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Flower Industry in Netherlands Haw Hsin Yang Rutgers University-Camden A) International Trade * Balance of payments-analyses and implications Netherlanders create a total GDP of €453 billion in 2003 which equals €27,900 per capita. Export and import of goods as % of GDP respectively reached 58% and 68%, and she is the sixth largest exporter and investor in world. A sizable current account surplus is produced by food processing, chemicals, petroleum refining, and electrical machinery. The country continues to be one of the leading European countries for attracting foreign direct investment. Though economic growth slowed considerably in 2001-03, as partly the global economic slowdown, for the four years before recession, annual growth of GDP averaged nearly 4%, which exceeded the EU average. Year 1998 1999 2000 2001 2002 Trade balance Amount Million $ 20430 16034 17519 20913 25754 Current account balance Amount Million $ 13031 12996 4561 8144 9866 Capital and Financial account balance Amount Million $ -15370 -17607 -4341 -8495 -9999 Overall balance Amount Million $ -2339 -4611 220 -351 -133 Source: IMF Financial Statistics Year Book 2003 * Trading relationships The Netherlands has been a leading trading nation for many centuries....

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