The Economic Activity of Netherlands

Netherlands is one of the most developed countries in the world, ranking 16th in the world in terms of economic growth and development. It is a founding member of the European Union and the one of the founding members of the World Trade Organization. With its economy very much open for trade, the country enjoys a stable economy with low unemployment rate (3.3%), stable industrial relations, and low inflation rate (1.2%). Its economy is dependent on its industries like chemical and metal processing, and its agricultural and dairy products.

Among the country’s exports are chemicals, equipment and machinery, and fuel. It is the 2nd largest producer of natural gas in Europe and 9th in the world. Among its export partners are Germany, France, UK, Belgium and Italy. The country also imports the same products and goods with Germany, Belgium, China, USA, Russia, UK and France.

The agricultural sector of Netherlands is just as important in its economy. They grow grains, potatoes, fruits, vegetables, and sugar beets. Moreover, the country is very much known for its dairy products, with cheese as its main produce. The Netherlands is known for its cheese industry as well as bread and milk.

Amsterdam, the capital city of Netherlands, is one of the major financial centers in the world, home to a lot of growing and developing industries. The country’s other city, Rotterdam, is one of the world’s busiest ports which enables the Netherlands to take advantage of its geographic location (at the center of transport in Europe).