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

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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

No return to pre-crisis levels before 2023

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

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GDP USD 530bn (World ranking 24, World Bank 2019)
Population 11.5mn (World ranking 80, World Bank 2019)
Form of state Constitutional parliamentary monarchy
Head of government Alexander De Croo (PM)
Next elections 2024, legislative
  • 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
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