Economy of Netherlands

Economy - overview
The Dutch economy is the fifth-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 of 3.8% of GDP.
GDP (purchasing power parity)
$713.1 billion (2011 est.)
$692.8 billion (2009 est.)
data are in 2011 US dollars
Get Chart Code
Get Chart Code
GDP (official exchange rate)
$840.4 billion (2011 est.)
GDP - real growth rate
1.3% (2011 est.)
-3.5% (2009 est.)
Get Chart Code
Get Chart Code
Get Chart Code
Get Chart Code
GDP - per capita (PPP)
$42,700 (2011 est.)
$41,900 (2009 est.)
data are in 2011 US dollars
Get Chart Code
Get Chart Code
GDP - composition by sector
agriculture:
2.7%
industry:
24.2%
services:
73.1% (2011 est.)
Get Chart Code
Get Chart Code
Get Chart Code
Get Chart Code
Labor force
7.809 million (2011 est.)
rank:
61
Labor force - by occupation
agriculture:
2%
industry:
18%
services:
80% (2005 est.)
Get Chart Code
Get Chart Code
Get Chart Code
Get Chart Code
Unemployment rate
4.4% (2011 est.)
4.5% (2010 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)
18.6% of GDP (2011 est.)
rank:
112
Budget
revenues:
$381.3 billion
expenditures:
$420.4 billion (2011 est.)
Taxes and other revenues
45.4% of GDP (2011 est.)
rank:
30
Budget surplus (+) or deficit (-)
-4.7% of GDP (2011 est.)
rank:
153
Get Chart Code
Get Chart Code
Public debt
65.2% of GDP (2011 est.)
62.9% of GDP (2010 est.)
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.
Inflation rate (consumer prices)
2.3% (2011 est.)
1.3% (2010 est.)
Get Chart Code
Get Chart Code
Central bank discount rate
1.75% (31 December 2011)
1.75% (31 December 2010)
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
2% (31 December 2011 est.)
3.013% (31 December 2010 est.)
Stock of narrow money
$367.2 billion (31 December 2011 est.)
$375.5 billion (31 December 2010 est.)
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
Stock of broad money
$1.119 trillion (31 December 2011 est.)
$1.088 trillion (31 December 2010 est.)
Stock of domestic credit
$2.083 trillion (31 December 2009 est.)
$1.824 trillion (31 December 2008)
Market value of publicly traded shares
$594.7 billion (31 December 2011)
$542.5 billion (31 December 2009)
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
-0.6% (2011 est.)
rank:
149
Electricity - production
105.7 billion kWh (2009 est.)
rank:
32
Get Chart Code
Get Chart Code
Get Chart Code
Get Chart Code
Electricity - consumption
112.5 billion kWh (2008 est.)
rank:
28
Get Chart Code
Get Chart Code
Electricity - exports
10.56 billion kWh (2009 est.)
Electricity - imports
4.888 billion kWh (2009 est.)
Oil - production
59,490 bbl/day (2010 est.)
rank:
59
Oil - consumption
1.009 million bbl/day (2010 est.)
rank:
20
Get Chart Code
Get Chart Code
Oil - exports
1.871 million bbl/day (2009 est.)
rank:
12
Oil - imports
2.577 million bbl/day (2009 est.)
rank:
7
Oil - proved reserves
310 million bbl (1 January 2011 est.)
rank:
56
Natural gas - production
85.17 billion cu m (2010 est.)
rank:
9
Natural gas - consumption
53.19 billion cu m (2010 est.)
rank:
15
Natural gas - exports
57.75 billion cu m (2010 est.)
rank:
6
Natural gas - imports
25.77 billion cu m (2010 est.)
rank:
14
Natural gas - proved reserves
1.387 trillion cu m (1 January 2011 est.)
rank:
23
Current account balance
$76.71 billion (2011 est.)
$55.09 billion (2010 est.)
Get Chart Code
Get Chart Code
Get Chart Code
Get Chart Code
Exports
$551.8 billion (2011 est.)
$480.7 billion (2010 est.)
Exports - commodities
machinery and equipment, chemicals, fuels; foodstuffs
Exports - partners
Germany 26.2%, Belgium 14.1%, France 9.3%, UK 7.7%, Italy 4.8% (2011)
Imports
$493.1 billion (2011 est.)
$429.1 billion (2010 est.)
Imports - commodities
machinery and transport equipment, chemicals, fuels, foodstuffs, clothing
Imports - partners
Germany 14.6%, China 11.9%, Belgium 8.7%, UK 6.1%, Russia 6%, US 5.9%, France 4.1% (2011)
Reserves of foreign exchange and gold
$51.27 billion (31 December 2011 est.)
$46.24 billion
Get Chart Code
Get Chart Code
Debt - external
$2.655 trillion (30 June 2011)
$3.733 trillion (31 December 2009)
Stock of direct foreign investment - at home
$611.1 billion (31 December 2011 est.)
$594.9 billion (31 December 2010 est.)
Stock of direct foreign investment - abroad
$977 billion (31 December 2011 est.)
$954.4 billion (31 December 2010 est.)
Exchange rates
0.7345 (2007 est.)
Fiscal year
calendar year
Data source 1: All Above textual data, maps and flags were extracted from The World Factbook which was prepared by the Central Intelligence Agency and made available on the following link: The World Factbook. Lebanese Economy Forum is not sponsered or affiliated, in any way, by the US Central Intelligence Agency
Data source 2: Plots and Charts are constructed using the world bank public data catalog which can be viewed by visiting the following link: World Bank Data Catalog. Lebanese Economy Forum is not sponsored or affiliated, in any way, by the worldbank

Comments are closed.