), 2007–2011
Table 10: Belgian Capital Budget Allocations (%), 2012–2016
Table 11: Belgian Equipment Expenditure (US$ billion), 2007–2011
Table 12: Belgian Equipment Expenditure (US$ billion), 2012–2016
Table 13: Belgian Other Capital Expenditure (US$ billion), 2007–2011
Table 14: Belgian Other Capital Expenditure (US$ billion), 2012–2016
Table 15: Belgian Revenue Budget Allocation (%), 2007–2011
Table 16: Belgian Revenue Budget Allocation (%), 2012–2016
Table 17: Belgian Personnel Expenditure (US$ million), 2007–2011
Table 18: Belgian Personnel Expenditure (US$ million), 2012–2016
Table 19: Belgian Operations and Other Expenditure (US$ billion), 2007–2011
Table 20: Belgian Operations and Other Expenditure (US$ billion), 2012–2016
Table 21: Belgian Homeland Security Budget (US$ billion), 2007–2011
Table 22: Belgian Homeland Security Budget (US$ billion), 2012–2016
Table 23: ICD Research Intelligence Terrorism Index, 2011
Table 24: Benchmarking with Key Markets – 2007–2011 vs. 2012–2016
Table 25: Benchmarking with World’s Largest Defense Spenders – 2011 and 2016
Table 26: Leading 20 Global Arms Exporters by Volume, 2005–2010*
Table 27: Offset Regulations in Belgium
Table 28: Belgian Participation in International Defense Development Programs
Table 29: FN Herstal – Product Focus
Table 30: FN Herstal – Alliances
Table 31: FN Herstal - Recent Contract Wins
Table 32: Sonaca SA – Product Focus
Table 33: Sonaca SA – Alliances
Table 34: Sonaca SA – Recent Contract Wins
Table 35: Cockerill Maintenance & Ingénierie SA – Product Focus
Table 36: Cockerill Maintenance & Ingénierie S.A. - Alliances
Table 37: Cockerill Maintenance & Ingénierie SA – Recent Contract Wins
Table 38: SABCA Group – Product Focus
Table 39: SABCA Group - Alliances
Table 40: SABCA Group – Recent Contract Wins
Table 41: Barco – Product Focus
Table 42: Barco - Alliances
Table 43: Barco – Recent Contract Wins
Table 44: Asco Industries – Product Focus
Table 45: Asco Industries - Alliances
Table 46: Asco Industries: Recent Contract Wins
Table 47: Mecar SA – Product Focus
Table 48: Mecar SA - Alliances
Table 49: Mecar SA – Recent Contract Wins
Table 50: Alcatel-Lucent Belgium – Product Focus
Table 51: Thales Belgium – Product Focus
Table 52: Thales Belgium - Alliances
Table 53: Thales Belgium – Recent Contract Wins
Table 54: Northrop Grumman Belgium – Product Focus
Table 55: Northrop Grumman Belgium – Recent Contract Wins

LIST OF FIGURES

Figure 1: Belgian Defense Expenditure, 2007–2011
Figure 2: Belgian Defense Expenditure, 2012–2016
Figure 3: Belgian Defense Budget Split Between Capital and Revenue Expenditure(%), 2007–2011
Figure 4: Belgian Defense Budget Split Between Capital and Revenue Expenditure(%), 2012–2016
Figure 5: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as a Percentage of GDP Growth, 2007–2011
Figure 6: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as a Percentage of GDP Growth, 2012–2016
Figure 7: Belgian Per Capita Defense Spend (US$), 2007–2011
Figure 8: Belgian Per Capita Defense Spend (US$), 2012–2016
Figure 9: Belgian Capital Budget Allocations (%), 2007–2011
Figure 10: Belgian Capital Budget Allocations (%), 2012–2016
Figure 11: Belgian Equipment Expenditure (US$ billion), 2007–2011
Figure 12: Belgian Equipment Expenditure (US$ billion), 2012–2016
Figure 13: Belgian Other Capital Expenditure (US$ billion), 2007–2011
Figure 14: Belgian Other Capital Expenditure (US$ billion), 2012–2016
Figure 15: Belgian Revenue Budget Allocation (%), 2007–2011
Figure 16: Belgian Revenue Budget Allocation (%), 2012–2016
Figure 17: Belgian Personnel Expenditure (US$ million), 2007–2011
Figure 18: Belgian Personnel Expenditure (US$ million), 2012–2016
Figure 19: Belgian Operations and Other Expenditure (US$ billion), 2007–2011
Figure 20: Belgian Operations and Other Expenditure (US$ billion), 2012–2016
