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World > Europe > Netherlands > Economy (Facts)

Netherlands - Economy (Facts)
Economy - overview: 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 2% 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. Economic growth slowed considerably in 2001-06, as part of the global economic slowdown, but for the four years before that, annual growth averaged nearly 4%, well above the EU average.
GDP - real growth rate: 2.9% (2006 est.)
GDP (purchasing power parity): $529.1 billion (2006 est.)
GDP (official exchange rate): $612.7 billion (2006 est.)
GDP - per capita (PPP): $32,100 (2006 est.)
GDP - composition by sector: agriculture: 2.1%
industry: 23.9%
services: 73.9% (2006 est.)
Population below poverty line: 10.5% (1999)
Household income or consumption by percentage share: lowest 10%: 2.5%
highest 10%: 22.9% (1999)
Inflation rate (consumer prices): 1.4% (2006 est.)
Labor force: 7.6 million (2006 est.)
Labor force - by occupation: agriculture: 2%
industry: 19%
services: 79% (2004 est.)
Unemployment rate: 5.5% (2006 est.)
Budget: revenues: $304.3 billion
expenditures: $306.5 billion; including capital expenditures of NA (2006 est.)
Industries: agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing
Industrial production growth rate: 2.3% (2006 est.)
Electricity - production: 92.7 billion kWh (2004)
Electricity - consumption: 102.4 billion kWh (2004)
Electricity - exports: 5.2 billion kWh (2004)
Electricity - imports: 21.4 billion kWh (2004)
Oil - production: 95,800 bbl/day (2004)
Oil - consumption: 946,700 bbl/day (2004 est.)
Oil - exports: 1.546 million bbl/day (2004)
Oil - imports: 2.465 million bbl/day (2004)
Oil - proved reserves: 106 million bbl (1 January 2005)
Natural gas - production: 85.98 billion cu m (2004 est.)
Natural gas - exports: 53.56 billion cu m (2004 est.)
Natural gas - imports: 18.85 billion cu m (2004 est.)
Agriculture - products: grains, potatoes, sugar beets, fruits, vegetables; livestock
Exports: $413.8 billion f.o.b. (2006 est.)
Exports - commodities: machinery and equipment, chemicals, fuels; foodstuffs
Exports - partners: Germany 25.5%, Belgium 14%, UK 8.9%, France 8.6%, Italy 5.1%, US 4.4% (2006)
Imports: $373.8 billion f.o.b. (2006 est.)
Imports - commodities: machinery and transport equipment, chemicals, fuels, foodstuffs, clothing
Imports - partners: Germany 17.1%, Belgium 9.5%, China 9.4%, US 7.8%, UK 5.9%, Russia 5.1%, France 4.6% (2006)
Debt - external: $1.899 trillion (30 June 2006)
Currency: Euro (EUR)

Current Euro Exchange Rates
Historical Euro Exchange Rates
Chart Euro Exchange Rates
Currency code: EUR
Exchange rates: euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions - Euro Exchange Rates
Notes and Commentary: Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions
Euro Exchange Rates


Notes and Commentary
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





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