Population:10,444,268 (July 2013 est.)
Age structure:0-14 years: 15.7% (male 835,569/female 801,959)
15-24 years: 11.8% (male 629,753/female 603,550)
25-54 years: 40.6% (male 2,145,075/female 2,100,014)
55-64 years: 13.2% (male 681,946/female 695,188)
65 years and over: 18.7% (male 819,694/female 1,131,520) (2013
Median age: total: 42.8 years
male: 41.5 years
female: 44.2 years (2013 est.).
Population growth rate0.05% (2013 est.)
Birth rate10 births/1,000 population (2013 est.)
Death rate10.7 deaths/1,000 population (2013 est.)
3. ECONOMIC INDICATORS OF BELGIUM
4. CURRENCY CONVERSIONS
1 euro = 1.36 us dollar.
1 euro = 83.8 INR.
5. BACKGROUND OF BELGIUM
With a population of 10.4 million people in a
territory comparable to the state of Maryland, Belgium is
a densely populated country, sitting on the cultural and
linguistic border of Germanic and Latin Europe.
In December 2011, the new Di Rupo government
came to power, after 540 days of political stalemate.
The Belgian capital of Brussels is home to the
headquarters of the European Union (EU) and of the
North Atlantic Treaty Organization (NATO), as well as
hundreds of international institutions, associations and
6. MARKET OVERVIEW
Belgium enjoys one of the highest per capita incomes in
Europe, with a relatively balanced income distribution,
resulting in widely-spread purchasing power.
The U.S. ranks as Belgium’s 5th principal trading partner;
with Belgium ranked 18th for largest U.S. trading partner.
Bilateral trade was worth over $41 billion for the year 2010.
Moreover is Belgium successful in the international rankings.
TI Corruption Perceptions Index 2011, Rank 19
Heritage Economic Freedom Index 2011, Rank 32
World Bank Doing Business 2012, Rank 28
7. MARKET ENTRY
Exporters can penetrate the Belgian market through
importers/distributors, wholesalers or specialized retailers,
depending on their products and their company size.
Interested exporters will have to focus on innovation, quality and
competitive pricing to successfully penetrate the market.
Belgium is a highly competitive market in which the Belgian
importer is looking for the best quality at the lowest price.
It is important to remember that while Belgium is a significant
market in its own right, it is also the country of entry for many
imports originating from many countries, with final destinations all
8. INVESTING IN BELGIUM
Potential investors: Getting Started
If you are considering investment in Belgium, here are some
steps you may wish to consider as you get started:
Register with the U.S. Embassy – If you are planning a visit to
consider investment, let us know by sending an email to the
contact addresses on this page.
Visit host country resources, such as Foreign Investment
• Invest in Wallonia
• Flanders Investment & Trade (FIT)
• Brussels Enterprise Agency (BEA)
Contact local U.S. business support organizations, such as
the American Chamber of Commerce in Belgium or American
Chamber of Commerce to the European Union.
Subscribe to our embassy Facebook page or Twitter feed.
Current investors: Staying Connected
If you are a current U.S. investor in Belgium, the U.S
Embassy wants to stay in touch. Here are a few steps
you can take to keep the channels of communication
Register with the U.S. Embassy – If you are active in
Belgium, let us know by sending an email to the contact
addresses on this page.
Add us to your mailing lists – we are always happy to
Subscribe to our embassy Facebook page or Twitter
Set up a meeting with our economic or commercial team
to discuss any issues that arise
10. INVESTMENT CLIMATE
Belgium has traditionally maintained an open economy,
highly dependent on international trade for its well-being.
Since WWII, foreign investment has played a vital role in the
Belgian economy, providing technology and employment.
Both the federal and the regional governments encourage
foreign investment on a national treatment basis.
Belgium's legal system is independent of the government and
is a means for resolving commercial disputes or protecting
property rights. Belgium is a member of the International
Center for the Settlement of Investment Disputes (ICSID) and
regularly includes provision for ICSID arbitration in
11. EXPORTS OF BELGIUM
According to the 2009 estimates, Belgium had an
export volume of $296.1 billion and ranked 13thin
the world. This, however, showed a tremendous
drop from the 2008 figures, which shone bright at
$371.5 billion. The various export commodities
Machinery and equipment
Metals and metal products
12. IMPORTS OF BELGIUM
According to the 2009 estimates, Belgium reported its
import volume at $315 billion and ranked 11th in the
world. This was, however, lower than the 2008 figure of
The various imported commodities are:
Machinery and equipment