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Netherlands Economy 2014
http://www.theodora.com/wfbcurrent/netherlands/netherlands_economy.html
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 31, 2014

Economy - overview:
The Dutch economy is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade 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. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. 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 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit in 2011. In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget deficit deteriorated. Although jobless claims continued to grow, the unemployment rate remained relatively low at 6.8 percent.

GDP (purchasing power parity):
$695.8 billion (2012 est.)
country comparison to the world: 24

$704.5 billion (2011 est.)
$697.9 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$760.4 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-1.2% (2012 est.)
country comparison to the world: 199

0.9% (2011 est.)
1.5% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$41,500 (2012 est.)
country comparison to the world: 23

$42,200 (2011 est.)
$42,000 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
27.5% of GDP (2012 est.)
country comparison to the world: 34

28.3% of GDP (2011 est.)
25.6% of GDP (2010 est.)

GDP - composition, by end use:
household consumption: 45.6%
government consumption: 28.4%
investment in fixed capital: 17%
investment in inventories: 0.5%
exports of goods and services: 88%
imports of goods and services: -79.6%

(2012 est.)
[see also: country ranks ]

GDP - composition, by sector of origin:
agriculture: 2.5%
industry: 24.9%
services: 72.6% (2012 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:
-2.5% (2012 est.)
country comparison to the world: 161
[see also: Industrial production growth rate country ranks ]

Labor force:
7.895 million (2012 est.)
country comparison to the world: 62
[see also: Labor force country ranks ]

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

Unemployment rate:
5.3% (2012 est.)
country comparison to the world: 50

4.4% (2011 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)

Distribution of family income - Gini index:
30.9 (2007)
country comparison to the world: 111

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

Budget:
revenues: $358.4 billion
[see also: Budget revenues country ranks ]
expenditures: $389.4 billion (2012 est.)

Taxes and other revenues:
47.1% of GDP (2012 est.)
country comparison to the world: 18
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-4.1% of GDP (2012 est.)
country comparison to the world: 144
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
71.1% of GDP (2012 est.)
country comparison to the world: 36

65.4% of GDP (2011 est.)
note: data cover general government debt, and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment, debt instruments for the social funds are not sold at public auctions
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
2.8% (2012 est.)
country comparison to the world: 82

2.5% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
1.5% (31 December 2012)
country comparison to the world: 126

1.75% (31 December 2010)
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:
2.65% (31 December 2012 est.)
country comparison to the world: 175

3.19% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$389.9 billion (31 December 2012 est.)
country comparison to the world: 15

$369.1 billion (31 December 2011 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 17 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:
$1.119 trillion (31 December 2011 est.)
country comparison to the world: 18

$1.088 trillion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.7 trillion (31 December 2012 est.)
country comparison to the world: 13

$1.646 trillion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$594.7 billion (31 December 2011)
country comparison to the world: 19

$661.2 billion (31 December 2010)
$542.5 billion (31 December 2009)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$77.02 billion (2012 est.)
country comparison to the world: 5

$84.78 billion (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$540.3 billion (2012 est.)
country comparison to the world: 8

$549.1 billion (2011 est.)
[see also: Exports country ranks ]

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

Exports - partners:
Germany 26.5%, Belgium 13.7%, France 8.8%, UK 8%, Italy 4.5% (2012)

Imports:
$476.5 billion (2012 est.)
country comparison to the world: 11

$484 billion (2011 est.)
[see also: Imports country ranks ]

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

Imports - partners:
Germany 13.8%, China 12%, Belgium 8.4%, UK 6.7%, Russia 6.4%, US 6.1% (2012)

Reserves of foreign exchange and gold:
$54.82 billion (31 December 2012 est.)
country comparison to the world: 33

$51.27 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$2.487 trillion (31 December 2012)
country comparison to the world: 9

$2.482 trillion (31 December 2011)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$560.2 billion (31 December 2012 est.)
country comparison to the world: 15

$628.9 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$953.8 billion (31 December 2012 est.)
country comparison to the world: 10

$1.052 trillion (31 December 2011 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
euros (EUR) per US dollar -

0.7752 (2012 est.)
0.7194 (2011 est.)
0.755 (2010 est.)
0.7198 (2009 est.)
0.6827 (2008 est.)


NOTE: The information regarding Netherlands on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Netherlands Economy 2014 information contained here. All suggestions for corrections of any errors about Netherlands Economy 2014 should be addressed to the CIA.



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