Introduction
The Netherlands or the kingdom of the Netherlands lays in western Europe and crosses Belgium/Germany and the north and south sea. And has a population of around 18,000,000 million people and the length of the country is 42,500 km². The capital the Netherlands is Amsterdam which lays in Noord Holland, which is also the city with the biggest population with around 900,000 people living there, their biggest city is Rotterdam which is 325,8 km², the port of Rotterdam was the biggest port in the world until 2004 where shanghai took it over, right now the port of Rotterdam is the 11th worldwide. The languages that they speak are Dutch, and they also talk fries in Friesland, in the Netherlands they don’t have states like the USA but provinces. The currency that the Netherlands uses is called the euro The Netherlands has a king not a president, you need to be a child of a king/queen in the Netherlands to become king/queen you can also marry the king/queen but most likely then you will become a prince/princess but our queen right now is an exception.
Statistics
The netherlands is the 16th richest country in the world, their GDP is the amount of 826,2 billion usd. and has a gni per capita of 52,200$, and their ppp is a little above 49930 billion ppp. (Trading Economics) the Netherlands also has an export rate of 461 billion dollars. And their biggest export product is refined petroleum with 8,1%of their export sales being refined petroleum. and their import earnings are 485 billion dollars. And their biggest import product is raw petroleum, and Their econ complexity is 1,30. According to the world fact book and ResearchGate, and the GDP in the Netherlands is 52,200. The HDI of the Netherlands is 0.931, their Gini index is 29.3, they have a GDP% of 2.5%, the tourism in the Netherlands makes up about 5,5% of their population, about 18 million people have their vacation in the Netherlands every year, with 9 millions of those going to the capital!
according to the world factbook: The Netherlands, sixth-largest economy in the European Union, and also the 16th richest in the world., plays an important role as a European transportation hub, with a consistently high trade surplus, and a stable industrial relation, and quite a low unemployment percentage. the Dutch Industry is focusing on food processing, chemicals, petroleum refining, and electrical machinery. The Netherlands also has a highly mechanized agricultural sectoring that employs only 2% of the Dutch labor workers but also provides large surpluses for food-processing and underpins the country’s status as one of the world’s largest agricultural exporter, the dept of the Netherlands is at 61%.
Type of Economy
The Netherlands uses a mixed economic system in which they use different kinds of private freedom, the Dutch economy has features from the command and the market base economy as well, they also have a tax rule for foreign company’s don’t need to pay taxes for having their headquarters in the Netherlands, this rule is also useful for Philips/IKEA/ etc., in the Netherlands they have something called the Randstad which includes Noord Holland/ Zuid Holland/ Utrecht, this part of the Netherlands is the 5 richest economy regions in Europe, this is because a big part of the Dutch economy happens here, this is also why there are a lot of jobs in this part of the Netherlands, this area also has the 11th highest GDP from regions in Europe, the Netherlands also has a high tax protocol, which makes it harder for rich people to take over in the Netherlands.
Inequality
The Netherlands can be very proud of their inequality level seeing that they have a law that gives the richer people a higher tax's% the 10% on the Netherlands holds 61% of the country’s net worth and after Poland, the Netherlands has the lowest inequality rate in Europe, a huge part of this is because of the tax system that the Netherlands uses, the richer people need to pay up to 52% of their salary to the government. And the poorer people need to pay around 37% of their salary, and the tax for people who are at pension age is around 10%, because of these tax rules the Netherlands has a better non inequality level then most of the country’s.
Trade
The Netherlands has the 8th biggest export economy in the world, and they also have the 18th biggest complex economy in the entire world (according to ECI) Some of the import country that support the Dutch economy are Belgium/Luxemburg/England/Spain/Portugal, all of these countries lay in Europe and Belgium and Germany also crosses with the Netherlands. their biggest export partners area Germany ($84.5B), Belgium-Luxembourg ($49.3B), China ($43.9B), the United States ($35.2B) and Russia($27.7B). these country ’s support a big part of the Dutch economy, the biggest partners in import for the Netherlands are Belgium/Luxemburg/Russia/United Kingdom/ France/ Italy/ Spain/ Poland/ etc. All of these countries lay close the Netherlands which makes it easier to trade, a big part of these trades come from countries in the European union, this is because the European union has special trade rules, with other European union countries.
How the 2008 Financial Crisis affected the Netherlands
The Dutch economy seemed to be prepared for the financial crisis and did not really hit the Dutch economy that hard in comparison to other European countries, the economy growth in 2007 stayed the same at the robust of 3,5% which was also above the euro average 2,75 in 2008, but in 2009 there were also some negative effect about the crisis where the expected robust was –4,5%, but the Netherlands seemed to survived the finical crisis, and this can largely be thanked by the flexibly labor work in the Netherlands, and since 2016 the Dutch economy has grown stable.