IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL BELGIUM

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Brussels

2016 2017 2018 2019 2020

31 2019

0.893 2019 11.48 2019 530.2 2019 49,891 2019 1.4 2019 1.25 2019 5.40 2019 5.04 2019 -1.23 2019 522.3 2018 -5.38 2019

Exchange Rate (per $)

22

23

25

26

27

34

Population - market size (millions)

CHALLENGES IN 2020 Return the economy to its potential growth rate. Efforts to reduce the tax wedge must be continued. • Return the economy to its potential growth rate. • Efforts to reduce the tax wedge must be continued. • Promote continuous training throughout the career. • Better guidance towards STEM and technical jobs. • Closing the infrastructure investment gap.

25

Gross Domestic Product (GDP) (US$ billions)

20

GDP (PPP) per capita (US$)

43

Real GDP growth (%)

22

Consumer price inflation (%)

36

Unemployment rate (%)

38

Labor force (millions)

45

Current account balance (% of GDP)

15

Direct investment stocks inward ($bn)

FEB - Federation of Enterprises in Belgium, Brussels Provid by: FEB - Federation of Enterprises in Belgium, Brussels

61

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

10

11

13

15

16

20 17 19

24

26

26 26

26

33

36

40 39

44

52

62

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS < 20 MILLION (34 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

15

16

16

14

15

17

17

16

16

17

57

IMD WORLD COMPETITIVENESS BOOKLET 2020