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DBpedia 2014

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Matches in DBpedia 2014 for { ?s ?p At the time of writing the Netherlands is the 17th largest economy of the world. (see: List of countries by GDP (nominal)) GDP per capita is roughly $42,000 which puts it in the top 10 of richest nations in the world (see: List of countries by GDP (PPP) per capita). Between 1996 and 2000 annual economic growth (GDP) averaged over 4%, well above the European average. Growth slowed considerably in 2001-05 as part of the global economic slowdown. 2006 and 2007 however showed economic growth of 3.4% and 3.9%. The Dutch economy was hit considerably by the ongoing global financial crisis and the ensuing European debt crisis. Several banks went bankrupt, and a number of others had to receive governmental aid. In 2009 the economy declined with 3.5%, followed by two years of mild growth. The Dutch economy is currently in a recession again, with an economic decline of 0.5% in 2012. Inflation is at 2.9% in June 2013. Unemployment has been relatively low compared to other EU nations for decades but after mid-2012 it has seen a fast increase and in May 2013 it has hit 8.3%. The Netherlands managed to maintain its AAA rating at least until July 2013 according to the three major credit rating agencies.The Netherlands have a prosperous and open economy, which depends heavily on foreign trade. The economy is noted for stable industrial relations, fairly low 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 mechanised agricultural sector employs no more than 2% of the labour 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 is one of the leading European nations for attracting foreign direct investment.The stern financial policy has been abandoned in 2009 on account of the current credit crises. The relatively large banking sector was partly nationalised and bailed out through government interventions. The unemployment rate dropped to 5.0% in the summer of 2011, but increased with a sharp rate since then to 8.3% in May 2013. The state budget deficit for 2011 was 4.7%, considerably larger than expected, and much larger than the EU-mandated maximum of 3%. The government already implemented austerity measures in 2011, but the economic turndown in the latter half of that year made a next round of austerity measures inevitable. Currently, as of the summer of 2013, the Rutte cabinet is planning on new budget cuts of 6 billion euros annually or more, to be announced in September.Historically, the Dutch introduced and invented the stock market by the merchandise trading through Dutch East India Company. The Netherlands is a founding member of the European Union, the OECD and the World Trade Organization.. }

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