The tax-to-GDP ratio in Belgium increased by 0.3 percentage points from 44.5% in 2017 to 44.8% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

The Secretary-General of the OECD, Mr. Angel Gurría, will be in Brussels on 3 February 2020 to present the 2020 OECD Economic Survey of Belgium, alongside Ms. Sophie Wilmès, Prime Minister of Belgium.

Belgium’s tax, labour, pension and education reforms have improved the potential for stronger, sustainable and inclusive growth over the long term. Keeping up this momentum on structural reforms is key to energise the economy and keep it resilient to external risks and uncertainties, according to a new OECD report.

This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.

The tax wedge for the average single worker in Belgium decreased by 0.5 percentage points from 52.7 in 2018 to 52.2 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Belgium had the highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

Brunei recorded a government debt equivalent to 2.40 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Brunei averaged 0.74 percent from 1985 until 2018, reaching an all time high of 3.20 percent in 2014 and a record low of 0 percent in 1986. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Brunei Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brunei recorded a Government Budget deficit equal to 8.60 percent of the country's Gross Domestic Product in 2018. Government Budget in Brunei averaged 5.76 percent of GDP from 1990 until 2018, reaching an all time high of 27.90 percent of GDP in 2008 and a record low of -18.30 percent of GDP in 2016. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Brunei Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brunei recorded a Current Account surplus of 15.50 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Brunei averaged 38.71 percent from 1985 until 2018, reaching an all time high of 76 percent in 1988 and a record low of 12.90 percent in 2016. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Brunei Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Military Expenditure in Brunei decreased to 336 USD Million in 2018 from 347 USD Million in 2017. Military Expenditure in Brunei averaged 339.31 USD Million from 1984 until 2018, reaching an all time high of 477 USD Million in 2014 and a record low of 210 USD Million in 1984.

Brunei recorded a Current Account surplus of 2791.60 BND Million in 2017. Current Account in Brunei averaged 1892.23 BND Million from 2008 until 2017, reaching an all time high of 2968.50 BND Million in 2014 and a record low of 835.20 BND Million in 2014. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Brunei Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Brunei was last recorded at 31436.90 US dollars in 2018. The GDP per Capita in Brunei is equivalent to 249 percent of the world's average. GDP per capita in Brunei averaged 39887.45 USD from 1974 until 2018, reaching an all time high of 66019.90 USD in 1979 and a record low of 31436.90 USD in 2018. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Brunei GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Brunei was last recorded at 71802.50 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Brunei, when adjusted by Purchasing Power Parity is equivalent to 404 percent of the world's average. GDP per capita PPP in Brunei averaged 81648.69 USD from 1990 until 2018, reaching an all time high of 86445.70 USD in 1992 and a record low of 71802.50 USD in 2018. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Brunei GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Brunei decreased to 0.31 percent in 2018 from 0.32 percent in 2017. Deposit Interest Rate in Brunei averaged 0.58 percent from 2004 until 2018, reaching an all time high of 1.17 percent in 2007 and a record low of 0.23 percent in 2012. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Brunei.

Gross Fixed Capital Formation in Brunei increased to 2162.10 BND Million in the second quarter of 2019 from 1447.90 BND Million in the first quarter of 2019. Gross Fixed Capital Formation in Brunei averaged 1712.04 BND Million from 2013 until 2019, reaching an all time high of 2574.80 BND Million in the third quarter of 2018 and a record low of 1080.60 BND Million in the first quarter of 2014. This page provides - Brunei Gross Fixed Capital Formation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brunei is ranked 66 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Brunei deteriorated to 66 in 2019 from 55 in 2018. Ease of Doing Business in Brunei averaged 79 from 2008 until 2019, reaching an all time high of 105 in 2014 and a record low of 55 in 2018. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Brunei.

