gdp by sector belgium

Country Report 2017 - Includes Belgium real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Services sector is the leading sector in 201 countries/economies. Government spending in Belgium was last recorded at 52.2 percent of GDP in 2019 . Belgium ranked 7th last for GDP > composition by sector > industry amongst High income OECD countries in 2012. Following the revision, Belgium's GDP contracted 11.8% in the second quarter compared with a first estimate of a 12.2% decline. Belgian economy and banking sector: national currency, GDP, inflation rate, unemployment rate, government bond yield, withholding tax rates, double taxation agreements, information exchange, FATCA, deposit guarantee, banking sector structure, deposit rates, major banks, banking products Data Source: World Bank MLA Citation: The Belgian economy is largely oriented towards services. However, thanks to Belgiu… Exports of goods and services (% of GDP) World Bank national accounts data, and OECD National Accounts data files. The country has been a member of a variety of supranational organizations, including the Belgium-Luxembourg Economic Union (BLEU), the Benelux Economic Union, and the EU. Belgium ranked #4 for human development index amongst European Union in 2006. A downside risk to our forecast is that being export-oriented, Belgium is exposed to swings in external demand. The economy rebounded in the third quarter, growing 10.7% on a seasonally-adjusted quarter-on-quarter basis, after falling 11.8% in Q2 at the height of the pandemic. As in many IEA member countries, a major challenge for Belgium is to decarbonise the economy while ensuring security of supply and affordability of energy. The Belgian insurance sector will be doubling up efforts to mitigate the negative impact of the coronavirus crisis on private individuals, households, the self-employed and companies. Belgium has Europe’s eighth biggest chemical industry, generating five percent of the value created by the sector across the continent. Belgium’s outward investment (equivalent to 95% of GDP in 2015) was almost the same size as its inward investment (98%). Gross domestic product growth in Wales was 0.3% in Quarter 4 (Oct to Dec) 2018. Download Historical Data Save as Image. DataBank. The GDP value of Netherlands represents 0.76 percent of the world economy. Accessed December 03, 2020. https://www.statista.com/statistics/525794/distribution-gross-domestic-product-gdp-across-different-economic-sectors-in-belgium/, Statbel. Public expenditure on family by type of expenditure (cash and in kind), in % GDP Public expenditure on old-age and survivors cash benefits, in % GDP Social Expenditure - Detailed data New, Everything you need to know about the industry development, Find studies from all around the internet. Belgium ranked 7th last for GDP > composition by sector > industry amongst High income OECD countries in 2012. Belgium: Economy recovers in Q3, but is likely to face headwinds in Q4. Belgium gdp growth rate for 2016 was 1.48%, a 0.55% decline from 2015. October 29, 2020. Belgium's agriculture sector is only about 1.3% of the GDP. Thematic data tables from WDI. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. Most of the agriculture in Belgium is used for the country itself. Estimates of quarterly GDP in the English regions and Wales are published here for the first time, alongside data previously published by the Scottish Government and the Northern Ireland Statistics and Research Agency (NISRA). Then you can access your favorite statistics via the star in the header. Methodology. Agriculture, value added (% of GDP) Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita Belgium boasts a dense network of rails and roadways and Europe’s second-busiest port, Antwerp. October 29, 2020. Corporate solution including all features. Bermuda ranked first for GDP > composition by sector > services amongst Latin America and Caribbean in 2012. Gross Domestic Product of Belgium grew 10.7% in the second quarter of 2020 compared to the previous quarter. Read more. Then you will be able to mark statistics as favourites and use personal statistics alerts. GDP fell 5.2% on year in the third quarter on a calendar and price-adjusted basis, the National Bank of Belgium said. Gross domestic product (GDP) As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). Updated as of 2019. Agriculture, Industry and Services sector is the largest sector of 9, 15 and 201 countries, respectively. In, Statbel. Belgium is the home to a number of international corporations and has outlets or subsidiaries of many multinational companies such as Ford, Volvo, and Renault. - … Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods. Agriculture, value added (% of GDP) Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Main points. Share of voice of media in Belgium 2017, by sector Share of economic sectors in GDP in Belize 2019 Share of economic sectors in the GDP in Trinidad and Tobago 2018 Belgium since the end of the Great Recession Belgium's services: had a negative growth (decline) of 0.39% since the end of the Great Recession click on the following link to view a complete list of countries by GDP decomposition by sector The Belgian economy also is inextricably tied to that of Europe. the Belgian economy resulting from the intermediate consumption of goods and services bought from Belgian suppliers. Country Report 2017 - Includes Belgium real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Belgium GDP (Gross Domestic Product) was INT$482.95billion for 2019 in PPP terms. According to a study commissioned by the Government on the immediate effects on the economy, in the months following the attacks, the unemployment rate in the catering sector grew by 186% and in the hospitality industry by 157%. Belgium ranked #4 for human development index amongst European Union in 2006. October 29, 2020. Definition: This entry shows where production takes place in an economy. The Belgian Government reacted to the 1973 and 1979 oil price hikes by hiring the redundant work force into the public sector and subsidizing industries like coal, steel, textiles, glass, and shipbuilding, which had lost their international competitive edge. Gibraltar has 100% of gdp in services sector, other two sectors has zero output. