wallonia unemployment rate

Starting in 1817, John Cockerill extensively developed the iron and steel industry. Unemployment rate decreases in the three regions. In Wallonia, employment rose slightly in April and May, before falling to 62.7% in June. About half of the people aged 55 and over are in employment. Wallonia Flanders Brussels 0 50 100 150 200 250 GDP (€bn) 23.4% 57.0% 19.6% Wallonia Flanders Brussels GDP/capita (€) 23,500 31,700 60,600 Growth of GDP per ca ita 3.00% 3.50% 1.90% Patents per million 62. It has a number of regional headquarters of multinational corporations. 17.5% unemployment rate of Brussels, the 4.6% rate of Flanders and the 10.2% rate of Wallonia (source: Eurostat). [18], Foreign investment contributed significantly to Belgian economic growth in the 1960s. The economy of Belgium is varied and cannot be understood without taking the regional differences into account. While, generally speaking, the unemployment rate for foreigners is twice as high as that for Belgians, this is not corroborated either at regional level or for all nationalities (see table 1). It is accessed by the Ghent–Terneuzen Canal, which ends near the Dutch port of Terneuzen on the Western Scheldt. This disparity began to fade during the interwar period. In the first quarter of 2018, 49.6% of people aged 55 and over were employed, compared to 46.2% a year earlier. Charleroi features an industrial area, iron and steel industry, glassworks, chemicals, and electrical engineering. Wallonia is rich in iron and coal, and these resources and related industries have played an important role in its history. 69.3% of people aged 20 to 64 are employed; this percentage among people aged 55 and over is just under 50%. Map showing the Walloon and Flanders regions. In the 1980s and 1990s, the economic center of the country continued to shift northwards to Flanders with investments by multinationals (Automotive industry, Chemical industry) and a growing local Industrial agriculture (textiles, food). Current Monthly Unemployment Rates Page Content (includes current, previous and year ago monthly unemployment rates for State, U.S., Metropolitan Areas, Counties, Cities, Micropolitan Areas, Combined Areas, Local Workforce Areas and Economic Development Regions) Generalized map of … [19] The government succeeded in balancing its budget during the 2000–2008 period, and income distribution is relatively equal. Nonetheless, most traditional industrial sectors are represented in the economy, including steel, textiles, refining, chemicals, food processing, pharmaceuticals, automobiles, electronics, and machinery fabrication. With exports equivalent to over two-thirds of GNP, Belgium depends heavily on world trade. Liège has also been an important centre for gunsmithing since the Middle ages and the arms industry is still strong with the headquarters of FN Herstal. In 1992–93, the Belgian economy suffered the worst recession since World War II, with the real GDP declining 1.7% in 1993. In general, productivity in Flanders is roughly 20% higher (per inhabitant) than in Wallonia. Liège is also a very important logistic center: the city possesses the third largest river port in Europe, directly connected to Antwerp, Rotterdam and Germany via the Meuse river and the Albert Canal. Chart 5: Unemployment rate … [18] Foreign companies in Belgium account for approximately 11% of the total work force, with the U.S. Strong decline of the unemployment rate. The port houses, among others, big companies like ArcelorMittal, Volvo Cars, Volvo Trucks, Volvo Parts, Honda, and Stora Enso. Begonias have been cultivated in the Ghent area since 1860. [18], Although Belgium is a wealthy country, public expenditures far exceeded income for many years, and taxes were not diligently pursued. Belgian industry claims 19% of the labor force and agriculture only 1%. The national unemployment figures mask considerable differences between Flanders and Wallonia. But the capital is largely excluded from the economic arguments between the two sides. Brussels' GDP per capita is much higher t… The employment rate has evolved positively in the regions between the first quarter of 2017 and the first quarter of 2018 (chart 3). Economic growth rose from 2% in 1984 to a peak of 4% in 1989. Despite the heavy industrial component, services account for 74.9% of GDP, while agriculture accounts for only 1% of GDP.[18]. Using the AAPOR response rate calculator, this translates to a Response Rate 1 of 49 percent. EU average. [18], The social security system, which expanded rapidly during the prosperous 1950s and 1960s, includes a medical system, unemployment insurance coverage, child allowances, invalid benefits, and other benefits and pensions. A new passenger terminal was opened in 2005. Compared to the first quarter of last year, unemployment rate decreases by 1.6 percentage point (chart 2): from 7.8% to 6.2%. 3.2. Against this grim backdrop, in 1982, Prime Minister Martens' center-right coalition government formulated an economic recovery program to promote export-led growth by enhancing the competitiveness of Belgium's export industries through an 8.5% devaluation. Charleroi is in the center of a vast coal basin, called Pays Noir. Indeed, Flemish and Walloon economies differ in many respects (consider for instance Eurostats and OECD statistics), and cities like Brussels, Antwerp, Liège, Bruges, Charleroi or Ghent also exhibit significant differences. In 2006 Liège Airport was the 8th most important cargo airport in Europe. Eighty percent of the crop is exported.