Netherlands Economy



Netherlands is a republic country and is situated in South-East Asia. The topographical structure of the country shows that it is composed of a large number of islands amounting to seventeen thousand five hundred and eight . Capital city of Netherlands is Jakarta.
Netherlands was declared independent on 17.08.1945 and its currency is known as Rupiah. The official as well as the most popular language of the country is referred to as Netherlandsn language. Islam is considered to be the most popular religion of the state.

The political structure that is being followed by Netherlands is the presidential system. Political hierarchy shows that President is considered to be the head of the state who is also in charge of the military arm of the country. The important aspects and departments supervised by the President are :-

Indonesia Economic Performance GDP Graph 1980-2013

Indonesia Economic Performance Inflation Graph 1980-2013

Introduction
Netherlands, a member of European Union, is the sixteenth largest economy in the world. Over the last couple of years, Netherlands observed a substantial annual GDP (Gross Domestic Product) growth rate.
The Netherlands economy is largely dependent on foreign trade. The economy of Netherlands is mostly dependent on industrial activities like petroleum refineries, electrical machineries, chemicals, and food processing. Netherlands is the heart of European transportation system.

For the last couple of years Netherlands is maintaining a stable industrial relationship with other foreign countries. Netherlands observed a controlled inflation rate and created a stable employment opportunity.

The agricultural sector of Netherlands is a highly mechanized one, where only 2% of labor force are engaged.
Currency
Netherlands, being a member country of EU (European Union), started circulating the Euro currency from January1, 2002.

GDP: The average annual GDP growth rate in 2000 was 4% and during the second quarter of 2006 it was 2.8%, which was likely to grow by 3% before 2007, as recommended by the Dutch Statistics Agency CBS.
Role of the Government
According to market surveys, total social security transfer payments of Netherlands in the year 2005, was 47.9% of GDP.

Netherlands Economic Performance 1980-2013
Year GDP % Change Inflation % Change Year GDP % Change Inflation % Change
1980 1.34 6.54 1997 4.02 2.18
1981 -0.78 6.74 1998 4.39 1.99
1982 -1.24 5.89 1999 4.53 2.19
1983 2.07 2.76 2000 4.38 2.32
1984 3.06 3.31 2001 1.62 4.16
1985 2.58 2.23 2002 -0.03 3.29
1986 2.79 0.19 2003 0.27 2.11
1987 1.93 -0.70 2004 1.86 1.24
1988 3.44 0.74 2005 2.25 1.67
1989 4.42 1.08 2006 3.82 1.17
1990 4.18 2.45 2007 4.20 1.61
1991 2.44 3.13 2008 2.08 2.49
1992 1.71 3.18 2009 -3.30 1.19
1993 1.26 2.58 2010 1.07 1.28
1994 2.96 2.80 2011 1.66 2.34
1995 3.12 1.92 2012 -1.59 2.45
1996 3.05 2.02 2013 -0.73 2.50

 

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Last Updated on : 23th February 2015 Next Update : February 2016