Latitude: 51.2666667000 Longitude: 4.9333333000
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Balderij, Belgium
Some random facts about Belgium |
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| Executive branch: | chief of state: King ALBERT II (since 9 August 1993); Heir Apparent Prince PHILIPPE, son of the monarch head of government: Prime Minister Guy VERHOFSTADT (since 13 July 1999) cabinet: Council of Ministers formally appointed by the monarch elections: none; the monarchy is hereditary and constitutional; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed prime minister by the monarch and then approved by parliament note: government coalition - VLD, MR, PS, SP.A-Spirit |
| ECONOMY | Belgium, a highly developed market economy, belongs to the Organization for Economic Cooperation and Development (OECD), a group of leading industrialized democracies. With a geographic area about equal to that of Maryland, and a population of 10.5 million, Belgian per capita GDP ranks among the world's highest. In 2007, the per capita income (PPP) was $35,200. The federal government has managed to present balanced budgets in recent years, but public debt remains high, at 91% of 2007 GDP. GDP growth in 2007 was 2.8%. Densely populated Belgium is located at the heart of one of the world's most highly industrialized regions. The first country to undergo an industrial revolution on the continent of Europe in the early 1800s, Belgium developed an excellent transportation infrastructure of ports, canals, railways, and highways to integrate its industry with that of its neighbors. One of the founding members of the European Community (EC), Belgium strongly supports deepening the powers of the present-day European Union to integrate European economies further. With exports equivalent to over two-thirds of GNP, Belgium depends heavily on world trade. Belgium's trade advantages are derived from its central geographic location and a highly skilled, multilingual, and productive work force. The Belgian industrial sector can be compared to a complex processing machine: It imports raw materials and semi-finished goods that are further processed and re-exported. Except for its coal, which is no longer economical to exploit, Belgium has virtually no natural resources. Nonetheless, most traditional industrial sectors are represented in the economy, including steel, textiles, refining, chemicals, food processing, pharmaceuticals, automobiles, electronics, and machinery fabrication. Despite the heavy industrial component, services account for 74.6% of GDP. Agriculture accounts for only 1.4% of the GDP. |
| Internet country code: | .be |
| Median age: | total: 41.1 years male: 39.9 years female: 42.4 years (2007 est.) |
| Oil - production: | 10,690 bbl/day (2004) |
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