 Economic importance of the Belgian ports: Flemish maritime ports, Liège port complex and the port of Brussels – Report 2010Claude Mathys ()
No 225, Working Paper Document from National Bank of Belgium Abstract: This paper is an annual publication issued by the Microeconomic Analysis service of the National Bank of Belgium. The Flemish maritime ports (Antwerp, Ghent, Ostend, Zeebrugge), the Autonomous Port of Liège and the port of Brussels play a major role in their respective regional economies and in the Belgian economy, not only in terms of industrial activity but also as intermodal centers facilitating the commodity flow. This update paper1 provides an extensive overview of the economic importance and development of the Flemish maritime ports, the Liège port complex and the port of Brussels for the period 2005 - 2010, with an emphasis on 2010. Focusing on the three major variables of value added, employment and investment, the report also provides some information based on the social balance and an overview of the financial situation in these ports as a whole. These observations are linked to a more general context, along with a few cargo statistics. Annual accounts data from the Central Balance Sheet Office were used for the calculation of direct effects, the study of financial ratios and the analysis of the social balance sheet. The indirect effects of the activities concerned were estimated in terms of value added and employment, on the basis of data from the National Accounts Institute. (...) After the decline seen in 2009, maritime cargo traffic in the Flemish ports reversed the trend and recorded a rise in 2010. Direct value added increased in each of the four ports in Flanders. Both maritime and non-maritime branches as a whole are up. The only decrease in value added occurred in the maritime branches in the port of Ostend and the non-maritime branches of the port of Zeebrugge. Of the six ports, the port of Brussels recorded the strongest growth rate for value added in the maritime cluster, and the port of Ostend recorded the strongest increase in the non-maritime cluster. Direct employment in the Flemish ports as a whole declined during the year 2010. This is true of both the maritime and non-maritime cluster. Except for Zeebrugge, investment decreased in all the Flemish ports. The decline in investment was around 17 percent in the ports of Antwerp, Ghent and Ostend, whereas Zeebrugge recorded a growth rate of more than four-fifths in its investment levels in 2010. The volume of cargo handled in the port of Liège increased in 2010. Direct value added rose slightly, whereas employment registered a significant decline. There were job losses in both maritime and nonmaritime branches. In the non-maritime cluster, investment diminished substantially because of a lack of projects. The volume of cargo handled at the port of Brussels rose in 2010. Both value added and employment increased in maritime branches. Value added in non-maritime branches remained steady but employment contracted. The downturn in investment recorded during 2009 continued throughout 2010. This report provides a comprehensive account of these issues, giving details for each economic sector, although the comments are confined to the main changes that occurred in 2010. Keywords: branch survey; maritime cluster; subcontracting; indirect effects; transport; intermodality; public investments (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nbb:docwpp:201207-225 Access Statistics for this paper More papers in Working Paper Document from National Bank of Belgium Contact information at EDIRC. |
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