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13.5% of those aged 15-29 are not in employment, education or training (NEET) in Belgium. This is a structural phenomenon with young people without upper secondary education especially at risk: they are six times as likely to be NEET in their late twenties than their university-educated peers.
A combination of market-based policies and a redistributive welfare state have boosted Belgium’s per-capita GDP to well above the average of OECD countries and raised well-being, according to a new OECD report.
Belgium performs well in many economic and social dimensions. The macroeconomic policy framework is sound and has been strengthened by many important reforms in recent years, including in labour taxation, business regulation and support for the self-employed and SMEs.
I am delighted to be back in Brussels to present the OECD’s 2017 Economic Survey of Belgium. Let me begin by thanking Prime Minister Michel for hosting us today in his beautiful residence “Le Lambermont”, and the Belgian authorities for their support in the preparation of this Survey.
The Secretary-General was in Brussels on 20 June 2017 to present the Economic Survey of Belgium.
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Unemployment in Belgium fell back to its pre-crisis level sooner than in most other OECD countries, but then rose significantly again in 2012 and has only recently begun to decline again. At 6.8% in April, it was still above its pre-crisis level and 0.9 percentage points above the OECD average.
These ready-made tables and charts provide for snapshot of aid (Official Development Assistance) for all DAC Members as well as recipient countries and territories. Summary reports by regions (Africa, America, Asia, Europe, Oceania) and the world are also available.
The tax burden on labour income is expressed by the tax wedge, which is a measure of the net tax burden on labour income borne by the employee and the employer.
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Belgium had the highest tax wedge among the 35 OECD member countries in 2016. The country occupied the same position in 2015. The average single worker in Belgium faced a tax wedge of 54.0% in 2016 compared with the OECD average of 36.0%.
These country specific notes provide figures and commentary from the Taxation and Skills publication that examines how tax policy can encourage skills development in OECD countries.