ctivity. The trade and
financial services sector contributes over 50% of GDP. Industrial
activity provides about 25% of GDP and is led by the
food-processing, oil-refining, and metalworking industries. The
highly mechanized agricultural sector employs only 4% of the labor
force, but provides large surpluses for export and the domestic
food-processing industry. Indeed, the Netherlands ranks third
worldwide in value of agricultural exports, behind the US and
France. High unemployment and a sizable budget deficit are currently
the most serious economic problems. Many of the economic issues of
the 1990s will reflect the course of European economic integration.

GDP: purchasing power parity - $301.9 billion (1995 est.)

GDP real growth rate: 2.5% (1995 est.)

GDP per capita: $19,500 (1995 est.)

GDP composition by sector:
agriculture: 3.4%
industry: 26.9%
services: 69.7% (1994)

Inflation rate (consumer prices): 2.25% (1995)

Labor force: 6.4 million (1993)
by occupation: services 73%, manufacturing and construction 23%,
agriculture 4% (1994)

Unemployment rate: 7.1% (fourth quarter 1995)

Budget:
revenues: $109.9 billion
expenditures: $122.1 billion, including capital expenditures of $NA
(1992 est.)

Industries: agroindustries, metal and engineering products,
electrical machinery and equipment, chemicals, petroleum, fishing,
construction, microelectronics

Industrial production growth rate: 1% (1995 est.)

Electricity:
capacity: 17,520,000 kW
production: 72.4 billion kWh
consumption per capita: 5,100 kWh (1993)

Agriculture: grains, potatoes, sugar beets, fruits, vegetables;
livestock

Illicit drugs: important gateway for cocaine, heroin, and hashish
entering Europe; European producer of illicit amphetamines and other
synthetic drugs

Exports: $146 billion (f.o.b., 1995)
commodities: metal products, chemicals, processed food and tobacco,
agricultural products
partners: EU 73% (Germany 28%, Belgium-Luxembourg 13%, UK 9%),
Central and Eastern Europe 2%, US 5% (1994)

Imports: $133 billion (c.i.f., 1995)
commodities: raw materials and semifinished products, consumer
goods, transportation equipment, crude oil, food products
partners: EU 56% (Germany 21%, Belgium-Luxembourg 11%, UK 8.5%), US
8.6% (1994)

External debt: 0

Economic aid:
donor: ODA, $2.525 billion (1993)

Currency: 1 Netherlands guilder, gulden, or florin (f.) =