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Industrial driving force for prosperity in Belgium

  • In 2013, the chemical and life sciences industry generated value added of 16 billion €. Value added measures the sector’s contribution to overall prosperity.
  • Over the last decade, the sector has grown in importance within the Belgian industrial fabric, not least thanks to the strong growth of the biopharmaceutical industry. The sector’s share in the total value added of the Belgian manufacturing industry increased from 28% in 2003 to 32% in 2013. This is twice that of chemistry and life sciences in the manufacturing industry in the euro area (16% in 2013).
  • Belgium represents only 2% of Europe’s population and 3% of its Gross Domestic Product (GDP). However, with more than 5% of the added value of the European chemical industry, Belgium is Europe’s 8th largest chemicals producer.
  • Change of methodology in value added. Now based on ESA 2010 instead of ESA 1995. Expenses in R&D are accounted for in another way. This has an impact on value added.

* Change of methodology in value added. Now based on ESA 2010 instead of ESA 1995. Expenses in R&D are accounted for in another way. This has an impact on value added.