Brunei scored 60 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Brunei averaged 57.78 Points from 2009 until 2019, reaching an all time high of 63 Points in 2018 and a record low of 52 Points in 2011. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Brunei Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Money Supply M1 in Brunei increased to 4578.39 BND Million in October from 4447.11 BND Million in September of 2019. Money Supply M1 in Brunei averaged 4430.94 BND Million from 2011 until 2019, reaching an all time high of 5758 BND Million in January of 2012 and a record low of 3323 BND Million in July of 2011. This page provides - Brunei Money Supply M1- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Brunei increased to 14337.22 BND Million in October from 14197.81 BND Million in September of 2019. Money Supply M2 in Brunei averaged 14299.93 BND Million from 2011 until 2019, reaching an all time high of 15310 BND Million in June of 2014 and a record low of 12331 BND Million in January of 2011. This page provides - Brunei Money Supply M2- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Brunei decreased to 16853.63 BND Million in September from 16891.02 BND Million in August of 2019. Banks Balance Sheet in Brunei averaged 17979.12 BND Million from 2011 until 2019, reaching an all time high of 21121 BND Million in December of 2011 and a record low of 16118 BND Million in February of 2011. This page provides - Brunei Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Brunei increased to 9.10 percent in 2019 from 8.90 percent in 2018. Unemployment Rate in Brunei averaged 6.32 percent from 1991 until 2019, reaching an all time high of 9.30 percent in 2017 and a record low of 4.70 percent in 1991. In Brunei, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Brunei Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Brunei was estimated at 0.4 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Brunei had a population of 0.1 million people. The population of Brunei represents 0.01 percent of the world´s total population which arguably means that one person in every 17036 people on the planet is a resident of Brunei. This page provides - Brunei Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Brunei was last recorded at 5.50 percent. In Brunei, the Monetary Authority of Brunei Darussalam does not set a benchmark interest rate. Instead, the Prime Lending Rate is utilized as reference. This page provides the latest reported value for - Brunei Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Brunei expanded 7.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Brunei averaged 0.40 percent from 2004 until 2019, reaching an all time high of 7.10 percent in the fourth quarter of 2019 and a record low of -8.10 percent in the fourth quarter of 2013. Brunei is the fourth-largest oil producer in Southeast Asia. Oil accounts for around 62 percent of GDP and is the source of 90 percent of government revenues. Yet, in recent years, oil production has declined and, as a result, growth has slowed down. In order to strengthen Brunei’s long-term prospects, the government has been trying to diversify the economy by using oil revenues to invest in non-oil industries like Islamic banking and by attracting foreign direct investments. Focus on eco-tourism has also been high, given that 70 percent of the country’ is covered by tropical forest. This page provides - Brunei GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Brunei increased 0.10 percent in November of 2019 over the previous month. Inflation Rate Mom in Brunei averaged -0.01 percent from 2013 until 2019, reaching an all time high of 1.60 percent in December of 2014 and a record low of -1.80 percent in January of 2016. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Brunei Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Brunei was recorded at -0.10 percent in November of 2019. Inflation Rate in Brunei averaged 0.48 percent from 2007 until 2019, reaching an all time high of 3.59 percent in October of 2008 and a record low of -1.60 percent in December of 2016. In Brunei, the most important categories in the consumer price index are food and non-alcoholic beverages (19 percent of the total weight) and transport (18.8 percent). The index also includes: housing, water, electricity, gas and other fuels (11 percent); furnishings, household equipment and routine (11 percent); recreation and cultural activities (9.1 percent); hotels and restaurants (8.8 percent); miscellaneous goods and services (6.5 percent); communication (6.0 percent); clothing and footwear (4.2 percent); education (3.9 percent) and health (1.3 percent). This page provides the latest reported value for - Brunei Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cost of food in Brunei decreased 0.60 percent in November of 2019 over the same month in the previous year. Food Inflation in Brunei averaged 1.19 percent from 2007 until 2019, reaching an all time high of 8.34 percent in April of 2012 and a record low of -2.41 percent in February of 2010. This page provides the latest reported value for - Brunei Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Price Index Cpi in Brunei increased to 99.20 points in November from 99.10 points in October of 2019. Consumer Price Index Cpi in Brunei averaged 99.34 points from 2015 until 2019, reaching an all time high of 100.70 points in December of 2015 and a record low of 98.40 points in June of 2019. This page provides - Brunei Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Brunei thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Brunei as reported by major credit rating agencies.

Brunei recorded 141 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Brunei reported 1 Coronavirus Deaths. This page includes a chart with historical data for Brunei Coronavirus Cases.

Brunei recorded 1 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Brunei reported 141 Coronavirus Cases. This page includes a chart with historical data for Brunei Coronavirus Deaths.

Brunei recorded 132 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Brunei reported 1 Coronavirus Deaths. This page includes a chart with historical data for Brunei Coronavirus Recovered.

Indonesia's tax-to-GDP ratio was 11.5% in 2017, below the OECD average (34.2%) by 22.7 percentage points, and also below the LAC and Africa (21)* averages (22.8% and 18.2%, respectively).

This country note explains how Indonesia taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

Internet Speed in Malawi decreased to 1308.79 KBps in the first quarter of 2017 from 1447.86 KBps in the fourth quarter of 2016. Internet Speed in Malawi averaged 825.29 KBps from 2007 until 2017, reaching an all time high of 1909.80 KBps in the fourth quarter of 2014 and a record low of 86.23 KBps in the third quarter of 2009. This page includes a chart with historical data for MalawiInternet Speed.

IP Addresses in Malawi decreased to 15425 IP in the first quarter of 2017 from 15502 IP in the fourth quarter of 2016. IP Addresses in Malawi averaged 6929.18 IP from 2007 until 2017, reaching an all time high of 15502 IP in the fourth quarter of 2016 and a record low of 1276 IP in the third quarter of 2007. This page includes a chart with historical data for MalawiIP Addresses.

