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 (2016): Germany, Belgium, and United Kingdom
Top 3 Exported Goods (2016): Industrial Machinery, Electrical Machinery, and Oil & Mineral Fuels

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) $860,688,339,003 (2016)
GDP Growth Rate (annual %) 2.21% (2016)
GDP Per Capita, PPP (current international) $50,539 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 27/195 (2016)

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 %) 0.317% (2016)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 40.7% (2017)
Real Interest Rate (5 year average %) 0.202% (2012)
Manufacturing, value added (% of GDP) 12.146% (2016)
Current Account Balance (BoP, current US$) $65,572,555,304 (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 9,070,863 (2017)
Employment in Agriculture (% of total employment) 2.212% (2017)
Employment in Industry (% of total employment) 16.537% (2017)
Employment in Services (% of total employment) 81.25% (2017)
Unemployment Rate 4.86% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $555,253,866,228 (2016)
Exports of goods and services (current US$) $640,812,488,463 (2016)
Total Merchandise Trade (% of GDP) 138.505% (2016)
FDI, net inflows (BoP, current US$) $185,753,131,800 (2016)
Commercial Service Exports (current US$) $144,551,500,462 (2016)
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