Thursday, May 19, 2011

The Netherlands -Charlie Parry




Historically, the Netherlands has had a very strong economy that has played a serious roll in its success as a country. The farming industry employs 4% of their population, making dairy products and crops a big contributor to their GDP. In 2009, the Netherlands exported $387.8 B worth of machinery, chemicals, processed food/tobacco, and agricultural products. The Netherlands imported $345.6 B worth of crude petroleum, mineral fuels, consumer goods, and foodstuffs. That’s a $44.2 B profit on just imports and exports.
Due to a low level of inflation in the western European countries, a single Euro(the Netherlands currency) is trading at $1.4244 US dollars. This is good for the Netherlands because it is makes them a stronger trading power, but bad for countries such as the United States because people get a lot more for their money(one of the major reasons for the 2008 economic crash). In the end, the Netherlands are a very easy country to do business with and are very loyal to the other countries that trade with them.

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