Belgium PESTLE Insights – A Macroeconomic Outlook Report
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All the vital news, analysis, and commentary curated by our industry experts.
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.
Scope
As of June 2022, Belgium would receive EUR120 million ($126.4 million) from the European Union for infrastructure projects
Key Highlights
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.
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.
KBC
UCB
Solvay
Table of Contents
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