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Facts and statistics about the GDP - composition by sector of Belgium. This indicator is based on nominal GDP (also called GDP at current prices or GDP in value) and is available in different measures: US dollars and US dollars per capita (current PPPs). Djibouti ranked first for GDP > composition by sector > services amongst Sub-Saharan Africa in 2012. Chart. According to DeRedactie.be, Belgian news portal, at the end of 2016 terrorism attacks caused a loss of 2.4bn euros of the GDP. Economic Survey of Belgium 2020. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Number of companies in France 2017, by number of employees, Number of companies created in France 2018, by business sector, Number of companies in France 2017, by size. BELGIUM TRADE AND INVESTMENT STATISTICAL NOTE Over one-third (34% in 2014) of economic activity (GDP) in Belgium depends on foreign markets, around the same as in the Netherlands and Austria. Even this bleak outlook is subject to great uncertainty and significant downside risks. De implementatie van de GDP-richtlijnen doorheen de gehele supply chain is een minimumvereiste voor alle logistieke spelers in de farmaceutische sector. 1.3.1 A Gateway to Europe October 9, 2020 The vast majority of investment in the EU-27 was made by the private sector, as can be seen from Table 5: in 2019, investment by businesses and households accounted for 19.4 % of the EU-27’s GDP, whereas the equivalent figure for public sector investment was 3.0 %. Although Belgium is a wealthy country, public expenditures far exceeded income for many years, and taxes were not diligently pursued. Please refer to the dataset Gross domestic product (GDP), 2019 archive to access longer time series based on the methodology prior to the 2019 benchmark revisions. Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Belgium economic outlook, debt to GDP ratio, international trade performance and population trends. Not a lot is exported, but chocolate and processed foods are some agriculture-related items that are exported. sector to the Belgian GDP and its positive effects on domestic employment are the result of a great number of key competitive advantages that Belgium has to offer, such as geographical location, infrastructure and accessibility. A hard brexitwould also have a major impact on EU-27 Textiles industry with nearly 130 000 jobs lost. 30 countries receive more than 80 percent of their GDP from services sector. Belgium ranked second last for GDP > composition by sector > agriculture amongst European Union in 2012. The Gross Domestic Product (GDP) in Belgium was worth 529.61 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Industry includes mining, manufacturing, energy production, and construction. Roughly three-quarters of Belgium's trade is with other EU countries, and the port of Zeebrugge conducts almost half its trade with the United Kingdom alone, leaving Belgium’s economy vulnerable to the outcome of negotiations on the UK’s exit from the EU. $39 per month* Please authenticate by going to "My account" → "Administration". Chad has lowest 27% contribution by services sector in its economy. ", Statbel, Gross Domestic Product (GDP) in Belgium in 2018, by economic sector (in million euros) Statista, https://www.statista.com/statistics/525794/distribution-gross-domestic-product-gdp-across-different-economic-sectors-in-belgium/ (last visited December 03, 2020), Gross Domestic Product (GDP) in Belgium in 2018, by economic sector, Number of companies in France 2017, by business sector, Corporate pre-tax turnover of French companies 2016, by sector of activity, Net salary by business sector in France in 2016, Distribution of companies created in France 2012-2018, by legal status, Number of micro-businesses created in France 2018, by business line, Number of social and solidarity economy enterprises created in France 2017, Wish of French people to manage or to set up their own company 2018, Share of French people who want to create their own company 2018, by gender, Share of French people who want to create their own company 2018, by age, Breakdown of taxes on companies in France 2018, by type of tax, France: number of taxable companies for corporate taxes 2010-2018, France: number of companies paying VAT 2012-2018, Companies: time dedicated to administrative tasks 2017, by country, Level of entrepreneurial spirit in France 2018, Personal motivations of the French for being an entrepreneur 2011-2016, People entering entrepreneurship due to lack of jobs worldwide 2017, by country, Number of French entrepreneurs 2012, by status and gender, Income of business leaders in France 2012, by gender and company size, Average income of business leaders of large companies in 2015, by country, Mood of business leaders in France February 2019, Mood of business leaders in France February 2019, by business line, Mood of business leaders in France February 2019, by company size, Evaluation of the current situation by business leaders in France February 2019, Evaluation of executives on the current situation in France 2019, by company size, Evaluation on the current situation by executives in France 2019, by business line, Share of French business leaders who are worried or not about Brexit 2019, Ranking of the highest-earning CEOs in the world 2015, Share of companies planning to recruit worldwide 2017, by country, Hiring objectives of business leaders in France February 2020, Hiring objectives of business leaders in France February 2020, by business line, Hiring objectives of business leaders in France February 2020, by company size, Defects in a job application according to French recruiters 2016, Reasons for recruiting a candidate for a job in France 2016, Most important elements for an effective job offer in France 2016, Difficulties encountered by HR professionals when recruiting in France 2016, Employment in Italy 2018, by economic sector, Saudi Arabia's GDP by economic activity 2018, Monthly PPI for agriculture, forestry and fishing in Malaysia 2018-2019, Czech Republic: gross domestic product (GDP) per capita in PPS 2005-2017, GDP per capita index in Italy 2005-2025, by macro-region, Number of industrial parks in Vietnam 1991-2016, Leading 16 cities with the largest industrial added value in Italy 2008, Gross Domestic Product (GDP) in Belgium in 2018, by economic sector (in million euros), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, Trade, transport, hotels, restaurants and cafes. 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