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



Netherlands - Economic Forecasts - 2018-2020 Outlook