Belgium

Belgium is an industrial state with intensive agriculture. One of the world's leading exporters of ferrous and non-ferrous metals (about 40% of industrial products are exported). Of the branches of mechanical engineering, the most developed are car assembly, electrical engineering and radioelectronic. It is known for the production of wool and synthetic carpets.

73% of GDP is created in the service sector, 25.7% in industry and construction, and 1.3% in agriculture. The most important feature of the Belgian economy is the predominance of bank capital in the assets of leading corporations.

The prospects for profitability growth of Belgian companies depend on two factors: the state of the global economy and the labor market., The Belgian economy, which specializes in intermediate goods, will receive more profits at the upper points of the global demand curve.

Belgium is mainly a trading country. About 80% of Belgium's trade is accounted for by the member countries of the European Union. With such a high percentage, the country is moving towards diversification and expansion of trade relations with non-EU countries.

The food industry occupies a significant place in the country's economy. Also, the share of Belgian companies accounted for 16% of the turnover of the biotechnology industry in the European Union and about 10% of the costs of research activities.

Over the past 20 years, Belgium has produced an average of about 1 million cars per year, most of which were intended for export.

Belgium is an ideal location for a logistics base and distribution center in mainland Europe.
The capital of Belgium, Brussels, is a strategic location, an attractive real estate market for the main offices of large European corporations, since the main bodies of the European Union are present here.

According to the U.S. Energy Information Administration and EES EAEC data, there are no proven recoverable reserves of natural energy resources in Belgium. In general, Belgium is a net importer and, above all, of natural energy carriers. Installed capacity of generating sources (at the end of 2019) — 24060 MW

Belgium is one of the leading steel producers in the EU. The ferrous metallurgy of Belgium specializes in the production of rolled cars, stainless steel, blanks, steel wire and other finished steel products. Belgium is one of the leaders of the European Union in the production and export of non—ferrous metals. Belgium also produces cobalt, germanium, tantalum, selenium, niobium and other rare metals.

Agriculture is highly intensive, but does not play a significant role in the country's economy. Agricultural lands make up about 1/4 of the country's territory, including 65% under forage crops and pastures. About 15% of farmland is sown with grain crops (more than half of the grain needs are met by imports). Dairy and meat animal husbandry is the leading branch of agriculture in Belgium, giving over 70% of the cost of agricultural products.

Shrimp fishing; breeding of mussels, oysters, trout, carp in freshwater reservoirs.

About 600 different brands of beer are produced in the country, some of them are 400-500 years old.