Business Dynamics: Belgium

April 2023

Belgium ranks high in financial freedom indicators globally fostering positive business growth and expansion. Belgium’s economic stability, high level of R&D, strong infrastructure and abundance of skilled workforce continues to attract foreign investors. Moreover, being one of the leading Europe’s logistics centres and developed mobility infrastructure attracts FDI. Nevertheless, tax burden and tight labour market remains pressing issues.

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The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

Each Country Briefing covers one of these topics:

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Business Dynamics: A stable and competitive business environment is vital to operate efficiently and attract inward investment. Businesses can assess these factors alongside challenges such as corruption, political instability and terrorism, also gain insight into business operating environment and make strategic investment decisions. Transport infrastructure, ICT readiness and labour force dynamics will also identify potential issues with a supply chain and the level of workforce skills.

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The briefings cover 103 countries and identify topics of crucial interest to planners, marketers and researchers.

Business Dynamics: Belgium


Belgian companies invest in energy efficiency amidst ongoing crisis
Belgium's Financial Freedom Ranking Improves in 2022


Belgium drops two positions in global trade freedom ranking
EU allocates €3 billion to support Belgium's green and digital transition
Chart 1 Operational and Legal Environment Key Indicators
Chart 2 Index of Economic Freedom Ranking by Pillar in Belgium and Regional Comparison 2022
Chart 3 Index of Economic Freedom Ranking 2017-2022
Chart 4 Index of Economic Freedom: Judicial Effectiveness Pillar Rank in Belgium and Regional Comparison 2017-2022
Chart 5 Index of Economic Freedom: Government Integrity Pillar Rank in Belgium and Regional Comparison 2017-2022
Chart 6 Corruption Perceptions Ranking: Belgium and Regional Comparison 2017-2022
Chart 7 Key Financial and Investment Indicators
Chart 8 Index of Economic Freedom: Property Rights Pillar Rank in Belgium and Regional Comparison 2017-2022
Chart 9 Bank Claims on the Private Sector as % of GDP 2017-2022
Chart 10 Bank Nonperforming Loans to Total Gross Loans 2017-2022
Chart 11 Key Skills and Labour Indicators
Chart 12 Population Aged 15+ with Higher Education 2017-2022
Chart 13 Education Indicators 2022
Chart 14 Number of University Graduates by Programme 2022
Chart 15 Employment by Age 2022
Chart 16 Employment by Gender 2022
Chart 17 Youth Unemployment Rate 2017-2022
Chart 18 Labour Structure Change 2017-2022
Chart 19 Labour Structure Comparison 2022
Chart 20 Self Employed as % of Total Employed Population 2022
Chart 21 Index of Economic Freedom: Labour Pillar Rank in Belgium and Regional Comparison 2017-2022
Chart 22 Wage per Hour in Manufacturing Sector 2017-2022
Chart 23 Labour Market Regulations in Belgium and Regional Comparison 2022
Chart 24 Key Infrastructure Indicators
Chart 25 Index of Economic Freedom: Trade Freedom Pillar Rank in Belgium and Regional Comparison 2017-2022
Chart 26 The Top Four Largest Belgium’s Export Categories 2017-2022
Chart 27 Turnover of Transport and Storage Industry by Category in Belgium 2022
Chart 28 Transportation Mode Indicators in Belgium and Regional Comparison
Chart 29 Road Infrastructure 2022
Chart 30 Innovation and Digitalisation Key Indicators
Chart 31 Network Readiness Ranking by Pillar in Belgium and Regional Comparison 2022
Chart 32 Network Readiness Ranking for Belgium and Regional Comparison 2019-2022
Chart 33 Network Readiness Ranking: Technology Pillar for Belgium and Regional Comparison 2019-2022
Chart 34 Intellectual Property: Belgium Compared to Selected Regional Peers 2022
The 2022 Index of Economic Freedom
The Network Readiness Index (NRI) 2022

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