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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.50 0.6 0.5 0.4 0.6 0.6 percent
Unemployment Rate 3.90 3.9 3.8 4.2 4.4 5.1 percent
Inflation Rate 0.90 1.7 1.8 2.2 2 2.3 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade 5280.00 6920 6050 4520 6700 5050 EUR Million
Government Debt to GDP 56.70 54.4 54.4 54.4 51.1 48 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 1.17
 1.21 1.19 1.17 1.15 1.08
Stock Market 561.77
points		 510 497 484 471 424
Government Bond 10Y 0.63
percent		 0.77 0.92 1.1 1.32 2.71
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.50
percent		 0.6 0.5 0.4 0.6 0.6
GDP Annual Growth Rate 2.80
percent		 3 3.2 2.5 2.1 2.3
GDP 770.85
USD Billion		 779 787 812 855 875
GDP Constant Prices 176317.10
EUR Million		 176002 176936 179852 174480 188037
Gross National Product 178654.27
EUR Million		 174179 172112 183121 173670 191454
Gross Fixed Capital Formation 38741.00
EUR Million		 37531 38343 38668 37381 40428
GDP per capita 52111.47
USD		 53020 53020 53020 53360 53640
GDP per capita PPP 47128.31
USD		 47137 47376 47615 48421 48570
GDP From Agriculture 2578.00
EUR Million		 2220 3311 3534 2655 3695
GDP From Construction 9707.10
EUR Million		 9541 7564 8696 9338 9091
GDP From Manufacturing 19274.00
EUR Million		 18780 18752 19865 18914 20768
GDP From Mining 3334.55
EUR Million		 1620 1388 3125 3788 3267
GDP From Public Administration 11232.00
EUR Million		 11925 10667 11513 10435 12037
GDP From Services 31189.68
EUR Million		 33731 34061 35072 30685 36668
GDP From Transport 7823.00
EUR Million		 7431 7608 8019 7426 8383
GDP From Utilities 1043.00
EUR Million		 1000 1074 1046 1060 1093
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.90
percent		 3.9 3.8 4.2 4.4 5.1
Employed Persons 8724.00
Thousand 		8726 8728 8728 8728 8728
Unemployed Persons 355.00
Thousand		 344 329 316 305 258
Long Term Unemployment Rate 1.70
percent		 1.85 1.85 1.85 1.85 1.85
Youth Unemployment Rate 6.90
percent		 6.62 6.32 6.12 5.97 5.63
Productivity 32.80
Index Points		 32.8 32.8 32.8 32.79 32.78
Labour Costs 104.10
Index Points		 104 94.22 104 94.23 104
Job Vacancies 237.80
Thousand 		253 249 254 266 291
Minimum Wages 1578.00
EUR/Month		 1578 1590 1590 1614 1626
Wage Growth 1.74
percent		 1.7 1.56 1.45 1.4 1.49
Wages in Manufacturing 113.20
Index Points		 114 114 114 114 120
Population 17.08
Million		 17.16 17.16 17.16 17.2 17.41
Retirement Age Women 66.00
 66 66 66 66.25 66.5
Retirement Age Men 66.00
 66 66 66 66.25 66.5
Labor Force Participation Rate 64.00
percent		 64.06 64.06 64.06 64.06 64.06
Living Wage Family 1450.00
EUR/Month		 1450 1450 1450 1560 1560
Living Wage Individual 1080.00
EUR/Month		 1066 1068 1069 1068 1058
Part Time Employment 4228.70
Thousand		 4258 4260 4270 4270 4250
Wages Low Skilled 1670.00
EUR/Month		 1690 1690 1690 1690 1750
Wages High Skilled 2940.00
EUR/Month		 3000 3000 3000 3050 3050
Employment Change 0.60
percent		 0.49 0.47 0.42 0.42 0.32
Employment Rate 76.30
percent		 76.36 76.37 76.31 76.28 75.83
Full Time Employment 4210.20
Thousand		 4213 4236 4215 4234 4221
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.90
percent		 1.7 1.8 2.2 2 2.3
Harmonised Consumer Prices 102.70
Index Points		 103 104 104 104 108
Consumer Price Index CPI 102.89
Index Points		 103 104 104 105 109
Core Consumer Prices 102.59
Index Points		 102 103 103 103 105
Core Inflation Rate 0.40
percent		 0.94 0.93 0.91 0.94 0.92
GDP Deflator 107.17
Index Points		 106 106 106 106 106
Producer Prices 103.40
Index Points		 104 106 108 105 112
Export Prices 103.50
Index Points		 104 104 104 104 104
Import Prices 101.20
Index Points		 101 102 102 102 102
Inflation Rate Mom 0.40
percent		 0 0.17 0.08 0.13 0.11
Producer Prices Change 0.58
percent		 0.5 1.1 1.5 1.6 2.1
CPI Housing Utilities 103.90
Index Points		 103 105 105 106 110
CPI Transportation 104.44
Index Points		 102 103 105 104 109
Food Inflation 1.00
percent		 1.23 1.25 1.34 1.43 1.59
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 0.00
percent		 0 0 0 0.25 0.75
Interbank Rate -0.33
percent		 -0.33 -0.33 -0.33 -0.08 0.42
Money Supply M0 60249.00
EUR Million		 58833 58822 58951 59009 58974
Money Supply M1 403625.00
EUR Million		 404766 404080 403461 402847 396216
Money Supply M2 851148.00
EUR Million		 851598 851171 850749 850328 845727
Money Supply M3 882458.00
EUR Million		 879967 886148 884655 883559 884444
Banks Balance Sheet 2416928.00
