Belgium has a strong and stable economy, with a GDP of $521.7 billion in 2019. This makes it the 22nd largest economy in the world. The country has a high standard of living, with a GDP per capita of $48,845 in 2019. Belgium has a highly developed social market economy, with a large public sector and a strong emphasis on private enterprise. The country has a strong industrial base, with manufacturing accounting for around 20% of GDP. The services sector is the largest contributor to the economy, accounting for around 70% of GDP. Belgium has a highly developed financial sector, with a large number of banks and insurance companies. The country is a major exporter of goods and services, with exports accounting for around 80% of GDP. Belgium has a strong trade relationship with its European neighbors, with the EU accounting for around 70% of its total trade.