High energy prices to strongly impact economic performance

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Swipe to view more

GDP USD 599.9bn (World ranking 23, World Bank 2021)
Population 11.6mn (World ranking 80, World Bank 2021)
Form of state Constitutional parliamentary monarchy
Head of government Alexander De Croo (PM)
Next elections 2024, legislative
Updated in October 2022.
  • Strong business environment
  • Diversified export structure in terms of products
  • High company profitability and equity ratios
  • High-skilled workforce
  • High share of foreign direct investments
  • High level of innovation
  • One of the highest tax burdens on the private sector in the EU
  • Very high corporate debt
  • High public debt
  • High dependency on the Eurozone business cycle
  • High external liabilities

Trade structure by destination/origin

(% of total, annual 2020)

Exports Rank Imports
Germany 16.6%
1
19.0% Netherlands
France 13.2%
2
14.4% Germany
Netherlands 11.6%
3
11.2% France
United States 8.6%
4
5.3% United States
United Kingdom 6.0%
5
4.9% Italy

Trade structure by product

(% of total, annual 2020)

Exports Rank Imports
Medicinal and pharmaceutical products 16.4%
1
13.1% Medicinal and pharmaceutical products
Road vehicles 11.7%
2
11.9% Road Vehicles
Organic chemicals 6.3%
3
6.2% Petroleum, petroleum products and related materials
Petroleum, petroleum products and related materials 4.1%
4
6.0% Organic chemicals
Plastics in primary forms 3.9%
5
4.6% Electrical machinery, apparatus and appliances, n.e.s.
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East