Market Intelligence Reports

Global Market Report Q4 2021

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38 Belgium Q4 2021 Total Labor Force (000s) 5,145 Employed Workers (000s) 4,820 Unemployed Workers (000s) 324 Unemployment Rate 6.3% 4,839 4,835 4,866 4,787 4,820 Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 5.6% 5.3% 5.2% 5.8% 6.3% Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 76% - First Vaccine Dose (December 2021) Covid Update Vaccines are to be made mandatory for all people working in the healthcare sector including hospitals and residential care homes. Covid Safe Tickets are required for large events. From mid December, private sector workers will only be allowed the office for two days a week. 34% 25% 21% 0% 25% 50% 75% Employer Tax Profit Tax VAT Belgium Regional Average Other Cost Considerations - Tax Indicative Wages (USD) $4,291 $4,405 $11.28 $0 $5 $10 $15 $0 $2,500 $5,000 $7,500 Average Wage Manufacturing Wage Minimum Wage Belgium Regional Average Year on year wage inflation in June '21 was 11.33% Belgium had over 172K open vacancies in June '21. Working Population (in Thousands) Over Time Unemployment Rate Over Time Labor Force Statistics Hiring Demand Trend by Experience Level TalentNeuron Monthly Hourly Key Sources: https://wageindicator.org/ https://ilostat.ilo.org/ https://www.worldbank.org/ https://tradingeconomics.com/ https://home.kpmg/xx/en/home.html https://taxsummaries.pwc.com/ https://ec.europa.eu/eurostat

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