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The Netherlands is a prosperous and open economy in which the government has successfully reduced its role since the 1980s. 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 Dutch rank third worldwide in value of agricultural exports, behind the US and France. The Netherlands successfully addressed the issue of public finances and stagnating job growth long before its European partners. This has helped cushion the economy from a slowdown in the euro area. Strong 3.8% GDP growth in 1998 was followed by an only slightly lower 3.4% expansion in 1999. The outlook remains favorable, with real GDP growth in 2000 projected at 3.25%, along with a small budget surplus. The Dutch were among the first 11 EU countries establishing the euro currency zone on 1 January 1999. GDP: |
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The Netherlands is a prosperous and open economy in which the government has successfully reduced its role since the 1980s. 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 Dutch rank third worldwide in value of agricultural exports, behind the US and France. The Netherlands successfully addressed the issue of public finances and stagnating job growth long before its European partners. This has helped cushion the economy from a slowdown in the euro area. Strong 3.8% GDP growth in 1998 was followed by an only slightly lower 3.4% expansion in 1999. The outlook remains favorable, with real GDP growth in 2000 projected at 3.25%, along with a small budget surplus. The Dutch were among the first 11 EU countries establishing the euro currency zone on 1 January 1999. GDP: |
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agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing |
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agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing? |
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grains, potatoes, sugar beets, fruits, vegetables; livestock |
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grains, potatoes, [sugar beet]?s, fruits, vegetables?; livestock? |
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EU 78% (Germany 27%, Belgium-Luxembourg 13%, France 11%, UK 10%, Italy 6%), Central and Eastern Europe, US (1998) |
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EU 78% (Germany 27%, Belgium-Luxembourg 13%, France 11%, UK 10%, Italy 6%), Central and Eastern Europe, US (1998) |
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1 Netherlands guilder, gulden, or florin (f.) = 100 cents; note - to be replaced by the euro on 1 January 2002 |
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1 Netherlands guilder?, gulden, or florin (f.) = 100 cents; note - to be replaced by the euro on 1 January 2002 |
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