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
Belgium Belgium Belgium officially the Kingdom of Belgium, is a country in Western Europe bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to the southwest, and the North Sea to the northwest. It covers an area of and has a population of more than 11.4 million. The capital and largest city is Brussels; other major cities are Antwerp, Ghent, Charleroi and Liège. The sovereign state of Belgium is a federal constitutional monarchy with a parliamentary system of governance. Its institutional organisation is complex and is structured on both regional and linguistic grounds. It