{"format":"alysly-page/1","url":"https://alysly.com/markets/countries/be/","json":"https://alysly.com/json/markets/countries/be/index.json","lang":"en-US","title":"Belgium Stocks & ETFs | Economy","description":"75 tracked Belgium stocks, World Bank indicators (GDP per capita $60,750) and the ETFs with the highest country weight (up to 3.4% in ZPRE).","modified":"2026-10-31T00:00:00Z","alternates":[{"lang":"de-DE","url":"https://alysly.com/de/maerkte/laender/be/","json":"https://alysly.com/json/de/maerkte/laender/be/index.json"}],"about":"Machine-readable version of the page at url. It contains the text, tables and key figures published there, but not the interactive charts and tools.","breadcrumb":[{"name":"Markets","url":"https://alysly.com/markets/"},{"name":"Countries","url":"https://alysly.com/markets/countries/"},{"name":"Belgium","url":"https://alysly.com/markets/countries/be/"}],"content":[{"type":"heading","level":1,"text":"Belgium"},{"type":"paragraph","text":"BEL · Europe & Central Asia · High income"},{"type":"paragraph","text":"This page brings together what Belgium means for an ETF portfolio: the economic picture from World Bank data, the 75 Belgium stocks we track, and the ETFs that actually give you exposure — with the country weight computed from real fund holdings, not estimated."},{"type":"heading","level":2,"text":"Economic Indicators"},{"type":"facts","items":[{"label":"Gross domestic product (2025)","value":"$725B"},{"label":"GDP per capita (2025)","value":"$60,750"},{"label":"Real GDP growth (2025)","value":"1.0%"},{"label":"Inflation rate (2025)","value":"2.5%"},{"label":"Unemployment rate (2025)","value":"5.9%"},{"label":"Population (2025)","value":"11.9 m"}]},{"type":"table","caption":"Economic indicators over time","columns":["Year","GDP per capita (USD)","Real GDP growth (%)","Inflation rate (%)","Unemployment rate (%)"],"rows":[["2018","47,487","1.9","2.1","5.9"],["2019","46,717","2.4","1.4","5.4"],["2020","45,906","-4.8","0.7","5.5"],["2021","51,658","6.3","2.4","6.2"],["2022","50,639","4.0","9.6","5.6"],["2023","55,245","1.6","4.0","5.5"],["2024","56,582","1.1","3.1","5.7"],["2025","60,750","1.0","2.5","5.9"]]},{"type":"paragraph","text":"Data note 1","href":"#dn-1"},{"type":"heading","level":2,"text":"ETFs With the Highest Belgium Weight"},{"type":"paragraph","text":"Sum of the fund's individual holdings from this country — added up from published holdings, not estimated."},{"type":"table","caption":"ETFs by country weight","columns":["ETF","Index","Weight","Holdings"],"rows":[[{"text":"State Street® SPDR® MSCI EMU UCITS ETF ZPRE · IE00B910VR50","links":[{"text":"State Street® SPDR® MSCI EMU UCITS ETF","href":"https://alysly.com/markets/etfs/state-street-spdr-msci-emu-ucits-etf/"}]},{"text":"MSCI EMU","href":"https://alysly.com/markets/indices/msci-emu/"},"3.4%","12"],[{"text":"Xtrackers MSCI Europe Small Cap UCITS ETF 1c XXSC · LU0322253906","links":[{"text":"Xtrackers MSCI Europe Small Cap UCITS ETF 1c","href":"https://alysly.com/markets/etfs/xtrackers-msci-europe-small-cap-ucits-etf-1c/"}]},{"text":"MSCI Europe Small Cap","href":"https://alysly.com/markets/indices/msci-europe-small-cap/"},"3.3%","25"],[{"text":"Xtrackers MSCI Europe Small Cap UCITS ETF 1d XMES · LU3456232308","links":[{"text":"Xtrackers