EUR Million		 2436057 2449292 2438033 2449517 2438422
Foreign Exchange Reserves 31513.00
EUR Million		 32667 32373 32638 32647 32715
Loans to Private Sector 316313.00
EUR Million		 315274 315798 315620 315714 315682
Private Debt to GDP 251.10
percent		 245 245 245 241 236
Central Bank Balance Sheet 375473.00
EUR Million		 332110 328862 323015 331865 332971
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 5280.00
EUR Million		 6920 6050 4520 6700 5050
Exports 42976.00
EUR Million		 42600 42700 43200 45100 46800
Imports 37692.00
EUR Million		 35680 36650 38680 38400 41750
Current Account 20903.90
EUR Million		 17800 19100 22600 26900 25100
Current Account to GDP 10.20
percent		 7.4 7.4 7.4 6.9 6.5
External Debt 3829562.00
EUR Million		 3890431 3893160 3875484 3909286 3901659
Terms of Trade 102.30
Index Points		 103 102 102 102 102
Capital Flows 14581.60
EUR Million		 15798 10394 12773 14312 13564
Remittances 58.30
EUR Million		 44.35 44.35 44.35 44.35 44.35
Gold Reserves 612.50
Tonnes		 613 614 615 616 629
Terrorism Index 2.41
 2.14 2.41 2.67 2.58 0.7
Weapons Sales 1167.00
USD Million		 692 753 814 735 418
Crude Oil Production 20.00
BBL/D/1K		 17.64 16.7 16.84 16.81 16.79
Foreign Direct Investment 59966.00
EUR Million		 43183 43183 43183 43183 43183
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 56.70
percent		 54.4 54.4 54.4 51.1 48
Government Budget 1.10
percent of GDP		 1.2 1.2 1.2 1.5 1.7
Government Spending 42382.00
EUR Million		 42715 42871 43390 42664 45365
Government Spending to GDP 42.60
percent		 42.2 42.2 42.2 42 41.9
Government Revenues 46.60
USD Billion		 50.95 50.95 50.95 50.95 50.95
Government Debt 406475.00
EUR Million		 415672 415672 415672 415672 415672
Fiscal Expenditure 45.60
EUR Billion		 52.34 44.59 49.1 43.52 46.76
Military Expenditure 9780.20
USD Million		 9355 9526 9697 9838 10966
Asylum Applications 1220.00
persons		 1178 1176 1176 1176 1176
Government Budget Value 1.00
EUR Billion		 -1.39 6.36 2.24 7.43 4.19
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 8.20
Index Points		 9.75 9.72 4 9.7 2.9
Industrial Production 5.90
percent		 0.11 1.93 1.65 1.51 1.52
Industrial Production Mom -1.00
percent		 -3.52 -1.32 2.01 2.15 0.51
Manufacturing Production 3.50
percent		 4.8 4.7 4.4 3.8 2
Capacity Utilization 83.60
percent		 83.15 83.32 83.24 83.28 83.27
Changes in Inventories 231.00
EUR Million		 25.71 -262 5.57 -243 -69.37
Bankruptcies 329.00
Companies		 320 349 319 349 319
Car Registrations 34290.00
 41817 38964 39392 39613 39531
Internet Speed 17387.85
KBps		 17149 16993 16843 16683 15003
IP Addresses 9382252.00
IP		 9272298 9245067 9218329 9191901 8931344
Manufacturing Pmi 60.70
 61.39 59.51 58.39 58.66 60.75
Mining Production 19.00
percent		 -19.75 -12.87 -14.52 -12.74 -13.3
Steel Production 610.57
Thousand Tonnes		 568 570 571 571 571
Competitiveness Index 5.66
Points		 5.61 5.61 5.61 5.61 5.61
Competitiveness Rank 4.00
 5 5 5 5 6
Ease of Doing Business 32.00
 32 32 32 32 32
Electricity Production 11034.00
Gigawatt-hour		 9808 9614 9531 9496 9469
Corruption Index 82.00
Points		 82 82 82 82 82
Corruption Rank 8.00
 9 9 10 9 7
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 23.00
Index Points		 25 23 20 18 10
Retail Sales MoM -1.20
percent		 -1.04 0.85 1.1 0.77 1.2
Retail Sales YoY 1.50
percent		 3.7 3.4 4 3.8 2.5
Consumer Spending 74980.00
EUR Million		 74445 74820 75306 74308 78733
Disposable Personal Income 317354.00
EUR Million		 317354 317354 317354 317354 317354
Personal Savings 11.61
percent		 15.25 15.25 15.25 15.25 15.25
Private Sector Credit 1057592.00
EUR Million		 1045837 1046450 1046340 1046360 1046357
Bank Lending Rate 1.10
percent		 1.1 1.1 1.1 1.35 1.85
Personal Spending 3.20
percent		 3.04 3.04 1.1 3.02 1
Consumer Credit 16560.00
EUR Million		 16695 16782 16869 16956 17825
Gasoline Prices 2.04
USD/Liter		 1.96 1.84 1.74 1.64 1.14
Households Debt To Gdp 106.00
percent of GDP		 105 104 104 104 103
Households Debt To Income 208.93
percent		 210 209 208 207 193
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Construction Output 2.80
percent		 3.43 3.04 2.59 2.22 0.99
Housing Index 120.10
Index points		 122 124 126 128 136
Building Permits 5986.00
 5668 5654 5678 5675 5675
Home Ownership Rate 69.00
percent		 68.55 68.83 69.1 68.98 66.82
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 46
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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 18.32
celsius		 12.11 16.33 6.44 3.23 9.74