Belgium

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Introduction - Belgium:
Location - Belgium:
People - Belgium:
Government - Belgium:
Economy - Belgium:

Economy overview

This modern, private-enterprise economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the populous Flemish area in the north. With few natural resources, Belgium must import substantial quantities of raw materials and export a large volume of manufactures, making its economy unusually dependent on the state of world markets. Roughly three-quarters of its trade is with other EU countries. Public debt is more than 90% of GDP. On the positive side, the government has succeeded in balancing its budget, and income distribution is relatively equal. Belgium began circulating the euro currency in January 2002. Economic growth in 2001-03 dropped sharply because of the global economic slowdown, with moderate recovery in 2004-06.

Gdp purchasing power parity

$342.8 billion (2006 est.)

Gdp official exchange rate

$369.6 billion (2006 est.)

Gdp real growth rate

3% (2006 est.)

Gdp per capita ppp

$33,000 (2006 est.)

Gdp composition by sector

agriculture: 1%
industry: 24%
services: 74.9% (2005 est.)

Labor force

4.89 million (2006 est.)

Labor force by occupation

agriculture: 1.3%
industry: 24.5%
services: 74.2% (2003 est.)

Unemployment rate

8.1% (2006 est.)

Population below poverty line

4% (1989 est.)

Household income or consumption by percentage share

lowest 10%: 3.2%
highest 10%: 23% (1996)

Distribution of family income gini index

25 (1996)

Inflation rate consumer prices

2.1% (2006 est.)

Investment gross fixed

19.4% of GDP (2006 est.)

Budget

revenues: $195.7 billion
expenditures: $195.5 billion; including capital expenditures of $1.56 billion (2006 est.)

Public debt

90.3% of GDP (2006 est.)

Agriculture products

sugar beets, fresh vegetables, fruits, grain, tobacco; beef, veal, pork, milk

Industries

engineering and metal products, motor vehicle assembly, transportation equipment, scientific instruments, processed food and beverages, chemicals, basic metals, textiles, glass, petroleum

Industrial production growth rate

3% (2006 est.)

Electricity production

80.22 billion kWh (2004)

Electricity consumption

82.41 billion kWh (2004)

Electricity exports

6.8 billion kWh (2004)

Electricity imports

14.6 billion kWh (2004)

Oil production

10,690 bbl/day (2004)

Oil consumption

641,000 bbl/day (2004 est.)

Oil exports

523,400 bbl/day (2004)

Oil imports

1.109 million bbl/day (2004)

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

17.06 billion cu m (2004 est.)

Natural gas exports

0 cu m (2004 est.)

Natural gas imports

16.88 billion cu m (2004 est.)

Current account balance

$6.925 billion (2006 est.)

Exports

$335.3 billion f.o.b. (2006 est.)

Exports commodities

machinery and equipment, chemicals, diamonds, metals and metal products, foodstuffs

Exports partners

Germany 19.9%, France 17%, Netherlands 12%, UK 7.9%, US 6.1%, Italy 5.2% (2006)

Imports

$333.5 billion f.o.b. (2006 est.)

Imports commodities

machinery and equipment, chemicals, diamonds, pharmaceuticals, foodstuffs, transportation equipment, oil products

Imports partners

Netherlands 18.4%, Germany 17.5%, France 11.3%, UK 6.6%, Ireland 5.9%, US 5.3% (2006)

Reserves of foreign exchange and gold

$9.626 billion (August 2006 est.)

Economic aid donor

ODA, $1.072 billion (2002)

Debt external

$1.053 trillion (30 June 2006 est.)

Currency code

euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries

Exchange rates

euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)

Communications - Belgium:
Transportation - Belgium:
Military - Belgium:
This page was last updated on 16 September, 2007
Source: CIA >>>


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An Intelligence Quotient or IQ is a score derived from one of several different standardized tests attempting to measure intelligence. Although the term "IQ" is still in common use, the scoring of modern IQ tests such as the Wechsler Adult Intelligence Scale is now based on a projection of the subject's measured rank on the Gaussian bell curve with a center value (average IQ) of 100, and a standard deviation of 15, although different tests may have different standard deviations. The average IQ scores for many populations have been rising at an average rate of three points per decade since the early 20th century with most of the increase in the lower half of the IQ range: a phenomenon called the Flynn effect. It is disputed whether these changes in scores reflect real changes in intellectual abilities, or merely methodological problems with past or present testing. (Wikipedie)

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Belgium



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Belgium



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Belgium



Photo: Belgium
Belgium



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Belgium



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