Country Fact Sheet: Belgium
The Kingdom of Belgium shares its borders with France, Luxembourg and the Netherlands. It is about the size of Maryland and covers an area of 30,528 sq. kilometers. Belgium’s total population is 10.4 million and is growing at about 0.05% with 97% living in urban areas. The official languages are Dutch (60%), French (40%) and German (less than 1%). The capital city of Brussels has a population of 1.03 million and is legally bilingual (French, Dutch). The people are governed by a federal parliamentary democracy under a constitutional monarch and are predominantly Roman Catholic. Belgium was one of the six founding members of the European Union and adopted the Euro as currency in 1999.
About 75 percent of Belgium’s trade is with other European Union countries and other trade partner’s include the United States and China. Its primary imports are machinery and equipment, chemical products, diamonds, pharmaceuticals, and oil products. Exports consist of transportation equipment, diamonds, and metals and metal products. Belgium’s GDP (Purchasing Power Parity) is $427.2 billion and has been decreasing at a rate of0.2% with an inflation rate of 2.4%. Belgium ranked 22nd out of 185 countries in the World Bank Group’s Ease of Doing Business Ranking.Click here to search for Businesses Franchising Internationally
|Demographic Data||Economic Data||Cultural & Other Data|
|Area (sq. km.)||30,528||GDP (PPP, $bn)||427.2||Capital||Brussels|
|Population (million)||10.44||GDP Real Growth (%)||-0.2||Other Large Cities||Antwerp, Ghent|
|Population Growth (%)||0.05||PerCap GDP ($)||38,500||Primary Language||Dutch|
|Population Under 15yrs (%)||15.7||Prime Lending Rate (%)||4.3||Urbanization (%)||97|
|Population below poverty line (%)||15.2||Inflation Rate%||2.4||Urban Growth (%)||0.4|
|Agricultural Workers (% of population)||2||Unemployment%||7.6||Literacy (population %)||99|
|Industrial Workers (% of population)||25||Foreign Direct Investment ($bn)||1.184||Education spending % of GDP||6.6|
|Service Workers (% of population)||73||Debt-External ($bn)||1.424||CPI Score (1-100)*||75|
|Labor Force (mil)||5055||Exports ($bn)||314.6||Corporate Income Tax %||33.99|
|Imports ($bn)||352.2||Ease of Doing Business Ranking **||33|
Click the links below for articles with more information on Franchising in Belgium
Doing Business in Belgium (2013)
* CPI Score is published by Transparency International and relates to the perceptions of the degree of corruption as seen by business people and country analysts and ranges between 100 (highly clean) and 0 (highly corrupt).
**Ease of Doing Business Ranking is determined by the World Bank Group and is ranked out of a possible 185 countries. www.doingbusiness.org
Most recent statistics have been taken from the CIA World Factbook unless noted otherwise.
International Franchising Opportunities
After you have finished researching the international markets, learning international expansion strategies and best practices, and understanding the basics of international franchising law, IFA provides numerous opportunities for franchising internationally.