The Belgian economy is characterized by a high degree of openness and is heavily reliant on international trade. It is one of the most developed economies in Europe, with key sectors including manufacturing, services, and agriculture. Major exports include machinery, chemicals, and food products, while imports primarily consist of raw materials and energy. Belgium has a diverse labor market and a high standard of living. The country benefits from its strategic location in Western Europe, making it a hub for logistics and transport. Additionally, the presence of institutions like the European Union and NATO contributes to its economic stability and growth.