2022 was not very favorable for countries such as Belgium or Spain, because these countries had already rebounded strongly in 2021 after the worst of the COVID-19 crisis. The growth in FDI projects in several Southern and Eastern European countries is at least in part due to the reconfiguration of global supply chains and an inclination towards cost-competitive European locations for manufacturing and back-office operations.
As a result, Belgium is losing ground in the ranking of European countries that attract the most foreign investment. It drops three places from sixth to ninth. The European ranking remains dominated by France, with a 3% growth in the number of projects in 2022. The leading podium is completed by the UK and Germany, with these three countries alone accounting for 50% of total FDI on the European continent.
2. Fewer projects in Belgium, but more jobs
In terms of employment, the figures are more encouraging. If we look at the FDI situation in Belgium in 2022, we see that the number of projects is falling, but on the other hand, job creation is rising, which is exactly the opposite of what is happening at the European level. The various FDIs carried out in Belgium in 2022 generated the creation of 8,071 jobs in 2022, up by 16% compared to 2021.