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.

Overview	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
GDP Growth Rate	0.20	0.4	0.4	0.5	0.4	0.6	percent
Unemployment Rate	3.70	4.2	4.4	4.5	4.6	5.1	percent
Inflation Rate	2.10	1.7	1.9	2	2.1	2.3	percent
Interest Rate	0.00	0	0	0	0.25	0.75	percent
Balance of Trade	4949.00	4520	6700	7100	4528	5050	EUR Million
Government Debt to GDP	56.70	54.4	51.1	51.1	51.1	48	percent


MARKETS	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Currency	1.14	1.15	1.14	1.13	1.13	1.1
Stock Market	522.43 points	548	543	538	533	513
Government Bond 10Y	0.51 percent	0.63	0.68	0.72	0.77	0.98

GDP	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
GDP Growth Rate	0.20 percent	0.4	0.4	0.5	0.4	0.6
GDP Annual Growth Rate	2.40 percent	2.7	2.8	2.6	2.6	2.3
GDP	826.20 USD Billion	851	875	875	875	888
GDP Constant Prices	186378.00 EUR Million	188688	189862	190852	191224	197853
Gross National Product	180625.43 EUR Million	188041	181506	185322	185322	197175
Gross Fixed Capital Formation	39123.00 EUR Million	39008	40071	40450	40140	40902
GDP per capita	53597.83 USD	53800	54200	54200	54200	54700
GDP per capita PPP	48472.54 USD	48900	49500	49500	49500	50100
GDP From Agriculture	3214.00 EUR Million	3273	3295	2515	3298	3432
GDP From Construction	7366.91 EUR Million	7793	8432	9026	7558	8171
GDP From Manufacturing	19796.00 EUR Million	21570	20551	21475	20311	22618
GDP From Mining	1973.37 EUR Million	2416	2368	2194	2025	2534
GDP From Public Administration	12100.00 EUR Million	12465	10850	12415	12415	13070
GDP From Services	34595.25 EUR Million	35006	34016	36460	35495	36706
GDP From Transport	8149.00 EUR Million	8315	7847	8361	8361	8718
GDP From Utilities	1025.00 EUR Million	1153	1036	1105	1052	1209

LABOUR	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Unemployment Rate	3.70 percent	4.2	4.4	4.5	4.6	5.1
Employed Persons	8836.00 Thousand	8840	8841	8841	8841	8841
Unemployed Persons	337.00 Thousand	328	317	309	301	272
Long Term Unemployment Rate	1.60 percent	1.42	1.38	1.35	1.27	0.98
Youth Unemployment Rate	7.20 percent	7.05	6.84	6.7	6.6	6.4
Productivity	33.88 Index Points	33.93	33.97	34.01	34.06	34.39
Labour Costs	115.30 Index Points	115	106	115	106	115
Job Vacancies	258.30 Thousand	262	273	288	286	310
Minimum Wages	1594.20 EUR/Month	1594	1614	1614	1614	1626
Wage Growth	2.27 percent	2.31	2.4	2.46	2.49	2.55
Wages in Manufacturing	114.60 Index Points	114	114	116	116	120
Population	17.12 Million	17.12	17.18	17.18	17.18	17.26
Retirement Age Women	66.00	66	66.25	66	66	66.5
Retirement Age Men	66.00	66	66.25	66	66	66.5
Labor Force Participation Rate	64.20 percent	64.2	64.18	64.24	64.19	64.25
Living Wage Family	1560.00 EUR/Month	1549	1560	1577	1587	1560
Living Wage Individual	1120.00 EUR/Month	1109	1142	1159	1176	1226
Part Time Employment	4291.90 Thousand	4335	4335	4365	4358	4408
Wages Low Skilled	1760.00 EUR/Month	1690	1690	1786	1798	1750
Wages High Skilled	2920.00 EUR/Month	3000	3000	2916	2912	3050
Employment Change	0.50 percent	0.58	0.54	0.6	0.57	0.57
Employment Rate	77.00 percent	77.45	77.38	77.92	78.24	78.94
Full Time Employment	4226.40 Thousand	4230	4220	4237	4251	4244

