Belgium PESTLE Insights – A Macroeconomic Outlook Report
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Belgium PESTLE Outlook Report Overview
The GDP of Belgium was $626.0 billion in 2023 and the country ranked 14th out of 153 nations in the GCRI Q1 2024. The Belgian government introduced the NEED project during its presidency of the Council of the European Union in 2024. During its presidency, Belgium aims to advance its unique multi-criteria approach to categorize unmet medical needs.
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The Belgium PESTLE insights report consists of the country’s snapshot, risk factors about the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure, and natural and geographic aspects that might impact business.
GDP 2023 | $626.0 billion |
Key Landscape | · Political Landscape
· Economic Landscape · Social Landscape · Technological Landscape · Environmental Landscape |
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Belgium Macroeconomic Key Sector’s Contribution to the Economy
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PESTLE Insights of the Belgium Macroeconomic Outlook Report
Political Landscape: Belgium has remained an active participant in international politics. The country is at the center of Western European political institutions. The headquarters of the EU are in Brussels. Belgium is also home to the headquarters of NATO. Belgium has led the way in promoting European integration and the European Monetary Union (EMU) since it joined the EU at its founding.
Economic Landscape: Belgium possesses one of the best infrastructure networks in Europe, as it has high-density transportation and telecommunications infrastructure. Additionally, Belgium has well-developed water transport facilities. Moreover, the ports are fully integrated with road and rail networks, providing effective multi-modal transport.
Key Landscape Analysis in the Belgium PESTLE Insights Report
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Scope
According to the World Bank, Logistics Performance Index (2023), Belgium ranked seventh out of 139 nations in 2023.
Key Highlights
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.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potential of the country as an investment destination by analyzing the political, economic, social, technological, legal, and environmental (PESTLE) structure.
- PESTLE Insights provides a 360-degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials, and the direction of operations.
- Along with providing the country’s snapshot, the report captures the risk factors about 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’s GDP and population along with major companies’ presence in these areas.
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Frequently asked questions
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What was Belgium's GDP in 2023?
Belgium’s GDP was $626.0 billion in 2023.
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What was Belgium’s rank in the GCRI Q1 2024?
Belgium ranked 14th out of 153 nations in the GCRI Q1 2024.
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Which are the key landscapes in the Belgium PESTLE Insights report?
A few of the key landscapes covered in Belgium’s PESTLE insights report are the political landscape, economic landscape, social landscape, technological landscape, and environmental landscape among others.
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