Introduction to the Netherlands Economy

The Netherlands of the Holland is currently the sixteenth largest economy of the world in terms of the nominal GDP. The growth rate of this country is fairly good like any other European nation. This country has been consistently growing at a rate of four percent over a sufficiently large period of time.

However there was a slight stop in the growth of Netherlands economy during the years 2001-2005 and during 2009. But this did not affect the progress of this country in a huge manner. The best thing about the economy of Netherlands is that it is highly stable.

Overview on the Netherlands Economy:

It is a member of the European Union and this is one of the reasons for Netherlands to have a thriving and prosperous economy over the years.

This country is actually an open economy i.e. the country is mainly dependent on foreign trade and a slight change in the markets would affect the growth rate of Netherlands. Actually this is the defining and the most distinct quality of the Netherlands economy.

Even after being an open economy hugely dependant on foreign trade it has very stable and consistent growth rate. The statistics will be the best proof for this statement. The country has GDP of about 652.3 billion dollars with a GDP per capita income of 39,000 dollars at a growth rate of 4.3%.

Industries in Netherlands:

The economy of Netherlands is driven by the agriculture industry and all those related with agriculture. In addition the agriculture industry, there are also the metal, chemicals and petroleum industry in this country which gives them fairly good revenue. Other important industries of Netherlands are the microelectronics and fisheries. Microelectronics deserves special mention because this is one sector which has been giving a consistent income for this country.