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Macroeconomic Opportunities and PESTLE Analysis of Belgium 2017

Macroeconomic Opportunities and PESTLE Analysis of Belgium 2017

Belgium economy is dominated by the service sector, which contributed approximately 79.5% to the total GDP in 2016. Wholesale & retail trade is the major contributing 17.4% of GDP. The government of Belgium is expected to increase investment on number of projects that will help further develop on various sectors such as infrastructure, health, and education. Belgium has Sustainable Development Goals which provides direction for prioritizing capital expenditure, encouraging private investment and creating jobs for nationals in the private sector. The Belgian government is focusing on tax reforms, which will encourage the consumer spending and move the economy toward an externally sustainable path.


1. Executive Summary
2. Political Analysis of Belgium
2.1: Structure and Stability of Government
2.2: Government Policy Agenda
2.2.1: Policy Agenda – Reforms and Future Plans
3. Economic Analysis of Belgium
3.1: Sectoral Contribution to GDP and GDP Growth Rate
3.2: Macroeconomic Forecast and Scenario Analysis (2017-2022)
3.3: Pricing Trends - Inflation and Interest Rates
3.4: Consumption, Saving, and Investment Trends
3.5: International Trade and Its Contribution to GDP
3.6: Foreign Direct Investment
4. Economic and Business Risk Analysis of Belgium
4.1: Risk in Current Account Balance
4.2: Terms of Trade in Belgium
4.3: Risk in Balance of Payment (BOP)
4.4: Risk in Fiscal Deficit
4.5: Risk in External Sector
4.5.1: External Debt and Default Risk
4.5.2: Risk in Foreign Exchange Reserves and Exchange Rate
4.6: Credit Rating of Countries
5. Social Analysis of Belgium
5.1: Social and Demographic Analysis
5.2: Labor Market
5.3: Social Development Index
6. R&D and Technological Factors of Belgium
6.1: R&D Expenditure in Belgium
6.2: Impact of Technology in Various Industries
6.3: Technology Policy
7. Legal Analysis of Belgium
7.1: Company Law
7.2: Labor Law
7.3: Tax Law
7.4: Recent Economic Policies
7.5: Doing Business in Belgium
8. Environmental Analysis of Belgium
8.1: Environmental Policy
9. SWOT Analysis – Search of Potential Opportunities in Belgium
List of Figures
Chapter 3. Economic Analysis of Belgium
Figure 3.1: Economic Scenario of Major Countries in 2016
Figure 3.2: Trends of the Real GDP Growth Rate
Figure 3.3: Scenario Analysis of GDP Forecast
Figure 3.4: Trends of the Per Capita Income
Figure 3.5: Sectoral Contribution to GDP in 2016
Figure 3.6: Share of Different Sectors as Percentage of GDP in 2016
Figure 3.7: Annual Trends of Inflation and Interest Rates
Figure 3.8: Quarterly Inflation Rate of Belgium
Figure 3.9: Quarterly Interest Rate of Belgium
Figure 3.10: Trends of Savings and Investments as Percentage of GDP
Figure 3.11: Trends of Consumption Expenditure as Percentage of GDP
Figure 3.12: Trends of International Trade Structure
Figure 3.13: Belgium’s Exports by Commodity in 2011
Figure 3.14: Belgium’s Exports by Commodity in 2016
Figure 3.15: Belgium’s Imports by Commodity in 2011
Figure 3.16: Belgium’s Imports by Commodity in 2016
Figure 3.17: Belgium’s Exports by Country in 2011
Figure 3.18: Belgium’s Exports by Country in 2016
Figure 3.19: Belgium’s Imports by Country in 2011
Figure 3.20: Belgium’s Imports by Country in 2016
Figure 3.21: Trends of Exports and Imports as Percentage of GDP
Figure 3.22: Trends of FDI in Belgium
Chapter 4. Economic and Business Risk Analysis of Belgium
Figure 4.1: Trends of Current Account Balance and Percentage of GDP
Figure 4.2: Terms of Trade in Belgium
Figure 4.3: Trends of Balance of Payment
Figure 4.4: Trends of Government Revenue and Expenditure as Percentage of GDP
Figure 4.5: Trends of Fiscal Balance as Percentage of GDP
Figure 4.6: Trends of Gross Government Debt as Percentage of GDP
Figure 4.7: Trends of Foreign Exchange Reserves and Exchange Rate
Chapter 5. Social Analysis of Belgium
Figure 5.1: Political Map of Belgium
Figure 5.2: Trends of Population and Population Growth Rate
Figure 5.3: Population Age Structure
Figure 5.4: Trends of Unemployment Rate in Belgium
Chapter 6. R&D and Technological Factors of Belgium
Figure 6.1: Trends of R&D Expenditure in Belgium
List of Tables
Chapter 1. Executive Summary
Table 1.1: Factors Affecting Business in Belgium
Chapter 2. Political Analysis of Belgium
Table 2.1: Political Factors and Their Impact on Business
Chapter 3. Economic Analysis of Belgium
Table 3.1: Factors Affecting Industry Growth
Table 3.2: Economic Factors and Their Impact on Business
Chapter 4. Economic and Business Risk Analysis of Belgium
Table 4.1: Credit Rating of Countries by Moody’s, Fitch, and S&P
Table 4.2: Economic Risk Factors and Their Impact on Business
Chapter 5. Social Analysis of Belgium
Table 5.1: Corruption, GINI, Homicide, and Human Development Index
Table 5.2: Social Factors and Their Impact on Business
Chapter 6. R&D and Technological Factors of Belgium
Table 6.1: Technological Factor and Their Impact on Business
Chapter 7. Legal Analysis of Belgium
Table 7.1: Tax Rates in Belgium, 2017
Table 7.2: Indicators for Starting a Business
Table 7.3: Ranking in 2017 for Ease of Doing Business
Table 7.4: Legal Factors and Their Impact on Business
Chapter 8. Environmental Analysis of Belgium
Table 8.1: Environmental Factors and Their Impact on Business

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