The Netherlands was a founding member of the European Union. On January 1, 2002 the Netherlands traded their national currency of the Dutch Guilder for the Euro. The Netherlands has the sixteenth largest economy in the world and ranks the sixth largest in the European Union.
The Netherlands has a very strong economic competitiveness that has helped to improve macroeconomics, business environments and technological innovation within the nation. By doing this private consumption is steady with high wages and exceptional employment benefits.
The Netherlands is an export based economy with stable industrial relations, low unemployment and a sizeable current account surplus. Industrial activity within the Netherlands is predominantly consists of chemicals, petroleum, as well as refining electrical and electronic machinery. Netherlands is also well known for their agricultural production in plants and flowers.
The Netherlands has a very strong economic competitiveness that has helped to improve macroeconomics, business environments and technological innovation within the nation. By doing this private consumption is steady with high wages and exceptional employment benefits.
The Netherlands is an export based economy with stable industrial relations, low unemployment and a sizeable current account surplus. Industrial activity within the Netherlands is predominantly consists of chemicals, petroleum, as well as refining electrical and electronic machinery. Netherlands is also well known for their agricultural production in plants and flowers.