Belgium: In-depth PESTLE Insights

This PESTLE country analysis report on Belgium provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.

Synopsis

- Understand the political system in Belgium through analysis of key figures in the country and governance indicators.

- Understand the economic situation in Belgium through a balanced assessment of core macroeconomic issues.

- Understand customer demographics in Belgium through analysis of income distribution and the rural-urban split, as well as healthcare and education.

- Understand the technological landscape in Belgium through analysis of relevant laws and policies, as well as patents data.

- Understand the legal landscape in Belgium through analysis of the judicial system as well as performance of the legal indicators

- Understand the environmental landscape in Belgium through analysis of the environmental regulations and the performance of the environmetal indicators

Scope

- The political landscape section discusses the evolution of the political scenario in Belgium, as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators.

- The economic landscape section outlines the evolution of Belgium 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment."

- The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education.

Reasons to buy

- What is the outlook in Belgium in terms of political stability, policies towards business, and the popularity of the government?

- How does Belgium perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?

- How does Belgium perform in terms of healthcare, income distribution, and education?

- How does Belgium perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?

Companies mentioned

Table of Contents

Table of Contents

Overview 2

Catalyst 2

Summary 2

Key findings 2

PESTLE highlights 4

Key fundamentals 6

Key Facts and Geographic Location 14

Key ...

Table of Contents

Overview 2

Catalyst 2

Summary 2

Key findings 2

PESTLE highlights 4

Key fundamentals 6

Key Facts and Geographic Location 14

Key facts 14

Geographical location 15

PESTLE Analysis 16

Summary 16

Political analysis 17

Overview 17

Current strengths 17

Current challenges 18

Future prospects 19

Future risks 19

Economic analysis 20

Overview 20

Current strengths 20

Current challenges 22

Future prospects 27

Future risks 28

Declining public investments 28

Social analysis 30

Overview 30

Current strengths 30

Current challenges 32

Future prospects 35

Future risks 36

Technological analysis 39

Overview 39

Current strengths 39

Current challenges 40

Future prospects 40

Future risks 41

Legal analysis 42

Overview 42

Current strengths 42

Current challenges 43

Future prospects 44

Future risks 44

Environmental analysis 45

Overview 45

Current strengths 45

Current challenges 46

Future prospects 46

Future risks 46

Political Landscape 48

Summary 48

Evolution 48

Pre-1945 48

1946–1995 49

1996-2017 49

Structure and policies 51

Key political figures 51

Structure of government 51

Key political parties 52

Composition of government 53

Key policies 54

Performance 56

Governance indicators 56

Outlook 57

Economic Landscape 58

Summary 58

Evolution 58

Pre-1945 58

1946–1990 58

1991–2017 59

Structure and policies 60

Financial authorities and regulators 60

Stock market 61

Insurance 61

Performance 61

GDP and growth rate 61

GDP composition by sector 63

Fiscal situation 66

International investment position 67

Key monetary indicators 68

Unemployment 70

Outlook 70

Social Landscape 71

Summary 71

Evolution 71

Structure and policies 71

Demographic composition 71

Education 73

Healthcare 74

Social welfare 74

Performance 74

Healthcare 74

Income distribution 75

Education 75

Outlook 76

Technological Landscape 77

Summary 77

Evolution 77

Structure and policies 77

R&D 78

Performance 78

Mobile and internet 78

Outlook 79

Legal Landscape 80

Summary 80

Evolution 80

Structure and policies 80

Judicial system 80

Tax regulations 81

Labor laws 81

Trade regulations 82

Performance 82

Effectiveness of the legal system 82

Outlook 82

Environmental Landscape 83

Summary 83

Evolution 83

Structure and policies 83

Environmental regulations 83

Performance 84

Environmental impact 84

Outlook 85

Appendix 86

ISO codes of selected countries 86

Ask the analyst 87

Disclaimer 87

List of Tables

List of Tables

Table 1: Belgium – Key Fundamentals, 2015–2022f 6

Table 2: Belgium – Key Facts, 2018 14

Table 3: Analysis of Belgium’s Political ...

