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 0.70 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 2.30 1.8 2.1 2 2.3 2.3 percent
Interest Rate 0.00 0 0 0 0 0.75 percent
Balance of Trade 4612.00 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 1.18
1.16 1.15 1.15 1.14 1.12
Stock Market 547.53
points
557 552 547 542 523
Government Bond 10Y 0.60
percent
0.53 0.56 0.6 0.63 0.81
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.70
percent
0.5 0.4 0.5 0.5 0.6
GDP Annual Growth Rate 2.90
percent
2.9 2.7 2.8 2.6 2.3
GDP 826.20
USD Billion
851 851 875 875 888
GDP Constant Prices 185995.40
EUR Million
176661 180125 181254 190831 188874
Gross National Product 178247.47
EUR Million
171858 183478 183238 176067 192390
Gross Fixed Capital Formation 39216.00
EUR Million
38313 38884 39826 40236 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 2460.00
EUR Million
3306 3541 2650 2524 3713
GDP From Construction 8799.15
EUR Million
7553 8713 9979 9028 9136
GDP From Manufacturing 20927.00
EUR Million
18725 19903 19814 21471 20870
GDP From Mining 2114.53
EUR Million
1386 3131 3428 2170 3283
GDP From Public Administration 10554.00
EUR Million
10651 11535 10850 12054 12096
GDP From Services 35342.84
EUR Million
34011 35141 32063 36262 36847
GDP From Transport 7633.00
EUR Million
7597 8034 7847 7511 8424
GDP From Utilities 1084.00
EUR Million
1072 1048 1072 1112 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 8807.00
Thousand
8766 8766 8766 8766 8766
Unemployed Persons 353.00
Thousand
347 341 336 331 314
Long Term Unemployment Rate 1.60
percent
1.21 1.18 1.1 0.94 0.22
Youth Unemployment Rate 7.30
percent
7.45 7.65 7.78 7.87 8.07
Productivity 34.10
Index Points
34.17 34.24 34.3 34.36 34.91
Labour Costs 101.90
Index Points
103 104 104 104 104
Job Vacancies 260.60
Thousand
260 264 275 290 314
Minimum Wages 1594.20
EUR/Month
1594 1594 1614 1614 1626
Wage Growth 2.09
percent
2.15 2.26 2.32 2.37 2.44
Wages in Manufacturing 114.50
Index Points
114 114 114 116 120
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 4291.90
Thousand
4298 4335 4335 4365 4408
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 0.50
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 4226.40
Thousand
4249 4230 4220 4237 4244
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.30
percent
1.8 2.1 2 2.3 2.3
Harmonised Consumer Prices 104.37
Index Points
104 104 104 105 108
Consumer Price Index CPI 104.62
Index Points
104 104 105 105 109
Core Consumer Prices 104.24
Index Points
104 104 104 104 107
Core Inflation Rate 1.80
percent
1.8 1.76 1.79 1.77 1.78
GDP Deflator 103.07
Index Points
104 105 104 102 102
Producer Prices 105.90
Index Points
107 108 106 108 113
Export Prices 105.40
Index Points
103 103 103 103 103
Import Prices 103.80
Index Points
103 103 103 103 103
Inflation Rate Mom 0.30
percent
0.11 0.1 0.17 0.09 0.12
Producer Prices Change 4.96
percent
2.5 2 2.1 2.2 2.1
CPI Housing Utilities 106.20
Index Points
105 105 106 106 110
CPI Transportation 107.84
Index Points
103 105 104 108 109
Food Inflation 0.40
percent
0.47 0.57 0.57 0.57 0.57
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.00
percent
0 0 0 0 0.75
Interbank Rate -0.32
percent
-0.32 -0.32 -0.32 -0.32 0.43
Money Supply M0 61690.00
EUR Million
62034 62662 63278 63882 69335
Money Supply M1 400330.00
EUR Million
401029 398775 400690 398760 398831
Money Supply M2 851418.00
EUR Million
852406 846543 851235 846510 847059
