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Home >> World Economy >> Belgium Economy

Belgium Economy

The economy of Belgium comes under the High Income OECD group according to the classification
of Economies by region and income FY 2005 made by the World Bank.
The country covers an area of 30,510.0 Square Kilometers in the year 2003. The Economy follows a highly developed market economy being a member of the OECD, a group of leading industrialized democracies.

DEMOGRAPHY AND SOCIAL INDICATORS:
The total population of Belgium in the year 2004 was 10.4 millions in comparison to 10.3 millions in the year 2000.The annual growth rate of population was 0.3 percent in the year 2004.

The growth rate of population has declined in the year 2004 in comparison to the previous year.
The life expectancy rate of Belgium in the year 2003 is calculated at 78.3 years.
Demography And Social Indicators

The Infant mortality rate per 1,000 live births was 4.0 in the year 2003.
The unemployment rate in the country was 8.1 percent in the year 2004.

KEY ECONOMIC INDICATORS

The GDP level of Belgium has placed it among the top twenty developed nations in the World. The Gross National Income (GNI) of the country in the year 2004 was 322.8 Billions in terms of current US $ (Atlas Method). The GNI percapita was 31,030.0 in terms of current US $ for the same year.

The value of Gross Domestic Product (GDP) in the year 2004 was Current US $ 349.8 Billion with an annual growth rate of 2.9 percent.

The annual percentage growth rate of GDP has
increased to 2.9 percent in comparison to 1.1 percent in the previous year.
Key Economic Indicators
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