List of Tables

Table 1: Belgium – Key Fundamentals, 2015–2022f 6

Table 2: Belgium – Key Facts, 2018 14

Table 3: Analysis of Belgium’s Political Landscape 17

Table 4: Analysis of Belgium’s Economic Landscape 20

Table 5: Analysis of Belgium’s Social Landscape 30

Table 6: Analysis of Belgium’s Technology Landscape 39

Table 7: Patents Granted by the US Patent and Trademark Office, 2010–2015 41

Table 8: Analysis of Belgium’s Legal Landscape 42

Table 9: Analysis of Belgium’s Environmental Landscape 45

Table 10: Population by Age (Percentage of Population, by Gender) in 2017 72

List of Figures

List of Figures

Figure 1: Map of Belgium 15

Figure 2: GDP Per Hours Worked (Constant 2010 Prices, PPP), 2017 21

Figure 3: General Government ...

List of Figures

Figure 1: Map of Belgium 15

Figure 2: GDP Per Hours Worked (Constant 2010 Prices, PPP), 2017 21

Figure 3: General Government Balance (EUR Billion and Percentage), 2009–2017 22

Figure 4: General Government Gross Debt in Selected European Countries (%), 2008–2017 23

Figure 5: Nominal Unit Labor Cost Index (2010 = 100), 2005–2017 24

Figure 6: Real Effective Exchange Rate (2010 = 100), 2005–2017 25

Figure 7: Export Market Share (% of World Total), 2000–2017 26

Figure 8: Tax Wedge (Percentage of Labor Cost), 2017 27

Figure 9: Public Investment (Percentage of GDP), 2016 29

Figure 10: Public Investment (Percentage of GDP), 2016 29

Figure 11: Better Life Index, 2017 31

Figure 12: Social Expenditure (Percentage of GDP), 2016 32

Figure 13: Pension Costs (Percentage of GDP) 2013–2060 33

Figure 14: Old Age Dependency Ratio in Belgium, 1950–2075 34

Figure 15: Employment Rates (Percentage of Working Population Aged 15 - 64), 2012–2017 35

Figure 16: Employment and Unemployment Rates by Region (%), 2016 36

Figure 17: Unemployment Rates as Percentage of Active Population, 2017 37

Figure 18: Foreign-Born Unemployment (%), 2017 38

Figure 19: Inflow of Foreign-Born Population (Millions) to Belgium, 2009–2017 38

Figure 20: R&D Expenditure (Percentage of GDP), 2007 - 2016 40

Figure 21: Total Tax Wedge (Percentage of Labor Cost), 2008–2017 43

Figure 22: Belgium – Key Political Events Since Independence 50

Figure 23: Key Political Figures, 2017 51

Figure 24: Structure of Government 52

Figure 25: Belgium Chamber of Representatives after the May 2014 Elections 54

Figure 26: Belgium’s Historical GDP Growth (%), 2007–2017 60

Figure 27: GDP and GDP Growth Rate ($ Billion), 2012–2022f 62

Figure 28: GDP Composition by Sector (%), 2017 63

Figure 29: Agricultural Output (€ Billion), 2012–2017 64

Figure 30: Industrial Output (€ Billion), 2012–2017 65

Figure 31: Service Output (€ Billion), 2012–2017 66

Figure 32: External Trade ($ Billion), 2013–2017 67

Figure 33: Consumer Price Index and Index-Based Inflation, 2012–2022f 69

Figure 34: Unemployment Rate (Thousands), 2012–2022f 70

Figure 35: Religious Composition (%) 73

Figure 36: Healthcare Expenditure ($ Billion), 2012–2017 75

Figure 37: Educational Expenditure ($ Billion), 2011–2016 76

Figure 38: Internet Users (Millions), 2013–2017 79

Figure 39: Belgium’s Judicial Structure, 2017 81

Figure 40: CO2 Emissions (Metric Tons), 2008–2015 85

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