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belgium economy 2020

1.4% (31 March 2016 est.) Economic update - November 2020 Strong growth in summer According to the preliminary estimate, third quarter Belgian GDP rose strongly by 10.7% qoq. 0.885 services: 80.1% (31 March 2016 est.) (31 December 2016 est. 0.903 $451 million 13, country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: euros (EUR) per US dollar - $26.16 billion Unemployment rate: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est.) List and ranking of GDP growth, GDP per capita and couuntry share of World's GDP. 54 In 2017, Belgium approved a tax reform plan to ease corporate rates from 33% to 29% by 2018 and down to 25% by 2020. $273.4 billion 7.1% (2017 est.) Imports - partners: Netherlands 17.3%, Germany 13.8%, France 9.5%, US 7.1%, UK 4.9%, Ireland 4.2%, China 4.1% Inflation rate (consumer prices): (31 December 2017 est.) Stock of narrow money: 24.5% of GDP [see also: Stock of direct foreign investment - at home country ranks ] note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): Market value of publicly traded shares: )country comparison to the world (CIA rank, may be based on non-current data): The Belgian economy also is inextricably tied to that of Europe. 74 NOTE: The information regarding Belgium on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. )country comparison to the world (CIA rank, may be based on non-current data): 2.02% 13 On an annual basis, economic activity was down 5.2% in Q3, softening from Q2's 13.9% decrease. (2013 est. 0% )country comparison to the world (CIA rank, may be based on non-current data): Debt - external: $1.054 trillion [see also: Stock of broad money country ranks ] (2016 est.) 12 (2017) )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: 20 $300.8 billion The June 2020 Global Economic Prospects looks beyond the near-term outlook to what may be lingering repercussions of the deep global recession: setbacks to potential output⁠—the level of output an economy can achieve at full capacity and full employment⁠—and labor productivity. 0.903 (2015 est.) (31 March 2015 est. 20 [see also: Current account balance country ranks ] 0.885 ), GDP - composition, by end use: (2017 est.) 22 [see also: Debt - external country ranks ] 112 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of domestic credit country ranks ] Imports: [see also: Stock of narrow money country ranks ] Unemployment rate: Stock of narrow money: $711.3 billion (31 December 2017 est.) 0.9214 35, country comparison to the world (CIA rank, may be based on non-current data): 25.9 [see also: Budget surplus (+) or deficit (-) country ranks ] [see also: Market value of publicly traded shares country ranks ] $414.6 billion 20 )country comparison to the world (CIA rank, may be based on non-current data): Belgium economic growth for 2018 was $573.48B, a 0.5% increase from 2017. 15 (2017 est.) [see also: GDP - composition, by end use - household consumption country ranks ] $198 billion [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Commercial bank prime lending rate: )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: raw materials, machinery and equipment, chemicals, raw diamonds, pharmaceuticals, foodstuffs, transportation equipment, oil products (2016 est.) Stock of direct foreign investment - abroad: (31 December 2015 est. 150 1.4% $684.8 billion imports of goods and services: -84.4% ", Het Laatste Nieuws & National Bank of Belgium & Federaal Planbureau, Short-term GDP growth forecast for 2020 according to different sources in Belgium Statista, https://www.statista.com/statistics/1104443/gdp-growth-forecasts-from-different-sources-in-belgium/ (last visited December 03, 2020), Short-term GDP growth forecast for 2020 according to different sources in Belgium, Gross domestic product (GDP) growth rate Finland 2005-2019, General government deficit in Finland in 2005-2019, National debt in relation to GDP in Finland 2005-2019, Exports of goods and services as share of GDP in Finland 2000-2019, Imports of goods and services as share of GDP in Finland 2000-2019, Value of exports from Finland 2019, by product category, Value of imports to Finland 2019, by product category, Distribution of exports from Finland 2019, by product category, Distribution of imports to Finland 2019, by product category, Monthly inflation rate (CPI) in Finland 2019-2020, Consumer price index in Finland 2005-2019, Monthly Harmonized Index of Consumer Prices (HICP) in Finland 2019-2020, Monthly change in inflation rate (HICP) in Finland 2019-2020, Employment rate in Finland 2009-2019, by gender, Unemployment rate in Finland 2009-2019, by gender, Unemployment rate in Finland 2009-2019, by age group, Monthly unemployment rate in Finland 2019-2020, Monthly unemployment rate among 15-24-year-olds in Finland 2019-2020, Post-coronavirus GDP forecast in Finland 2019-2024, Post-coronavirus forecast of export volume change in Finland 2019-2022, Post-coronavirus forecast of import volume change in Finland 2019-2022, Post-coronavirus unemployment rate forecast in Finland 2019-2024, Forecast on gross domestic product (GDP) growth in selected countries until 2020, Forecast on the GDP growth in selected world regions until 2021, GDP growth forecast for 2020 according to different sources in Italy, Forecast on the GDP growth by world regions until 2021, Gross domestic product (GDP) growth forecast in selected countries until 2021, Post coronavirus GDP per capita growth forecast in Sweden 2020-2023, Post coronavirus GDP growth forecast in Sweden 2020-2023, GDP annual growth rate in the EU 2013-2022, Forecast impact of coronavirus on real GDP growth in Kenya 2020-2023, GDP growth forecast in Switzerland from 2020 to 2022, Forecast gross domestic product (GDP) growth in Romania 2020-2022, Coronavirus effects on GDP in the Netherlands in 2020, according to different sources, Gross domestic product (GDP) growth in selected world regions until 2021, Forecasted Gross Domestic Product growth in Italy 2020-2022, Forecasted global real GDP growth due to COVID-19 2019-2021, Projected coronavirus impact on China's GDP growth 2020, Quarter-on-quarter growth rate GDP Singapore 2020, Impact of COVID-19 outbreak on YoY growth rate quarterly GDP Singapore 2020, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. 