The monthly minimum wage in Belgium is 1794 USD. Belgium has a public debt equivalent to 23% of the country's gross domestic product (GDP), estimated in 2012. Regarding consumer prices, the inflation rate in Belgium is 1.3%. The currency of Belgium is the euro. There are several plural forms of the name "euro". These are euros, euros. The symbol used for this currency is €, abbreviated to EUR. The euro is divided into cents; 1 euro is 100. Every year, consumers spend around 270,819 million US dollars. The ratio of consumer spending to GDP in Belgium is 0.05% and the ratio of consumer spending to world consumer market is 63%. Corporate tax in Belgium is 33.99%. Personal income tax ranges from 0% to 64% depending on your specific situation and income level. VAT in Belgium is 21%.
Gross domestic product
The total gross domestic product (GDP) valued as Purchasing Power Parity (PPP) in Belgium is US$483,331 billion. The gross domestic product (GDP) per capita calculated in Purchasing Power Parity (PPP) in Belgium was last seen at $42,034,196. PPP in Belgium is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Belgium is 524.806 billion. Based on this statistic, Belgium is considered as a large economy. Countries with large economies support a variety of industries and businesses and offer numerous opportunities for investment. Large economies support a significant financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good investment opportunities in Belgium. Gross Domestic Product (GDP) per capita in Belgium was last seen at $45,641,182. The average citizen in Belgium has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Belgium in 2014 averaged 1%. According to this percentage, Belgium is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.