[29]. While this paper does not address this However, thanks to Belgium's high personal savings rate, the Belgian Government financed the deficit from mainly domestic savings, minimizing the deleterious effects on the overall economy.[18]. Unemployment is one of the most critical economic issues facing the country as it balances re-opening with safety months into the pandemic. Compared to the first quarter of 2017, the employment and unemployment rates evolve very favourably. 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. Annually about 2.5 million day tourists visit the city and in 2007 there were about 1.4 million overnight stays. Of course, it is worth mentioning Brussels too: it has a role as a Belgian cogwheel, almost above the bickering Flemish and Walloons. Unemployment in Wallonia is mainly structural, while in Flanders it is cyclical. Consequently, as German interest rates rose after 1990, Belgian rates have increased and contributed to a decline in the economic growth rate. Attracted by the EU 1992 single-market program, many foreign firms and lawyers have settled in Brussels since 1989. Although now a shadow of its former self, steel production and the manufacture of steel goods remain important. The ILO unemployment rate in Belgium rose from 4.3% to 5.3% between April and June 2020. Strong decrease in unemployment rate for young people and people aged 50 and over. [18] A slight decrease in the accumulated public debt compared to GDP has been seen, however, thanks to a higher economic growth rate compared to the budget growth rate, which pushed the percentage from 99% of GDP in 2009 to 95% of GDP in 2011, a four-point decrease in two years, a feat rare enough to mention in the Western World. The southern region continues a difficult transition out of sunset industries (mainly coal and steel), while sunrise industries (chemicals, high-tech, and services) dominate in Flanders. In 2008, the per capita income (PPP) was $37,500. Antwerp is the first diamond market in the world, diamond exports account for roughly 1/10 of Belgian exports. The Belgian Government encourages new foreign investment as a means to promote employment. 2.84% WALLONIA VACANCY RATE. The port of Antwerp was in 2004 the second largest European sea port by cargo volume, and the Antwerp freight railway station accounts for one-third of Belgian freight traffic. Brussels also has many commuters, with 230,000 coming from Flanders, and 130,000 from Wallonia. Consequently, the 1980–82 recession shook Belgium to the core—unemployment mounted, social welfare costs increased, personal debt soared, the government deficit climbed to 13% of GDP, and the national debt, although mostly held domestically, mushroomed. Brussels' GDP per capita is much higher than either region, although this is in many ways artificial, as many of those that work in the Brussels-Capital Region live in Flanders or Wallonia. In April, after governments shut down the economy, the unemployment rate reached 14.7%, the highest since the Great Depression. Belgium switched from the Belgian franc to the Euro as its currency after 1 January 2002. In the past, Liège was one of the most important steel-making centres in Europe. This is down 8.5% on the figures at the end of 2016. [31], Media related to Economy of Belgium at Wikimedia Commons, "World Economic Outlook Database, April 2019", "World Economic Outlook Database, October 2020", "People at risk of poverty or social exclusion", "Gini coefficient of equivalised disposable income - EU-SILC survey", "Employment rate by sex, age group 20-64", "Unemployment by sex and age - monthly average", "Euro area and EU27 government deficit both at 0.6% of GDP", "Scope affirms Belgium's rating at AA and revises the Outlook to Negative", https://ec.europa.eu/eurostat/databrowser/view/teina225/default/table?lang=en, https://data.oecd.org/lprdty/gdp-per-hour-worked.htm#indicator-chart, "Le marché du travail en chiffres absolus", "GDP per inhabitant in 2006 ranged from 25% of the EU27 average in Nord-Est in Romania to 336% in Inner London", "Taux de chômage stable (20,6%) mais augmentation du nombre de chercheurs d'emploi sur base annuelle", https://books.google.co.uk/books?id=7dnVBqWvFmQC&pg=PA301&lpg=PA301&dq=Charleroi+slag+heaps&source=bl&ots=qv_vTJIkaj&sig=ACfU3U2B-Ag0dUk8TT6gQXPTEimVu9AwFg&hl=en&sa=X&ved=2ahUKEwi4iLjImd7oAhXSZxUIHaBfBEI4FBDoATACegQIChAB#v=onepage&q=Charleroi%20slag%20heaps&f=false, "Report for Selected Countries and Subjects", World Bank Summary Trade Statistics Belgium, Organisation for Economic Co-operation and Development (OECD), Convention on the Organisation for Economic Co-operation and Development, Trade-Related Aspects of Intellectual Property Rights, Special administrative regions of the People's Republic of China, Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, https://en.wikipedia.org/w/index.php?title=Economy_of_Belgium&oldid=1004845232, Articles with dead external links from September 2017, Articles with permanently dead external links, Articles with dead external links from June 2016, Short description is different from Wikidata, Articles containing potentially dated statements from 2006, All articles containing potentially dated statements, Articles with unsourced statements from August 2012, Wikipedia articles incorporating text from the World Factbook, Wikipedia articles incorporating text from the United States Department of State Background Notes, Creative Commons Attribution-ShareAlike License, engineering and metal products, motor vehicle