Belgian Industries; numerous other associations representingbankers, manufacturers, middle-class artisans, and the legal and
medical professions; various organizations represent the cultural
interests of Flanders and Wallonia; various peace groups such as Pax
Christi and groups representing immigrants
International organization participation:
ACCT, AfDB, AsDB, Australia Group, Benelux, BIS, CE, CERN, EAPC,
EBRD, EIB, EMU, ESA, EU, FAO, G- 9, G-10, IADB, IAEA, IBRD, ICAO,
ICC, ICCt, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF,
IMO, Interpol, IOC, IOM, ISO, ITU, MIGA, MONUC, NATO, NEA, NSG, OAS
(observer), OECD, ONUB, OPCW, OSCE, Paris Club, PCA, UN, UNCTAD,
UNESCO, UNHCR, UNIDO, UNMIK, UNMOGIP, UNRWA, UNTSO, UPU, WADB
(nonregional), WCL, WCO, WEU, WHO, WIPO, WMO, WTO, ZC
Diplomatic representation in the US:
chief of mission: Ambassador Franciskus VAN DAELE
chancery: 3330 Garfield Street NW, Washington, DC 20008
telephone: [1] (202) 333–6900
FAX: [1] (202) 333–3079
consulate(s) general: Atlanta, Los Angeles, and New York
Diplomatic representation from the US:
chief of mission: Ambassador Tom C. KOROLOGOS
embassy: Regentlaan 27 Boulevard du Regent, B-1000 Brussels
mailing address: PSC 82, Box 002, APO AE 09710
telephone: [32] (2) 508–2111
FAX: [32] (2) 511–2725
Flag description:
three equal vertical bands of black (hoist side), yellow, and red;
the design was based on the flag of France
Economy Belgium
Economy - overview:
This modern private enterprise economy has capitalized on its
central geographic location, highly developed transport network, and
diversified industrial and commercial base. Industry is concentrated
mainly in the populous Flemish area in the north. With few natural
resources, Belgium must import substantial quantities of raw
materials and export a large volume of manufactures, making its
economy unusually dependent on the state of world markets. Roughly
three-quarters of its trade is with other EU countries. Public debt
is nearly 100% of GDP. On the positive side, the government has
succeeded in balancing its budget, and income distribution is
relatively equal. Belgium began circulating the euro currency in
January 2002. Economic growth in 2001–03 dropped sharply because of
the global economic slowdown, with moderate recovery in 2004.
GDP (purchasing power parity):
$316.2 billion (2004 est.)
GDP - real growth rate:
2.6% (2004 est.)
GDP - per capita:
purchasing power parity - $30,600 (2004 est.)
GDP - composition by sector: agriculture: 1.3% industry: 25.7% services: 73% (2004 est.)
Labor force:
4.75 million (2004 est.)
Labor force - by occupation:
agriculture 1.3%, industry 24.5%, services 74.2% (2003 est.)
Unemployment rate:
12% (first half, 2004)
Population below poverty line:
4% (1989 est.)
Household income or consumption by percentage share: lowest 10%: 3.2% highest 10%: 23% (1996)
Distribution of family income - Gini index:
28.7 (1996)
Inflation rate (consumer prices):
1.9% (2004 est.)
Investment (gross fixed):
19.1% of GDP (2004 est.)
Budget:
revenues: $173.7 billion
expenditures: $174.8 billion, including capital expenditures of
$1.56 billion (2004 est.)
Public debt:
96.2% of GDP (2004 est.)
Agriculture - products:
sugar beets, fresh vegetables, fruits, grain, tobacco; beef, veal,
pork, milk
Industries:
engineering and metal products, motor vehicle assembly,
transportation equipment, scientific instruments, processed food and
beverages, chemicals, basic metals, textiles, glass, petroleum
Industrial production growth rate:
3.5% (2004 est.)
Electricity - production:
76.58 billion kWh (2002)
Electricity - production by source: fossil fuel: 38.4% hydro: 0.6% nuclear: 59.3% other: 1.8% (2001)
Electricity - consumption:
78.82 billion kWh (2002)
Electricity - exports:
9.1 billion kWh (2002)
Electricity - imports:
16.7 billion kWh (2002)
Oil - production:
