The Dutch economy

While the Dutch economy was hit in the wake of the global financial crisis and the economic downturn in the Eurozone, developments since 2013 have taken a turn for the better. Economic growth is expected to increase further in 2016. In 2015, the Netherlands had a gross domestic product (GDP) per capita of $44,443.40 and was ranked 8th in the Human Capital Index 2016 of the World Economic forum. The Netherlands has one of the most competitive economies and was ranked 5th in the 2015-2016 Global Competitiveness Report. In the human development index 2015, the Netherlands was ranked 5th based on life expectancy, schooling and gross national income per capita.

The Netherlands has been rated with AAA status by Standard&Poors, Moody’s and Fitch credit rating agencies. The Netherlands has a tradition of stable and trustworthy public institutions. Public institutions enjoy a high degree of professionalism and transparency.

According to the UN-sponsored World Happiness Report of 2016, the Netherlands was the seventh happiest country in the world. Decisive factors contributing to this result are a comprehensive and effective social support system and health care.

In terms of education, the OECD PISA 2012 report ranked the Netherlands 10th based on youth performance in mathematics, reading and science. Unemployment rates are low. In July 2016, the seasonally adjusted unemployment rate was 6.0% compared to 8.6% in the Eurozone. The Netherlands is ranked 9th in the Forbes list of Best Countries for Business and ranked 4th in the Global Innovation Index 2015.