What do we see?
Between 2011 and 2019, the turnover of the circular economy grew at the same rate as the turnover of the entire Flemish economy. In 2019, the total turnover of the Flemish circular economy stood at almost 18 billion euros. This equates to 3.7% of the total turnover in Flanders.
The maintenance of motorised vehicles is the most important sector and represents around 61% of the total turnover. However, it is the repair and renovation sectors that show the biggest growth in turnover.
What’s the aim?
To accelerate the transition to a circular economy, the turnover of the circular economy needs to be higher than that of the entire Flemish economy. The turnover of circular companies must therefore increase at a quicker pace than the total turnover of Flanders.
We also need to take into account the limitations of the current ways of measuring this. They are based only on the NACE codes and are not detailed enough. Therefore, the turnover figures for the circular economy most likely underestimate the actual situation.
What does this indicator measure?
This indicator measures the evolution of the turnover of circular companies in Flanders. These figures are based on the NACE codes of companies.
Bel-first
Steunpunt CE
