Economic Trivia

A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2017): Germany, Belgium, and United Kingdom
Top 3 Exported Goods (2017): Industrial Machinery, Oil & Mineral Fuels, and Electrical Machinery

Top Industries Source: CIA World Factbook

Agroindustries; Metal and Engineering Products; Electrical Machinery and Equipment; Chemicals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $978,239,916,213 (2018)
GDP Growth Rate (annual %) 2.673% (2018)
GDP Per Capita, PPP (current international) $56,772 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 26/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.703% (2018)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 40.8% (2018)
Real Interest Rate (5 year average %) 0.217% (2013)
Manufacturing, value added (% of GDP) 10.848% (2018)
Current Account Balance (BoP, current US$) $98,507,188,034 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 9,147,479 (2018)
Employment in Agriculture (% of total employment) 2.246% (2018)
Employment in Industry (% of total employment) 16.318% (2018)
Employment in Services (% of total employment) 81.436% (2018)
Unemployment Rate 3.88% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $660,555,952,128 (2018)
Exports of goods and services (current US$) $757,572,385,351 (2018)
Total Merchandise Trade (% of GDP) 149.933% (2018)
FDI, net inflows (BoP, current US$) ($163,164,404,948) (2018)
Commercial Service Exports (current US$) $185,031,471,409 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Netherlands’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank