Belgium economy is dominated by the service sector, which contributed approximately 79.5% to the total GDP in 2016.
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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.
Lucintel, a leading global management consulting and market research firm, has analyzed the political, economic, social, technological, legal, and environmental factors of Belgium and has come up with a comprehensive research report, “PESTLE Analysis of Belgium 2017”. This report provides an analysis of the Belgian economy from historical, current, and future perspectives. SWOT analysis, scenario analysis, and risk analysis of Belgium is also included in the report. The report also includes forecast for Belgium economic growth through 2022.
The report highlights various drivers and challenges which have influence on investment decisions in the economy. Belgium is a politically stable country, which follows a constitutional monarchy and a decentralized unitary state. Belgium is highly dependent on exports to European countries, which is one of the main challenges. The other challenge Belgian economy is high government debt. Belgium has to depend on other countries for food because Belgium has very low agriculture productivity. The drivers for investment decision in Belgium are its Strategic location which enables to tap the major markets of Europe, such as Germany, the Netherlands, Italy, and France. The country has highly developed transport network and diversified industrial and commercial base.
This 83-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesklucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time. Lucintel offerings include SWOT Matrix, Due Diligence, Mergers & Acquisitions, Industry/Market Analysis and Strategic Growth Consulting.
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