Belgium - A

 

Debt/GDP = 0,99 (99%)
Accumulated deficit for last 5 years/budget income for last 5 years = 0,062
Years since last default = 67 (Occupied during WW2 is de facto a default of Belgium till 1945)
5-year inflation = 0,12 (12%)
Budget expences/GDP = 0,51
Trade deficit/GDP = 0 (balanced)
World GDP per capita/Country GDP per capita = 0,18
Political factor = 0
Crisis factor = 0,4 (involved in current war - Afghanistan)
Other unique factors = 1,2 (Too much bureaucracy)

OVERALL CREDIT SCORE: 0,804 (80,4%). This responds to A.

Calculated with this (new) formula:

r = 10/{[1+(debt/GDP)] + [1+10*(accumulated deficit for last 5 years/budget income for last 5 years)] + [1 + (10/years since last default)] + [1+3*(accumulated of last 5 years inflation)] + [1+(budget expences/GDP)] + [1+ 10* (trade deficit/GDP)] + [world's GDP per capita/country's GDP per capita] + [1+political factor] + [1+crisis factor] + [Other unique factors]}

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