Netherlands | Economic Forecasts | 2017-2020 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 1.50 0.5 0.5 0.5 0.5 0.6 percent [+]
Unemployment Rate 4.70 5.1 5 5 5 5.6 percent [+]
Inflation Rate 1.40 1.2 1.3 1.4 1.5 2.3 percent [+]
Interest Rate 0.00 0 0 0 0 0.75 percent [+]
Balance of Trade 4711.00 5123 4862 4799 4732 4003 EUR Million [+]
Government Debt to GDP 62.30 62 62 61.5 61.5 59.6 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 1.18 1.19 1.18 1.16 1.15 1.02 [+]
Stock Market 528.21 507 502 497 492 435 points [+]
Government Bond 10Y 0.53 0.67 0.67 0.68 0.69 0.76 percent [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 1.50 0.5 0.5 0.5 0.5 0.6 percent [+]
GDP Annual Growth Rate 3.30 3.4 3.2 3.3 3 2.3 percent [+]
GDP 770.85 786 780 785 770 875 USD Billion [+]
GDP Constant Prices 173418.20 171285 174344 173120 175038 180334 EUR Million [+]
Gross National Product 171494.93 166655 173578 171155 170986 173495 EUR Million [+]
Gross Fixed Capital Formation 36966.00 36416 36859 36673 36923 36928 EUR Million [+]
GDP per capita 52111.47 52399 52664 52755 52846 53641 USD [+]
GDP per capita PPP 47128.31 47376 47615 47692 47769 48421 USD [+]
GDP From Agriculture 2207.00 2765 2765 2765 2765 2765 EUR Million [+]
GDP From Construction 9347.09 7574 8273 9281 9338 8485 EUR Million [+]
GDP From Manufacturing 18570.00 18496 18685 18737 18742 18780 EUR Million [+]
GDP From Mining 1550.91 1604 3552 3665 1771 3464 EUR Million [+]
GDP From Public Administration 11736.00 10230 11316 10230 11316 11316 EUR Million [+]
GDP From Services 33226.33 29746 31161 29748 31158 31147 EUR Million [+]
GDP From Transport 7322.00 7399 7672 7411 7462 7685 EUR Million [+]
GDP From Utilities 986.00 1071 1032 1040 1015 1033 EUR Million [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 4.70 5.1 5 5 5 5.6 percent [+]
Employed Persons 8607.00 8637 8641 8642 8642 8642 Thousand [+]
Unemployed Persons 426.00 422 406 392 382 338 Thousand [+]
Long Term Unemployment Rate 2.20 1.81 1.73 1.72 1.61 0.88 percent [+]
Youth Unemployment Rate 8.90 8.43 8.11 7.88 7.72 7.36 percent [+]
Labour Costs 115.10 99.4 109 99.41 109 109 Index Points [+]
Productivity 32.58 32.53 32.53 32.53 32.53 32.53 Index Points [+]
Job Vacancies 212.80 195 196 212 217 229 Thousand [+]
Wages 2245.00 2279 2289 2295 2300 2468 EUR/Month [+]
Wage Growth 1.57 1.59 1.71 1.78 1.82 2.07 percent [+]
Wages in Manufacturing 112.10 112 113 113 113 114 Index Points [+]
Minimum Wages 1551.60 1558 1530 1571 1577 1560 EUR/Month [+]
Population 17.08 17.08 17.08 17.16 17.16 17.41 Million [+]
Retirement Age Women 65.75 65.75 65.75 65.86 65.94 66.67 [+]
Retirement Age Men 65.75 65.75 65.75 65.86 65.94 66.67 [+]
Employment Change 0.50 0.72 0.68 0.71 0.72 0.71 percent [+]
Employment Rate 75.10 75.95 75.86 75.79 76.15 76.66 percent [+]
Full Time Employment 4154.20 4225 4227 4199 4210 4257 Thousand [+]
Wages High Skilled 2870.00 2841 2838 2835 2833 2824 EUR/Month [+]
Wages Low Skilled 1560.00 1605 1605 1605 1605 1605 EUR/Month [+]
Part Time Employment 4128.40 4153 4180 4172 4193 4211 Thousand [+]
Labor Force Participation Rate 63.90 63.87 63.91 63.85 63.9 63.9 percent [+]
