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Economy of Netherlands

Netherlands is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Netherlands is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Netherlands exports around $576.9 billion and imports roughly $511 billion. 4.2% of population in the country are unemployed. The total number of unemployed people in Netherlands is 717,547. In Netherlands, 8.8% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Netherlands is low, indicating that it has a stable economy. Investors should consider Netherlands to be a safe location for investments and other financial ventures. Government expenditure on education is 5.3% of GDP. The Gini Index of the country is 25.1. Netherlands is experiencing high equality. Differences in income among citizens are only mildly significant. Netherlands has a Human Development Index (HDI) of 0.915. Netherlands has a very high HDI score. This indicates that nearly all citizens are able to attain a desirable life because of social and economic support; citizens with a low standard of living receive aid and support and have the opportunity to advance in society. The Global Peace Index (GPI) for Netherlands is 1.432. Due to strong law enforcement presence and high social responsibility, Netherlands is very safe by international standards. The strength of legal rights index for Netherlands is 3. Overall, it is considered to be rather inadequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient.

Currency

The currency of Netherlands is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into Cent; there are 100 in one euro.

Credit rating

The depth of credit information index for Netherlands is 7, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Netherlands has a credit rating score of AA+, and the prospects of this rating are positive. According to the Fitch credit-rating agency, Netherlands has a credit rating score of AAA, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Netherlands has a credit rating score of Aaa, and the prospects of this rating are stable.

Central bank

In Netherlands, the institution that manages the state's currency, money supply, and interest rates is called Netherlands Bank. Locally, the central bank of Netherlands is called De Nederlandsche Bank. The average deposit interest rate offered by local banks in Netherlands is 2.6%.

Public debt

The government debt of Netherlands has not been calculated yet.

Tax information

The corporate tax in Netherlands is set at 20%. Personal income tax ranges from 36.25% to 52%, depending on your specific situation and income level. VAT in Netherlands is 21%.

Finances

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Netherlands is $808796 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Netherlands was last recorded at $47 million. PPP in Netherlands is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Netherlands is 853,539 billion. Based on this statistic, Netherlands is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Netherlands. The Gross Domestic Product (GDP) per capita in Netherlands was last recorded at $50 million. The average citizen in Netherlands has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Netherlands averaged 0.6% in 2014. According to this percentage, Netherlands is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly. To read more about financial information click on finances of Netherlands.

Industry

Major industries in the country are agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing. The total labor force of Netherlands is 9,070,860 people, wherein 4.2% of population in the country are unemployed. The total number of unemployed people in Netherlands is 717,547. The Industrial Production growth rate of Netherlands is 3.2%.To read more about industrial information within Netherlands click on industry of Netherlands.

Agriculture

There are 7441 km2 of arable land in Netherlands, and it comprises 18% of the country's total territory. There are 7702 km2 of cultivated land in Netherlands. The country's major agricultural crops and products are grains, potatoes, sugar beets, fruits, vegetables, livestock.To read more about agriculture click on agriculture of Netherlands.