The Netherlands has a diverse economy with the service sector contributing more than half of the national income. Financial services have contributed to the country’s DAW Index score of 5 in 2012. The industrial activity is dominated by industries such as machinery, electronics, metalworking, oil refining, chemical, and food-processing. The country has significant natural gas reserves, accounting for more than 25% of all natural gas reserves in the European Union. However, the discovery of natural gas also led to the theory of Dutch disease, which impacted the competitiveness of other sectors of the economy. Agriculture and fishing contribute to just 2% of the country’s GDP.

The machinery, electronics, and metalworking industries, which are some of the important contributions to the pump business, have improved the growth of the economy and the creation of job opportunities.