Belgium Economic Forecast for 2021

We found 11 online brokers that are appropriate for Trading Belgian Investment Platforms.

Belgium Economic Forecast Guide

Updated October 13, 2021

Belgium Economic Forecast

The geographical position of Belgium makes it an important country in the world. The country is located between 3 major economies: France, United Kingdom & Germany. As the country is a part of the European Union, it uses the same official currency i.e. Euro.

Most of the economic growth in Belgium comes from local & foreign investment as well domestic demand. However, the delicate economic balance was disturbed by the global COVID-19 pandemic. The pandemic swept through country after country and Belgium was no exception. It also halted the growth in neighboring countries including UK, France, and Germany.

IMF report shows that Belgium's economy didn't expand in 2020. Instead, the economy was contracted by 6.4% in 2020. This year (2021), the condition may improve as the business & public sentiment improve. By 2021, Belgium's GDP growth will be 4%, according to International Monetary Fund (IMF). This positive scenario will be highly dependent on improved global sentiment and return of growth in major economies. For 2022, the IMF forecast for the country's GDP growth is 3.1%.

Public debt skyrocketed to 115% of GDP as the government increased spending while suffering from reduced revenue. Normally, the debt to GDP ratio should be below 60% to be on the safe side. In the case of Belgium, public debt is nearly double the normal ratio. This highlights a troubling trend in which the Belgium government is spending more than it earns. IMF forecasts that the debt will remain stable in 2021 and 2022. In 2021 and 2022, debt will be around 115.9% and 116.2% of GDP, respectively.

Pandemic also caused a minor increase in the government deficit which saw an increase of  -0.5% in 1 year. From 2019 t0 2020, the government deficit increased from -3.5% to -4.0%. However, it will remain around -4.1% in the next 2 years.

With rising energy prices, the inflation rate is also expected to rise from 0.4% in 2020 to 1.7% in 2021. In 2020, the inflation rate was low mainly due to the low prices of crude oil & electricity. That changed in 2021 as crude oil demand is also nearly back to normal. IMF data forecast a slight increase in the inflation rate and see it reaching 1.9% in 2022.

COVID 19 And The Belgian Economy

The Covid-19 crisis forced the Belgian government to announce a massive fiscal stimulus. The government is planning to spend at least €3.1 billion on economic revival. Besides that, a huge amount of money is allocated towards deferrals, liquidity, and guarantee measures.

Despite all the correct policy measures, economic growth still fell due to the lockdown imposed in 2020. With lockdown measures, a big portion of the economy and businesses were forced to close. On top of that, the transport and tourism sector also suffered which resulted in a stark decline in consumption and investment.

IMF points toward steady growth and recovery in business and household investments in 2021 and 2022. While the household investment is expected to recover quickly, the business investment is going to take some time. The reason for the slow recovery in business investment was the disruption of the supply chain caused by pandemics.

So it is going to take a while for the return of demand and readjusting of supply chains.

Belgian population saw an increase in the unemployment rate in 2020 due to pandemics. As some people lost jobs and some were forced to stay at home, the unemployment rate reached 5.6% in 2020.

IMF report tells us that the unemployment rate may rise further as some businesses are on the brink of bankruptcy. Most of these businesses belong to the sectors such as tourism, hotels, arts, restaurants & so on. If more businesses go out of the picture, we may see the jobless rate reach 6.8% in 2021. In 2022, the unemployment may drop to 6.6% indicating improved conditions of the Belgian economy.

Among the Belgian population, young and non-European workers were the ones who were the first to experience unemployment. In the coming years (2021, 2022& beyond), market participation of Belgian labor will remain low which remains a big challenge for the government.

Economic Indicators

Economic indicators may tell us much of a story on their own. But when we combine the result of few indicators, we can see the next direction of a country. Let's take a look at the GDP, inflation, unemployment few other economic metrics.

GDP - As expected, gross domestic product shrunk by -6.4% in 2020. For 2021 and 2022, Belgian GDP will grow by 4.0% and 3.0 respectively.

Inflation - In 2021 and 2022, inflation will reach 1.7% and 1.9% respectively. This increase is attributed to increased energy prices and stimulus measures.

Unemployment - The unemployment rate may peak at 6.8% in 2021. However, in 2022, it will come down to 6.6% indicating improved conditions in the labor market.

Important Economic Sectors of Belgium

Services and the industrial sector are the two important sectors of the country. The industrial sector of Belgium consists of steel plants, petrochemical, automobile, and so on. This sector accounts for 19% of GDP and provides jobs to 20.6% of the population.

Services is much bigger than the manufacturing sector, as it accounts for almost 70% of GDP. Around 78% of the working force is employed in the services sector.

We've collected thousands of datapoints and written a guide to help you find the best Belgium Economic Forecast for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Belgian Investment Platforms below.

Reputable Belgium Economic Forecast Checklist

There are a number of important factors to consider when picking an online Belgian Investment Platforms trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Belgian Investment Platforms.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Belgian Investment Platforms of 2021 compared

Here are the top Belgian Investment Platforms.

Compare Belgian Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are Belgian Investment Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Belgian Investment Platforms that accept Belgian Investment Platforms clients

Broker IC Markets Roboforex Pepperstone XM FP Markets FXPrimus EasyMarkets Trading212 SpreadEx Admiral NordFX
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
Min Deposit 200 1 200 5 100 100 100 1 1 200 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 10,000+ 89,000+ 3,500,000+ 10,000+ 10,000+ 142,500+ 15,000,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Demo account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
icmarkets
Sign Up with
roboforex
Sign Up with
pepperstone
Sign Up with
xm
Sign Up with
fpmarkets
Sign Up with
fxprimus
Sign Up with
easymarkets
Sign Up with
trading212
Sign Up with
spreadex
Sign Up with
admiralmarkets
Sign Up with
nordfx
Risk Warning Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Your capital is at risk Losses can exceed deposits Losses can exceed deposits Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits
Demo IC Markets
Demo
Roboforex
Demo
Pepperstone
Demo
XM
Demo
FP Markets
Demo
FXPrimus
Demo
easyMarkets
Demo
Trading 212
Demo
SpreadEx
Demo
Admiral Markets
Demo
NordFX
Demo
Excluded Countries AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA US, JP BR, KR, IR, IQ, SY, JP, US US, CA, IL, KR, IR, MM, CU, SD, SY US, JP, NZ AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US US, CA US, TR US, CA, JP, SG, MY, JM, IR, TR No


All Belgian Investment Platforms in more detail

You can compare Belgian Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Belgian Investment Platforms for 2021 article further below. You can see it now by clicking here

We have listed top Belgian Investment Platforms below.

Belgium Economic Forecast List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Admiral
(3/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

Learn more Learn more about IC Markets.
Losses can exceed deposits