| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Netherlands Economy 2010
http://www.workmall.com/wfb2010/netherlands/netherlands_economy.html
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

. Feedback

GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese
Page last updated on January 15, 2010

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 - has been hard-hit by global economic crisis. Dutch GDP contracted 4.3% in 2009. Exports declined nearly 25% in 2009 due to a sharp contraction in world demand. The Dutch financial sector, the 7th largest banking sector in the world, was also hit hard by the global financial crisis, due in part to high exposure by 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, have resulted in a government budget deficit of nearly 5% of GDP in 2009 that contrasts sharply with a surplus of 1.1% of GDP in 2008. With unemployment rising, the government of Prime Minister Jan Peter BALKENENDE is likely to come under increased pressure to keep the budget deficit in check while promoting economic recovery.

GDP (purchasing power parity):
$652.3 billion (2009 est.)

$681.6 billion (2008 est.)
$668.3 billion (2007 est.)
note: data are in 2009 US dollars

GDP (official exchange rate):
$789.7 billion (2009 est.)

GDP - real growth rate:
-4.3% (2009 est.)

2% (2008 est.)
3.6% (2007 est.)

GDP - per capita (PPP):
$39,000 (2009 est.)

$40,900 (2008 est.)
$40,300 (2007 est.)
note: data are in 2009 US dollars

GDP - composition by sector:
agriculture: 1.9%
industry: 24.4%
services: 73.7% (2009 est.)

Labor force:
7.71 million (2009 est.)

Labor force - by occupation:
agriculture: 2%
industry: 18%
services: 80% (2005 est.)

Unemployment rate:
5% (2009 est.)

3.95% (2008 est.)

Population below poverty line:
10.5% (2005)

Household income or consumption by percentage share:
lowest 10%: 2.5%
highest 10%: 22.9% (1999)

Distribution of family income - Gini index:
30.9 (2007)

32.6 (1994)

Investment (gross fixed):
19.4% of GDP (2009 est.)

Budget:
revenues: $335.4 billion
expenditures: $372.5 billion (2009 est.)

Public debt:
62.3% of GDP (2009 est.)

58.2% of GDP (2008 est.)

Inflation rate (consumer prices):
0.7% (2009 est.)

2.5% (2008 est.)

Central bank discount rate:
3% (31 December 2008)

5% (31 December 2007)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area

Commercial bank prime lending rate:
10.37% (31 December 2008)

8.72% (31 December 2007)

Stock of money:
$NA


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 and quasi money circulating within their own borders

Stock of quasi money:
$NA

Stock of domestic credit:
$1.824 trillion (31 December 2008)

$1.684 trillion (31 December 2007)

Market value of publicly traded shares:
$456.2 billion (31 December 2008)

$956.5 billion (31 December 2007)
$779.6 billion (31 December 2006)

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:
-8% (2009 est.)

Electricity - production:
97.19 billion kWh (2007 est.)

Electricity - consumption:
110.2 billion kWh (2007 est.)

Electricity - exports:
9.28 billion kWh (2008 est.)

Electricity - imports:
25.01 billion kWh (2008 est.)

Oil - production:
72,090 bbl/day (2008 est.)

Oil - consumption:
962,900 bbl/day (2008 est.)

Oil - exports:
1.647 million bbl/day (2008 est.)

Oil - imports:
2.678 million bbl/day (2008 est.)

Oil - proved reserves:
100 million bbl (1 January 2009 est.)

Natural gas - production:
84.69 billion cu m (2008 est.)

Natural gas - consumption:
48.34 billion cu m (2008 est.)

Natural gas - exports:
61.72 billion cu m (2008 est.)

Natural gas - imports:
25.34 billion cu m (2008 est.)

Natural gas - proved reserves:
1.416 trillion cu m (1 January 2009 est.)

Current account balance:
$33.72 billion (2009 est.)

$41.93 billion (2008 est.)

Exports:
$397.6 billion (2009 est.)

$531.7 billion (2008 est.)

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

Exports - partners:
Germany 25.5%, Belgium 13.8%, France 8.9%, UK 8.8%, Italy 5.2% (2008)

Imports:
$358.9 billion (2009 est.)

$474.8 billion (2008 est.)

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

Imports - partners:
Germany 16.6%, China 10.1%, Belgium 8.7%, US 7.5%, UK 5.8%, Russia 5.4%, France 4.4% (2008)

Reserves of foreign exchange and gold:
$NA (31 December 2009 est.)

$28.51 billion (31 December 2008 est.)

Debt - external:
$2.452 trillion (30 June 2009 est.)

$2.461 trillion (31 December 2008 est.)

Stock of direct foreign investment - at home:
$661 billion (31 December 2009 est.)

$644.6 billion (31 December 2008 est.)

Stock of direct foreign investment - abroad:
$866.1 billion (31 December 2009 est.)

$843.7 billion (31 December 2008 est.)

Exchange rates:
euros (EUR) per US dollar - 0.7338 (2009), 0.6827 (2008), 0.7345 (2007), 0.7964 (2006), 0.8041 (2005)


NOTE: The information regarding Netherlands on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Netherlands Economy 2010 information contained here. All suggestions for corrections of any errors about Netherlands Economy 2010 should be addressed to the CIA.



- Please bookmark this page (add it to your favorites).
- If you wish to link to this page, you can do so by referring to the URL address below this line.

http://www.workmall.com/wfb2010/netherlands/netherlands_economy.html

This page was last modified 08-Feb-10
Copyright © 1995-2010 ITA all rights reserved.