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union; Federation of Catholic and Protestant Employers Associations; the nondenominational Federation of Netherlands Enterprises; and IKV--Interchurch Peace Council Member of: ADB, Benelux, CCC, Council of Europe, DAC, EC, ECE, EIB, EMS, ESA, ESCAP, FAO, GATT, IAEA, IBRD, ICAC, ICAO, ICES, ICO, IDA, IDB--Inter-American Development Bank, IEA, IFAD, IFC, IHO, ILO, ILZSG, IMF, IMO, INRO, INTELSAT, INTERPOL, IPU, IRC, ITC, ITU, IWC--International Wheat Council (with respect to interests of the Netherlands Antilles and Suriname), NATO, OAS (observer), OECD, UN, UNESCO, UPU, WEU, WHO, Diplomatic representation: Ambassador Richard H. FEIN; Chancery at 4200 Linnean Avenue NW, Washington DC 20008; telephone (202) 244-5300; there are Dutch Consulates General in Chicago, Houston, Los Angeles, New York, and San Francisco; US--Ambassador C. Howard WILKINS; Embassy at Lange Voorhout 102, 2514 EJ The Hague (mailing address APO New York 09159); telephone p31o (70) 62-49-11; there is a US Consulate General in Amsterdam Flag: three equal horizontal bands of red (top), white, and blue; similar to the flag of Luxembourg which uses a lighter blue and is longer - Economy Overview: This highly developed and affluent economy is based on private enterprise. The government makes its presence felt, however, through many regulations, permit requirements, and welfare programs affecting most aspects of economic activity. The trade and financial services sector contributes over 50% of GDP. Industrial activity, including construction, provides about 25% of GDP, and is led by the food-processing, oil-refining, and metal-working industries. The highly mechanized agricultural sector employs only 6% of the labor force, but provides large surpluses for export and the domestic food-processing industry. An unemployment rate of over 8.6% and a sizable budget deficit are currently the most serious economic problems. GDP: $205.9 billion, per capita $13,900; real growth rate 4.2% (1989 est.) Inflation rate (consumer prices): 1.5% (1989 est.) Unemployment rate: 8.6% (1989 est.) Budget: revenues $71 billion; expenditures $82 billion, including capital expenditures of $NA billion (1989) Exports: $110.3 billion (f.o.b., 1989); commodities--agricultural products, processed foods and tobacco, natural gas, chemicals, metal products, textiles, clothing; partners--EC 74.9% (FRG 28.3%, Belgium-Luxembourg 14.2%, France 10.7%, UK 10.2%), US 4.7% (1988)
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