MSCI Europe Small Cap UCITS ETF 1d","href":"https://alysly.com/markets/etfs/xtrackers-msci-europe-small-cap-ucits-etf-1d/"}]},{"text":"MSCI Europe Small Cap","href":"https://alysly.com/markets/indices/msci-europe-small-cap/"},"3.3%","25"],[{"text":"State Street® SPDR® MSCI Europe Small Cap UCITS ETF SMC · IE00BKWQ0M75","links":[{"text":"State Street® SPDR® MSCI Europe Small Cap UCITS ETF","href":"https://alysly.com/markets/etfs/state-street-spdr-msci-europe-small-cap-ucits-etf/"}]},{"text":"MSCI Europe Small Cap","href":"https://alysly.com/markets/indices/msci-europe-small-cap/"},"3.2%","26"],[{"text":"Xtrackers MSCI EMU UCITS ETF 1d XD5E · LU0846194776","links":[{"text":"Xtrackers MSCI EMU UCITS ETF 1d","href":"https://alysly.com/markets/etfs/xtrackers-msci-emu-ucits-etf-1d/"}]},{"text":"MSCI EMU","href":"https://alysly.com/markets/indices/msci-emu/"},"2.6%","11"],[{"text":"Xtrackers MSCI EMU UCITS ETF 4c XEMU · LU1920015366","links":[{"text":"Xtrackers MSCI EMU UCITS ETF 4c","href":"https://alysly.com/markets/etfs/xtrackers-msci-emu-ucits-etf-4c/"}]},{"text":"MSCI EMU","href":"https://alysly.com/markets/indices/msci-emu/"},"2.6%","11"],[{"text":"iShares STOXX Europe 600 UCITS ETF (DE) EXSA · DE0002635307","links":[{"text":"iShares STOXX Europe 600 UCITS ETF (DE)","href":"https://alysly.com/markets/etfs/ishares-stoxx-europe-600-ucits-etf-de/"}]},{"text":"STOXX Europe 600","href":"https://alysly.com/markets/indices/stoxx-600/"},"1.9%","17"],[{"text":"State Street® SPDR® MSCI Europe UCITS ETF SPYE · IE00BKWQ0Q14","links":[{"text":"State Street® SPDR® MSCI Europe UCITS ETF","href":"https://alysly.com/markets/etfs/state-street-spdr-msci-europe-ucits-etf/"}]},{"text":"MSCI Europe","href":"https://alysly.com/markets/indices/msci-europe/"},"1.8%","12"]]},{"type":"paragraph","text":"Data note 2","href":"#dn-2"},{"type":"heading","level":2,"text":"Largest Tracked Stocks"},{"type":"paragraph","text":"75 stocks from Belgium are covered through our ETF holdings — these carry the highest single weight."},{"type":"list","ordered":false,"items":["ANHEUSER-BUSCH INBEV SA 1.65%","Anheuser-Busch InBev SA/NV 1.48%","Warehouses De Pauw SA 0.91%","argenx SE 0.77%","UCB S.A. 0.52%","UCB SA 0.52%","Aedifica SA 0.43%","AEDIFICA NV 0.42%",{"text":"ARGENX ARGX · 0.41%","href":"https://alysly.com/markets/stocks/argenx-se/"},"ACKERMANS & VAN HAAREN NV 0.41%","KBC Group N.V. 0.41%","KBC GROEP NV 0.41%","Ackermans & van Haaren NV 0.40%","UMICORE SA 0.35%","Umicore SA 0.31%","ELIA GROUP SA 0.28%","Elia Group SA/NV 0.28%","WAREHOUSES DE PAUW NV 0.27%","KBC ANCORA NV 0.27%","KBC Ancora SCA 0.27%"]},{"type":"heading","level":2,"text":"All Tracked Stocks"},{"type":"paragraph","text":"17 names, ETF coverage on average in the 85.4th percentile of all stocks we cover. Sorted by ETF reach."