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 which had belonged to the Catholic church. After the defeat of the French in 1814, a new United Kingdom of the Netherlands was created, which eventually split one more time during the Belgian Revolution of 1830–1839, giving three modern nations, Belgium, the Netherlands, and Luxembourg. The ports and textile industry of Belgium were important back into the Middle Ages, and modern Belgium was one of the first countries to experience an Industrial Revolution, which brought prosperity in the 19th century but also opened a political dichotomy between liberal businessmen and socialist workers. The king set up his own private colonial