Flag Italy / Belgium Flag

Economic Complexity of Flag (2018): ECI 1.31, Rnk 18 / 137

GDP Flag (2018): $2.08T, CURRENT US$
Rnk 8 / 196

GDP GROWTH Flag (2008-2018): -13.1%, CURRENT US$
Rnk 187 / 196

GDP Flag (2018): $543B, CURRENT US$
Rnk 23 / 196

GDP GROWTH Flag (2008-2018): 5.34%, CURRENT US$
Rnk 157 / 196

GDP PC Flag (2018): $34,483, CURRENT US$
Rnk 29 / 196

GDP PC GROWTH Flag (2008-2018): -15.4%, CURRENT US$
Rnk 176 / 196

GDP PC Flag (2018): $47,519, CURRENT US$
Rnk 19 / 196

GDP PC GROWTH Flag (2008-2018): -1.22%, CURRENT US$
Rnk 150 / 196

Market Competitiveness

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Measure

Italy
Top Destination
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Belgium
Top Destination
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This map shows whether countries import more from Italy or Belgium. Each country is colored based on the difference in imports they receive from Italy and Belgium or the difference in the growth in imports.

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Trade Forecasts

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This section shows a forecast for total trade between Italy and Belgium. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2016, Italy exported services to Belgium worth $4.09B, with Other business services ($2.85B), Travel ($681M), and Transportation ($190M) being the largest in terms of value.

In 2016, Belgium exported services to Italy worth $3.2B, with Other business services ($1.32B), Transportation ($926M), and Computer and information services ($328M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Belgium. Similarly, the more red a dot/product is, the more Belgium has comparative advantage over Italy.