PRICES	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Inflation Rate	2.10 percent	1.7	1.9	2	2.1	2.3
Harmonised Consumer Prices	103.89 Index Points	103	104	105	106	107
Consumer Price Index CPI	104.32 Index Points	104	104	105	106	108
Core Consumer Prices	103.85 Index Points	103	104	104	105	107
Core Inflation Rate	1.50 percent	1.47	1.5	1.47	1.5	1.49
GDP Deflator	104.01 Index Points	104	105	105	105	106
Producer Prices	106.70 Index Points	108	106	108	109	113
Export Prices	103.70 Index Points	104	104	104	104	104
Import Prices	103.20 Index Points	103	103	103	103	103
Inflation Rate Mom	0.40 percent	0.21	0.1	0.14	0.11	0.12
Producer Prices Change	4.61 percent	2	2.1	2.2	2.1	2.1
CPI Housing Utilities	106.42 Index Points	105	106	106	109	109
CPI Transportation	106.38 Index Points	104	104	107	108	109
Food Inflation	0.50 percent	1.1	1.5	1.7	1.7	1.9

MONEY	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Interest Rate	0.00 percent	0	0	0	0.25	0.75
Interbank Rate	-0.32 percent	-0.32	-0.32	-0.32	-0.07	0.43
Money Supply M0	62018.00 EUR Million	62667	63284	63889	64482	69347
Money Supply M1	400006.00 EUR Million	397588	399661	397586	399645	397661
Money Supply M2	849521.00 EUR Million	843242	847780	843111	847611	843657
Money Supply M3	878758.00 EUR Million	877375	877229	877205	877203	877203
Banks Balance Sheet	2413861.00 EUR Million	2403332	2415653	2404162	2415791	2404504
Foreign Exchange Reserves	32168.00 EUR Million	31859	31782	31769	31770	31758
Loans to Private Sector	315154.00 EUR Million	314148	315511	314427	315351	314836
Private Debt to GDP	308.20 percent	295	287	287	287	274
Central Bank Balance Sheet	388470.00 EUR Million	387601	389499	390252	390659	391097

TRADE	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Balance of Trade	4949.00 EUR Million	4520	6700	7100	4528	5050
Exports	41316.00 EUR Million	43200	45100	44500	41032	46800
Imports	36367.00 EUR Million	38680	38400	37400	36504	41750
Current Account	16769.50 EUR Million	22600	26900	19500	21500	25100
Current Account to GDP	10.20 percent	9.4	9	9	9	8.5
External Debt	4050746.00 EUR Million	4089486	4134685	4123263	4155736	4174322
Terms of Trade	100.50 Index Points	101	101	101	101	101
Capital Flows	16859.80 EUR Million	19157	21092	20456	17572	19059
Remittances	38.10 EUR Million	37.83	38.62	38.01	38.46	38.22
Gold Reserves	612.50 Tonnes	612	613	613	613	613
Terrorism Index	2.41	2.41	2.41	2.41	2.41	2.41
Weapons Sales	1167.00 USD Million	873	860	846	833	634
Crude Oil Production	15.00 BBL/D/1K	16.34	16.36	16.37	16.36	16.37
Foreign Direct Investment	-24697.00 EUR Million	32244	42774	46350	46422	48099

GOVERNMENT	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Government Debt to GDP	56.70 percent	54.4	51.1	51.1	51.1	48
Government Budget	1.10 percent of GDP	1.2	1.5	1.5	1.5	1.7
Government Spending	44573.00 EUR Million	45567	45781	45757	45732	47780
Government Spending to GDP	42.60 percent	42.2	42	42	42.6	41.9
Government Revenues	53.90 USD Billion	47.51	55.39	48.12	53.82	48.87
Government Debt	413628.00 EUR Million	414053	414531	414466	414569	414602
Fiscal Expenditure	62.80 EUR Billion	48.25	43.16	47.14	55.98	50.33
Military Expenditure	9780.20 USD Million	10215	10315	10415	10516	10474
Asylum Applications	2030.00 persons	1976	1990	1988	1988	1988
Government Budget Value	-8.90 EUR Billion	-1.61	12.23	0.98	-2.16	-1.46

