Economy Stats: compare key data on Cocos (Keeling) Islands & Netherlands

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STAT	Cocos (Keeling) Islands	Netherlands	HISTORY
Agriculture > Products	vegetables, bananas, pawpaws, coconuts	grains, potatoes, sugar beets, fruits, vegetables; livestock
Currency	Australian dollar	euro
Overview	Coconuts, grown throughout the islands, are the sole cash crop. Small local gardens and fishing contribute to the food supply, but additional food and most other necessities must be imported from Australia. There is a small tourist industry.	The Dutch economy is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit in 2011. In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget deficit deteriorated. Although jobless claims continued to grow, the unemployment rate remained relatively low at 6.8 percent.
Exchange rates	Australian dollars (AUD) per US dollar -<br />0.97 (2012)<br />0.97 (2011)<br />1.09 (2010)<br />1.28 (2009)<br />1.21 (2008)	euros (EUR) per US dollar -<br />0.78 (2012 est.)<br />0.72 (2011 est.)<br />0.76 (2010 est.)<br />0.72 (2009 est.)<br />0.68 (2008 est.)
Exports > Commodities	copra	machinery and equipment, chemicals, fuels; foodstuffs
Fiscal year	1	calendar year
GDP > Real growth rate	1% Ranked 3rd.	-1.2% Ranked 173th.
Imports > Commodities	foodstuffs	machinery and transport equipment, chemicals, fuels, foodstuffs, clothing
Industries	copra products, tourism	agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing
Trade > Exports to US	$100,000.00 Ranked 208th.	$2.68 billion Ranked 19th. 26804 times more than Cocos (Keeling) Islands
Trade balance with US	0.0 Ranked 103th.	$2.24 billion Ranked 1st.
Unemployment rate	60% Ranked 1st. 11 times more than Netherlands	5.3% Ranked 86th.

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