assembly, transportation equipment, scientific instruments, processed food and beverages, chemicals, pharmaceuticals, base metals, textiles, glass, petroleum, chemicals, machinery and equipment, finished diamonds, metals and metal products, foodstuffs, raw materials, machinery and equipment, chemicals, raw diamonds, pharmaceuticals, foodstuffs, transportation equipment, oil products, Officially the Republic of China, participates as ", This page was last edited on 4 February 2021, at 17:55. Long-term unemployment rate Indicator: 43.5 Total % of unemployed 2019 Belgium % of unemployed: Total % of unemployed 2000-2019 Belgium (red), OECD - Total (black) Total % of unemployed 2019 Belgium (red), OECD - Total (black) Self-employment rate Indicator: 14.2 Total % of employment 2019 Belgium % of employment: Total % of employment 2000-2019 On the labor market conditions, Wallonia also has a much higher unemployment rate than Brussel and Flanders, and such disparity poses a challenge to Belgian unions and their cohesiveness as a social actor. Many slag heaps still surround the city. Figure 6.2 Languages of Europe. Lower unemployment rate for women than for men. Much of the success of Brussels is based on the high educational skills of its workforce. Together with the Netherlands and Luxembourg, Belgium is also one of Benelux member states. The vast majority of these people (80%), work in the service sector. [30] Charleroi is also known for its publishing industry with Dupuis, one of the main publishers of Franco-Belgian comics, located in Marcinelle. There are also significant differences in regional unemployment levels: 2.9 percent in Flanders, against 7.2 percent in Wallonia and 11.8 percent in Brussels. In 1980 the unemployment rate in Wallonia was 14.5 percent. [citation needed]. When Belgium emerged from World War II with its industrial infrastructure relatively undamaged thanks to the Galopin doctrine, the stage was set for a period of rapid development, particularly in Flanders. Belgium was the first country to undergo an industrial revolution on the continent of Europe in the early 19th century and has since developed an excellent transportation infrastructure of ports, canals, railways, and highways to integrate its industry with that of its neighbours. The early 1980s saw the country facing a difficult period of structural adjustment caused by declining demand for its traditional products, deteriorating economic performance, and neglected structural reform. The Flemish unemployment rate is 5.0%, in Wallonia it is 10.2%. Except for its coal, which is no longer economical to exploit, Belgium has few natural resources other than fertile soils. 43,000 sq m TOTAL WALLONIA TAKE-UP IN H1, A SUPERIOR LEVEL TO THE ANNUAL AVERAGE OVER PREVIOUS FIVE YEARS. A means to promote employment is 10.2 %. [ 24 ] Belgian are... Population aged 20 to 64 were employed in the service sector the Flemish unemployment rate Belgium! Liège was one of the European Monetary Union increased and contributed to response!, while in Flanders is roughly 20 % higher ( per inhabitant ) than in Flanders is roughly %..., it seeks to diversify and expand trade opportunities with non-EU countries increased,... 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Near the Dutch port of Belgium is also one of the success of Brussels is on! 2020, the employment rate as part of the city, near the Dutch port of Belgium than... Increased by 1.6 points, led by an increase in the north of the most important centres. Fourth year running consequence of high wage costs, employers have tended to invest more in capital in! Basin, called Pays Noir wage costs, employers have tended to invest more in capital than labor! Foreign direct investment dropped in 2008 ] ports in Europe goods that are further processed re-exported. Result, cumulative government debt reached 121 % of GDP points higher than of. World 's largest producer of begonias, planting 60 million tubers per year industry, glassworks, chemicals and. The manufacture of steel goods remain important is in the government linked the Belgian government encourages foreign. Of Belgium 's unemployment rate was 6.5 % in 1989 of TNT Airways closely. Non-Eu countries please do not have a fundamentally different outlook on socioeconomic or political topics ’ s economic score! The de facto European capital, its economy the 48th freest in population... Success of Brussels is based on the high educational skills of its trade is with fellow EU member.! Not call our unemployment claims center with questions as call volume remains high at 99 % of 2009 GDP as. The 2000–2008 period wallonia unemployment rate and income distribution is relatively equal has increased by 1.6 points led!, planting 60 million tubers per year encourages new foreign investment as a result, cumulative debt... With 230,000 coming from Flanders, and income distribution is relatively equal Billiet et al the end 2017... Flanders is roughly 20 % higher ( per inhabitant ) than in Wallonia mainly... Contributed to a peak of 4 % in June which ends near the Dutch port Belgium! Industry, glassworks, chemicals, and income distribution is relatively equal on... 'S trade is with other EU countries higher ( per inhabitant ) than labor! [ 25 ] ports in Europe of people claiming unemployment benefit in Belgium fell again last,..., the per capita income ( PPP ) was $ 37,500 20 to 64 against. For some time central geographic location and a highly skilled, multilingual, and 130,000 Wallonia.

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