Summary
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 environmental 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?
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Table of Contents
1. OVERVIEW
1.1. Catalyst
1.2. Summary
1.2.1. Key findings
1.2.2. PESTLE highlights
1.2.3. Key fundamentals
1.3. European Union’s sanctions on Russia
1.4. Recovery of the economy from the COVID-19 crisis
1.4.1. Vaccination
1.4.2. Government measure
1.4.3. Lockdown measures
1.4.4. Travel restrictions
1.4.5. Impact on the economy
2. KEY FACTS AND GEOGRAPHIC LOCATION
2.1. Key facts
2.2. Geographical location
3. PESTLE ANALYSIS
3.1. Summary
3.2. Political analysis
3.2.1. Overview
3.2.2. Current strengths
3.2.3. Current challenges
3.2.4. Future prospects
3.2.5. Future risks
3.3. Economic analysis
3.3.1. Overview
3.3.2. Current strengths
3.3.3. Current challenges
3.3.4. Future prospects
3.3.5. Future risks
3.4. Social analysis
3.4.1. Overview
3.4.2. Current strengths
3.4.3. Current challenges
3.4.4. Future prospects
3.4.5. Future risks
3.5. Technological analysis
3.5.1. Overview
3.5.2. Current strengths
3.5.3. Current challenges
3.5.4. Future prospects
3.5.5. Future risks
3.6. Legal analysis
3.6.1. Overview
3.6.2. Current strengths
3.6.3. Current challenges
3.6.4. Future prospects
3.6.5. Future risks
3.7. Environmental analysis
3.7.1. Overview
3.7.2. Current strengths
3.7.3. Current challenges
3.7.4. Future prospects
3.7.5. Future risks
4. POLITICAL LANDSCAPE
4.1. Summary
4.2. Evolution
4.2.1. Pre-1945
4.2.2. 1946-95
4.2.3. 1996-2020
4.3. Structure and policies
4.3.1. Key political figures
4.3.2. Structure of government
4.3.3. Key political parties
4.3.4. Composition of government
4.3.5. Key policies
4.4. Performance
4.4.1. Governance indicators
4.5. Outlook
5. ECONOMIC LANDSCAPE
5.1. Summary
5.2. Evolution
5.2.1. Pre-1945
5.2.2. 1946-90
5.2.3. 1991-2020
5.3. Structure and policies
5.3.1. Financial authorities and regulators
5.3.2. Stock market
5.4. Performance
5.4.1. GDP and growth rate
5.4.2. GDP composition by sector
5.4.3. Fiscal situation
5.4.4. Current account
5.4.5. Exports and imports
5.4.6. International investment position
5.4.7. Key monetary indicators
5.4.8. Unemployment
5.4.9. Outlook
6. SOCIAL LANDSCAPE
6.1. Summary
6.2. Evolution
6.3. Structure and policies
6.3.1. Demographic composition
6.3.2. Education
6.3.3. Healthcare
6.3.4. Social welfare
6.4. Performance
6.4.1. Healthcare
6.4.2. Income distribution
6.4.3. Education
6.5. Outlook
7. TECHNOLOGICAL LANDSCAPE
7.1. Summary
7.2. Evolution
7.3. Structure and policies
7.3.1. R&D
7.4. Performance
7.4.1. Mobile and internet
7.5. Outlook
8. LEGAL LANDSCAPE
8.1. Summary
8.2. Evolution
8.3. Structure and policies
8.3.1. Judicial system
8.3.2. Tax regulations
8.3.3. Labor laws
8.4. Performance
8.4.1. Effectiveness of the legal system
8.5. Outlook
9. ENVIRONMENTAL LANDSCAPE
9.1. Summary
9.2. Evolution
9.3. Structure and policies
9.3.1. Environmental regulations
9.4. Performance
9.4.1. Environmental impact
9.5. Outlook
10. APPENDIX
10.1. ISO codes of selected countries
10.2. Ask the analyst
10.3. About MarketLine
10.4. Disclaimer
List of Tables
Table 1: Belgium - key fundamentals, 2019-26f
Table 2: Belgium - key facts, 2022
Table 3: Analysis of Belgium’s political landscape
Table 4: Analysis of Belgium’s economic landscape
Table 5: Analysis of Belgium’s social landscape
Table 6: Analysis of Belgium’s technology landscape
Table 7: Patents granted by the US Patent and Trademark Office, 2017-21
Table 8: Analysis of Belgium’s legal landscape
Table 9: Analysis of Belgium’s environmental landscape
Table 10: Belgium - population by age (percentage of population, by gender), 2021
List of Figures
Figure 1: Map of Belgium, 2022
Figure 2: General government revenue (as % of GDP), 2021
Figure 3: Belgium - Key macroeconomic indicators, August 2021 - November 2022
Figure 4: Belgium - government gross debt, 2017-26
Figure 5: Belgium - household debt (% of net disposable income), 2017-21
Figure 6: Social protection expenditure (as % of GDP), 2021
Figure 7: Belgium - Employment rate (% of working population aged 15-64), Q2 2022
Figure 8: Belgium - old age dependency ratio, 2000-50
Figure 9: R&D expenditure (% of GDP), 2011-21
Figure 10: Belgium - FDI restrictiveness index (0 = open, 1 = closed), 2021
Figure 11: Belgium - Tax wedge (% of labour cost), 2021
Figure 12: Belgium - Municipal waste generation intensity (kilogram per capita), 2020
Figure 13: Belgium - installation capacity of renewable electricity (%), 2020
Figure 14: Belgium - a timeline of key political events
Figure 15: Belgium - key political figures, 2021
Figure 16: Belgium - structure of government
Figure 17: Belgium - chamber of representatives, 2019
Figure 18: Belgium - historical GDP growth (%), 2011-21
Figure 19: Belgium - real GDP and real GDP growth rate ($ billion/%), 2017-26f
Figure 20: Belgium - GDP composition by sector (%), 2021
Figure 21: Belgium - agricultural output (EUR billion/%), 2017-22f
Figure 22: Belgium - industrial output (EUR billion/%), 2017-22f
Figure 23: Belgium - services output EUR billion/%), 2017-22f
Figure 24: Belgium - External trade (%), 2017-26f
Figure 25: Belgium - consumer price index and CPI-based inflation, 2017-26f
Figure 26: Belgium - unemployment rate (%), 2017-26f
Figure 27: Belgium - religious composition (%), 2018
Figure 28: Belgium - healthcare expenditure ($ billion/% of GDP), 2011-2022f
Figure 29: Belgium - total education expenditure ($ billion/% of GDP), 2011-21
Figure 30: Belgium - internet users (millions/%), 2017-22f
Figure 31: Belgium - judicial structure, 2021
Figure 32: Belgium - CO2 emissions (million tonnes), 2011-21
