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Netherlands
Chamber of Commerce Country Factsheet Last update: 04.09.2017

Your advisors at the Chamber of Commerce

  • Niels Dickens
    +352423939371
  • Steven Koener
    +352423939379
Contact us: europe@cc.lu

Key Indicators

Area
41,543 km2
Population
17,084,719 (July 2017 est.)
Government type
constitutional monarchy
Languages
Dutch (official), Frisian (official)
GDP
$794.3 billion (2017 est.)
Growth rate
1.9% (2017 est.)
HDI
7
Capital
Amsterdam

 

Introduction

The Dutch United Provinces declared their independence from Spain in 1579; during the 17th century, they became a leading seafaring and commercial power, with settlements and colonies around the world. After a 20-year French occupation, a Kingdom of the Netherlands was formed in 1815. In 1830 Belgium seceded and formed a separate kingdom. The Netherlands remained neutral in World War I, but suffered invasion and occupation by Germany in World War II. A modern, industrialized nation, the Netherlands is also a large exporter of agricultural products. The country was a founding member of NATO and the EEC (now the EU), and participated in the introduction of the euro in 1999. In October 2010, the former Netherlands Antilles was dissolved and the three smallest islands - Bonaire, Sint Eustatius, and Saba - became special municipalities in the Netherlands administrative structure. The larger islands of Sint Maarten and Curacao joined the Netherlands and Aruba as constituent countries forming the Kingdom of the Netherlands.

Source: The CIA World Factbook - Netherlands

 

Macroeconomic indicators

Economic growth is projected to remain sound, at around 2%, and broad-based. Private consumption will benefit from fiscal stimulus in 2016 and improving labour market conditions. The strengthening of the housing market and brighter business prospects continue to support investment. Inflation is projected to increase somewhat, but to remain low. The current account surplus will fall further on the back of lower gas exports and firming domestic demand, albeit from a high level.

Public finances are healthy. However, the tax system can be made more efficient, equitable and environmentally-friendly, and efforts for a broad reform should be revived. Further easing the employment protection provided by permanent contracts would reduce labour market duality. Ensuring that the self-employed are sufficiently insured against disability and have adequate pension savings would avoid the risk of future public spending pressures.

Raising productivity, which has been weak since the onset of the crisis, is essential to keep GDP growth on a sustainable and inclusive footing. To this end, more private sector investment in innovation and business capital is needed. Continuing to improve skills, particularly of immigrants and the long-term unemployed, and better matching of skills to jobs would also raise productivity and help to ensure that everyone benefits from higher growth.

Source: OECD - Economic Forecast

IMF Statistics:

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
1.4211.9511.6911.6101.816
Gross domestic product, current prices
U.S. dollars (Billions)
881.033750.696769.930799.847828.468
Gross domestic product per capita, current prices
U.S. dollars (Units)
52,240.30044,322.82645,210.24346,828.80348,402.002
Inflation, average consumer prices
Percent change
0.3180.2170.1030.8671.127
Volume of imports of goods and services
Percent change
4.1645.7463.0973.4063.400
Volume of exports of goods and services
Percent change
4.3844.9572.4312.3362.606
Unemployment rate
Percent of total labor force
7.4346.8916.7006.5006.100
Current account balance
U.S. dollars (Billions)
78.16664.41769.81665.46664.793
Current account balance
Percent of GDP
8.8728.5819.0688.1857.821
Colored cells are estimates
 

Source: IMF Statistics - Netherlands

 

Luxembourg and the country

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 8.5.1968 (Memorial 1969, A, p. 754)
  • Effective as of 10.20.1969 (Memorial 1969, A, p.1376)
  • Additional Protocol from 16.10.1990 (Memorial 1992, A,p. 1900
  • Effective as of 09.27.1992 (Memorial 1992, A, p.2264)
  • Protocol amending the Convention and Exchange of letters from 05.29.2009
  • Act from 31.03.2010 (Memorial 2010, A, no. 51, p. 830)
  • Effective as of 07.01.2010 (Memorial 2010, A, no. 38,p. 510)

Air Services agreement

  • Exchange of Notes from 14.4. and 06.23.1948 (Memorial 1951, p. 1186)
  • Effective as of 08.24.1951

Source: Administration des contributions directes

 

Further information

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Netherlands

Embassy of the Grand Duchy of Luxembourg in Netherlands

Ambassador: H.E.Mr Jean-Marc HOSCHEIT
Nassaulaan 8
NL-2514 JS LA HAYE
Phone: +31 70 360 75 16
Fax: +31 70 346 20 00
E-mail: lahaye.amb(at)mae.etat.lu
Web site: http://lahaye.mae.lu/fr


Economic and 
Commercial Attaché (AWEX): 

Mr Rodrigo DOS SANTOS
Lange Voorhout, 86
NL-2514 EJ Den Haag
Phone: +31 70 365 50 19
Fax: +31 70 361 51 24
E-mail: lahaye(at)awex-wallonia.com 


Honorary Consuls

Honorary Consul General with jurisdiction in Provinces of North Holland, Friesland, Groningen, Drenthe and Flevoland:

Mr Paulus W.L. RUSSELL
Reimersbeek 2
Nl-1082 AG Amsterdam
Phone: +31 20 301 55 55
Fax: +31 20 301 56 78
E-mail: luxemburg(at)russell.nl 

Honorary Consul with jurisdiction in the province of Limburg:

Mr Fernand JADOUL
Achter de Comedie 8
NL-6211 GZ Maastricht
Phone: +31 043 3501490
Fax.: +31 043 3218035
E-Mail: info(at)consul.lux-FJadoul.nl

Honorary Consul with jurisdiction in the provinces of South Holland, of Zeeland and North Brabant:

Mr Tjeerd Sjouke Magthiel SCHIPPER
Coolsingel93
NL-3012 AE Rotterdam
Phone: +31 10 401 61 36
Fax: +31 10 401 59 09
E-mail: tjeerdschipper(at)gmail.com 

Source: Ministry of Foreign Affairs of Luxembourg                      Source: www.awex.be


Country risk as defined by Office du Ducroire for Netherlands

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk for Netherlands

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