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Belgium

Belgium ยท BEL ยท Europe

25

Risk Score

Guardedโ†’ Stable

Risk Factors

No recent events in pipeline

Overview

Belgium is a highly developed Western European constitutional monarchy, a founding member of the European Union and NATO. Its economy is characterized by high productivity, a strong service sector, and significant trade, benefiting from its central location and advanced infrastructure. The country operates as a complex federal state with distinct linguistic communities.

Leadership

King Philippe

King

GOVERNMENT: Federal Parliamentary Constitutional Monarchy

Alexander De Croo

Hadja Lahbib

Vincent Van Peteghem

Economy

GDP

$680.0B

GDP per Capita

$57.5K

GDP Growth

+1.5%

Inflation

2.2%

Unemployment

5.5%

ServicesManufacturingChemicalsPharmaceuticalsLogistics

Trade

Key Exports

Machinery and EquipmentChemicalsFinished DiamondsPharmaceuticalsVehicles

Key Imports

Machinery and EquipmentChemicalsRaw DiamondsPharmaceuticalsCrude Oil

Top Partners

GermanyFranceNetherlandsUnited StatesUnited Kingdom