National economy of Netherlands - industries, GDP and prosperity level

The Netherlands has a very favorable starting economic position, thanks to its location in the center of Western Europe. At the moment, the level of development is high. According to the European Union, the country ranks 6th among all members. The economy is oriented mainly on foreign countries. The policy of peace is applied most of the world, creating new ones and developing established economic relations. According to the world rating of economic freedom, the Netherlands occupies the 13th position among more than 150 countries. The country's GDP before the crisis in 2002 was very high - more than 4 percent. However, at the moment, the indicators are lower, while inflation is 2.4 percent per year. The security level is quite high. The unemployment in the kingdom is the lowest in the entire European Union.

Industry in the country is at the top level. The products are upscale and competitive. The first place is occupied by oil and gas producing assets, followed by the chemical industry, metallurgy, metalworking, electrical engineering, and the manufacturing sector. The power industry is recognized as one of the most important branches of the country's economy. The main mass of electricity is produced by thermal stations. There are only two nuclear facilities in the country. Petroleum products make a quarter of Dutch imports. The ferrous metallurgy of the country is well-developed. Mechanical engineering is up to par. Products of electrical, textile, construction, oil and chemical industries are in demand not only at home, but also abroad. Much attention is focused on the development of transport and machinery for the agricultural sector. The products of Philips corporation are in great demand all over the world. The shipping industry is constantly developing and modernizing itself.

In the post-war period, the active development of the automobile industry began. The joint Volvo company created by Sweden and the Netherlands brings high dividends every year. A huge contribution to the economy of the country is made by the developed transportation system that occupies the 4th position in the world. Rotterdam is still considered the largest port in the world in terms of the cargo turnover; the largest oil refineries are located here. The loyal tax legislation allowed the development of land and sea freight turnover. The policy of the Netherlands is aimed at the world liberalization, and this has become an excellent aid for air cargo branch. The lion's share of all income from exported transport services is generated by air transport, which surpasses even navigation. The food industry is well-developed, especially the production of fermented milk products. Agriculture in the kingdom is growing actively, although it still contributes less in the overall economy. Copyright www.orangesmile.com

Since 2011, the Netherlands government together with the monarch has undertaken harsh measures to save money. During this period, there was a significant decrease in tax revenues, as well as a decrease in the country's total GDP. The budget deficit was reduced only in 2013, after a significant increase of taxes for developed industries. Along with this, social expenditures per capita increased too, due to the increase in the unemployment allowance. Despite the difficulties, the Netherlands is still at a fairly high economic level. Therefore, all socially unprotected sections of the population get large monthly payments and pensions. The economy of the Netherlands, first of all, is focused on the welfare of every single citizen of the country. The comfortable environment for the emergence and development of small business is created, while the system of cost reduction functions normally. The insurance system is well-developed too. Therefore, absolutely all citizens of the country feel protected.