BUSINESS	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Business Confidence	5.90 Index Points	5.7	6.9	6.5	6.2	2
Industrial Production	-2.10 percent	-0.65	-0.11	0.22	0.41	0.68
Industrial Production Mom	1.30 percent	-0.02	0.05	0.05	0.05	0.05
Manufacturing Production	2.90 percent	4.4	3.8	3.6	2.77	2
Capacity Utilization	84.10 percent	84.73	83.84	83.77	84	83.91
Changes in Inventories	278.00 EUR Million	178	126	441	457	384
Bankruptcies	393.00 Companies	316	359	333	364	335
Car Registrations	30079.00	33493	34461	33823	33687	33790
Internet Speed	17387.85 KBps	17577	17537	17585	17584	17610
IP Addresses	9382252.00 IP	9345369	9387835	9350982	9382908	9363971
Manufacturing Pmi	57.10	58	57.4	56.9	57.07	55
Mining Production	-58.40 percent	-52.13	-53.31	-53.92	-53.66	-53.68
Steel Production	445.94 Thousand Tonnes	528	550	558	561	563
Competitiveness Index	82.38 Points	82.88	82.88	82.88	82.88	85.38
Competitiveness Rank	6.00	6	6	6	6	6
Ease of Doing Business	36.00	32	34	35	36	35
Electricity Production	8137.00 Gigawatt-hour	9279	9905	9344	9048	9361
Corruption Index	82.00 Points	82	82	82	82	82
Corruption Rank	8.00	8	8	8	8	8

CONSUMER	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Consumer Confidence	15.00 Index Points	20	18	16	11.57	10
Retail Sales MoM	-5.70 percent	1.1	2.77	-0.02	0.65	1.2
Retail Sales YoY	1.70 percent	4	3.8	3.4	2.38	2.5
Consumer Spending	82352.00 EUR Million	82858	84139	84195	84493	86883
Disposable Personal Income	331011.00 EUR Million	335718	337405	339091	340778	352618
Personal Savings	24.60 percent	13.93	11.1	12.23	11.78	11.91
Private Sector Credit	1041162.00 EUR Million	1033563	1037161	1036840	1033767	1015606
Bank Lending Rate	0.93 percent	1	1	1	1.25	1.75
Personal Spending	2.20 percent	1.1	2.39	2.39	2.39	1
Consumer Credit	15948.00 EUR Million	15782	15595	15412	15258	14333
Gasoline Prices	1.98 USD/Liter	1.95	1.91	1.88	1.84	1.71
Households Debt To GDP	104.30 percent of GDP	102	102	101	100	97.21
Households Debt To Income	208.93 percent	205	204	203	202	194

HOUSING	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Construction Output	7.90 percent	5.68	4.72	3.98	3.38	1.36
Housing Index	125.70 Index points	126	128	129	136	136
Building Permits	6482.00	5635	5547	5545	5538	5538
Home Ownership Rate	69.40 percent	69.43	69.42	69.42	69.42	69.42

TAXES	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Corporate Tax Rate	25.00 percent	25	25	25	25	25
Personal Income Tax Rate	52.00 percent	52	52	52	52	52
Sales Tax Rate	21.00 percent	21	21	21	21	21
Social Security Rate	46.34 percent	46.34	46.34	46.34	46.34	46.34
Social Security Rate For Companies	18.69 percent	18.69	18.69	18.69	18.69	18.69
Social Security Rate For Employees	27.65 percent	27.65	27.65	27.65	27.65	27.65

CLIMATE	Actual	Q4/18	Q1/19	Q2/19	Q3/19	2020
Temperature	18.32 celsius	6.44	3.23	11.79	10.89	9.74

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Netherlands - Economic Forecasts - 2018-2020 Outlook

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