| People | Netherlands |
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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 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):
|
$638.9 billion (2007 est.) |
GDP (official exchange rate):
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$754.9 billion (2007 est.) |
GDP - real growth rate:
|
3.5% (2007 est.) |
GDP - per capita (PPP):
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$38,600 (2007 est.) |
GDP - composition by sector:
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agriculture: 2.2%
industry: 24%
services: 73.8% (2007 est.) |
Investment (gross fixed):
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19.9% of GDP (2007 est.) |
Population below poverty line:
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10.5% (2005) |
Household income or consumption by percentage share:
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lowest 10%: 2.5%
highest 10%: 22.9% (1999) |
Distribution of family income - Gini index:
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30.9 (2005) |
Inflation rate (consumer prices):
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1.6% (2007 est.) |
Labor force:
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7.5 million (2007 est.) |
Labor force participation rate:
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45.06 % of population |
Labor force - by occupation:
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agriculture: 3%
industry: 21%
services: 76% (2005 est.) |
Unemployment rate:
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4.1% (2007 est.) |
Budget:
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revenues: $302.8 billion
expenditures: $352.3 billion (2007 est.) |
Budget revenues per capita:
|
18,192 USD per capita |
Public debt:
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47.7% of GDP (2007 est.) |
Industries:
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agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing |
Industrial production growth rate:
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2% (2007 est.) |
Electricity - production:
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94.34 billion kWh (2005) |
Electricity - production per capita:
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5,668 kWh per capita |
Electricity - consumption:
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108.2 billion kWh (2005) |
Electricity - consumption - per capita:
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6,501 kWh per capita |
Electricity - exports:
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5.398 billion kWh (2005) |
Electricity - imports:
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23.69 billion kWh (2005) |
Oil - production:
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76,000 bbl/day (2006) |
Oil - production per capita:
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4,566 bbl/day per capita |
Oil - consumption:
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1.011 million bbl/day (2006) |
Oil - consumption - per capita:
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22.17 bbl/year per capita |
Oil - exports:
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1.546 million bbl/day (2004) |
Oil - imports:
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2.465 million bbl/day (2004) |
Oil - proved reserves:
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106 million bbl (1 January 2006 est.) |
Natural gas - production:
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77.3 billion cu m (2006) |
Natural gas - production per capita:
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4,644 cu m per capita |
Natural gas - consumption:
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47.8 billion cu m (2006) |
Natural gas - consumption - per capita:
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2,872 cu m per capita |
Natural gas - exports:
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50.21 billion cu m (2005 est.) |
Natural gas - imports:
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22.08 billion cu m (2005) |
Natural gas - proved reserves:
|
1.684 trillion cu m (1 January 2006 est.) |
Agriculture - products:
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grains, potatoes, sugar beets, fruits, vegetables; livestock |
Current account balance:
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$59.28 billion (2007 est.) |
Current account balance - per capita:
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3,562 USD per capita |
Exports:
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$465.3 billion f.o.b. (2007 est.) |
Exports per capita:
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27,954 USD per capita |
Exports - commodities:
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machinery and equipment, chemicals, fuels; foodstuffs |
Exports - partners:
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Germany 25.5%, Belgium 14%, UK 8.9%, France 8.6%, Italy 5.1%, US 4.5% (2006) |
Imports:
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$402.4 billion f.o.b. (2007 est.) |
Imports per capita:
|
24,175 USD per capita |
Imports - commodities:
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machinery and transport equipment, chemicals, fuels, foodstuffs, clothing |
Imports - partners:
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Germany 17.1%, Belgium 9.4%, China 9.4%, US 7.8%, UK 5.9%, Russia 5.1%, France 4.5% (2006) |
Reserves of foreign exchange and gold:
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$23.9 billion (2006 est.) |
Reserves of foreign exchange and gold - per capita:
|
1,436 USD per capita |
Debt - external:
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$2.277 trillion (30 June 2007) |
Debt - external - per capita:
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136,796 USD per capita |
Stock of direct foreign investment - at home:
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$450.9 billion (2006 est.) |
Stock of direct foreign investment - abroad:
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$652.3 billion (2006 est.) |
Market value of publicly traded shares:
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$924.4 billion (November 2007) |
Economic aid - donor:
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ODA, $5.452 billion (2006) |
Economic aid - recipient:
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void |
Economic aid - recipient per capita:
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void |
Currency (code):
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euro (EUR) |
Exchange rates:
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euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003) |
Fiscal year:
|
calendar year |
|
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