General information on Belgium

Belgium was the first country in Europe to hit the industrial revolution.
With a heavy emphasis in industrialized ports, railways, and transportation.
Belgium developed existing trade agreements and trade routes.
In large part, this was due to their central geographic location, and multilingual workforce.

Roughly 80% of Belgium’s trade comes from other European countries.
With trade accounting for roughly 2/3rds of their GNP (gross national product).
While Belgium is a heavily industrialized country, services account for roughly 75% of their GDP (gross domestic product), with agriculture only accounting for 1% of their GDP.
As of 2022, the GDP of Belgium was € 552,4 billion.

The public debt of Belgium is about 105% GDP.
During the 2000-2008 period, Belgium had managed to balance its national budget completely.
In 2002 Belgium began to circulate the Euro.
However, after 2009, unemployment and negative financial growth began to arise in Belgium due to the 2008 financial crisis.
The GDP of Belgium has still not fully recovered from its pre-financial crisis value and Covid crisis

GDP global rank: 25th (23rd 2020)
GDP per capita global rank: 22nd (17th 2020)
GDP European rank: 12th 12th 2020)
GDP per capita European rank: 10th

Source: Globalpropertiesguide - Europa.eu