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Belgium Economic Snapshot

 

20 June 2017 - Economic Survey of Belgium

A sound macroeconomic policy framework, high quality education and a combination of market-based policies and a redistributive welfare state have boosted GDP per capita to well above the OECD average. Although growth weakened since the global financial crisis, Belgium ranks among the ten most competitive countries in Europe. The financial sector has recovered from the severe shock which hit the banking system in the aftermath of the financial crisis, aided by government bailouts and new prudential measures. Belgians enjoy high well-being in many dimensions, notably worklife balance, health, education and civic engagement. Income inequality after tax and transfers is comparatively low. Belgium has the lowest gender wage gap among the OECD countries.

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