What’s the precise state of affairs of the Belgian economic system? Right here is how Belgium compares to its neighbors

2024-06-06 19:10:00


There are nonetheless a number of days till the election. How is the Belgian economic system doing? If we have a look at the European indicators, Denmark is definitely the general champion, whereas our nation lags far behind in tenth place. That is the information from Les Echos.

This is without doubt one of the restraints of Bart de Wever on this marketing campaign. He stated Belgium has develop into one of many worst performing economies in Europe. He gave a speech in opposition to Paul Magnette final week. ”We have now to inform those that should not lively to go to work should you can. Our employment fee ought to be over 80% like within the Scandinavian international locations. Due to this we will have a welfare state. However you’ll be able to’t work and demand the whole lot like in southern Italy. Or possibly it is the North that continues to pay the value“, He stated.

Jean-Paul Bombaerts, a journalist for L’Echo, envisions an financial competitors involving 12 international locations.

The race is on totally different indicators, such because the employment fee. In Belgium, regarding 67% of individuals aged 15-64 are employed. Wanting just a little larger, we see that it’s higher than Spain, however worse than the Netherlands, Sweden and Germany. ”The tax strain for work isn’t as nice as in our nation. For them, the distinction between work and non-work can also be larger, whereas for us, the distinction is small, which doesn’t inspire us to work. As well as, we are able to additionally point out part-time work, which is rather more developed in these international locations than in our nation.Jean-Paul Bombaerts analyzed

One other recurring criticism is the tax burden on jobs. In Belgium, the typical single employee pays nearly 53% of his or her wage in taxes. Nobody is doing worse than us on this race. Germany is already means forward. The leaders are Eire and the Netherlands. Denmark is in third place. ”Nations that do higher than us stability taxes otherwise, focusing extra on wealth earnings, capital earnings, or environmental taxes.”, the reporter added.

Our nation nonetheless faces challenges: right here, wealth is best distributed than in our neighbors. To calculate inequality, we have a look at the Gini coefficient. The nearer it’s to zero, the extra equal the society is. Belgium is in twenty fourth place. Second is the Netherlands. Final are Italy, Spain and Greece.

On the finish of the event, Denmark ranked first, making an allowance for ten financial exams, and Belgium was tenth out of 12 candidate international locations, the identical rating as in 2019.


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