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Belgium

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 vulnerable to volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU countries and its overall current account deficit widened to 4% of GDP in 2009. Public debt is nearly 100% of GDP. On...  More..

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Economy of Belgium
SOURCE: CIA - The World Factbook
Currency Euro
GDP (PPP) $381 billion (2009 est.)
GDP (per capita) $36,600 (2009 est.)
Exports $296.1 billion (2009 est.)
Imports $315 billion (2009 est.)
Main Industries Engineering and Metal Products, Motor Vehicle Assembly, Transportation Equipment, Scientific Instruments, Processed Food and Beverages, Chemicals, Basic Metals, Textiles, Glass, Petroleum
Exports - Commodities Machinery and Equipment, Chemicals, Finished Diamonds, Metals and Metal Products, Foodstuffs
Imports - Commodities Raw Materials, Machinery and Equipment, Chemicals, Raw Diamonds, Pharmaceuticals, Foodstuffs, Transportation Equipment, Oil Products
Exports Partners Germany 19.8%, France 17.4%, Netherlands 12.2%, UK 7.2%, US 4.8%, Italy 4.7% (2008)
Imports Partners Netherlands 19.4%, Germany 17.2%, France 11%, UK 5.7%, US 5.5%, China 4.1% (2008)

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