The Netherlands boasts a robust economy, ranking as the 17th largest in the world. Its total economic output, also known as nominal GDP, reached an impressive $1.013 trillion in 2023. Not only is the Netherlands wealthy as a nation, but the Dutch population is also among the richest in the world, with a GDP per capita of $72,973. However, this wealth can sometimes be deceptive, and there are valid reasons for this notion. The big picture is that Europe's economy has achieved a recovery after the global financial crisis, but it hasn't fully bounced back. Among the European nations, the Dutch economy has experienced the slowest growth. One major factor contributing to this sluggishness is the weakness in consumer spending and household consumption. Moreover, it became the first country to prioritize climate over GDP. This raises the question: can a rich nation be happy if its economy stops growing? Support my research and projects: https://ko-fi.com/econyt Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Econ 👉 https://bit.ly/3qcMwTA ⭑ Enjoyed? Hit the like button! 👍 #economy #dutch #recession #europe Citation: https://pastebin.com/50h1tRBW Maps:© 2020 Microsoft Corporation / Earthstar Geographics SIO by GEOlayers 3 Image: https://commons.wikimedia.org/ Free Vectors https://www.vecteezy.com/ https://www.freepik.com/ Stock Footages: https://www.pexels.com/videos/ https://www.storyblocks.com/ https://www.istockphoto.com/ Music by: Future Glider - Brian Bolger Allégro - Emmit Fenn Anomalous Hedges - The Mini Vandals