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Main article on the country: Belgium
GDP
2023: Industry's share of GDP
2022
Industry's share of GDP is less than 15%
GDP estimate - $0.59 trillion
GDP size forecast - $0.61 trillion
2021
GDP size - $0.58 trillion
Agriculture's share of GDP is less than 2%
2018: Belgium's share of nominal GDP in the global economy
Financial system
Non-financial debt
2022: Aggregate non-financial debt
National debt
2023: State debt - 105% of GDP
2021: State debt - 108% of GDP
2017: State debt - 103% of GDP
Key rate
Inflation
2022
Inflation in November - 12.3%
Inflation in July - 9.62%
Investments
2023: Reduced foreign investment
Power
2023
Sun and wind completely cover Belgium's electricity demand for the first time
At the end of May 2023, Elia, the Belgian operator of high-voltage power lines, announced that the country was able to cover all its energy costs for the first time with solar and wind plants.
The achievement was recorded on May 29, 2023 from 13:00 to 13:30 local time. Jointly, solar and wind farms produced 8,303 MW of energy - more than all Belgium's consumers combined at the time. Thus, the previous record figure of 7695 MW was exceeded, which was registered only one day earlier - May 28, 2023. The 2022 record was 7112 MW - it was set on May 11.
The contribution of solar farms to the total volume of record production turned out to be significantly higher than the amount of energy supplied by wind generators: about 5500 MW versus about 2800 MW.
 | Such advances emphasize the need for a new market model that encourages flexible energy consumption. According to this approach, consumers will be able to plan energy costs, for example, for charging electric vehicles, given the availability of a large amount of inexpensive clean electricity. It will also help maintain the balance of the network, says Elia. |  |
In general, according to the British analytical center Ember, in April 2023 Belgium , a record level of wind and solar energy generation was recorded: such stations generated a total of 2 TVt·ch. This corresponds to 29% of the total electricity generation in the country. The leader in the share of "green" energy among European countries is: Portugal here in April 2023, renewable sources provided 51% of electricity production. The previous monthly record was set in December 2021, when the figure was approximately 49%.[1]
State contributions to pay for energy by citizens and companies reached 1% of GDP
2022
Fourth place in the EU in terms of energy generation by nuclear power plants
Dul No.3 NPP unit is finally shut down
In September 2022, the Dul No. 3 nuclear power plant was finally stopped in Belgium.
Power unit No. 2 of the Belgian Tiange nuclear power plant will be finally stopped on January 31, 2023. This was reported by The Brussels Times. This power unit with a PWR reactor from Westinghouse was commissioned in June 1983.
NPP operator Engie Electrabel noted that until February 2023 the unit will fully operate and supply electricity to the network.
When the Tiange block is closed, there will be 5 more operating power units in the country. They will work until 2025.
Rise in electricity prices due to pressure on Russia
from
2021: Oil is the main source of energy in the country
2020: Energy consumption per capita
and
Foreign trade
2023: Plan to halt dirty petrol and diesel supplies to West Africa
In October 2023, it became known that Belgium intends to stop exporting low-quality gasoline and diesel fuel to West Africa, as it tightens environmental rules following the Netherlands.
This would further reduce Northern's role Europe in Africa's supply of dirtier petrol and diesel, which has been proven to cause serious health problems and could also lead to higher costs for poorer countries.
2022
Germany is the largest export destination
Trade deficit with China
2021: 2nd in the EU for the export of chocolate and chocolate bars
2019: Computer Device Export Volume
2015: Top ten global apple exporters with 2% share
R&D
2020: R&D spending - $12.4 billion
Information Technology
2020: European tech companies attracting the most investment in 5 years
2018: Largest IT companies
Telecommunications
Main article: Communication (Belgian market)
Labour market
Main article: Labour market in Belgium
Pensions
2023: Minimum retirement age is 65
Unemployment
2023: Youth unemployment - 13.9%
2022: Unemployment rate - 5.5%
2020: Unemployment rate - 6.1%
Incomes of the population
2023: Minimum wage - $1,509
2022: A 0.6% decline in real income per worker in the third quarter
in
Consumption
2023: Pork is the most consumed type of meat
2019
Pork is the most consumed type of meat
Beer consumption in liters per year per person
2018
Beer consumption per capita
Very low per capita consumption of tea
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Milk consumption in liters per year per person
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1971
Transport
2021: Average train speed - 83.8 km/h
Automotive market
2021: 220,000 cars produced
Alcohol market
Minimum age to purchase alcoholic beverages
Food industry
2021: Cheese production - 10.1kg per capita
Notes
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