National anthem:
name: "La Brabanconne" (The Song of Brabant)
lyrics/music: Louis-Alexandre DECHET[French] Victor CEULEMANS [Dutch]/Francois VAN CAMPENHOUT
note: adopted 1830; Louis-Alexandre DECHET was an actor at the theater in which the revolution against the Netherlands began; according to legend, he wrote the lyrics with a group of young people in a Brussels cafe
Economy ::Belgium
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 imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU countries. In 2009 Belgian GDP contracted by 2.7%, the unemployment rate rose slightly, and the budget deficit worsened because of large-scale bail-outs in the financial sector. Belgium's budget deficit widened to 4.8% of GDP in 2010, while public debt was just over 100% of GDP. Belgian banks have been severely affected by the international financial crisis with three major banks receiving capital injections from the government. An ageing population and rising social expenditures are also increasing pressure on public finances, making it likely the government will need to implement unpopular austerity measures to assuage investor concerns about Belgium's ability to restore fiscal balance.
GDP (purchasing power parity):
$394.9 billion (2010 est.) country comparison to the world: 31 $388.7 billion (2009 est.)
$399.5 billion (2008 est.)