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Industry revenue of »sale of cars and light motor vehicles« in Belgium 2011-2023

Belgium’s automotive industry has had a checkered history with good times and bad. The period prior to the first world war not only saw the production of many indigenous brands such as Minerva, Imperia, FN, Excelsior and Pipe but also investments by large international corporations such as Ford, General Motors and Chevrolet. These were however shut down at the turn of the 20th century due to global overcapacity. Today, Belgium doesn’t figure among the top European manufacturing nations and is reliant mostly on automobile imports. Despite this, revenues of the overall vehicle industry and that of cars and light motor vehicles have grown steadily over the last few years, as have the total number of passenger cars on the road.

Industry plays a major role in the economy

Despite its ups and downs, the automobile industry in Belgium plays an important role in its economy with total related investments cumulatively valuing over 2 billion U.S dollars during the four year period leading up to 2018. The industry also has over 265,000 employees in sectors that are related to vehicle production and assembly, which is quite a big increase from only 20,000 manufacturing employees in 2014.

Industry revenue of »sale of cars and light motor vehicles« in Belgium from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Belgium. The industry “sale of cars and light motor vehicles“ has the code “G4511“.

Details on the methodology can be found here.

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Statistics on "Economic Outlook Belgium"

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