Figure 21: Belgian Homeland Security Budget (US$ billion), 2007–2011
Figure 22: Belgian Homeland Security Budget (US$ billion), 2012–2016
Figure 23: ICD Research Terrorism Heat Index, 2011
Figure 24: ICD Research Terrorism Heat Map, 2011
Figure 25: Benchmarking with Key Markets – 2007–2011 vs. 2012–2016
Figure 26: Benchmarking with World’s Largest Defense Spenders – 2011 and 2016
Figure 27: Benchmarking with Large Defense Spenders as Percentage of GDP – 2011
Figure 28: Belgian Defense Imports (US$ Million), 2005–2010
Figure 29: Belgian Defense Imports by Country (US$ Million), 2005–2010
Figure 30: Belgian Defense Imports by Country (%), 2005–2010
Figure 31: Belgian Defense Imports by Equipment Type(%), 2005–2010
Figure 32: Belgian Defense Exports (US$ Million), 2005–2010
Figure 33: Belgian Defense Exports by Country (%), 2005–2010
Figure 34: Belgian Defense Exports by Category (%), 2005–2010
Figure 35: Industry Dynamics – Porter’s Five Forces Analysis
Figure 36: Sonaca SA - Revenue Trend Analysis (Euro million), 2006–2010
Figure 37: Sonaca SA – Operating Profit Trend Analysis (Euro million), 2006–2010
Figure 38: Sonaca SA - Net Profit Trend Analysis (Euro million), 2006–2010
Figure 39: Cockerill Maintenance & Ingénierie S.A. - Revenue Trend Analysis (EUR Million), 2006–2010
Figure 40: Cockerill Maintenance & Ingénierie S.A. – Operating Profit Trend Analysis (EUR Million), 2006–2010
Figure 41: SABCA Group - Revenue Trend Analysis (EUR million), 2006–2010
Figure 42: SABCA Group – Operating Profit Trend Analysis (EUR million), 2006–2010
Figure 43: SABCA Group - Net Profit Trend Analysis (EUR million), 2006–2010
Figure 44: Barco - Revenue Trend Analysis (EUR million), 2007–2011
Figure 45: Barco – Operating Profit Trend Analysis (EUR million), 2007–2011
Figure 46: Barco - Net Profit Trend Analysis (EUR million), 2007–2011
Figure 47: Asco Industries - Revenue Trend Analysis (EUR Million), 2005–2009
Figure 48: Asco Industries - Revenue Trend Analysis (EUR Million), 2005–2009
Figure 49: Alcatel-Lucent - Revenue Trend Analysis (EUR million), 2006–2010
Figure 50: Alcatel-Lucent - Net Profit Trend Analysis (EUR million), 2006–2010
Figure 51: Belgian Business Confidence Indicator, 2009–2010
Figure 52: NYSE Euronext (Europe) Market Capitalization (US$ Billion), 2003–2009
Figure 53: Belgian FDI Inflows (US$ Billion), 2003–2008
Figure 54: Belgian GDP at Constant Prices (US$ Billion), 2003–2015
Figure 55: Belgian GDP Per Capita at Constant Prices (US$), 2003–2015
Figure 56: Belgian GDP at Current Prices (US$ Billion), 2003–2015
Figure 57: Belgian GDP Per Capita at Current Prices (US$), 2003–2015
Figure 58: Belgian GDP Split by Key Sector (%) 2003 and 2009
Figure 59: Belgian Agriculture Net Output at Current Prices (EUR Billion), 2003–2015
Figure 60: Belgian Agriculture Net Output at Current Prices (US$ Billion), 2003–2015
Figure 61: Belgian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2003–2015
Figure 62: Belgian Manufacturing Net Output at Current Prices (EUR Billion), 2003–2015
Figure 63: Belgian Manufacturing Net Output at Current Prices (US$ Billion), 2003–2015
Figure 64: Belgian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2003–2015
Figure 65: Belgian Mining, Manufacturing and Utilities Net Output at Current Prices (EUR Billion), 2003–2015
Figure 66: Belgian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2003–2015
Figure 67: Belgian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2003–2015
Figure 68: Belgian Construction Net Output at Current Prices (EUR Billion), 2003–2015
Figure 69: Belgian Construction Net Output at Current Prices (US$ Billion), 2003–2015
Figure 70: Belgian Construction Output at Current Prices as a Percentage of GDP (%), 2003–2015
Figure 71: Belgian Crude Steel Production (Million Metric Tons), 2003–2015
