Belgium PESTLE Insights - A Macroeconomic Outlook Report

Belgium PESTLE Insights - A Macroeconomic Outlook Report

  • February 2021 •
  • 45 pages •
  • Report ID: 6033397 •
  • Format: PDF
Belgium PESTLE Insights - A Macroeconomic Outlook Report

Financial intermediation contributed 30.7% of Belgium’s gross value added (GVA) in 2020e, followed by mining, manufacturing and utilities (15.1%), and wholesale, retail and hotels (14.7%). In nominal terms, the three sectors are forecast to grow by 8.35%, 4.63% and 9.24%, respectively, in 2021.

The Flemish region is among the best performing regions in Belgium. It contributed 58.7% of GDP in 2018 and comprised 57.6% of the Belgian population in 2019.

- In H1 2020, Belgium’s net FDI inflows stood at US$1.45bn, compared to -US$34.9bn in H1 2019
- The BEL 20 (^BFX) index exhibited a declining trend due to COVID-19; however, the index has recovered recently but is yet to reach pre-pandemic levels. As of January 20, 2021, the BEL 20 (^BFX) index stood at 3,713.33, compared to 4,012.67 on January 20, 2020.

Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.

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