Description: Netherlands: Digging Deep Into The Dutch Economy #netherlands, Why is the strong Dutch economy slowing down? | Netherlands Economy | Econ, How The Dutch Economy Shows We Can't Reduce Wealth Inequality With Taxes | Economics Explained
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According to the World Bank and the International Monetary Fund, the Netherlands was the 18th largest economy of the world in 2012, while the country has only about 17 million inhabitants. (see: List of countries by GDP (nominal) ). GDP per capita is roughly $43,404 which makes it one 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 a
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 very big sizable current account surplus (compared to the size of the country even more than Germany) and an important role as a European transportation hub, with Rotterdam as far out the biggest port in Europe and Amsterdam as one of the biggest airports in Europe. Industrial activity is predominantly in food processing
The Netherlands ( i / ˈ n ɛ ð ər l ə n d z / ; Dutch : Nederland [ˈneːdərˌlɑnt] ) is the main " constituent country " ( Dutch : land ) of the Kingdom of the Netherlands . It is a small, densely populated country located in Western Europe with three island territories in the Caribbean . The European part of the Netherlands borders Germany to the east, Belgium to the south, and the North Sea to the northwest, sharing maritime borders with Belgium, the United Kingdom and Germany. The largest and most important