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Belgium flag Belgium Business Environment

Trade, commerce, and economic integration indicators

Overview

Business environment indicators for Belgium, covering trade, commerce, foreign direct investment, corruption perceptions, and economic integration from the World Bank, OECD, IMF, and Transparency International.

Key Indicators

Time to obtain an electrical connection (days)
114.8
2024 · Average wait, in days, experienced to obtain electrical connection from the day this establishment applied for it to the day it received the service.
Firms visited or required meetings with tax officials (% of firms)
18.5
2024 · Percentage of firms that were visited or inspected by tax officials or were required to meet with them over the last year.
Average time to clear exports through customs (days)
3.1
2024 · Average number of days to clear direct exports through customs.
Domestic credit to private sector by banks (% of GDP)
67.4
2024 · Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
New business density (new registrations per 1,000 people ages 15-64)
6.3
2022 · The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.
Corruption Perceptions Index
69.0 /100
2024 · Transparency International CPI score (0-100, higher = less corrupt)

Data Explorer

Domestic credit to private sector (% of GDP)
68.7957778697455
2024 · World Bank
Transport services (% of commercial service imports)
18.9606123985739
2024 · World Bank
Insurance and financial services (% of service exports, BoP)
9.07616846559653
2024 · World Bank
Trade in services (% of GDP)
46.22208517909
2024 · World Bank
Insurance and financial services (% of service imports, BoP)
8.3380104295862
2024 · World Bank
Firms with female top manager (% of firms)
12.82193565
2024 · World Bank
Manufactures exports (% of merchandise exports)
69.5045442229562
2024 · World Bank
Transport services (% of commercial service exports)
21.8220910599391
2024 · World Bank
Agricultural raw materials imports (% of merchandise imports)
0.970628829984204
2024 · World Bank
Firms with female participation in ownership (% of firms)
44.60401917
2024 · World Bank
Domestic credit to private sector by banks (% of GDP)
67.4366217094618
2024 · World Bank
Fuel exports (% of merchandise exports)
11.632121861376
2024 · World Bank
Firms formally registered when operations started (% of firms)
88.2999115
2024 · World Bank
Travel services (% of commercial service exports)
6.03142967663866
2024 · World Bank
Export unit value index (2015 = 100)
119.9
2024 · World Bank
Number of visits or required meetings with tax officials (average for affected firms)
1.843275666
2024 · World Bank
Time spent dealing with the requirements of government regulations (% of senior management time)
8.544744492
2024 · World Bank
Agricultural raw materials exports (% of merchandise exports)
1.18402087595918
2024 · World Bank
Manufactures imports (% of merchandise imports)
66.1960517487673
2024 · World Bank
Merchandise exports (current US$)
535745000000
2024 · World Bank

Frequently Asked Questions

Sources: World Bank · Last updated: 2025

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