},{"type":"table","caption":"Tracked stocks","columns":["Stock","Ticker","ETFs"],"rows":[[{"text":"Anheuser-Busch InBev SA/NV","href":"https://alysly.com/markets/stocks/anheuser-busch-inbev-sa-nv/"},"ABI","29"],[{"text":"argenx SE","href":"https://alysly.com/markets/stocks/argenx-se/"},"ARGX","29"],[{"text":"Elia Group SA/NV","href":"https://alysly.com/markets/stocks/elia-group-sa-nv/"},"ELI","28"],[{"text":"Syensqo SA/NV","href":"https://alysly.com/markets/stocks/syensqo-sa-nv/"},"SYENS","28"],[{"text":"ageas SA/NV","href":"https://alysly.com/markets/stocks/ageas-sa-nv/"},"AGS","28"],[{"text":"Groupe Bruxelles Lambert NV","href":"https://alysly.com/markets/stocks/groupe-bruxelles-lambert-nv/"},"GBLB","27"],[{"text":"KBC Group N.V.","href":"https://alysly.com/markets/stocks/kbc-groep/"},"KBC","27"],[{"text":"Sofina SA","href":"https://alysly.com/markets/stocks/sofina-sa/"},"SOF","27"],[{"text":"Financiere de Tubize S.A.","href":"https://alysly.com/markets/stocks/financiere-de-tubize-s-a/"},"TUB","26"],[{"text":"UCB S.A.","href":"https://alysly.com/markets/stocks/ucb-s-a/"},"UCB","26"],[{"text":"Lotus Bakeries NV","href":"https://alysly.com/markets/stocks/lotus-bakeries-nv/"},"LOTB","24"],[{"text":"Warehouses de Pauw NV","href":"https://alysly.com/markets/stocks/warehouses-de-pauw-nv/"},"WDP","16"],[{"text":"Ackermans & van Haaren NV","href":"https://alysly.com/markets/stocks/ackermans-van-haaren-nv/"},"ACKB","15"],[{"text":"Aedifica NV","href":"https://alysly.com/markets/stocks/aedifica-nv/"},"AED","15"],[{"text":"Umicore SA","href":"https://alysly.com/markets/stocks/umicore-sa/"},"UMI","15"],[{"text":"KBC Ancora SCA","href":"https://alysly.com/markets/stocks/kbc-ancora-sca/"},"KBCA","12"],[{"text":"Dieteren (D) SA","href":"https://alysly.com/markets/stocks/dieteren-d-sa/"},"DIE","4"]]},{"type":"paragraph","text":"Data note 3","href":"#dn-3"},{"type":"heading","level":2,"text":"Other Countries in This Region"},{"type":"list","ordered":false,"items":[{"text":"Austria","href":"https://alysly.com/markets/countries/at/"},{"text":"Switzerland","href":"https://alysly.com/markets/countries/ch/"},{"text":"Germany","href":"https://alysly.com/markets/countries/de/"},{"text":"Denmark","href":"https://alysly.com/markets/countries/dk/"},{"text":"Spain","href":"https://alysly.com/markets/countries/es/"},{"text":"Finland","href":"https://alysly.com/markets/countries/fi/"},{"text":"France","href":"https://alysly.com/markets/countries/fr/"},{"text":"United Kingdom","href":"https://alysly.com/markets/countries/gb/"},{"text":"Greece","href":"https://alysly.com/markets/countries/gr/"},{"text":"Ireland","href":"https://alysly.com/markets/countries/ie/"},{"text":"Italy","href":"https://alysly.com/markets/countries/it/"},{"text":"Luxembourg","href":"https://alysly.com/markets/countries/lu/"},{"text":"Netherlands","href":"https://alysly.com/markets/countries/nl/"},{"text":"Norway","href":"https://alysly.com/markets/countries/no/"}]},{"type":"list","ordered":false,"items":[{"text":"Which ETFs hold which stock?","href":"https://alysly.com/markets/etfs/holdings/"},{"text":"Stocks by sector","href":"https://alysly.com/markets/stocks/by-sector/"},{"text":"ETF overlap","href":"https://alysly.com/markets/etfs/overlap/"},{"text":"Market network","href":"https://alysly.com/markets/network/"}]},{"type":"heading","level":2,"text":"Related Rates & Economy"},{"type":"paragraph","text":"ECB Policy Rate Inflation in Germany and the Euro Area Government Bond Yields","links":[{"text":"ECB Policy Rate","href":"https://alysly.com/interest-rates/ecb-policy-rate/"},{"text":"Inflation in Germany and the Euro Area","href":"https://alysly.com/interest-rates/inflation/"},{"text":"Government Bond Yields","href":"https://alysly.com/interest-rates/bond-yields/"}]},{"type":"heading","level":2,"text":"In the Alysly Network"},{"type":"image","alt":"Network diagram: Belgium"},{"type":"paragraph","text":"The map shows how Belgium connects to ETFs, indices and other names. Each link is based on measured data and is not a recommendation."