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    Netherlands Index 2005

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    Netherlands Economy - 2005
    https://allcountries.org/wfb2005/netherlands/netherlands_economy.html
    SOURCE: 2005 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 4% 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 2001-04, 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 - $481.1 billion (2004 est.)

      GDP - real growth rate:
      1.2% (2004 est.)

      GDP - per capita:
      purchasing power parity - $29,500 (2004 est.)

      GDP - composition by sector:
      agriculture: 2.4%
      industry: 24.5%
      services: 73.1% (2004 est.)

      Labor force:
      7.53 million (2004 est.)

      Labor force - by occupation:
      agriculture 4%, industry 23%, services 73% (1998 est.)

      Unemployment rate:
      6% (2004 est.)

      Population below poverty line:
      NA

      Household income or consumption by percentage share:
      lowest 10%: 2.8%
      highest 10%: 25.1% (1994)

      Distribution of family income - Gini index:
      32.6 (1994)

      Inflation rate (consumer prices):
      1.4% (2004 est.)

      Investment (gross fixed):
      19.9% of GDP (2004 est.)

      Budget:
      revenues: $256.9 billion
      expenditures: $274.4 billion, including capital expenditures of NA (2004 est.)

      Public debt:
      55.8% of GDP (2004 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:
      0.8% (2004 est.)

      Electricity - production:
      90.61 billion kWh (2002)

      Electricity - consumption:
      100.7 billion kWh (2002)

      Electricity - exports:
      4.5 billion kWh (2002)

      Electricity - imports:
      20.9 billion kWh (2002)

      Oil - production:
      46,200 bbl/day (2001 est.)

      Oil - consumption:
      895,300 bbl/day (2001 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:
      77.75 billion cu m (2001 est.)

      Natural gas - consumption:
      49.72 billion cu m (2001 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:
      1.693 trillion cu m (1 January 2002)

      Current account balance:
      $19.9 billion (2004 est.)

      Exports:
      $293.1 billion f.o.b. (2004 est.)

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

      Exports - partners:
      Germany 25%, Belgium 12.6%, UK 10.1%, France 9.8%, Italy 6%, US 4.2% (2004)

      Imports:
      $252.7 billion f.o.b. (2004 est.)

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

      Imports - partners:
      Germany 17.7%, Belgium 10.2%, US 7.8%, China 7.1%, UK 6.6%, France 4.9% (2004)

      Reserves of foreign exchange and gold:
      $21.44 billion (2003)

      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 - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000)

      Fiscal year:
      calendar year


      NOTE: The information regarding Netherlands on this page is re-published from the 2005 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Netherlands Economy 2005 information contained here. All suggestions for corrections of any errors about Netherlands Economy 2005 should be addressed to the CIA.







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    https://allcountries.org/wfb2005/netherlands/netherlands_economy.html

    Revised 16-Feb-06
    Copyright © 2005 Photius Coutsoukis (all rights reserved)


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