Compare Belgium (2007) - Belgium (2008)

Compare Belgium (2007) z Belgium (2008)

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	Belgium (2007)	Belgium (2008)

Budget	revenues: $193.6 billion expenditures: $193.2 billion (2006 est.)	revenues: $217 billion expenditures: $217.4 billion (2007 est.)
Debt - external	$1.053 trillion (30 June 2006 est.)	$1.313 trillion (30 June 2007)
Diplomatic representation in the US	chief of mission: Ambassador Dominique STRUYE DE SWIELANDE chancery: 3330 Garfield Street NW, Washington, DC 20008 telephone: [1] (202) 333-6900 FAX: [1] (202) 333-3079 consulate(s) general: Los Angeles, New York consulate(s): Atlanta	chief of mission: Ambassador Dominique STRUYE DE SWIELANDE chancery: 3330 Garfield Street NW, Washington, DC 20008 telephone: [1] (202) 333-6900 FAX: [1] (202) 338-4960 consulate(s) general: Los Angeles, New York consulate(s): Atlanta
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 more than 90% 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 2004-06.	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 more than 85% 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 2004-07. Economic growth and foreign direct investment are expected to slow down in 2008, due to credit tightening, falling consumer and business confidence, and above average inflation. However, with the successful negotiation of the 2008 budget and devolution of power within the government, political tensions seem to be easing and could lead to an improvement in the economic outlook for 2008.
Exchange rates	euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)	euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)
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 - Open VLD, MR, PS, SP.A-Spirit	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); note - is head of an interim government until the end of March when it is hoped a new government will be formed cabinet: Council of Ministers are 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 formation talks have been prolonged, but the current interim goverment consists of French and Flemish Christian Democrats or CD&V and CDh, Liberals or Open VLD and MR, and French Socialists or PS
Flag description	three equal vertical bands of black (hoist side), yellow, and red; the design was based on the flag of France	three equal vertical bands of black (hoist side), yellow, and red note: the design was based on the flag of France
GDP - composition by sector	agriculture: 1% industry: 24.3% services: 74.7% (2006 est.)	agriculture: 1% industry: 24.4% services: 74.6% (2007 est.)
GDP - real growth rate	3% (2006 est.)	2.7% (2007 est.)
Industrial production growth rate	3% (2006 est.)	3% (2007 est.)
Inflation rate (consumer prices)	1.8% (2006 est.)	1.7% (2007 est.)
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, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MONUC, NATO, NEA, NSG, OAS (observer), OECD, OIF, ONUB, OPCW, OSCE, Paris Club, PCA, Schengen Convention, SECI (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNITAR, UNRWA, UNTSO, UPU, WADB (nonregional), WCL, WCO, WEU, WHO, WIPO, WMO, WTO, ZC	ACCT, ADB (nonregional members), AfDB, Australia Group, Benelux, BIS, CE, CERN, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, G- 9, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NATO, NEA, NSG, OAS (observer), OECD, OIF, OPCW, OSCE, Paris Club, PCA, Schengen Convention, SECI (observer), UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNRWA, UNTSO, UPU, WADB (nonregional), WCL, WCO, WEU, WHO, WIPO, WMO, WTO, ZC
Labor force	4.9 million (2006 est.)	5.03 million (2007 est.)
Legislative branch	bicameral Parliament consists of a Senate or Senaat in Dutch, Senat in French (71 seats; 40 members are directly elected by popular vote, 31 are indirectly elected; to serve four-year terms) and a Chamber of Deputies or Kamer van Volksvertegenwoordigers in Dutch, Chambre des Representants in French (150 seats; members are directly elected by popular vote on the basis of proportional representation to serve four-year terms) elections: Senate and Chamber of Deputies - last held 10 June 2007 (next to be held June 2011) election results: Senate - percent of vote by party - CDV/N-VA 19.4%, Open VLD 12.4%, MR 12.3%, VB 11.9%, PS 10.2%, SP.A-Spirit 10%, CDH 5.9%, Ecolo 5.8%, GROEN! 