Belgium PESTLE Insights - A Macroeconomic Outlook Report

February 2021 | 45 pages | ID: PDAA47DD6BBEN
MarketLine

Abstracts

Belgium PESTLE Insights - A Macroeconomic Outlook Report

SUMMARY

Financial intermediation contributed 30.7% of Belgium’s gross value added (GVA) in 2020e, followed by mining, manufacturing and utilities (15.1%), and wholesale, retail and hotels (14.7%). In nominal terms, the three sectors are forecast to grow by 8.35%, 4.63% and 9.24%, respectively, in 2021.
The Flemish region is among the best performing regions in Belgium. It contributed 58.7% of GDP in 2018 and comprised 57.6% of the Belgian population in 2019.

SCOPE

• In H1 2020, Belgium’s net FDI inflows stood at US$1.45bn, compared to -US$34.9bn in H1 2019
• The BEL 20 (^BFX) index exhibited a declining trend due to COVID-19; however, the index has recovered recently but is yet to reach pre-pandemic levels. As of January 20, 2021, the BEL 20 (^BFX) index stood at 3,713.33, compared to 4,012.67 on January 20, 2020.

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.

Contents

Did You Know?
Country Highlights
Recovery of Economy from the COVID-19 crisis
Country snapshot
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
Outlook

List Of Figures

LIST OF FIGURES

Exhibit 1: Belgium’s Performance in terms of its Country Risk Analysis in Comparison to the West Europe and World Averages
Exhibit 2: Performance Overview (Score: 1-100)
Exhibit 3: Broad Categories and Weights Behind the Index
Exhibit 4: Belgium Stock Market (BEL 20 (^BFX)) (January 2020 - January 2021)
Exhibit 5: Key Sectors’ Contribution to the Economy
Exhibit 6: FDI Inflows in Belgium (Q3 2019 - Q3 2020) and FDI by Sector (2016-2019)
Exhibit 7: Investment by Region (Q3 2020) and Country (Q4 2019 - Q3 2020)
Exhibit 8: Key Infrastructure Indicators
Exhibit 9: Real GDP and Household Consumption Growth Rate (2016-2023f)
Exhibit 10: Real GDP Growth Rate Comparison (2020e)
Exhibit 11: Exports and Imports, Percentage Change (2016-2023f)
Exhibit 12: Current Account Balance (2016-2023f)
Exhibit 13: Top Three Commodity Exports, % of Total Exports (2016-2019)
Exhibit 14: Vehicles, % of World Total (2019)
Exhibit 15: Interest Rates (2016-2020)
Exhibit 16: Exchange Rate and Inflation (2016-2023f)
Exhibit 17: Public Finance (2016-2023f)
Exhibit 18: General Government Debt (2016-2023f)
Exhibit 19: Unemployment (2016-2023f)
Exhibit 20: Average Annual Wages (2016-2019)
Exhibit 21: Labor Cost Index (2016-2019)
Exhibit 22: Rural/Urban Share of Total Population (1995, 2005, 2015, 2025)
Exhibit 23: Age-group Share of Total Population (1995, 2005, 2015, 2025)
Exhibit 24: Gender Split (1995, 2005, 2015, 2025)
Exhibit 25: Internet Users as a Percentage of the Total Population, Mobile Penetration Rate and Broadband Penetration Rate (2020e)
Exhibit 26: Number of Patents Granted Per Million People (2020e)
Exhibit 27: High-technology Exports, % of Manufactured Exports (2019)
Exhibit 28: Doing Business in Belgium 2020
Exhibit 29: Corruption Perceptions Index (Rankings) (2020)
Exhibit 30: CO2 Emissions (2016-2019)