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    Netherlands Index 2006

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    Netherlands Economy - 2006
    http://www.theodora.com/wfbcurrent/netherlands/netherlands_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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 2001-05, 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):
      $501.6 billion (2005 est.)

      GDP (official exchange rate):
      $586.7 billion (2005 est.)

      GDP - real growth rate:
      0.7% (2005 est.)

      GDP - per capita (PPP):
      $30,600 (2005 est.)

      GDP - composition by sector:
      agriculture: 2.1%
      industry: 24.4%
      services: 73.5% (2005 est.)

      Labor force:
      7.53 million (2005 est.)

      Labor force - by occupation:
      agriculture: 2%
      industry: 19%
      services: 79% (2004 est.)

      Unemployment rate:
      6.5% (2005 est.)

      Population below poverty line:
      NA%

      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):
      1.7% (2005 est.)

      Investment (gross fixed):
      19.3% of GDP (2005 est.)

      Budget:
      revenues: $291.8 billion
      expenditures: $303.7 billion; including capital expenditures of $NA (2005 est.)

      Public debt:
      55% of GDP (2005 est.)

      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:
      2.2% (2005 est.)

      Electricity - production:
      95 billion kWh (2004)

      Electricity - consumption:
      101.6 billion kWh (2003)

      Electricity - exports:
      3.8 billion kWh (2003)

      Electricity - imports:
      20.8 billion kWh (2003)

      Oil - production:
      94,870 bbl/day (2003)

      Oil - consumption:
      920,000 bbl/day (2003 est.)

      Oil - exports:
      1.418 million bbl/day (2001)

      Oil - imports:
      2.284 million bbl/day (2001)

      Oil - proved reserves:
      88.06 million bbl (1 January 2002)

      Natural gas - production:
      73.13 billion cu m (2003 est.)

      Natural gas - consumption:
      50.4 billion cu m (2003 est.)

      Natural gas - exports:
      49.28 billion cu m (2001 est.)

      Natural gas - imports:
      20.78 billion cu m (2001 est.)

      Natural gas - proved reserves:
      1.756 trillion cu m (1 January 2002)

      Current account balance:
      $17.94 billion (2005 est.)

      Exports:
      $365.1 billion f.o.b. (2005 est.)

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

      Exports - partners:
      Germany 25.1%, Belgium 12.1%, UK 10.1%, France 9.9%, Italy 6.1%, US 4.2% (2004)

      Imports:
      $326.6 billion f.o.b. (2005 est.)

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

      Imports - partners:
      Germany 17.9%, Belgium 9.7%, US 7.9%, China 7.4%, UK 6.4%, France 5% (2004)

      Reserves of foreign exchange and gold:
      $21.05 billion (2004 est.)

      Debt - external:
      $1.645 trillion (30 June 2005)

      Economic aid - donor:
      ODA, $4 billion (2003 est.)

      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 - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Netherlands on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Netherlands Economy 2006 information contained here. All suggestions for corrections of any errors about Netherlands Economy 2006 should be addressed to the CIA.

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    http://www.theodora.com/wfbcurrent/netherlands/netherlands_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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