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Reasons Of The Rich Economy in Netherlands

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The Netherlands is one of the richest countries in the world. So why is the Dutch economy so rich? According to the International Monetary Fund and the World Bank, the Netherlands ranks eighteenth among the countries with the world’s largest economy.

It is a member of the European Union, Eurozone, Schengen Area and NATO.

According to the 2018  Human Development Index , the Netherlands ranks 3rd.

The Netherlands is described as the most democratic, free and liberal country and is among the exemplary countries in the protection of human rights.

The Netherlands is also considered the best place in the world for children.

1. Port of Rotterdam – one of the largest in the world

Rotterdam is a very important city for the Dutch economy. It is famous for its port, which is one of the largest and busiest ports in the world.

It plays a very important role in the export and import of goods and raw materials, not only in the Netherlands, but in Europe as a whole.

Although located in the Netherlands, it is also called the “largest German port” due to its significant impact on the German economy. In fact, most of the raw materials needed to support the highly developed German industry come from the port of Rotterdam.

The port can serve even the largest ships in the world. It brings hundreds of millions of Euros in revenue to the Dutch economy every year. Just a small part of the advantages of owning such a port. The port of Rotterdam brings many other benefits to the Netherlands.

It is a good basis for the development of trade and finance. Having one of the largest ports makes the Netherlands a very attractive place for foreign investment.

The Netherlands is the world’s second largest exporter of agricultural products after the United States and has one of the most developed food industries in the world.

Despite its small area, the Netherlands is a real giant in agriculture. Dutch farmers often joke that their country is small, but that every square meter of their land is of the highest possible quality.

In terms of income from the export of agricultural products, the Netherlands ranks first in Europe and second in the world, only relative to the United States.

The combination of fertile soils, mild humid climate and a high degree of mechanization provides a very good basis for the development of the industry.

The Netherlands is a global producer of vegetables (tomatoes, cucumbers, etc.), fruits (apples, pears, etc.), dairy products (local cheeses are among the most famous in the world), and flowers (mainly tulips).

It also produces a number of famous food products such as Gouda cheese, as well as some popular beverage brands such as Amstel and Heineken beers.

The country is also famous for its high quality chocolate and sausages.

2. Investing in Innovations and Perspective Sectors

The Netherlands invests large sums in various sectors of the economy, such as medicine, education, new technologies, ecology, the mechanization of agriculture and others.

Despite the lack of resources for green energy production, the country is making great efforts.

It is predominantly on wind energy produced by turbines in the coastal areas of the North Sea.

The Dutch city of Eindhoven, along with parts of its neighboring countries, is well on its way to becoming the continent’s most innovative, promising and perspective destination.

3.Advanced Industry

Similar to Japan and South Korea, the country is poor in resources.

Although the Netherlands has to import almost all the raw materials it needs, it has a highly developed industry.

The country imports cheap resources and exports high-quality ready-to-use production abroad. The Netherlands actually produces almost everything it needs.

It is among the world leaders in technology and electronics. Here is the headquarters of tech giant Phillips and sports car brand Spyker Cars.

4.Engineering Genius

Most of the Netherlands is below sea level. Dutch engineers therefore face unprecedented challenges compared to engineers in other countries.

Trying to protect their country from rising sea levels, some of the world’s best scientists are innovating in the Netherlands.

One of them is the movable barriers that protect the city of Rotterdam from flooding in bad weather conditions.

The system is so perfect that it can react on its own without the need for human intervention.

In the event of sea level rise in the North Sea, the system automatically decides whether to close the protective barriers and calculates the flood risk.

So the location of the Netherlands is the main reason why the engineering genius has survived to this day in trying to protect people from the changing moods of mother nature.

In the last ten years, a few countries in the world have managed to turn their disadvantages into advantages; The Netherlands is one of them.

5. The Netherlands Is One of the Leading Financial Centers

When it comes to finance, good reputation is one of the most important factors. And the Netherlands has a very good international image.

Most people describe the country as rich, peaceful, stable, modern, democratic and successful.

After a century of rapid economic development, the Netherlands today is one of the world leaders.

Here is one of the world’s leading financial institutions like the famous ING company. Also, few people know that the Amsterdam Stock Exchange is the oldest stock exchange in the world.

6. Developed Tourism Industry

The Netherlands is one of the most visited addresses in Europe and its biggest attraction, Amsterdam is one of the cities considered the most modern and tolerant throughout Europe.

The city is also home to the largest number of museums in the world. More than four and a half million tourists visit the country every year.

Tulips, windmills, and vast fields planted with canals that surround the country are some of the symbols of the Netherlands.

7. Entrepreneurial Spirit

A country is rich when its people are rich. And the best way to achieve this goal is to encourage entrepreneurship among the population.

The Netherlands is one of the countries with the highest percentage of entrepreneurs per capita. The foundations of this way of thinking are laid in early childhood.

The Dutch teach their children at home and at school to be creative and to embrace new and unusual ideas.

You often hear people say ‘Come to the Netherlands and see what the world will look like in a few years’. And this is quite true.

Considering the percentage of the population, the country is among the places with the highest number of enterprises in the world, and Amsterdam knows no rivals in this regard.

We live in an era of hi-tech and the Dutch population has been able to take advantage of this fact successfully – most Dutch startups today are online.

Population is a country’s greatest wealth when it comes to entrepreneurship. Like Switzerland, different languages ​​are spoken in the Netherlands.

In addition to the official Dutch language, almost all people in the country speak English and German. The population has the opportunity to receive an excellent world-class education.

Although the Netherlands is a small country, some of the best universities in the world are here.

The percentage of the population with internet access, including free wireless internet access in major cities, is among the highest in the world.

8. Rich Neighbors

An important factor in the development of the Dutch economy is that the country is surrounded only by rich and powerful nations.

Its neighbors are Belgium and Germany, and it is surrounded by other wealthy states such as Luxembourg, France, England and Denmark.

In fact, the Netherlands is the center of one of the most economically developed regions in the world.

9. Excellent Infrastructure

The Netherlands is undoubtedly one of the top ten countries with the best infrastructure in the world and is often compared to South Korea.

The perfect network of highways, modern airports and seaports can eclipse almost any country in the world.

The Netherlands holds the prestigious first place when it comes to the quality of the electricity grid and the reliability of electricity.

10. Immigration Policy

The Netherlands has the smartest and most balanced immigration policy of all the other countries on the continent.

Despite being a member of the EU, the Netherlands accepts a large number of highly skilled immigrants from outside the community.

It is often encouraged from other states because of the easy and fast work visa issuance procedure for highly skilled workers, which drives the economy forward and makes it more competitive.

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