0.7634 [see also: Imports country ranks ] $1.016 trillion $414.6 billion (2017) (2017 est.) $1.054 trillion [see also: GDP - composition, by end use - investment in inventories country ranks ] (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): 103.4% of GDP (31 December 2017 est.) (2017 est. 183 (2017) -$807 million (2017 est.) Stock of direct foreign investment - at home: Market value of publicly traded shares: )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Imports: (2017 est.) $1.054 trillion 0.7634 2.02% [see also: Debt - external country ranks ] (2017 est.) (31 December 2015 est.) 23.4% of GDP Stock of broad money: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): facts. [see also: Stock of direct foreign investment - abroad country ranks ] Inflation rate (consumer prices): )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (31 December 2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): $1.159 trillion 112 )country comparison to the world (CIA rank, may be based on non-current data): 168, country comparison to the world (CIA rank, may be based on non-current data): (2016 est. $26.16 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Market value of publicly traded shares country ranks ] 2.2% (31 March 2016 est.) (31 December 2016 est. [see also: Taxes and other revenues country ranks ] Global Outlook: An Uncertain Path . (31 December 2017 est.) Debt - external: $300.4 billion 7.9% note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro areacountry comparison to the world (CIA rank, may be based on non-current data): 20 ), Stock of narrow money: Fiscal year: calendar year 22 Current account balance: $26.16 billion (2013 est.) $1.159 trillion Belgium's economy rebounded strongly in the third quarter, thus exiting a technical recession, latest figures from the National Bank of Belgium showed Monday. Budget: Public debt: $378.5 billion )country comparison to the world (CIA rank, may be based on non-current data): Data for Q3 shows that industrial production deteriorated at a … (31 December 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] Taxes and other revenues: 51.3% (of GDP) Industrial production growth rate: 0.2% Population below poverty line: 15.1% [see also: Stock of broad money country ranks ] note: data cover general government debt and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions; general government debt is defined by the Maastricht definition and calculated by the National Bank of Belgium as consolidated gross debt; the debt is defined in European Regulation EC479/2009 concerning the implementation of the protocol on the excessive deficit procedure annexed to the Treaty on European Union (Treaty of Maastricht) of 7 February 1992; the sub-sectors of consolidated gross debt are: federal government, communities and regions, local government, and social security fundscountry comparison to the world (CIA rank, may be based on non-current data): 15 [see also: Stock of direct foreign investment - abroad country ranks ] (2015 est.) No claims are made regarding the accuracy of Belgium Economy 2020 information contained here. Stock of narrow money: )country comparison to the world (CIA rank, may be based on non-current data): 150 15 $273.4 billion (31 December 2016 est. [see also: Unemployment rate country ranks ] 0.7634 150, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017) 11 11 $1.016 trillion [see also: Stock of direct foreign investment - abroad country ranks ] 0.885 Check in en ligne. $1.281 trillion )country comparison to the world (CIA rank, may be based on non-current data): You need at least a Single Account to use this feature. 0.903 (31 December 2013 est. note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force country ranks ] note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro areacountry comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Stock of domestic credit: [see also: Inflation rate (consumer prices) country ranks ] Market value of publicly traded shares: [see also: Stock of narrow money country ranks ] [see also: Debt - external country ranks ] 15 [see also: Central bank discount rate country ranks ] $300.4 billion (2016 est.) (31 December 2010) (31 December 2015 est. $1.159 trillion (2016 est.) (31 December 2017 est.) 22 12 $240.5 billion $240.5 billion (31 December 2017 est.) [see also: Budget - expenditures country ranks ] agriculture: 1.3% 0.7634 $414.6 billion Exports - commodities: chemicals, machinery and equipment, finished diamonds, metals and metal products, foodstuffs (2016 est. expenditures: 258.6 billion 15 [see also: Labor force - by occupation - services country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.)

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