Netherlands - Economic Forecasts - 2018-2020 Outlook

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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60 0.5 0.4 0.5 0.5 0.6 percent
Unemployment Rate 3.90 3.8 4.2 4.4 4.5 5.1 percent
Inflation Rate 1.70 1.8 2.1 2 2.3 2.3 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade 5030.00 6050 4520 6700 7100 5050 EUR Million
Government Debt to GDP 56.70 54.4 54.4 51.1 51.1 48 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.17
 1.14 1.13 1.11 1.09 1.02
Stock Market 559.48
points		 535 520 506 493 441
Government Bond 10Y 0.46
percent		 0.54 0.64 0.76 0.91 1.82
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60
percent		 0.5 0.4 0.5 0.5 0.6
GDP Annual Growth Rate 2.80
percent		 2.9 2.7 2.8 2.6 2.3
GDP 826.20
USD Billion		 851 851 875 875 888
GDP Constant Prices 176317.10
EUR Million		 176661 180125 181254 177942 188874
Gross National Product 178247.47
EUR Million		 171858 183478 183238 176067 192390
Gross Fixed Capital Formation 38741.00
EUR Million		 38313 38884 39826 37881 40773
GDP per capita 53597.83
USD		 53800 53800 54200 54200 54700
GDP per capita PPP 48472.54
USD		 48900 48900 49500 49500 50100
GDP From Agriculture 2578.00
EUR Million		 3306 3541 2650 2244 3713
GDP From Construction 9707.10
EUR Million		 7553 8713 9979 9645 9136
GDP From Manufacturing 19274.00
EUR Million		 18725 19903 19814 18983 20870
GDP From Mining 3334.55
EUR Million		 1386 3131 3428 1638 3283
GDP From Public Administration 10554.00
EUR Million		 10651 11535 10850 12054 12096
GDP From Services 31189.68
EUR Million		 34011 35141 32063 34097 36847
GDP From Transport 7633.00
EUR Million		 7597 8034 7847 7511 8424
GDP From Utilities 1043.00
EUR Million		 1072 1048 1072 1011 1098
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.90
percent		 3.8 4.2 4.4 4.5 5.1
Employed Persons 8747.00
Thousand 		8751 8751 8751 8751 8751
Unemployed Persons 352.00
Thousand		 335 324 315 308 277
Long Term Unemployment Rate 1.70
percent		 1.34 1.33 1.32 1.18 0.65
Youth Unemployment Rate 6.90
percent		 6.66 6.55 6.47 6.42 6.3
Productivity 32.80
Index Points		 32.8 32.8 32.79 32.79 32.78
Labour Costs 101.90
Index Points		 103 104 104 104 104
Job Vacancies 237.80
Thousand 		249 254 266 275 291
Minimum Wages 1578.00
EUR/Month		 1590 1590 1614 1601 1626
Wage Growth 1.74
percent		 1.73 1.73 1.73 1.74 1.74
Wages in Manufacturing 113.60
Index Points		 114 114 114 115 120
Population 17.12
Million		 17.12 17.12 17.18 17.18 17.26
Retirement Age Women 66.00
 66 66 66.25 66 66.5
Retirement Age Men 66.00
 66 66 66.25 66 66.5
Labor Force Participation Rate 63.90
percent		 63.92 63.95 63.91 63.96 63.95
Living Wage Family 1450.00
EUR/Month		 1460 1460 1560 1460 1560
Living Wage Individual 1080.00
EUR/Month		 1077 1075 1075 1075 1075
Part Time Employment 4225.60
Thousand		 4251 4276 4266 4288 4305
Wages Low Skilled 1670.00
EUR/Month		 1690 1690 1690 1620 1750
Wages High Skilled 2940.00
EUR/Month		 3000 3000 3000 2847 3050
Employment Change 0.80
percent		 0.8 0.8 0.79 0.8 0.8
Employment Rate 76.20
percent		 76.97 76.95 76.87 77.13 77.75
Full Time Employment 4207.70
Thousand		 4287 4259 4251 4286 4305
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.70
percent		 1.8 2.1 2 2.3 2.3
Harmonised Consumer Prices 102.85
Index Points		 104 104 104 105 108
Consumer Price Index CPI 103.10
Index Points		 104 104 105 105 109
Core Consumer Prices 102.60
Index Points		 103 103 104 104 106
Core Inflation Rate 1.20
percent		 1.21 1.18 1.21 1.18 1.19
GDP Deflator 107.17
Index Points		 108 108 108 109 110
Producer Prices 105.40
Index Points		 106 108 105 107 112
Export Prices 104.20
Index Points		 104 104 104 104 104
Import Prices 102.40
Index Points		 102 102 102 102 102
Inflation Rate Mom -0.30
percent		 0.23 0.08 0.12 0.12 0.11
Producer Prices Change 3.33
percent		 1.1 1.5 1.6 1.8 2.1
CPI Housing Utilities 104.05
Index Points		 105 105 106 106 110
CPI Transportation 105.27
Index Points		 103 105 104 108 109
Food Inflation -0.10
percent		 -0.29 -0.27 -0.27 -0.28 -0.28
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.00
percent		 0 0 0 0.25 0.75
Interbank Rate -0.32
percent		 -0.32 -0.32 -0.32 -0.32 0.43
Money Supply M0 60469.00
EUR Million		 61140 61647 62142 62625 66908
Money Supply M1 411278.00
EUR Million		 411797 410622 411690 410671 410884
Money Supply M2 862826.00
EUR Million		 864228 859371 864363 859538 860089
Money Supply M3 897046.00
EUR Million		 895731 895828 895855 895848 895846
Banks Balance Sheet 2476987.00
EUR Million		 2476985 2466871 2478212 2467126 2467418
