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The economy of the Netherlands is, according to Forbes, the 15th largest in the world as of 2022 in terms of gross domestic product (GDP). Its GDP per capita 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...)