The Netherlands has a prosperous and open economy, which depends heavily on foreign trade. However, the unforeseen consequences of the country's energy wealth originally impacted the competitiveness of other sectors of the economy, leading to the theory of Dutch disease, after the discovery of the vast Groningen gas field. Over the following decades, the sale of natural gas generated a significant rise in revenue for the Netherlands. ![]() Currently the Netherlands accounts for more than 25% of all natural gas reserves in the European Union. The Netherlands has had steady natural gas resources since 1959, when a wellspring was discovered. Its GDP per capita at purchasing power parity was estimated at $72,973 in the fiscal year 2023, which makes it one of the highest-earning nations in the world. The economy of the Netherlands is the 18th largest in the world in 2021 (in terms of Gross domestic product GDP) according to the World Bank and the International Monetary Fund. OECD, 2012 Part-time employment rate (%) in OECD countries. All values, unless otherwise stated, are in US dollars.ĭutch exports in 2006 The labour productivity level of the Netherlands is one of highest in Europe.
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