Foreign Exchange Reserves 31669.00
EUR Million		 31480 31316 31203 31103 30725
Loans to Private Sector 318454.00
EUR Million		 318276 317994 318144 318066 318092
Private Debt to GDP 251.10
percent		 245 245 241 241 236
Central Bank Balance Sheet 390769.00
EUR Million		 409456 413487 415470 416485 417404
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 5030.00
EUR Million		 6050 4520 6700 7100 5050
Exports 41703.00
EUR Million		 42700 43200 45100 44500 46800
Imports 36675.00
EUR Million		 36650 38680 38400 37400 41750
Current Account 21821.00
EUR Million		 19100 22600 26900 19981 25100
Current Account to GDP 10.20
percent		 7.4 7.4 6.9 6.9 6.5
External Debt 3829562.00
EUR Million		 3893160 3875484 3909286 3890509 3901659
Terms of Trade 101.80
Index Points		 102 102 102 102 102
Capital Flows 14581.60
EUR Million		 10394 12773 14312 14449 13564
Remittances 58.30
EUR Million		 57.49 58.2 57.74 57.97 57.91
Gold Reserves 612.50
Tonnes		 612 612 613 613 613
Terrorism Index 2.41
 2.41 2.67 2.58 2.49 0.7
Weapons Sales 1167.00
USD Million		 842 873 860 846 634
Crude Oil Production 19.00
BBL/D/1K		 19.69 19.77 19.76 19.76 19.76
Foreign Direct Investment 59966.00
EUR Million		 50837 50026 49768 49452 49019
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 56.70
percent		 54.4 54.4 51.1 51.1 48
Government Budget 1.10
percent of GDP		 1.2 1.2 1.5 1.5 1.7
Government Spending 42382.00
EUR Million		 42807 43468 43569 43181 45579
Government Spending to GDP 42.60
percent		 42.2 42.2 42 42 41.9
Government Revenues 46.60
USD Billion		 49.74 47.31 54.15 52.46 48.96
Government Debt 406475.00
EUR Million		 404713 404585 404501 404361 404277
Fiscal Expenditure 45.60
EUR Billion		 45.54 47.06 44.21 49.45 47.28
Military Expenditure 9780.20
USD Million		 10067 10215 10315 10415 10474
Asylum Applications 1400.00
persons		 1423 1423 1423 1423 1423
Government Budget Value 1.00
EUR Billion		 4.2 0.39 9.94 3.01 1.68
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 7.70
Index Points		 8.8 7.7 6.9 6.5 2
Industrial Production 1.80
percent		 2.33 2.39 2.36 2.35 2.33
Industrial Production Mom 1.60
percent		 -0.07 0.07 0.07 0.07 0.07
Manufacturing Production 3.20
percent		 4.7 4.4 3.8 3.6 2
Capacity Utilization 83.60
percent		 83.53 83.48 83.51 83.54 83.52
Changes in Inventories 231.00
EUR Million		 439 357 258 221 234
Bankruptcies 309.00
Companies		 351 326 357 328 328
Car Registrations 36952.00
 37339 37869 38328 38211 38192
Internet Speed 17387.85
KBps		 17541 17577 17537 17585 17610
IP Addresses 9382252.00
IP		 9392728 9345369 9387835 9350982 9363971
Manufacturing Pmi 60.10
 59 58 57.4 56.9 55
Mining Production -24.00
percent		 -18.15 -14.44 -15.24 -14.52 -14.86
Steel Production 624.30
Thousand Tonnes		 586 580 578 578 577
Competitiveness Index 5.66
Points		 5.56 5.56 5.61 5.63 5.55
Competitiveness Rank 4.00
 5 5 5 5 6
Ease of Doing Business 32.00
 31 31 31 31 27
Electricity Production 9301.00
Gigawatt-hour		 9095 10146 9643 9093 9511
Corruption Index 82.00
Points		 81 81 82 83 83
Corruption Rank 8.00
 9 10 9 9 7
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 23.00
Index Points		 23 20 18 16 10
Retail Sales MoM -1.20
percent		 0.22 1.1 0.23 0.23 1.2
Retail Sales YoY 3.40
percent		 3.4 4 3.8 3.4 2.5
Consumer Spending 74980.00
EUR Million		 74760 75718 77079 75145 79396
Disposable Personal Income 317354.00
EUR Million		 321667 323678 325461 327245 341772
Personal Savings 7.51
percent		 11.19 12.09 11.74 11.88 11.84
Private Sector Credit 1057592.00
EUR Million		 1052424 1042165 1044884 1048795 1037236
Bank Lending Rate 1.08
percent		 1.08 1.08 1.08 1.08 1.83
Personal Spending 3.00
percent		 3.11 1.1 3.11 3.11 1
Consumer Credit 16353.00
EUR Million		 15950 15799 15661 15527 14689
Gasoline Prices 2.02
USD/Liter		 1.91 1.81 1.71 1.61 0.9
Households Debt To Gdp 105.00
percent of GDP		 103 103 102 102 98.96
Households Debt To Income 208.93
percent		 206 205 204 203 194
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Construction Output 2.80
percent		 3.04 2.59 2.22 1.93 0.99
Housing Index 121.70
Index points		 124 126 128 129 136
Building Permits 4032.00
 5435 5374 5384 5386 5386
Home Ownership Rate 69.00
percent		 68.83 69.1 68.98 68.86 66.82
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 47 47 47
Social Security Rate For Companies 18.69
percent		 18.5 18.5 18.48 18.47 18.53
Social Security Rate For Employees 27.65
percent		 28.11 28.11 28.04 28.01 28.16
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 18.32
celsius		 16.33 6.44 3.23 11.79 9.74