Money Supply M3 885410.00
EUR Million
887361 886999 886937 886914 886907
Banks Balance Sheet 2443905.00
EUR Million
2437881 2428377 2441113 2429049 2429371
Foreign Exchange Reserves 30992.00
EUR Million
31052 30820 30654 30502 29920
Loans to Private Sector 317114.00
EUR Million
316318 315308 316751 315594 316025
Private Debt to GDP 251.10
percent
245 245 241 241 236
Central Bank Balance Sheet 348994.00
EUR Million
350709 346970 344857 343991 343307
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 4612.00
EUR Million
6050 4520 6700 7100 5050
Exports 40690.00
EUR Million
42700 43200 45100 44500 46800
Imports 36078.00
EUR Million
36650 38680 38400 37400 41750
Current Account 21821.00
EUR Million
19100 22600 26900 19407 25100
Current Account to GDP 10.20
percent
7.4 7.4 6.9 6.9 6.5
External Debt 4035538.00
EUR Million
4018931 4006943 4042553 4011466 4034073
Terms of Trade 101.50
Index Points
100 101 101 101 101
Capital Flows 25810.00
EUR Million
15226 19751 22189 21573 19286
Remittances 39.10
EUR Million
38.99 38.34 39.1 38.55 38.73
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
19.32 19.4 19.39 19.39 19.39
Foreign Direct Investment 33266.00
EUR Million
44632 47793 48213 48650 49041
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 44610.00
EUR Million
42807 43468 43569 45770 45579
Government Spending to GDP 42.60
percent
42.2 42.2 42 42 41.9
Government Revenues 47.40
USD Billion
49.74 47.31 54.15 52.46 48.96
Government Debt 410892.00
EUR Million
409728 410022 409998 409945 409977
Fiscal Expenditure 51.00
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 2030.00
persons
1423 1423 1423 1423 1423
Government Budget Value -3.60
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 5.90
Index Points
8.1 7.7 6.9 6.5 2
Industrial Production -1.80
percent
-0.73 -0.71 -0.56 -0.5 -0.38
Industrial Production Mom -0.60
percent
0.17 0.04 0.05 0.06 0.06
Manufacturing Production 2.00
percent
4.7 4.4 3.8 3.6 2
Capacity Utilization 84.50
percent
83.53 83.48 83.51 83.54 83.52
Changes in Inventories 278.00
EUR Million
446 363 264 225 238
Bankruptcies 325.00
Companies
351 326 357 328 328
Car Registrations 47117.00
38848 39074 40018 39886 39823
Internet Speed 17387.85
KBps
17541 17577 17537 17585 17610
IP Addresses 9382252.00
IP
9392728 9345369 9387835 9350982 9363971
Manufacturing Pmi 59.10
59 58 57.4 56.9 55
Mining Production -49.30
percent
-39.56 -42.64 -40.05 -40.47 -40.57
Steel Production 589.01
Thousand Tonnes
582 578 577 576 576
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 9151.00
Gigawatt-hour
9115 10120 9655 9131 9524
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 19.00
Index Points
23 20 18 16 10
Retail Sales MoM 0.80
percent
0.44 1.1 0.29 0.29 1.2
Retail Sales YoY 3.80
percent
3.4 4 3.8 3.4 2.5
Consumer Spending 81799.00
EUR Million
74760 75718 77079 83926 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 1046312.00
EUR Million
1040498 1032970 1036704 1036429 1014531
Bank Lending Rate 1.04
percent
1.04 1.04 1.04 1.04 1.79
Personal Spending 2.60
percent
2.58 1.1 2.54 2.54 1
Consumer Credit 16353.00
EUR Million
15950 15799 15661 15527 14689
Gasoline Prices 2.06
USD/Liter
2.1 1.98 1.87 1.77 1.4
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 7.40
percent
7.04 5.96 5 4.22 1.47
Housing Index 123.70
Index points
124 126 128 129 136
Building Permits 6277.00
5656 5461 5471 5467 5466
Home Ownership Rate 69.40
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