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 (2018): Germany, Belgium, and United Kingdom
Top 3 Exported Goods (2018): Oil & Mineral Fuels, Industrial Machinery, 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) $991,941,839,767 (2018)
GDP Growth Rate (annual %) 2.597% (2018)
GDP Per Capita, PPP (current international) $57,565 (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 %) 2.634% (2019)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 41.2% (2019)
Real Interest Rate (5 year average %) 0.217% (2013)
Manufacturing, value added (% of GDP) 11.107% (2018)
Current Account Balance (BoP, current US$) $99,065,091,765 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 9,240,169 (2019)
Employment in Agriculture (% of total employment) 2.035% (2019)
Employment in Industry (% of total employment) 15.998% (2019)
Employment in Services (% of total employment) 81.967% (2019)
Unemployment Rate 3.196% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $669,997,794,293 (2018)
Exports of goods and services (current US$) $770,414,896,008 (2018)
Total Merchandise Trade (% of GDP) 150.187% (2018)
FDI, net inflows (BoP, current US$) $28,057,771,933 (2019)
Commercial Service Exports (current US$) $195,608,760,144 (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