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Introduction - Netherlands:
Location - Netherlands:
People - Netherlands:
Government - Netherlands:
Economy - Netherlands:

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 purchasing power parity

$529.1 billion (2006 est.)

Gdp official exchange rate

$612.7 billion (2006 est.)

Gdp real growth rate

2.9% (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.)

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.)

Population below poverty line

10.5% (1999)

Household income or consumption by percentage share

lowest 10%: 2.5%
highest 10%: 22.9% (1999)

Distribution of family income gini index

30.9 (2005)

Inflation rate consumer prices

1.4% (2006 est.)

Investment gross fixed

19.3% of GDP (2006 est.)


revenues: $304.3 billion
expenditures: $306.5 billion; including capital expenditures of $NA (2006 est.)

Public debt

50.8% of GDP (2006 est.)

Agriculture products

grains, potatoes, sugar beets, fruits, vegetables; livestock


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 consumption

51.3 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.)

Natural gas proved reserves

1.756 trillion cu m (1 January 2005 est.)

Current account balance

$50.17 billion (2006 est.)


$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)


$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)

Reserves of foreign exchange and gold

$10.24 billion (August 2006 est.)

Economic aid donor

ODA, $4 billion (2003 est.)

Debt external

$1.899 trillion (30 June 2006)

Currency code

euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries

Exchange rates

euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)

Communications - Netherlands:
Transportation - Netherlands:
Military - Netherlands:
This page was last updated on 16 September, 2007
Source: CIA >>>

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