Belgium is a compact and diverse market, located at the crossroads of Europe. It is composed of the francophone Wallonia region to the south, the Dutch speaking Flanders region in the north, and the bilingual capital region of Brussels, in addition to a small community of German speakers. With a population of 11.825 million people in a territory comparable in size to the state of Maryland, it is densely populated. It enjoys one of the highest per capita incomes in Europe, with a relatively balanced income distribution, resulting in widely distributed purchasing power among its residents.
Belgium’s GDP was approximately $664.6 billion in 2024 with real GDP growth of 1 percent according to the IMF. Its bilateral trade with the United States exceeds $75 billion annually. Distinguished by its major port (Antwerp-Bruges is the second largest port in Europe) and first-class logistical infrastructure, a significant portion of bilateral trade either originates in, or is destined for, other countries in Europe. According to Cesus.gov Belgium recorded a trade deficit with the U.S. in 2024 of 6.4 billion, while exporting $27.786 billion of goods and services to the United States. The U.S. is one of the larger suppliers of goods and services, while exporting $34.2 billion of goods and services to Belgium. According to the U.S. Bureau of Economic Analysis the total stock of foreign direct investment (FDI) from Belgium to the United States was over $71billion and U.S. FDI in Belgium was over $54 billion as of the year 2024. Top U.S. industries for Belgian FDI were Software & IT Services, Plastics, Food & Beverage, Chemicals, Industrial Equipment, and Business Services.
Often referred to as “the capital of Europe,” the Belgian capital of Brussels is home to the headquarters of the EU and of the North Atlantic Treaty Organization (NATO), as well as hundreds of international institutions, associations, and multinational corporations.
Political Environment
For background information on the political and economic environment of the country, please click on the link to the U.S. Department of State Countries & Areas website.