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Belgium

Introduction to Belgium

Belgium became independent from the Netherlands in 1830 and was occupied by Germany during World Wars I and II. It has prospered in the past half century as a modern, technologically advanced European state and member of NATO and the EU. Tensions between the Dutch-speaking Flemings of the north and the French-speaking Walloons of the south have led in recent years to constitutional amendments granting these regions formal recognition and autonomy.

Government

Capital:

Brussels

Independence:

4 October 1830 a provisional government declared independence from the Netherlands; 21 July 1831 the ascension of King Leopold I to the throne

National holiday:

21 July (1831) ascension to the Throne of King Leopold I

Economy

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 about 100% of GDP, and the government has succeeded in balancing its budget. Belgium, together with 11 of its EU partners, began circulating the euro currency in January 2002. Economic growth in 2001-03 dropped sharply because of the global economic slowdown. Prospects for 2004 again depend largely on recovery in the EU and the US.

GDP:

purchasing power parity - $299.1 billion (2004 est.)

GDP - composition by sector:

agriculture: 1.9%
industry: 26.3%
services: 71.8% (2004 est.)

Agriculture products:

sugar beets, fresh vegetables, fruits, grain, tobacco; beef, veal, pork, milk

Industries:

engineering and metal products, motor vehicle assembly, processed food and beverages, chemicals, basic metals, textiles, glass, petroleum

Transportation

Waterways:

2,043 km (1,528 km in regular commercial use) (2003)

Pipelines:

gas 1,485 km; oil 158 km; refined products 535 km (2003)

Ports and harbors:

Antwerp (one of the world's busiest ports), Brugge, Gent, Hasselt, Liege, Mons, Namur, Oostende, Zeebrugge

Merchant marine:

total: 50 ships (1,000 GRT or over) 1,146,301 GRT/1,588,184 DWT
foreign-owned: Denmark 6, Finland 1, France 2, Netherlands 3
registered in other countries: 69 (2003 est.)
by type: bulk 1, cargo 8, chemical tanker 11, container 6, liquefied gas 18, petroleum tanker 6

Airports:

42 (2003 est.)

Heliports:

1 (2003 est.)

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