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(observer), OECD, ONUB, OPCW, OSCE, Paris Club, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNTSO, UPU, WCL, WCO, WEU, WHO, WIPO, WMO, WToO, WTO, ZC Diplomatic representation in the US: chief of mission: Ambassador Boudewijn J. VAN EENENNAAM consulate(s): Boston consulate(s) general: Chicago, Houston, Los Angeles, Miami, New York FAX: [1] (202) 362-3430 telephone: [1] (202) 244-5300 chancery: 4200 Linnean Avenue NW, Washington, DC 20008 Diplomatic representation from the US: chief of mission: Ambassador Clifford M. SOBEL embassy: Lange Voorhout 102, 2514 EJ, The Hague mailing address: PSC 71, Box 1000, APO AE 09715 telephone: [31] (70) 310-9209 FAX: [31] (70) 361-4688 consulate(s) general: Amsterdam Flag description: three equal horizontal bands of red (top), white, and blue; similar to the flag of Luxembourg, which uses a lighter blue and is longer; one of the oldest flags in constant use, originating with William I, Prince of Orange, in the latter half of the 16th century Economy Netherlands 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 2001-03, as part of the global economic slowdown, but for the four years before that, annual growth averaged nearly 4%, well above the EU average. The government is wrestling with a deteriorating budget position, and is moving toward the EU 3% of GDP budget deficit limit. GDP: purchasing power parity - $461.4 billion (2003 est.) GDP - real growth rate: -0.7% (2003 est.) GDP - per capita: purchasing power parity - $28,600 (2003 est.) GDP - composition by sector: agriculture: 2.5% industry: 24.4% services: 73.1% (20
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