Temperature in Malawi decreased to 25.56 celsius in December from 25.97 celsius in November of 2015. Temperature in Malawi averaged 21.45 celsius from 1850 until 2015, reaching an all time high of 26.17 celsius in November of 1957 and a record low of 15.83 celsius in July of 1907. This page includes a chart with historical data for Malawi Average Temperature.

Precipitation in Malawi increased to 206.07 mm in December from 33.71 mm in November of 2015. Precipitation in Malawi averaged 88.89 mm from 1901 until 2015, reaching an all time high of 368.62 mm in February of 1952 and a record low of 0 mm in August of 1978. This page includes a chart with historical data for Malawi Average Precipitation.

Military Expenditure in Malawi increased to 53.50 USD Million in 2018 from 47.40 USD Million in 2017. Military Expenditure in Malawi averaged 22.71 USD Million from 1968 until 2018, reaching an all time high of 64.30 USD Million in 2013 and a record low of 6 USD Million in 1969.

External Debt in Malawi increased to 1569794.22 MWK Million in 2018 from 1486661.76 MWK Million in 2017. External Debt in Malawi averaged 287479.95 MWK Million from 1984 until 2018, reaching an all time high of 1569794.22 MWK Million in 2018 and a record low of 980.60 MWK Million in 1984. This page provides - Malawi External Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Malawi decreased to 9.95 percent in the first quarter of 2017 from 11.41 percent in the fourth quarter of 2016. Deposit Interest Rate in Malawi averaged 15.43 percent from 1980 until 2017, reaching an all time high of 42 percent in the third quarter of 1995 and a record low of 3.50 percent in the first quarter of 2008. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Malawi.

Gold Reserves in Malawi remained unchanged at 0.40 Tonnes in the second quarter of 2019 from 0.40 Tonnes in the first quarter of 2019. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Malawi Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Malawi recorded a Current Account deficit of 14.70 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Malawi averaged -12.79 percent from 1977 until 2018, reaching an all time high of -0.25 percent in 1998 and a record low of -27.60 percent in 2013. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Malawi Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Malawi increased to 139966.40 MWK Million in 2018 from 134737.90 MWK Million in 2017. Government Spending in Malawi averaged 90742.62 MWK Million from 2002 until 2018, reaching an all time high of 139966.40 MWK Million in 2018 and a record low of 27173.70 MWK Million in 2002. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Malawi Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Malawi increased to 191861 MWK Million in 2018 from 184693.90 MWK Million in 2017. Gross Fixed Capital Formation in Malawi averaged 134253.49 MWK Million from 2002 until 2018, reaching an all time high of 213674 MWK Million in 2008 and a record low of 28646.10 MWK Million in 2002. This page provides - Malawi Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Malawi scored 31 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Malawi averaged 32.27 Points from 1998 until 2019, reaching an all time high of 41 Points in 1999 and a record low of 27 Points in 2006. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Malawi Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Malawi expanded 5 percent in 2019 from the previous year. GDP Annual Growth Rate in Malawi averaged 4.43 percent from 1994 until 2019, reaching an all time high of 16.70 percent in 1995 and a record low of -10 percent in 1994. Geographically landlocked, Malawi is one of the least developed countries in the world. Malawi’s economy relies mostly on grants from foreign donors. Agriculture is the most important sector of the economy and accounts for 80 percent of the labour force and 80 percent of exports. Serious deficiencies in the public sector, telecommunications and infrastructures are an obstacle to growth. This page provides - Malawi GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Malawi recorded a Current Account deficit of 1202.60 USD Million in 2019. Current Account in Malawi averaged -591.74 USD Million from 1994 until 2019, reaching an all time high of -4.38 USD Million in 1998 and a record low of -1418.57 USD Million in 2018. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Malawi Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Malawi increased to 1501049.40 MWK Million in 2019 from 1430022.80 MWK Million in 2018. GDP Constant Prices in Malawi averaged 1039590.41 MWK Million from 2002 until 2019, reaching an all time high of 1501049.40 MWK Million in 2019 and a record low of 636429.74 MWK Million in 2002. This page provides - Malawi Gdp Constant Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Malawi remained unchanged at 5.40 percent in 2019 from 5.40 percent in 2018. Unemployment Rate in Malawi averaged 7.02 percent from 1991 until 2019, reaching an all time high of 7.80 percent in 2003 and a record low of 5.40 percent in 2018. In Malawi, the unemployment rate is based on the strict ILO definition, which is much lower than the unemployment rate obtained using the broad definition (20.4 percent). This page provides - Malawi Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Malawi recorded a government budget deficit of 33.90 MWK Billion in December of 2019. Government Budget Value in Malawi averaged -12.35 MWK Billion from 2012 until 2019, reaching an all time high of 56.50 MWK Billion in June of 2014 and a record low of -54.50 MWK Billion in November of 2018. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Malawi Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news.