telephone: [31] (70) 310-2209
FAX: [31] (70) 361-4688
consulate(s) general: Amsterdam
Flag description:
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
Economy ::Netherlands
Economy - overview:
The Netherlands has a prosperous and open economy, which depends heavily on foreign trade. The economy is noted for stable industrial relations, moderate unemployment and inflation, a sizable current account 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 no more than 3% 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. The country has been one of the leading European nations for attracting foreign direct investment and is one of the four largest investors in the US. The pace of job growth reached 10-year highs in 2007, but economic growth fell sharply in 2008 as fallout from the world financial crisis constricted demand and raised the specter of a recession in 2009.
GDP (purchasing power parity):
$673.5 billion (2008 est.) country comparison to the world: 21 $660.3 billion (2007 est.)