5 Largest Economies in Europe

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In this article, we discuss the 5 largest economies in Europe. If you want to read about some more largest economies in Europe, go directly to 10 Largest Economies in Europe.

5. Netherlands

5Y avg GDP (2017-2021): $917.996 billion

5Y avg GDP growth rate (2017-2021): 1.7%

High-skilled immigrants who do not need a long-term visa (MVV) may now begin working in the Netherlands even if their residence permit is not yet available. This was announced by Dutch Immigration and Naturalization Service (IND) in August 2022. This new rule, though very short term, has allowed a new wave of skilled labor force to move into the country. It was enforced from June 22, 2022, to January 22, 2023.

In the IMD World Talent Ranking, the Netherlands continues to hold ninth place from the previous year. It moved up by two spots in Appeal to third and one slot to 16th in Investment & Development. The Netherlands saw a rise in FDI of 24.0 USD billion in September 2022 as opposed to 23.2 USD billion in the previous quarter. By market value, ASML was the largest corporation as of November 15, 2022. At that time, ASML had a market value of nearly 229.5 billion dollars, while Prosus was close behind with a market capitalization of roughly 118.8 billion dollars.

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