Living Wage Family 1196.30 1184 1183 1182 1182 1182 EUR/Month [+]
Living Wage Individual 1098.80 1084 1083 1083 1083 1082 EUR/Month [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 1.40 1.2 1.3 1.4 1.5 2.3 percent [+]
Harmonised Consumer Prices 102.18 102 102 102 102 102 Index Points [+]
Consumer Price Index CPI 102.21 102 102 102 102 102 Index Points [+]
Core Consumer Prices 102.40 102 102 102 102 102 Index Points [+]
Core Inflation Rate 0.80 0.85 0.95 1.04 1.12 1.51 percent [+]
GDP Deflator 105.09 104 104 104 104 104 Index Points [+]
Producer Prices 102.80 111 113 115 115 129 Index Points [+]
Export Prices 101.40 102 102 102 102 102 Index Points [+]
Import Prices 98.90 101 100 100 100 100 Index Points [+]
CPI Housing Utilities 102.71 103 103 103 103 102 Index Points [+]
CPI Transportation 102.41 102 102 102 102 102 Index Points [+]
Food Inflation 3.60 3.61 3.35 2.86 2.44 1.65 percent [+]
Producer Prices Change 3.01 8.9 7.2 6.1 6.1 2.4 percent [+]
Inflation Rate Mom 0.10 0.32 0.12 0.2 0.17 0.18 percent [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 0.00 0 0 0 0 0.75 percent [+]
Interbank Rate -0.33 -0.3 -0.24 -0.13 0 1.18 percent [+]
Money Supply M0 59049.00 59238 59286 59274 59252 58996 EUR Million [+]
Money Supply M1 445251.00 444883 444529 444146 443762 439958 EUR Million [+]
Money Supply M2 852271.00 850731 843592 849989 843622 844192 EUR Million [+]
Money Supply M3 877823.00 878405 877250 876787 876383 872365 EUR Million [+]
Banks Balance Sheet 2445625.00 2435339 2433486 2431940 2430438 2415571 EUR Million [+]
Foreign Exchange Reserves 32728.00 32738 32606 32508 32408 31494 EUR Million [+]
Loans to Private Sector 317367.00 316552 316433 316518 316495 316500 EUR Million [+]
Central Bank Balance Sheet 321484.00 326473 323503 322128 321808 321631 EUR Million [+]
Private Debt to GDP 266.14 268 267 267 267 267 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 4711.00 5123 4862 4799 4732 4003 EUR Million [+]
Exports 36861.00 39032 38428 38297 38263 37811 EUR Million [+]
Imports 32150.00 33535 33263 33170 33119 32666 EUR Million [+]
Current Account 15416.30 15479 18305 18767 16126 17565 EUR Million [+]
Current Account to GDP 8.40 7.8 7.8 7.4 7.4 6.5 percent [+]
External Debt 3916583.70 3886258 3896737 3955031 3925756 4010409 EUR Million [+]
Terms of Trade 102.50 101 101 101 101 101 Index Points [+]
Capital Flows 11615.00 15763 16571 16998 18166 17096 EUR Million [+]
Remittances 57.00 56.9 56.79 56.94 56.82 56.86 EUR Million [+]
Gold Reserves 612.45 612 612 612 612 612 Tonnes [+]
Crude Oil Production 21.00 20.93 20.91 20.91 20.91 20.91 BBL/D/1K [+]
Foreign Direct Investment 84137.00 39532 47181 42273 43638 44161 EUR Million [+]
Terrorism Index 0.86 1.27 1.46 1.59 1.72 1.36 [+]
Weapons Sales 466.00 484 506 504 501 512 USD Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 62.30 62 62 61.5 61.5 59.6 percent [+]
Government Budget 0.40 -0.57 -1.3 -0.47 -0.74 -0.2 percent of GDP [+]
Government Spending 42035.00 42165 42252 42312 42379 42957 EUR Million [+]
Government Spending to GDP 43.60 43.73 43.27 43.23 43.19 43.16 percent [+]
Government Revenues 53.10 50.31 51.11 57.41 55.65 54.25 USD Billion [+]
