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Economy and Banking Sector of the Netherlands

Netherlands
Location
Western Europe
EU Status
member since 1952

The Netherlands is a founding member of the European Union located in Northern Europe.

Currency
EUR (Euro)
Population  (2017)
17 081 507  (+0.01%)
Nominal GDP (2017)
731.3 bln EUR  (+0.05%)
Credit Ratings (as of May 2018)
AAA/Aaa

Economy of the Netherlands is very diversified with the main sectors ranging from a highly mechanised agricultural sector and fishing to metal and engineering products, electronic machinery and equipment, chemicals, petroleum, construction, and microelectronics. Due to the strategic geographic location of the Netherlands, other important parts of the economy are those gaining agvantages from the Netherlands' location: international trade, banking and transport.

Withholding tax rates in the Netherlands are 0.0-15.0 %. the Netherlands signed 96 double taxation agreements.
Netherlands signed the automatic information exchange agreement on 29 October 2014 and committed to start the automatic information exchange in September 2017.
Netherlands has FATCA agreement with the U.S. in effect since 18 December 2013 (Intergovernmental Agreement Model 1).

Number of Banks
98
Consolidated Banking Assets (2017)
2 462.93 bln EUR  (-2.77%)
Deposit Guarantee
100 000 EUR

The Netherlands has a favourable financial infrastructure with a long tradition in banking, retirement management, pension funds, investments and insurance products. In addition to the major Dutch banks such as ABN AMRO, ING, SNS Bank and Rabobank, the Netherlands houses branches of approximately 50 foreign banks.

See Also