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Netherlands Economy 2011
https://theodora.com/wfb2011/netherlands/netherlands_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















Netherlands Economy 2011
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2011

Economy - overview:
The Netherlands 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 only 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 has been one of the leading European nations for attracting foreign direct investment and is one of the four largest investors in the US. After 26 years of uninterrupted economic growth, the Netherlands' economy - which is highly open and dependent on foreign trade and financial services - was hard-hit by global economic crisis. Dutch GDP contracted 3.9% in 2009, while exports declined nearly 25% due to a sharp contraction in world demand. The Dutch financial sector has also suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In response to turmoil in financial markets, the government nationalized two banks and injected billions of dollars into a third, to prevent further systemic risk. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of nearly 4.6% of GDP in 2009 and 5.6% in 2010 that contrasts sharply with a surplus of 0.7% of GDP in 2008. With unemployment weighing on private-sector consumption, the government of Prime Minister Mark RUTTE is likely to come under increased pressure to keep the budget deficit in check while promoting economic recovery.

GDP (purchasing power parity):
$680.4 billion (2010 est.)
country comparison to the world: 22

$669 billion (2009 est.)
$696.1 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$770.3 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
1.7% (2010 est.)
country comparison to the world: 161

-3.9% (2009 est.)
1.9% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$40,500 (2010 est.)
country comparison to the world: 19

$40,000 (2009 est.)
$41,800 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 2.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 24.9%
[see also: GDP - composition by sector - industry country ranks ]
services: 72.4% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
7.86 million (2009 est.)
country comparison to the world: 58
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 18%
[see also: Labor force - by occupation - industry country ranks ]
services: 80% (2005 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
5.5% (2010 est.)
country comparison to the world: 54

4.8% (2009 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
10.5% (2005)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.5%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 22.9% (1999)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
30.9 (2007)
country comparison to the world: 107

32.6 (1994)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
18% of GDP (2009 est.)
country comparison to the world: 111
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $356 billion
[see also: Budget - revenues country ranks ]
expenditures: $399.3 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
64.6% of GDP (2010 est.)
country comparison to the world: 26

60.9% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
1.1% (2010 est.)
country comparison to the world: 24

1.2% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
1.75% (31 December 2009)
country comparison to the world: 126

3% (31 December 2008)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
10.01% (31 December 2009 est.)
country comparison to the world: 96

9.66% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$368.1 billion (31 December 2010 est)

$351.6 billion (31 December 2009 est)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 16 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.124 trillion (31 December 2010 est.)

$1.133 trillion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$2.083 trillion (31 December 2009 est.)
country comparison to the world: 12

$1.824 trillion (31 December 2008)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$542.5 billion (31 December 2009)
country comparison to the world: 20

$387.9 billion (31 December 2008)
$956.5 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
grains, potatoes, sugar beets, fruits, vegetables; livestock

Industries:
agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing

Industrial production growth rate:
3.2% (2009 est.)
country comparison to the world: 99
[see also: Industrial production growth rate country ranks ]

Electricity - production:
108.2 billion kWh (2008 est.)
country comparison to the world: 31
[see also: Electricity - production country ranks ]

Electricity - consumption:
124.1 billion kWh (2008 est.)
country comparison to the world: 27
[see also: Electricity - consumption country ranks ]

Electricity - exports:
10.56 billion kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
15.45 billion kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
57,190 bbl/day (2009 est.)
country comparison to the world: 61
[see also: Oil - production country ranks ]

Oil - consumption:
922,800 bbl/day (2009 est.)
country comparison to the world: 20
[see also: Oil - consumption country ranks ]

Oil - exports:
1.66 million bbl/day (2008 est.)
country comparison to the world: 14
[see also: Oil - exports country ranks ]

Oil - imports:
2.426 million bbl/day (2008 est.)
country comparison to the world: 8
[see also: Oil - imports country ranks ]

Oil - proved reserves:
100 million bbl (1 January 2010 est.)
country comparison to the world: 69
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
79.58 billion cu m (2009 est.)
country comparison to the world: 9
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
48.6 billion cu m (2009 est.)
country comparison to the world: 17
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
55.59 billion cu m (2009 est.)
country comparison to the world: 6
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
24.6 billion cu m (2009 est.)
country comparison to the world: 12
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
1.416 trillion cu m (1 January 2010 est.)
country comparison to the world: 24
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$46.69 billion (2010 est.)
country comparison to the world: 8

$39.58 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$451.3 billion (2010 est.)
country comparison to the world: 9

$421.3 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
machinery and equipment, chemicals, fuels; foodstuffs

Exports - partners:
Germany 25.54%, Belgium 12.49%, France 9.27%, UK 8.17%, Italy 5.07%, US 3.97% (2009)

Imports:
$408.4 billion (2010 est.)
country comparison to the world: 11

$371.9 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and transport equipment, chemicals, fuels, foodstuffs, clothing

Imports - partners:
Germany 17.16%, China 11.58%, Belgium 8.68%, US 7.77%, UK 5.72%, Russia 4.47%, France 4.4% (2009)

Reserves of foreign exchange and gold:
$NA (31 December 2010 est.)

$39.61 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$NA (30 June 2010)

$3.733 trillion (31 December 2009)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$687.8 billion (31 December 2010 est.)
country comparison to the world: 7

$654.6 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$950.8 billion (31 December 2010 est.)
country comparison to the world: 5

$932.2 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
euros (EUR) per US dollar - 0.774 (2010), 0.7179 (2009), 0.6827 (2008), 0.7345 (2007), 0.7964 (2006)


NOTE: The information regarding Netherlands on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Netherlands Economy 2011 information contained here. All suggestions for corrections of any errors about Netherlands Economy 2011 should be addressed to the CIA.






This page was last modified 09-Feb-11
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