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
Kingdom of the Netherlands state of the German Confederation. In 1830, Belgium seceded from the Kingdom, a step that was recognised by the Netherlands only in 1839. At that point, Luxembourg became a fully independent country in a personal union with the Netherlands. Luxembourg also lost more than half of its territory to Belgium. To compensate the German Confederation for that loss, the remainder of the Dutch province of Limburg received the same status that Luxembourg had enjoyed before, as a Dutch province that at the same time formed a Duchy of the German Confederation. That status was reversed when the German Confederation ceased