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Netherlands:
Economy

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Netherlands Page


Other pages in this profile of the Netherlands:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Economy - overview
Definition
The Netherlands has a prosperous and open economy, which depends heavily on foreign trade. The economy is noted for stable industrial relations, moderate unemployment and inflation, a sizable current account surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs no more than 3% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The country continues to be one of the leading European nations for attracting foreign direct investment and is one of the five largest investors in the US. The economy experienced a slowdown in 2005 but in 2006 recovered to the fastest pace in six years on the back of increased exports and strong investment. The pace of job growth reached 10-year highs in 2007.
GDP (purchasing power parity)
Definition - World rank and map
$639.5 billion (2007 est.)
GDP (official exchange rate)
Definition
$768.7 billion (2007 est.)
GDP - real growth rate
Definition - World rank and map
3.5% (2007 est.)
GDP - per capita
Definition - World rank and map
$38,500 (2007 est.)
GDP - composition by sector
Definition
agriculture: 2.1%
industry: 24.1%
services: 73.7% (2007 est.)
Labor force
Definition
7.5 million (2007 est.)
Labor force - by occupation
Definition
agriculture: 3%
industry: 21%
services: 76% (2005 est.)
Unemployment rate
Definition - World rank and map
3.2% (2007 est.)
Population below poverty line
Definition
10.5% (2005)
Household income or consumption by percentage share
Definition
lowest 10%: 2.5%
highest 10%: 22.9% (1999)
Distribution of family income - Gini index
Definition - World rank and map
30.9 (2005)
Inflation rate (consumer prices)
Definition - World rank and map
1.6% (2007 est.)
Investment (gross fixed)
Definition - World rank and map
20% of GDP (2007 est.)
Budget
Definition
revenues: $349.9 billion
expenditures: $350.4 billion (2007 est.)
Public debt
Definition - World rank and map
46.2% of GDP (2007 est.)
Agriculture - products
Definition
grains, potatoes, sugar beets, fruits, vegetables; livestock
Industries
Definition
agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing
Industrial production growth rate
Definition - World rank and map
3.1% (2007 est.)
Electricity - production
Definition - World rank and map
94.34 billion kWh (2005)
Electricity - consumption
Definition - World rank and map
108.2 billion kWh (2005)
Electricity - consumption per capita
Definition - World rank and map
6,500.4 kWh (2005)
Electricity - exports
Definition
5.398 billion kWh (2005)
Electricity - imports
Definition
23.69 billion kWh (2005)
Oil - production
Definition - World rank and map
76,000 bbl/day (2006)
Oil - consumption
Definition - World rank and map
1.011 million bbl/day (2006)
Oil - consumption per 1,000 people
Definition - World rank and map
60.7 bbl/day (2006)
Oil - exports
Definition - World rank and map
1.546 million bbl/day (2004)
Oil - imports
Definition - World rank and map
2.465 million bbl/day (2004)
Oil - proved reserves
Definition - World rank and map
106 million bbl (1 January 2006 est.)
Natural gas - production
Definition - World rank and map
77.3 billion cu m (2006)
Natural gas - consumption
Definition - World rank and map
47.8 billion cu m (2006)
Natural gas - consumption per capita
Definition - World rank and map
2,872 cu m (2006)
Natural gas - exports
Definition - World rank and map
50.21 billion cu m (2005 est.)
Natural gas - imports
Definition - World rank and map
22.08 billion cu m (2005)
Natural gas - proved reserves
Definition - World rank and map
1.684 trillion cu m (1 January 2006 est.)
Current account balance
Definition - World rank and map
$50.93 billion (2007 est.)
Exports
Definition - World rank and map
$457.2 billion f.o.b. (2007 est.)
Exports - commodities
Definition
machinery and equipment, chemicals, fuels; foodstuffs
Exports - partners
Definition
Germany 24.4%, Belgium 13.5%, UK 9.1%, France 8.5%, Italy 5%, US 4.4% (2006)
Imports
Definition - World rank and map
$404.7 billion f.o.b. (2007 est.)
Imports - commodities
Definition
machinery and transport equipment, chemicals, fuels, foodstuffs, clothing
Imports - partners
Definition
Germany 17.6%, China 10.5%, Belgium 9.3%, US 7.3%, UK 5.8%, Russia 5%, France 4.4% (2006)
Reserves of foreign exchange and gold
Definition - World rank and map
$23.9 billion (2006 est.)
Debt - external
Definition - World rank and map
$2.277 trillion (30 June 2007)
Stock of direct foreign investment - at home
Definition
$535.1 billion (2007 est.)
Stock of direct foreign investment - abroad
Definition
$811.4 billion (2007 est.)
Market value of publicly traded shares
Definition
$924.4 billion (November 2007)
Economic aid - donor
Definition
ODA, $5.452 billion (2006)
Currency (code)
Definition
euro (EUR)
Exchange rates
Definition
euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)
Fiscal year
Definition
calendar year


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