Government Debt 415357.00 413354 410930 411398 411744 411453 EUR Million [+]
Fiscal Expenditure 56.00 50.99 50.28 43.83 52.8 49.16 EUR Billion [+]
Asylum Applications 1395.00 1235 1233 1234 1233 1233 persons [+]
Government Budget Value -2.80 -2.64 -0.62 9.38 1.34 0.67 EUR Billion [+]
Military Expenditure 9249.40 9382 9549 9626 9703 10003 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Business Confidence 5.40 6.65 4.5 6.48 6.45 2.9 [+]
Industrial Production 4.00 2.45 1.75 1.31 1.06 0.73 percent [+]
Industrial Production Mom -0.60 0.13 0.03 0.07 0.06 0.06 percent [+]
Manufacturing Production 3.00 2.95 1.9 2.1 1.82 1.2 percent [+]
Capacity Utilization 83.40 83.21 83.56 83.14 83.42 83.51 percent [+]
New Orders 120.40 115 113 115 113 113 Index Points [+]
Changes in Inventories 431.00 -700 -741 -576 -490 -521 EUR Million [+]
Bankruptcies 373.00 380 379 382 386 425 Companies [+]
Car Registrations 29584.00 36077 36179 36510 36448 36444 Cars [+]
Competitiveness Index 5.57 5.56 5.56 5.53 5.53 5.54 Points [+]
Competitiveness Rank 4.00 6 6 5 5 5 [+]
Ease of Doing Business 28.00 30 31 31 31 28 [+]
Electricity Production 8699.00 9724 10048 9261 9149 9481 Gigawatt-hour [+]
Corruption Index 83.00 85 84 84 84 83 Points [+]
Corruption Rank 8.00 8 8 8 8 8 [+]
Steel Production 622.00 583 577 575 574 574 Thousand Tonnes [+]
Mining Production 12.70 -1.43 0.85 -0.87 -1.04 -1.44 percent [+]
Manufacturing Pmi 59.70 58.72 58.92 58.81 58.92 58.88 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Consumer Confidence 23.00 26.42 8 26.72 26.72 7 [+]
Retail Sales MoM 0.30 0.21 1 0.24 0.24 1.2 percent [+]
Retail Sales YoY 4.50 4.06 4 3.99 3.99 3.99 percent [+]
Consumer Spending 73360.00 73001 73204 73438 73652 75338 EUR Million [+]
Disposable Personal Income 309260.00 314491 315759 317097 318436 332927 EUR Million [+]
Personal Savings 6.06 11.15 12.57 12 12.23 12.16 percent [+]
Private Sector Credit 1056870.00 1055260 1055220 1058304 1056493 1047735 EUR Million [+]
Bank Lending Rate 1.35 1.35 1.4 1.45 1.5 1.97 percent [+]
Consumer Credit 17409.00 16617 16370 16142 15938 14650 EUR Million [+]
Gasoline Prices 1.95 1.94 1.94 1.94 1.93 1.9 USD/Liter [+]
Households Debt To Gdp 107.50 109 108 107 107 105 percent of GDP [+]
Households Debt To Income 212.90 211 209 208 208 202 percent [+]
Personal Spending 2.80 2.38 0.8 2.42 2.42 1 percent [+]
HOUSING Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Construction Output 4.30 3.34 2.75 2.31 1.96 0.77 percent [+]
Housing Index 101.50 101 103 104 106 117 Index points [+]
Building Permits 4574.00 4982 5014 4981 4987 4987 [+]
Home Ownership Rate 69.00 68.83 69.1 68.98 68.86 67.39 percent [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Corporate Tax Rate 25.00 25.12 25.12 24.96 24.9 24.91 percent [+]
Personal Income Tax Rate 52.00 52 52 52 52 52 percent [+]
Sales Tax Rate 21.00 21 21 21 21 21 percent [+]
Social Security Rate 46.84 47.34 46.81 47.4 47.99 51.35 percent [+]
Social Security Rate For Companies 18.69 19.61 20.35 19.75 19.15 18.94 percent [+]
Social Security Rate For Employees 28.15 28.8 29.02 29.42 29.82 31.81 percent [+]