The currency of the country is Euro. The symbol used for this currency is €, abbreviated to EUR. 4.2% of the country’s population is unemployed. The total number of unemployed in the Netherlands is 717,547. The Netherlands exports about US$576.9 billion and imports about US$511 billion each year. The country’s Gini index is 25.1. The Netherlands has a Human Development Index (HDI) of 0.915. The Global Peace Index (GPI) for the Netherlands is 1.432. The Netherlands is considered a developed nation. A nation’s level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. The country’s main industries are agro-industry, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics and fisheries.
The total gross domestic product (GDP) valued as purchasing power parity (PPP) in the Netherlands is US$808.796 billion. Every year, consumers spend around $384,478 million. The ratio of consumer spending to GDP in the Netherlands is 0% and the ratio of consumer spending to world consumer market is 0.89. Corporation tax in the Netherlands is 20%. Personal income tax ranges from 36.25% to 52% depending on your specific situation and income level. VAT in the Netherlands is 21%.