CW, OSCE, PCA,
UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIK, UNMOGIP, UNMOP, UNRWA, UNTSO,
UPU, WADB (nonregional), WCL, WEU, WHO, WIPO, WMO, WTrO, ZC
Diplomatic representation in the US: chief of mission: Ambassador
Alexis REYN chancery: 3330 Garfield Street NW, Washington, DC 20008
consulate(s) general: Atlanta, Chicago, Los Angeles, and New York FAX:
[1] (202) 333-3079 telephone: [1] (202) 333-6900
Diplomatic representation from the US: chief of mission: Ambassador
Stephen Franklin BRAUER embassy: 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. About three-quarters of
its trade is with other EU countries. Belgium's public debt is expected
to fall to about 100% of GDP in 2002, and the government has succeeded
in balancing its budget. Belgium, together with 11 of its EU partners,
began circulating euro currency in January 2002. Economic growth in
2001 dropped sharply due to the global economic slowdown. Prospects for
2002 depend largely on recovery in the EU and the US.
GDP: purchasing power parity - $267.7 billion (2001 est.)
GDP - real growth rate: 1.1% (2001 est.)
GDP - per capita: purchasing power parity - $26,100 (2001 est.)
GDP - composition by sector: agriculture: 1.4% industry: 24% services:
74.6% (2000)
Population below poverty line: 4%
Household income or consumption by percentage share: lowest 10%: 3.7%
highest 10%: 20.2% (1992)
Distribution of family income - Gini index: 25 (1992)
Inflation rate (consumer prices): 2.4% (2001 est.)
Labor force: 4.44 million (2001)
Labor force - by occupation: services 73%, industry 25%, agriculture 2%
(1999 est.)
Unemployment rate: 6.8% (2001 est.)
Budget: revenues: $113.44 billion expenditures: $106 billion, including
capital expen
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