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CTAD, UNESCO, UNHCR, UNIDO, UNMOGIP, UNOSOM, UNPROFOR, UNRWA, UNTAC, UNTSO, UPU, WCL, WEU, WHO, WIPO, WMO, WTO, ZC Diplomatic representation in US: chief of mission: Ambassador Juan CASSIERS chancery: 3330 Garfield Street NW, Washington, DC 20008 telephone: (202) 333-6900 FAX: (202) 333-3079 consulates general: Atlanta, Chicago, Los Angeles, and New York US diplomatic representation: chief of mission: Ambassador Bruce S. GELB embassy: 27 Boulevard du Regent, Brussels mailing address: B-1000 Brussels, PSC 82, Box 002, APO AE 09724 telephone: [32] (2) 513-3830 FAX: [32] (2) 511-2725 Flag: three equal vertical bands of black (hoist side), yellow, and red; the design was based on the flag of France *Belgium, Economy Overview: This small private enterprise economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the populous Flemish area in the north, although the government is encouraging reinvestment in the southern region of Walloon. With few natural resources Belgium must import essential raw materials, making its economy closely dependent on the state of world markets. Over 70% of trade is with other EC countries. The economy grew at a strong 4% pace during the period 1988-90, but economic growth slowed to a 1% pace in 1991-92. The economy is expected to turn in another sluggish 1% performance in 1993. Belgium's public debt remains high at 120% of GDP and the government is trying to control its expenditures to bring the figure more into line with other industrialized countries. National product: GDP - purchasing power equivalent - $177.9 billion (1992) National product real growth rate: 0.8% (1992) National product per capita: $17,800 (1992) Inflation rate (consumer prices): 2.6% (1992 est.) Unemployment rate: 9.8% (end 1992) Budget: revenues $97.8 billion; expenditures $109.3 billion, including capital expenditures of $NA (1989) Exports: $118 billion (f.o.b., 1991) Belgium-Luxembourg Economic Union commodities: iron and steel, transportation equipment, tractors, diamonds, petroleum products partners: EC 75.5%, US 3.7%, former Communist countries 1.4% (1991) Imports: $121 billion (c.i.f., 1991) Belgium-Luxembourg Economic Union commodities: fuels, grains, chemicals, foodstuffs
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