The Key Strenghts of Flanders

header
  • Flanders is located in the heart of Europe
  • Flanders is a unique European hub
  • Flanders has an economy based on trade and services
  • Flanders has a strong export driven economy
  • Flanders has a diversified base of trading partners
  • Flanders has good foreign direct investment figures and trade partnerships
  • Flanders has strong economic fundamentals

Located in the heart of Europe

Flanders lies at the center of the EU’s wealthiest and most populated area – and Flanders has the highly developed transport and communications systems required for companies to take full advantage of this fact.

Flanders is a unique European hub

Flanders offers companies rapid and efficient supply and distribution links with other major European centers and beyond;
Flanders has leading ports in Europe with ports like Antwerp, Zeebrugge, Ghent and Ostend;
Flanders has large airport freight and logistic hubs in Brussels (Zaventem) and Ostend;
Flanders has an extensive inland waterway system connecting it directly to other European countries
Flanders has an high density rail network with dedicated freight lines to other parts of Europe.

Flanders has an economy based on trade and services

Flanders has a typical well developed economy based on services (73,2%) and industry (25,9%) with only limited impact of the primary sector (0,9%).

trade_services

Flanders has a strong-export-driven economy

The Flemish economy is strongly export-oriented. Flanders’ exports represent 83,1% of Belgium’s total export in volume. The Flemish exports did rise steadily since the financial and economic crisis of 2008/2009 and around one third of employment is working for export.

The region’s most successful export products are chemicals, minerals, vehicles, machines and equipment, pharmaceuticals. Those 5 products accounted in 2014 for 55,7% of total Flemish exports.

export-driven-economy

Flanders has a diversified base of trading partners

TThe EU28 is the most important Flemish export market, due to its location (surrounding Flanders) and its economic size (table 2). The 3 neighbouring countries (Germany, France and the Netherlands: 41.7%) are Flanders main trading partners..The United States took 6.0% of Flemish exports in 2015. Also emerging economies like India and China are steadily becoming more important for Flemish exports.

trading_partners

Flanders has good foreign direct investment figures and trade partnerships

pdf bestandInvestments in Flanders in 2015 (474 kB)

 

Flanders has strong economic fundamentals

Flanders has a strong economy. Its strong economy is reflected in a low unemployment rate good real GDP growth rate.

 

Flanders

France

Germany

Netherlands

EU-28

Unemployment rate (2015)

5,2

10,4

4,6

6,9

9,4

Real GDP Growth rate (average 2011-15)

1,3

0,8

1,5

0,6

1,0

Sources: Eurostat – Labour Force Survey, Study Office of the Government of Flanders