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STAT	Glorioso Islands	Netherlands	HISTORY
Economy > Economy > Overview	no economic activity	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.
Geography > Area > Comparative	about eight times the size of The Mall in Washington, DC	slightly less than twice the size of New Jersey
Geography > Area > Comparative to US places	about eight times the size of The Mall in Washington, DC	slightly less than twice the size of New Jersey
Geography > Area > Land	5 sq km Ranked 12th.	33,883 sq km Ranked 133th. 6777 times more than Glorioso Islands
Geography > Area > Total	5 sq km Ranked 10th.	41,543 sq km Ranked 136th. 8309 times more than Glorioso Islands
Geography > Climate	tropical	temperate; marine; cool summers and mild winters
Geography > Coastline	35.2 km Ranked 201st.	451 km Ranked 113th. 13 times more than Glorioso Islands
Geography > Elevation extremes > Highest point	unnamed location 12 m	Mount Scenery 862 m (on the island of Saba in the Caribbean, now considered an integral part of the Netherlands following the dissolution of the Netherlands Antilles)
Geography > Geographic coordinates	11 30 S, 47 20 E	52 30 N, 5 45 E
Geography > Location	Southern Africa, group of islands in the Indian Ocean, northwest of Madagascar	Western Europe, bordering the North Sea, between Belgium and Germany
Geography > Natural hazards	periodic cyclones	flooding
Geography > Natural resources	guano, coconuts	natural gas, petroleum, peat, limestone, salt, sand and gravel, arable land
Geography > Terrain	low and flat	mostly coastal lowland and reclaimed land (polders); some hills in southeast
Government > Legal system	the laws of France, where applicable, apply	civil law system based on the French system; constitution does not permit judicial review of acts of the States General
Transport > Airports	1 Ranked 226th.	29 Ranked 119th. 29 times more than Glorioso Islands
Government > Flag description	the flag of France is used	three equal horizontal bands of red (top), white, and blue; similar to the flag of Luxembourg, which uses a lighter blue and is longer; the colors were those of WILLIAM I, Prince of Orange, who led the Dutch Revolt against Spanish sovereignty in the latter half of the 16th century; originally the upper band was orange, but because it tended to fade to red over time, the red shade was eventually made the permanent color; the banner is perhaps the oldest tricolor in continuous use
Geography > Maritime claims > Territorial sea	12 nautical mile Ranked 12th. The same as Netherlands	12 nautical mile Ranked 170th.

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