Figure 72: Belgian Crude Oil Consumption (Million Tons), 2003–2015
Figure 73: Belgian Inflation Rate (%), 2003–2015
Figure 74: Belgian Fiscal Balance as a Percentage of GDP(%), 2003–2009
Figure 75: Belgian Current Account Balance as a Percentage of GDP (%), 2003–2009
Figure 76: Belgian Exports as a Percentage of GDP (%), 2003–2015
Figure 77: Belgian Imports as a Percentage of GDP (%), 2003–2015
Figure 78: Belgian Export Growth (%), 2003–2015
Figure 79: Belgian Import Growth(%), 2003–2015
Figure 80: Belgian Annual Average Exchange Rate US$–EUR, 2003–2009
Figure 81: Belgian End of the Period Exchange Rate US$–EUR, 2003–2009
Figure 82: Belgian Airports and Sea Ports (Number), 2009
Figure 83: Belgian Railways and Roadways (Kilometers), 2009
Figure 84: Belgian Passenger Vehicle Production (Units), 2003–2015
Figure 85: Belgian Commercial Vehicle Production (Units), 2003–2015
Figure 86: Belgian Automotive Components Exports (US$ Billion), 2003–2015
Figure 87: Belgian Automotive Components Imports (US$ Billion), 2003–2015
Figure 88: Belgian Passenger Car Penetration (Per Thousand People), 2003–2015
Figure 89: Belgian Total Installed Capacity for Electricity Generation (Million Kilowatts), 2003–2015
Figure 90: Belgian Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 2003–2015
Figure 91: Belgian Electricity Production (Billion Kilowatt Hours), 2003–2015
Figure 92: Belgian Installed Capacity for the Generation of Hydro–Electricity (Million Kilowatts), 2003–2015
Figure 93: Belgian Installed Capacity for the Generation of Renewable Electricity (Million Kilowatts), 2003–2015
Figure 94: Belgian Electricity Consumption (Billion Kilowatt Hours), 2003–2015
Figure 95: Belgian Electricity Exports (Billion Kilowatts Hours), 2003–2015
Figure 96: Belgian Electricity Imports (Billon Kilowatts Hours), 2003–2015
Figure 97: Belgian Healthcare Expenditure (US$ Billion), 2003–2015
Figure 98: Belgian Healthcare Expenditure as a Percentage of GDP (%), 2003–2015
Figure 99: Belgian Per Capita Healthcare Expenditure (US$), 2003–2015
Figure 100: Belgian Internet Subscriptions (Millions), 2003–2015
Figure 101: Belgian Broadband Internet Subscriptions (Millions), 2003–2015
Figure 102: Belgian Personal Computer Penetration Rate (Per 100 People), 2003–2015
Figure 103: Belgian Mobile Phone Penetration (%), 2003–2015
Figure 104: Belgian R&D Expenditure as a Percentage of GDP (%), 2003–2015
Figure 105: Belgian Labor Force in 15–59 Age Group (Million), 2003–2015
Figure 106: Belgian Unemployment Rate (%), 2003–2015
Figure 107: Belgian Annual Disposable Income (US$ Billion), 2003–2015
Figure 108: Belgian Annual Per Capita Disposable Income (US$), 2003–2015
Figure 109: Belgian Consumer Expenditure on Food (US$ Billion), 2003–2015
Figure 110: Belgian Annual Per Capita Consumer Expenditure on Food (US$), 2003–2015
Figure 111: Belgian Total Population (Million), 2003–2015
Figure 112: Belgian Urban and Rural Population (%), 2003–2015
Figure 113: Belgian Female as a Percentage of Population (%), 2003–2015
Figure 114: Belgian Male as Percentage of Population (%), 2003–2015
Figure 115: Belgian Mean Age of Population (Years), 2003–2015
Figure 116: Belgian Median Age of Population (Years), 2003–2015
Figure 117: Belgian Population Density (Per Square Kilometer), 2003–2015
Figure 118: Belgian Population Distribution by Age (%), 2003–2015
Figure 119: Belgian Male Population Distribution by Age (%), 2003–2015
Figure 120: Belgian Female Population Distribution by Age (%), 2003–2015
Figure 121: Belgian Households, Number of (Million), 2003–2015
Figure 122: Global Terrorism Heat Map
Figure 123: Belgian Transparency Index, 2003–2009

COMPANIES MENTIONED

Finmeccanica, AgustaWestland, Alenia Aermacchi, Alenia Aeronautica, Selex Galileo, Selex Sistemi Integrati, Oto Melara, Fincantieri, MBDA, WASS, Elettronica Skip to top