},{"type":"list","ordered":false,"items":[{"text":"ageas SA/NV Stock · domicile","links":[{"text":"ageas SA/NV","href":"https://alysly.com/markets/stocks/ageas-sa-nv/"}]},{"text":"Anheuser-Busch InBev SA/NV Stock · domicile","links":[{"text":"Anheuser-Busch InBev SA/NV","href":"https://alysly.com/markets/stocks/anheuser-busch-inbev-sa-nv/"}]},{"text":"argenx Stock · domicile","links":[{"text":"argenx","href":"https://alysly.com/markets/stocks/argenx-se/"}]},{"text":"Elia Group SA/NV Stock · domicile","links":[{"text":"Elia Group SA/NV","href":"https://alysly.com/markets/stocks/elia-group-sa-nv/"}]},{"text":"Financiere de Tubize S.A. Stock · domicile","links":[{"text":"Financiere de Tubize S.A.","href":"https://alysly.com/markets/stocks/financiere-de-tubize-s-a/"}]},{"text":"Groupe Bruxelles Lambert Stock · domicile","links":[{"text":"Groupe Bruxelles Lambert","href":"https://alysly.com/markets/stocks/groupe-bruxelles-lambert-nv/"}]},{"text":"KBC Group N.V. Stock · domicile","links":[{"text":"KBC Group N.V.","href":"https://alysly.com/markets/stocks/kbc-groep/"}]},{"text":"Sofina Stock · domicile","links":[{"text":"Sofina","href":"https://alysly.com/markets/stocks/sofina-sa/"}]},{"text":"Syensqo SA/NV Stock · domicile","links":[{"text":"Syensqo SA/NV","href":"https://alysly.com/markets/stocks/syensqo-sa-nv/"}]},{"text":"UCB S.A. Stock · domicile","links":[{"text":"UCB S.A.","href":"https://alysly.com/markets/stocks/ucb-s-a/"}]}]},{"type":"paragraph","text":"View the full data network","href":"https://alysly.com/markets/network/"},{"type":"paragraph","text":"Updated Oct 31, 2026"},{"type":"heading","level":2,"id":"note-legend-h","text":"Data Notes"},{"type":"paragraph","text":"How the figures on this page are produced and how current they are. All calculations run automatically and are not investment advice."},{"type":"list","ordered":true,"items":[{"id":"dn-1","text":"Country indicators from World Bank Open Data (CC BY 4.0), latest available annual value."},{"id":"dn-2","text":"Holdings as of the fund's latest published holdings list; the as-of date is shown at the block."},{"id":"dn-3","text":"Number of ETFs with available holdings data that hold the stock; the percentile compares all covered stocks against that same set."}]},{"type":"paragraph","text":"Data and methodology: Alysly · Responsible for content: Alexander Bock","links":[{"text":"Alysly","href":"https://alysly.com/methodology/"},{"text":"Alexander Bock","href":"https://alysly.com/about/"}]},{"type":"paragraph","text":"View all data notes","href":"https://alysly.com/notes/"}],"structured_data":[{"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://alysly.com/#org","name":"Alysly","url":"https://alysly.com/","logo":{"@type":"ImageObject","url":"https://alysly.com/img/icon-512.png","width":512,"height":512},"description":"Data-driven insights, transparent analysis and powerful tools for long-term