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Economy of Belgium

Population: 11 million in 2013¹

GDP: $508 billion in 2013²

GDP per capita: $46,878 nominal³ ($40,338 PPP⁴) in 2013

GDP growth rate: 0.3% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ billions) 2012	Percent of total
Other activities	241	52.4%
Wholesale, retail trade, restaurants and hotels	65	14.2%
Manufacturing	63	13.8%
Transport, storage and communication	46	10.0%
Construction	26	5.7%
Mining and utilities	15	3.2%
Agriculture, hunting, forestry, fishing	3	0.7%
Total value added	459	100%

Employment

Unemployment rate: 8.4% in 2012⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Human health and social work	634	14.0%
Wholesale trade, retail trade and repair of motor vehicles	630	13.9%
Manufacturing	589	13.0%
Education	399	8.8%
Public administration and defence	383	8.5%
Construction	330	7.3%
Administrative and support service	258	5.7%
Transportation and storage	242	5.3%
Professional, scientific and technical	223	4.9%
Finance and insurance	158	3.5%
Accommodation and food service	145	3.2%
Information and communication	141	3.1%
Other service	106	2.3%
Arts, entertainment and recreation	73	1.6%
Agriculture, forestry and fishing	62	1.4%
Extraterritorial organizations and bodies	42	0.9%
Water supply, sewerage and waste management	33	0.7%
Real estate	30	0.7%
Electricity, gas, steam and air conditioning	27	0.6%
Activities of households as employers	23	0.5%
Mining and quarrying	5	0.1%
Total employment	4,530	100%

Corporations

Top 2 Corporations by Revenue 2013* ⁹

Rank	Corporation	Revenue ($ billions) 2013	Profit ($ billions) 2013	Assets ($ billions) 12/31/13	Industry
1	Anheuser-Busch InBev	37	14.1	121	Brewing
2	Delhaize Group	25	0.2	14	Retail

* Corporate data calculated using the exchange rate .8484 EUR = 1 USD

Households

Household Wealth: $2.51 trillion (494% of GDP) in 2014¹⁰

Household Wealth per Adult: $300,850 in 2014¹⁰

Gini Coefficient: .280 in 2005¹¹

Government

Central Government

Central Government Revenue: $242 billion (48% of GDP) in 2013¹²

Central Government Expenditure: $258 billion (51% of GDP) in 2013¹²

Central Government Budget Balance: -$16 billion (-3% of GDP) in 2013¹²

Central Government Public Debt: $441 billion (87% of GDP) in Q1 2014*¹³

Central Government 10 Year Bond Interest Rate: 0.62% on Jan 14, 2015¹⁴

* Public debt calculated using the exchange rate .8484 EUR = 1 USD

Government Funds

N/A

Tax Structure

Invidual Income Tax Rates and Thresholds in 2013*¹⁵

25%: $0-$9,842
30%: $9,842-$14,015
40%: $14,015-$23,350
45%: $23,350-$36,300
50%: $42,786+

Corporate Tax Rate: 33.99% in 2014¹⁶

* Individual thresholds calculated using the exchange rate .8484 EUR = 1 USD

Monetary Policy

Monetary Supply (Euro area, M1): $6.85 trillion in Nov 2014*¹⁷

Benchmark Interest Rate (Euro area): 0.05% in Sept 2014¹⁸

Total Reserves: $27 billion (5% of GDP) in 2013¹⁹

Exchange Rate: .8484 Euros = 1 U.S. Dollar on Jan 14, 2015²⁰

Inflation: 1.1% in 2013²¹

* Money supply calculated using the exchange rate .8484 EUR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $295 billion (58% of GDP) in 2013²³

Imports: $310 billion (61% of GDP) in 2013²³

Trade Balance: -$15 billion (-3% of GDP) in 2013²³

Foreign Direct Investment Inflow: -$2.4 billion (-0.5% of GDP) in 2013²⁴

Foreign Direct Investment Outflow: -$26 billion (-5% of GDP) in 2013²⁴

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $2.3 billion (0.4% of GDP) in 2013²⁵

References

^{1. Source: World Bank Indicators (Population) Go back}
^{2. Source: World Bank Indicators (GDP) Go back}
^{3. Source: World Bank Indicators (GDP per capita) Go back}
^{4. Source: World Bank Indicators (GDP per capita PPP) Go back}
^{5. Source: World Bank Indicators (GDP growth rate) Go back}
^{6. Source: United Nations Statistics Division (GDP by industry) Go back}
^{7. Source: World Bank Indicators (Unemployment rate) Go back}
^{8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back}
^{9. Source: Annual reports (Corporate data) Go back}
^{10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back}
^{11. Source: CIA World Factbook (Gini coefficient) Go back}
^{12. Source: CIA World Factbook (Government budget) Go back}
^{13. Source: OECD Stat Extracts, National Accounts, Quarterly Public Sector Debt (Public debt) Go back}
^{14. Source: Investing.com (Government bond yield) Go back}
^{15. Source: OECD Stat Extracts, Public Sector, Tax Database (Individual tax rates) Go back}
^{16. Source: Tax Foundation (Corporate tax rate) Go back}
^{17. Source: ECB Monetary developments (Money supply) Go back}
^{18. Source: ECB Key interest rates (Benchmark interest rate) Go back}
^{19. Source: World Bank Indicators (Total reserves) Go back}
^{20. Source: Yahoo Finance (Exchange rate) Go back}
^{21. Source: World Bank Indicators (Inflation rate) Go back}
^{22. Source: Relbanks.com (Financial institutions by assets) Go back}
^{23. Source: CIA World Factbook (Trade data) Go back}
^{24. Source: OECD FDI in Figures (FDI data) Go back}
^{25. Source: OECD Aid Statisitcs (Aid outflow) Go back}