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The economy of the Netherlands is the 18th largest in the world in 2021 (in terms of Gross domestic product; GDP) according to the World Bank and the International Monetary Fund. Its GDP per capita at purchasing power parity was estimated at $72,973 in the fiscal year 2023, which makes it one of the highest-earning nations in the world.
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The Netherlands has had steady natural gas resources since 1959, when a wellspring was discovered. Currently the Netherlands accounts for more than 25% of all natural gas reserves in the European Union. Over the following decades, the sale of natural gas generated a significant rise in revenue for the Netherlands. However, the unforeseen consequences of the country's energy wealth originally impacted the competitiveness of other sectors of the economy, leading to the theory of Dutch disease, after the discovery of the vast Groningen gas field. (Full article...)