Markets Actual Q4 Q1 Q2 Q3 2021
Currency 1.17 1.17 1.16 1.16 1.15 1.15
Stock Market (points) 568.75 552 541 530 520 499
Government Bond 10Y (%) -0.51 0.05 0.11 0.17 0.24 0.37

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.50 3.2 2.2 0.9 0.8 0.6
GDP Annual Growth Rate (%) -9.40 -3.4 -1.2 9.5 4.9 3.2
Unemployment Rate (%) 4.40 5.9 6.5 6.2 5.6 5.1
Inflation Rate (%) 1.10 0.4 0.6 0.8 1.2 1.5
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 3842.00 5050 4050 2650 4850 3950
Current Account (EUR Million) 12624.00 22100 19100 15100 12100 19500
Current Account to GDP (%) 10.20 9 7.8 7.8 7.8 7.8
Government Debt to GDP (%) 48.60 63 58 58 58 58
Government Budget (% of GDP) 1.70 -7.2 -4.2 -4.2 -4.2 -4.2
Business Confidence (points) -4.80 -5.2 -8 -6 -4.4 -6
Consumer Confidence (points) -28.00 -14 -18 -14 -10 -12
Corporate Tax Rate (%) 25.00 25 21.7 21.7 21.7 21.7
Personal Income Tax Rate (%) 49.50 52 49.5 49.5 49.5 52

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.50 3.2 2.2 0.9 0.8 0.6
GDP Annual Growth Rate (%) -9.40 -3.4 -1.2 9.5 4.9 3.2
GDP (USD Billion) 909.07 805 865 865 865 865
GDP Constant Prices (EUR Million) 171076.70 193497 183437 184810 187329 197174
Gross National Product (EUR Million) 168097.40 196033 188265 179985 184067 199757
Gross Fixed Capital Formation (EUR Million) 35592.00 41094 38980 40122 38973 41875
GDP per capita (USD) 55690.00 52900 53800 53800 53800 53800
GDP per capita PPP (USD) 57141.40 55100 56200 56200 56200 56200
GDP From Agriculture (EUR Million) 2571.00 3141 3069 3182 2815 3201
GDP From Construction (EUR Million) 8808.97 8396 7776 9320 9646 8555
GDP From Manufacturing (EUR Million) 19539.00 22154 21389 20403 21395 22575
GDP From Mining (EUR Million) 1515.77 2054 1528 1622 1660 2093
GDP From Public Administration (EUR Million) 12554.00 12757 12159 10791 13747 12999
GDP From Services (EUR Million) 30063.36 36225 34347 32681 32919 36913
GDP From Transport (EUR Million) 6008.00 8553 7822 7271 6579 8716
GDP From Utilities (EUR Million) 1120.00 1163 1171 1095 1226 1185

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 4.40 5.9 6.5 6.2 5.6 5.1
Labour Costs (points) 131.00 114 109 108 133 117
Minimum Wages (EUR/Month) 1680.00 1680 1695 1695 1706 1706
Wage Growth (%) 3.04 1.5 1 1.2 1.4 1.6
Wages in Manufacturing (points) 122.30 121 120 122 122 124
Population (Million) 17.28 17.34 17.42 17.42 17.42 17.42
Retirement Age Women 66.67 66.67 67 67 67 67
Retirement Age Men 66.67 66.67 67 67 67 67
Labor Force Participation Rate (%) 71.30 68.2 67.7 68.5 69.5 70.5

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 1.10 0.4 0.6 0.8 1.2 1.5
Harmonised Consumer Prices (points) 107.19 108 107 107 108 110
Consumer Price Index CPI (points) 107.88 109 107 107 108 111
Core Consumer Prices (points) 107.54 107 107 107 108 109
Core Inflation Rate (%) 1.70 0.6 0.8 1.1 1.4 1.5
Producer Prices (points) 101.50 108 104 102 102 110
Inflation Rate Mom (%) -0.20 0.3 0.2 0.3 0.3 0.2
Producer Prices Change (%) -3.70 -2 -0.4 0.6 1.2 1.5
CPI Housing Utilities (points) 110.73 111 110 109 109 114
CPI Transportation (points) 105.17 108 108 108 109 110
Food Inflation (%) 1.20 0.6 1 1.2 1.4 1.6

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.33 -0.06 -0.33 -0.33 -0.33 0.44
Private Debt to GDP (%) 298.60 306 308 308 308 308

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (EUR Million) 3842.00 5050 4050 2650 4850 3950
Current Account (EUR Million) 12624.00 22100 19100 15100 12100 19500
Current Account to GDP (%) 10.20 9 7.8 7.8 7.8 7.8
Imports (EUR Million) 32209.00 34750 36750 34850 34600 38750
Exports (EUR Million) 36051.00 38800 39400 39700 40200 42700

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 48.60 63 58 58 58 58
Government Budget (% of GDP) 1.70 -7.2 -4.2 -4.2 -4.2 -4.2
Government Spending (EUR Million) 43716.00 48500 50100 49100 48200 47500
Government Spending to GDP (%) 41.90 48 46 46 46 46
Government Revenues (USD Billion) 31.10 42.5 58.9 34.6 49.1 51
Fiscal Expenditure (EUR Billion) 55.30 59.4 60.3 52.5 52.9 54
Government Budget Value (EUR Billion) -24.10 1.5 -16.9 -1.4 -17.9 1.5

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 25.00 25 21.7 21.7 21.7 21.7
Personal Income Tax Rate (%) 49.50 52 49.5 49.5 49.5 52
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 50.84 46.34 50.84 50.84 50.84 46.34
Social Security Rate For Companies (%) 23.19 18.69 23.19 23.19 23.19 18.69
Social Security Rate For Employees (%) 27.65 27.65 27.65 27.65 27.65 27.65

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) -4.80 -5.2 -8 -6 -4.4 -6
Manufacturing Production (%) -4.00 -2 2.2 6.5 2.8 5.8
Manufacturing Pmi (points) 52.50 49.2 51 54 53.4 53

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -28.00 -14 -18 -14 -10 -12
Retail Sales YoY (%) 10.20 -2.8 2.6 -4.3 2.8 6.2
Consumer Spending (EUR Million) 72427.00 85135 80994 80702 79308 86753
Disposable Personal Income (EUR Million) 360878.00 358141 348608 356547 395161 364946
Bank Lending Rate (%) 0.40 1.14 0.41 0.41 0.41 1.64
Personal Spending (%) -6.20 -2.3 4.5 6.2 2.9 5.7
Consumer Credit (EUR Million) 14990.00 16534 14480 14810 16414 16848
Gasoline Prices (USD/Liter) 1.92 1.73 1.77 1.68 1.6 1.64

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 143.40 132 136 139 141 143


This page has economic forecasts for Netherlands including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Netherlands economy.