The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This Selected Background Issues paper analyzes the competitiveness issues for Belgium and analyzes in what sense competitiveness is important for the country. The paper summarizes the approach followed in Belgium to measure developments in this respect. It discusses alternative indicators, including the current account of the balance of payments, and concludes that competitiveness is not currently a problem in Belgium. The paper also analyzes the rise in the current account surplus, and links it to the saving-investment balance.