information:highlighting, structural:scholar_edition
Economy

Serving as the centre of administration for Belgium and Europe, Brussels' economy is largely service -oriented. It is dominated by regional and world headquarters of multinationals, by European institutions, by various local and federal administrations, and by related services companies, though it does have a number of notable craft industries, such as the Cantillon Brewery, a lambic brewery founded in 1900.

Brussels has a robust economy. The region contributes to one fifth of Belgium's GDP, and its 550,000 jobs account for 17.7% of Belgium's employment. Its GDP per capita is nearly double that of Belgium as a whole, and it has the highest GDP per capita of any NUTS 1 region in the EU, at ~$80,000 in 2016. That being said, the GDP is boosted by a massive inflow of commuters from neighbouring regions; over half of those who work in Brussels live in Flanders or Wallonia, with 230,000 and 130,000 commuters per day respectively. Conversely, only 16.0% of people from Brussels work outside Brussels (68,827 (68.5%) of them in Flanders and 21,035 (31.5%) in Wallonia). Not all of the wealth generated in Brussels remains in Brussels itself, and as of December 2013, the unemployment among residents of Brussels is 20.4%.

There are approximately 50,000 businesses in Brussels, of which around 2,200 are foreign. This number is constantly increasing and can well explain the role of Brussels in Europe. The city's infrastructure is very favourable in terms of starting up a new business. House prices have also increased in recent years, especially with the increase of young professionals settling down in Brussels, making it the most expensive city to live in Belgium. In addition, Brussels holds more than 1,000 business conferences annually, making it the ninth most popular conference city in Europe.

Brussels is rated as the 34th most important financial centre in the world as of 2020, according to the Global Financial Centres Index. The Brussels Stock Exchange, abbreviated to BSE, now called Euronext Brussels, is part of the European stock exchange Euronext, along with Paris Bourse, Lisbon Stock Exchange and Amsterdam Stock Exchange. Its benchmark stock market index is the BEL20.