Covering an area of 41,526 Km², the Netherlands is one of the smallest countries of Europe, but the sixth largest economy in Europe and the sixteenth largest in the world. The Netherlands with annual GDP of USD832 billion ranks the 18th in the World and 6th in the European Union after Germany, France, United Kingdom, Italy and Spain.
In the GDP per capita (PPP), the Netherlands with USD 42,330 ranks 9th in the world and 2nd in the EU after Luxembourg . The Dutch GDP per capita is well over 33 % above the EU average . Services sector accounts for 72.9% of national income; the services primarily include transportation, distribution, logistics and financial, such as banking and insurance. Major agricultural products include grains, potatoes, sugar beets, fruits, vegetables and livestock. The industry accounts for 24.4% of GDP. The major industries include agro-industries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics and fishing.
The country is known as an important European transportation hub. The Rotterdam harbour is one of the biggest in the world and processes nearly 400 million tons of goods every year to the extended hinterland.
The Netherlands is the world’s 6th largest exporting nation. In the European Union, the Netherlands was the third largest export country after Germany and France . The top destinations of Dutch exports include Germany, Belgium, France, United Kingdom, Italy, United States, Spain, Poland, Sweden, and the Russian Federation who collectively account for 74% share in the Dutch exports. The major export products include machinery, mineral fuels, electrical and electronic equipment, organic chemicals, plastics, photo & medical apparatus, vehicles, pharmaceutical products and Iron & steel.
The Netherlands was the 9th largest importing country in the World. The top ten suppliers for Dutch imports were Germany, Belgium, China, USA, United Kingdom, France, Russian Federation, Japan, Norway and Italy. The major import products include mineral fuels, machinery, electrical & electronic equipment, vehicles, photo & medical apparatus, organic chemicals, pharmaceutical products, plastics, iron & steel and articles thereof.