Week 5 Final Paper

Market research item

Data

Principal imports and exports

According to information available at http://www.economywatch.com/world_economy/belgium/export-import.html, Principal exports refer to the main goods that a country supplies to other countries. The main exports of Belgium include chemicals, meta and metal products, foodstuffs and machinery and equipments. According to estimates released in 2009, the country exported goods worth $296.1 billion. That value was placed at position three in the whole world. However according 2008 estimates, this value dropped by $75.4 billion. The country majorly exports her goods to Germany, France, Netherlands, United Kingdom, United States and Italy. With Germany buying the highest percentage of Belgium exports.

The main goods that Belgium imports include raw diamonds, foodstuffs, oil products, pharmaceuticals machinery equipments and chemicals. Import estimates were recorded at $315 billion and $387.7 billion in 2008. All the importers of Belgium are its exporters as well with china added to list. Netherlands exports the highest percentage to Belgium.

Gross national product (GNP)

Gross national product refers the monetary value earned by a country. It includes the country’s gross domestic product plus foreign investment minus the income by overseas residents (United States, 1973). According to information available at http://www.tradingeconomics.com/belgium/gross-national-product the GNP for Belgium was 100791 million Euros in the last quarter of 2014. This was a decrease compared to the previous third quarter which was 100834 million Euros. These values were calculated and reported by the national bank of Belgium.

Demographics of the population

Information provided by the world population review at http://worldpopulationreview.com/countries/belgium-population/, indicate that the population of Belgium was recorded at 10,095,005 in 2012. The population has been increasing steadily since then. The country is ranked 33rd in population density. The population density is 942/square kilometer. A recent census by the world population review indicates that the population is currently at 11.239 million. This number is placed at position 75 overall.

Per capita income

Per capita income which in essence is referred to as the GDP per capita is the total value of the gross domestic product of a country divided by the total population of the country in one economic year. From the information located at http://www.tradingeconomics.com/belgium/gdp-per-capita, the GDP per capita income for Belgium was recorded at $ 36410.53 in the year 2013. This information is provided by the World Bank.