Overview: This highly developed and affluent economy is based on private enterprise. The government makes its presence felt, however, through many regulations, permit requirements, and welfare programs affecting most aspects of economic activity. The trade and financial services sector contributes over 50% of GDP. Industrial activity, including construction, provides about 25% of GDP, and is led by the food-processing, oil-refining, and metal-working industries. The highly mechanized agricultural sector employs only 6% of the labor force, but provides large surpluses for export and the domestic food-processing industry. An unemployment rate of over 8.6% and a sizable budget deficit are currently the most serious economic problems.

GDP: $205.9 billion, per capita $13,900; real growth rate 4.2% (1989 est.)

Inflation rate (consumer prices): 1.5% (1989 est.)

Unemployment rate: 8.6% (1989 est.)

Budget: revenues $71 billion; expenditures $82 billion, including capital expenditures of $NA billion (1989)

Exports: $110.3 billion (f.o.b., 1989); commodities--agricultural products, processed foods and tobacco, natural gas, chemicals, metal products, textiles, clothing; partners--EC 74.9% (FRG 28.3%, Belgium-Luxembourg 14.2%, France 10.7%, UK 10.2%), US 4.7% (1988)

Imports: $100.9 billion (c.i.f., 1989); commodities--raw materials and semifinished products, consumer goods, transportation equipment, crude oil, food products; partners--EC 63.8% (FRG 26.5%, Belgium-Luxembourg 23.1%, UK 8.1%), US 7.9% (1988)

External debt: none

Industrial production: growth rate 4.8% (1989 est.)

Electricity: 22,216,000 kW capacity; 63,570 million kWh produced, 4,300 kWh per capita (1989)

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

Agriculture: accounts for 4% of GDP; animal production predominates; crops--grains, potatoes, sugar beets, fruits, vegetables; shortages of grain, fats, and oils

Aid: donor--ODA and OOF commitments (1970-87), $15.8 billion

Currency: Netherlands guilder, gulden, or florin (plural--guilders, gulden, or florins); 1 Netherlands guilder, gulden, or florin (f.) = 100 cents

Exchange rates: Netherlands guilders, gulden, or florins (f.) per US$1--2.2906 (January 1990), 2.1207 (1989), 1.9766 (1988), 2.0257 (1987), 2.4500 (1986), 3.3214 (1985)

Fiscal year: calendar year

NOTE: The information regarding Netherlands on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Netherlands Economy 1990 information contained here. All suggestions for corrections of any errors about Netherlands Economy 1990 should be addressed to the CIA.