Country Analysis Report: Belgium, In-depth PESTLE Insights

Published: June 2013

Publisher: MarketLine

Product ref: 178838

Pages: 77

Format: PDF

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Price: $ 350.00

Report description

The Belgian economy in 2010 registered a growth rate of 2.42% after recovering from recession in 2009. However, due to the ongoing European debt crisis, GDP growth dropped to 1.80% in 2011. The economy went into recession in 2012 with GDP contracting by 0.20%..

Features and benefits

  • Understand how Belgium can be used to plan business investments or market entry through a holistic view of the country.
  • Gain an understanding of the political situation in Belgium, including key figures in the country and governance indicators.
  • Understand customer demographics in Belgium through analysis of income distribution and the rural-urban split, as well as healthcare and education.

Highlights

The PESTLE analysis of Belgium identifies issues that affect the country's performance using the strengths, weaknesses, opportunities, and threats (SWOT) framework.

The political landscape section discusses the evolution of the political scenario in Belgium, as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators.

The economic landscape section outlines the evolution of Belgium's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment.

Your key questions answered

  • How does Belgium perform in terms of technology-intensive sectors like telecoms and IT, patents, and R&D expenditure trends?
  • What is the legal structure in Belgium and are the laws conducive to investment?
  • How does Belgium perform in terms of environmental indicators and its environmental policies?
  • How does Belgium perform in terms of healthcare, income distribution, and education?

Table of contents

OVERVIEW
Catalyst
Summary
Key findings
PESTLE highlights
Key fundamentals

KEY FACTS AND GEOGRAPHIC LOCATION
Key facts
Geographical location

PESTLE ANALYSIS
Summary
Political analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Economic analysis
Overview
Current strengths
Strong financial position of the households
Current challenges
Future prospects
Future risks
Overheated property markets
Social analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Technological analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Legal analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Environmental analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks

POLITICAL LANDSCAPE
Summary
Evolution
Pre-19

1946–95

1996–2012
Structure and policies
Key political figures
Structure of government
Key political parties
Composition of government
Key policies
Performance
Governance indicators
Outlook

ECONOMIC LANDSCAPE
Summary
Evolution
Pre-19

1946–90

1991–2012
Structure and policies
Financial authorities and regulators
Stock market
Insurance
According to MarketLine, the Belgian insurance market had total gross written premiums of $41.1 billion in 2011, representing a compound annual rate of change (CARC) of -2.6% between 2007 and 2011. In comparison, the French market declined with a CARC of -0.2%, and the German market increased with a CAGR (compound annual growth rate) of 1.9%, over the same period, to reach respective values of $273 billion and $244.9 billion in 2011. The life insurance segment was the market's most lucrative in 2011, with total gross written premiums of $25.9 billion, equivalent to 63.2% of the market's overall value. The non-life insurance segment contributed gross written premiums of $15.1 billion in 2011, equating to 36.8% of the market's aggregate value.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 1.3% during 2011–16, which is expected to drive the market to a value of $43.9 billion by the end of 2016. Comparatively, the French and German markets will grow with CAGRs of 1.8% and 0.3% respectively, over the same period, to reach respective values of $298.7 billion and $248.9 billion in 2016.
Performance
GDP and growth rate
GDP composition by sector
Fiscal situation
International investment position
Key monetary indicators
Employment
Outlook

SOCIAL LANDSCAPE
Summary
Evolution
Structure and policies
Demographic composition
Education
Healthcare
Social welfare
Performance
Healthcare
Income distribution
Education
Outlook

TECHNOLOGICAL LANDSCAPE
Summary
Evolution
Structure and policies

R&D
Performance
Mobile and Internet
Outlook

LEGAL LANDSCAPE
Summary
Evolution
Structure and policies
Judicial system
Tax regulations
Labor laws
Trade regulations
Corporate governance
Performance
Effectiveness of the legal system
Outlook

ENVIRONMENTAL LANDSCAPE
Summary
Evolution
Structure and policies
Environmental regulations
Performance
Renewable energy
The Belgian renewable energy market had total revenues of $2.3 billion in 2012, representing a compound annual growth rate (CAGR) of 24.0% between 2008–12. In comparison, the French and German markets grew with CAGRs of 10.2% and 11.9%, respectively, over the same period, to reach respective values of $10.9 billion and $30.8 bilion in 2012. Ma

Price: $ 350.00

Related research categories

By market: Belgium (in Europe)