The Netherlands is an industrialised and competitive market with a population of 17 million. Its geographical position makes it an important hub for Europe’s transport. Known for its economic stability, it is one of the most open and outward looking economies in the world. It is the world’s 2nd largest exporter of agricultural products and the Eurozone’s fifth largest economy. A trading nation of old, almost 80% of the country’s economy is based on foreign trade. In 2017, the country moved to fifth place in the IMD world competitiveness rankings.