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