The Netherlands

3Q08 GDP performance: -0.3%
4Q08 GDP performance: -0.9%
Unemployment rate: 2.8%
Public sector debt: 38%

Down, but not by as much as the rest of the euro zone, especially its neighbor Belgium. A contraction of 0.9% means the Dutch economy has been in recession since April of last year. It's expected to shrink by about 0.5% this year, and unemployment stands at a very respectable 2.8%. A competitive economy, current account surplus, and plenty of natural gas have all helped.