Economy of Belgium force. One of the founding members of the European Community, Belgium strongly supports deepening the powers of the present-day European Union to integrate European economies further. About three-quarters of its trade is with other EU countries. Together with the Netherlands and Luxembourg, Belgium is also one of Benelux member states. Belgium's public debt is about 105% of GDP. The government succeeded in balancing its budget during the 2000–2008 period, and income distribution is relatively equal. Belgium began circulating the euro currency in January 2002. Economic growth and foreign direct investment dropped in 2008. In 2009 Belgium suffered negative growth and
History of Belgium History of Belgium The history of Belgium extends before the founding of the modern state of that name in 1830. Belgium's history is therefore intertwined with those of its neighbours: the Netherlands, Germany, France and Luxembourg. For most of its history, what is now Belgium was either a part of a larger territory, such as the Carolingian Empire, or divided into a number of smaller states, prominent among them being the Duchy of Brabant, the County of Flanders, the Prince-Bishopric of Liège and County of Luxembourg. Due to its strategic location and the many armies fighting on its soil, since