3.6%, List Dedecker 3.4%, FN 2.3%, other 2.8%; seats by party - CDV/N-VA 9, Open VLD 5, MR 6, VB 5, PS 4, SP.A-Spririt 4, CDH 2, Ecolo 2, GROEN! 1, List Dedecker 1, FN 1 (note - there are also 31 indirectly elected senators); Chamber of Deputies - percent of vote by party - CDV/N-VA 18.5%, MR 12.5%, VB 12%, Open VLD 11.8%, PS 10.9%, SP.A-Spirit 10.3%, CDH 6.1%, Ecolo 5.1%, List Dedecker 4%, GROEN! 4%, FN 2%, other 2.8%; seats by party - CDV/N-VA 30, MR 23, VB 17, Open VLD 18, PS 20, SP.A-Spirit 14, CDH 10, Ecolo 8, List Dedecker 5, GROEN! 4, FN 1 note: as a result of the 1993 constitutional revision that furthered devolution into a federal state, there are now three levels of government (federal, regional, and linguistic community) with a complex division of responsibilities; this reality leaves six governments each with its own legislative assembly	bicameral Parliament consists of a Senate or Senaat in Dutch, Senat in French (71 seats; 40 members are directly elected by popular vote, 31 are indirectly elected; to serve four-year terms) and a Chamber of Deputies or Kamer van Volksvertegenwoordigers in Dutch, Chambre des Representants in French (150 seats; members are directly elected by popular vote on the basis of proportional representation to serve four-year terms) elections: Senate and Chamber of Deputies - last held 10 June 2007 (next to be held no later than June 2011) election results: Senate - percent of vote by party - CDV/N-VA 19.4%, Open VLD 12.4%, MR 12.3%, VB 11.9%, PS 10.2%, SP.A-Spirit 10%, CDH 5.9%, Ecolo 5.8%, Groen! 3.6%, Dedecker List 3.4%, FN 2.3%, other 2.8%; seats by party - CDV/N-VA 9, Open VLD 5, MR 6, VB 5, PS 4, SP.A-Spririt 4, CDH 2, Ecolo 2, Groen! 1, Dedecker List 1, FN 1 (note - there are also 31 indirectly elected senators); Chamber of Deputies - percent of vote by party - CDV/N-VA 18.5%, MR 12.5%, VB 12%, Open VLD 11.8%, PS 10.9%, SP.A-Spirit 10.3%, CDH 6.1%, Ecolo 5.1%, Dedecker List 4%, Groen! 4%, FN 2%, other 2.8%; seats by party - CDV/N-VA 30, MR 23, VB 17, Open VLD 18, PS 20, SP.A-Spirit 14, CDH 10, Ecolo 8, Dedecker List 5, Groen! 4, FN 1 note: as a result of the 1993 constitutional revision that furthered devolution into a federal state, there are now three levels of government (federal, regional, and linguistic community) with a complex division of responsibilities; this reality leaves six governments each with its own legislative assembly
Pipelines	gas 1,561 km; oil 158 km; refined products 535 km (2006)	gas 1,562 km; oil 158 km; refined products 535 km (2007)
Political parties and leaders	Flemish parties: Christian Democrats and Flemish or CDV [Jo VANDEURZEN]; Flemish Liberals and Democrats or Open VLD [Bart SOMERS]; GROEN! [Vera DUA] (formerly AGALEV, Flemish Greens); List Dedecker [Jean-Marie DEDECKER]; New Flemish Alliance or N-VA [Bart DE WEVER]; Social Progressive Alternative or SP.A [Johan Vande LANOTTE]; Spirit [Geert LAMBERT] (new party now associated with SP.A); Vlaams Belang (Flemish Interest) or VB [Frank VANHECKE] Francophone parties: Ecolo (Francophone Greens) [Jean-Michel JAVAUX, Isabelle DURANT, Claude BROUIR]; Humanist and Democratic Center of CDH [Joelle MILQUET]; National Front or FN [Daniel FERET]; Reform Movement or MR [Didier REYNDERS]; Socialist Party or PS [Elio DI RUPO]; other minor parties	Flemish parties: Christian Democratic and Flemish or CDV [Etienne SCHOUPPE]; Dedecker List [Jean-Marie DEDECKER]; Flemish Liberals and Democrats or Open VLD [Bart SOMERS]; Groen! [Mieke VOGELS] (formerly AGALEV, Flemish Greens); New Flemish Alliance or N-VA [Bart DE WEVER]; Social Progressive Alternative or SP.A [Caroline GENNEZ]; Spirit [Geert LAMBERT] (new party now associated with SP.A); Vlaams Belang (Flemish Interest) or VB [Bruno VALKENIERS] Francophone parties: Ecolo (Francophone Greens) [Jean-Michel JAVAUX, Isabelle DURANT, Claude BROUIR]; Humanist and Democratic Center or CDH [Joelle MILQUET]; National Front or FN [Michel BELACROIX]; Reform Movement or MR [Didier REYNDERS]; Socialist Party or PS [Elio DI RUPO]; other minor parties
Population below poverty line	4% (1989 est.)	15% (2007 est.)
Unemployment rate	8.1% (2006 est.)	7.6% (2007 est.)

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