Belgium - In-depth PESTLE insights

Belgium - In-depth PESTLE insights

Summary

This PESTLE country analysis report on Belgium provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.

Synopsis

- Understand the political system in Belgium through analysis of key figures in the country and governance indicators.
- Understand the economic situation in Belgium through a balanced assessment of core macroeconomic issues.
- Understand customer demographics in Belgium through analysis of income distribution and the rural-urban split, as well as healthcare and education.
- Understand the technological landscape in Belgium through analysis of relevant laws and policies, as well as patents data.

Scope

- The political landscape section discusses the evolution of the political scenario in Belgium, as well as the countrys economic, social, foreign, and defense policies. The section also discusses the countrys performance according to World Bank Governance Indicators.
- The economic landscape section outlines the evolution of Belgiums economy, as well as the countrys performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment.
- The social landscape section analyzes the governments social welfare policies, as well as the countrys performance in terms of healthcare, income distribution, and education.

Reasons to buy

- What is the outlook in Belgium in terms of political stability, policies towards business, and the popularity of the government?
- How does Belgium perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?
- How does Belgium perform in terms of healthcare, income distribution, and education?
- How does Belgium perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?

Overview 2
Catalyst 2
Summary 2
Key findings 2
PESTLE highlights 4
Key fundamentals 6
List of figures 10
Key Facts and Geographic Location 14
Key facts 14
Geographical location 15
PESTLE Analysis 16
Summary 16
Political analysis 17
Overview 17
Current strengths 17
Current challenges 18
Future prospects 19
Future risks 19
Economic analysis 20
Overview 20
Current strengths 20
Current challenges 21
Future prospects 26
Future risks 27
Overheated property markets 27
Social analysis 29
Overview 29
Current strengths 29
Current challenges 31
Future prospects 34
Future risks 34
Technological analysis 38
Overview 38
Current strengths 38
Current challenges 39
Future prospects 39
Future risks 40
Legal analysis 41
Overview 41
Current strengths 41
Current challenges 42
Future prospects 42
Future risks 42
Environmental analysis 44
Overview 44
Current strengths 44
Current challenges 45
Future prospects 46
Future risks 46
Political Landscape 47
Summary 47
Evolution 47
Pre-1945 47
1946-1995 48
1996-2017 49
Structure and policies 50
Key political figures 50
Structure of government 50
Key political parties 51
Composition of government 52
Key policies 52
Performance 54
Governance indicators 54
Outlook 55
Economic Landscape 56
Summary 56
Evolution 56
Pre-1945 56
1946-1990 56
1991-2017 57
Structure and policies 58
Financial authorities and regulators 58
Stock market 59
Insurance 59
Performance 59
GDP and growth rate 59
GDP composition by sector 61
Fiscal situation 64
International investment position 65
Key monetary indicators 65
Unemployment 67
Outlook 67
Social Landscape 68
Summary 68
Evolution 68
Structure and policies 68
Demographic composition 68
Education 70
Healthcare 71
Social welfare 71
Performance 71
Healthcare 71
Income distribution 72
Education 72
Outlook 73
Technological Landscape 74
Summary 74
Evolution 74
Structure and policies 74
R&D 75
Performance 75
Mobile and internet 75
Outlook 76
Legal Landscape 77
Summary 77
Evolution 77
Structure and policies 77
Judicial system 77
Tax regulations 78
Labor laws 79
Trade regulations 79
Performance 79
Effectiveness of the legal system 79
Outlook 79
Environmental Landscape 80
Summary 80
Evolution 80
Structure and policies 80
Environmental regulations 80
Performance 81
Environmental impact 81
Outlook 81
Appendix 83
Ask the analyst 83
Disclaimer 83

List Of Tables

Table 1: Belgium - Key Fundamentals ($ Billion / %), 2014-2021 6
Table 2: Belgium - Key Facts, 2017 14
Table 3: Analysis of Belgiums Political Landscape 17
Table 4: Analysis of Belgiums Economic Landscape, 2017 20
Table 5: Analysis of Belgiums Social Landscape 29
Table 6: Analysis of Belgiums Technology Landscape 38
Table 7: Patents Granted by the US Patent and Trademark Office (Thousand), 2010-2015 40
Table 8: Analysis of Belgiums Legal Landscape 41
Table 9: Analysis of Belgiums Environmental Landscape 44
Table 10: Population by Age (Percentage of Population, by Gender) in 2016 69

List Of Figures

Figure 1: Map of Belgium 15
Figure 2: GDP per Hours Worked ($)2015 21
Figure 3: General Government Balance, (EUR), 2009-2016 22
Figure 4: General Government Gross Debt in Selected European Countries (%), 2005-2016 23
Figure 5: Nominal Unit Labor Cost Index (2010 = 100), 2005-2016 24
Figure 6: Real Effective Exchange Rate (2005 = 100) 2005-2016 25
Figure 7: Tax Wedge (Percentage of Labor Cost), 2016 26
Figure 8: House Price Index, 2014Q4-2017Q1 28
Figure 9: Better Life Index, 2016 30
Figure 10: Social Expenditure (Percentage of GDP), 2016 31
Figure 11: Pension Costs (Percentage of GDP) 2010-2060 32
Figure 12: Old Age Dependency Ratio (Percentage of Working Age Population), 2010-2016 33
Figure 13: Employment Rates (Percentage of Working Population), 2016 34
Figure 14: Employment and Unemployment Rates by Region (%), 2015 35
Figure 15: Regional Unemployment Rates (%), 2016 36
Figure 16: Foreign-Born Unemployment (%), 2016 37
Figure 17: Inflow of Foreign Population (Thousands), 2000-2015 37
Figure 18: R&D Expenditure (Percentage of GDP), 2000-2015 39
Figure 19: Congestion in Cities, 2016 45
Figure 20: CO2 Prices Implicit in Diesel Excise Taxes after Adjusting for Externalities (EUR), 2013Q1 46
Figure 21: Belgium - Key Political Events since Independence 48
Figure 22: Key Political Figures, 2017 50
Figure 23: Structure of Government 51
Figure 24: Belgium Chamber of Representatives after the May 2014 Elections 52
Figure 25: Belgiums Historical GDP Growth (%), 2006-2016 58
Figure 26: GDP and GDP growth Rate ($ Billion), 2011-2021f 60
Figure 27: GDP Composition by Sector (%), 2016 61
Figure 28: Agricultural Output (EUR Billion), 2011-2016 62
Figure 29: Industrial Output, 2011-2016 63
Figure 30: Service Output (EUR Billion), 2011-2016 64
Figure 31: External Trade ($ Billion), 2012-2016 65
Figure 32: Consumer Price Index and Index-Based Inflation, 2011-2021f 66
Figure 33: Unemployment Rate (Thousands), 2011-2021f 67
Figure 34: Religious Composition (%), 2016 70
Figure 35: Healthcare Expenditure ($ Billion), 2009-2015 72
Figure 36: Educational Expenditure ($ Billion), 2010-2015 73
Figure 37: Internet Users (Millions), 2012-2016 76
Figure 38: Belgiums Judicial Structure, 2017 78
Figure 39: CO2 Emissions (Tons), 2008-2015 81

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