×

Economy Stats: compare key data on Netherlands & Norfolk Island

  1. Home
  2. Country Info
  3. Compare
  4. Netherlands vs. Norfolk Island
  5. Economy

Definitions

  • Budget > Expenditures: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues > Per capita: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per capita figures expressed per 1 population.
  • Currency: The national medium of exchange and its basic sub-unit.
  • Overview: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
  • Exports: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Exports > Commodities: This entry provides a listing of the highest-valued exported products; it sometimes includes the percent of total dollar value.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Imports per capita: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Figures expressed per capita for the same year.
  • Industries: A rank ordering of industries starting with the largest by value of annual output.
  • Labor force: This entry contains the total labor force figure.
  • Trade > Exports to US: in US dollars. Jan 2003 - March 2003
  • Labor force > By occupation > Agriculture: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
    Additional details:
    • Gibraltar: negligible (2013)
  • Labor force > By occupation > Services: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
  • Trade > Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Trade > Exports: The total US dollar amount of exports on an f.o.b. (free on board) basis.
  • Labor force per thousand people: This entry contains the total labor force figure. Figures expressed per thousand people for the same year.
  • Budget > Expenditures > Per capita: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per capita figures expressed per 1 population.
  • Labor force > By occupation > Industry: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
  • Trade balance with US: In US dollars. Jan 2003 - March 2003
SHOW ALL
LESS
SHARE TWEET EMBED
STAT Netherlands Norfolk Island HISTORY
Agriculture > Products grains, potatoes, sugar beets, fruits, vegetables; livestock Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry
Budget > Expenditures $389.40 billion
Ranked 13th. 81125 times more than Norfolk Island 		$4.80 million
Ranked 148th.
Budget > Revenues $358.40 billion
Ranked 13th. 77913 times more than Norfolk Island 		$4.60 million
Ranked 220th.
Budget > Revenues > Per capita $21,695.03 per capita
Ranked 11th. 9 times more than Norfolk Island 		$2,482.46 per capita
Ranked 47th.
Currency euro Australian dollar
Overview 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. Norfolk Island is suffering from a severe economic downturn. Tourism, the primary economic activity, is the main driver of economic growth. The agricultural sector has become self sufficient in the production of beef, poultry, and eggs.
Exchange rates 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.) 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)
Exports $540.30 billion
Ranked 7th. 360200 times more than Norfolk Island 		$1.50 million
Ranked 1st.
Exports > Commodities machinery and equipment, chemicals, fuels; foodstuffs postage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados
Fiscal year calendar year 1
Imports $476.50 billion
Ranked 10th. 26620 times more than Norfolk Island 		$17.90 million
Ranked 200th.
Imports per capita $28,417.72
Ranked 5th. 3 times more than Norfolk Island 		$8,306.26
Ranked 46th.
Industries agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing tourism, light industry, ready mixed concrete
Labor force 7
Ranked 140th. 		978
Ranked 2nd. 140 times more than Netherlands
Trade > Exports to US $2.68 billion
Ranked 19th. 8935 times more than Norfolk Island 		$300,000.00
Ranked 190th.
Labor force > By occupation > Agriculture 2%
Ranked 170th. 		6%
Ranked 138th. 3 times more than Netherlands
Labor force > By occupation > Services 80%
Ranked 1st. The same as Norfolk Island 		80%
Ranked 2nd.
Trade > Imports $408.40 billion
Ranked 10th. 22816 times more than Norfolk Island 		$17.90 million
Ranked 150th.
Trade > Exports $451.30 billion
Ranked 8th. 300867 times more than Norfolk Island 		$1.50 million
Ranked 150th.
Labor force per thousand people 0.000417
Ranked 152nd. 		445.36
Ranked 2nd. 1069173 times more than Netherlands
Budget > Expenditures > Per capita $21,513.99 per capita
Ranked 11th. 8 times more than Norfolk Island 		$2,590.39 per capita
Ranked 49th.
Labor force > By occupation > Industry 18%
Ranked 102nd. 29% more than Norfolk Island 		14%
Ranked 123th.
Trade balance with US $2.24 billion
Ranked 1st. 		$-200,000.00
Ranked 111th.

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbooks 2010, 2011, 2012, 2013; CIA World Factbooks 2010, 2011, 2012, 2013. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; US Census Bureau

SHOW ALL
LESS

Citation

Compare Netherlands and Norfolk Island in
Agriculture Geography Media
Economy Government People
Education Health Religion
Energy Labor Transport
Environment Language

Factoid #84

Related Sectors

E-commerce 2019

Stats

Country profiles

Compare

Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add www.nationmaster.com to your ad blocking whitelist or disable your adblocking software.

×