investors.","email":"mail@alysly.com","contactPoint":{"@type":"ContactPoint","contactType":"customer support","email":"mail@alysly.com","availableLanguage":["de","en"]},"address":{"@type":"PostalAddress","addressLocality":"Haltern am See","postalCode":"45721","addressCountry":"DE"},"founder":{"@id":"https://alysly.com/#founder"},"sameAs":["https://www.linkedin.com/company/alyslycom/","https://www.youtube.com/@alyslycom","https://x.com/alyslycom"],"publishingPrinciples":"https://alysly.com/methodology/"},{"@type":"Person","@id":"https://alysly.com/#founder","name":"Alexander Bock","jobTitle":"Founder and data analyst","url":"https://alysly.com/about/","sameAs":["https://www.linkedin.com/in/abxk/"]},{"@type":"WebSite","@id":"https://alysly.com/#site","url":"https://alysly.com/","name":"Alysly","alternateName":"Alysly Investment Analysis","inLanguage":"en-US","publisher":{"@id":"https://alysly.com/#org"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://alysly.com/markets/stocks/browse/?q={search_term_string}"},"query-input":"required name=search_term_string"}},{"@type":"WebPage","@id":"https://alysly.com/markets/countries/be/#webpage","url":"https://alysly.com/markets/countries/be/","name":"Belgium – Alysly","description":"75 tracked Belgium stocks, World Bank indicators (GDP per capita $60,750) and the ETFs with the highest country weight (up to 3.4% in ZPRE).","inLanguage":"en-US","isPartOf":{"@id":"https://alysly.com/#site"},"dateModified":"2026-10-31T00:00:00Z","publisher":{"@id":"https://alysly.com/#org"},"mainEntity":{"@id":"https://alysly.com/markets/countries/be/#entity"},"primaryImageOfPage":{"@type":"ImageObject","url":"https://alysly.com/og.png","width":1200,"height":630}}]},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Markets","item":"https://alysly.com/markets/"},{"@type":"ListItem","position":2,"name":"Countries","item":"https://alysly.com/markets/countries/"},{"@type":"ListItem","position":3,"name":"Belgium"}]},{"@context":"https://schema.org","@type":"Dataset","@id":"https://alysly.com/markets/countries/be/#entity","name":"Belgium — economic data and equity holdings","description":"75 tracked Belgium stocks, World Bank indicators (GDP per capita $60,750) and the ETFs with the highest country weight (up to 3.4% in ZPRE).","url":"https://alysly.com/markets/countries/be/","inLanguage":"en-US","license":"https://creativecommons.org/licenses/by/4.0/","isAccessibleForFree":true,"creator":{"@type":"Organization","name":"World Bank","url":"https://data.worldbank.org/"},"publisher":{"@id":"https://alysly.com/#org"},"spatialCoverage":{"@type":"Country","name":"Belgium","identifier":"BEL"},"variableMeasured":[{"@type":"PropertyValue","name":"Gross domestic product (2025)","value":725466462859.646},{"@type":"PropertyValue","name":"Real GDP growth (2025)","value":0.983117967125935},{"@type":"PropertyValue","name":"GDP per capita (2025)","value":60750.2735864647},{"@type":"PropertyValue","name":"Inflation rate (2025)","value":2.46605755272817},{"@type":"PropertyValue","name":"Population (2025)","value":11941781},{"@type":"PropertyValue","name":"Unemployment rate (2025)","value":5.906}]}],"notice":"© 2026 Alysly.com. Not investment advice. All data without guarantee. Financial information is analyzed and presented partly with AI assistance."}