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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.40 0.7 0.6 0.5 0.4 0.6 percent
Unemployment Rate 4.40 4.4 4.5 4.6 4.8 5.4 percent
Inflation Rate 1.30 1.9 2 2.1 2.2 2.3 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade 6041.00 5444 5319 5228 5147 4316 EUR Million
Government Debt to GDP 62.30 61.5 61.5 61.5 61.5 59.6 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 1.22
1.21 1.19 1.17 1.15 1.07
Stock Market 569.30
points
548 536 525 513 430
Government Bond 10Y 0.61
percent
0.63 0.64 0.64 0.54 0.71
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.40
percent
0.7 0.6 0.5 0.4 0.6
GDP Annual Growth Rate 3.00
percent
3.3 3 3.2 2.5 2.3
GDP 770.85
USD Billion
740 757 774 812 875
GDP Constant Prices 173982.00
EUR Million
175302 175618 175842 175969 175537
Gross National Product 169271.10
EUR Million
169943 170806 169868 170511 170040
Gross Fixed Capital Formation 37987.00
EUR Million
38463 38604 38615 38588 37793
GDP per capita 52111.47
USD
53020 53020 53020 53020 53640
GDP per capita PPP 47128.31
USD
46774 47014 47254 47494 47686
GDP From Agriculture 3259.00
EUR Million
2594 2206 3201 3316 3309
GDP From Construction 7445.00
EUR Million
8804 9266 7703 7816 7830
GDP From Manufacturing 18467.00
EUR Million
18395 18365 18335 18304 18077
GDP From Mining 1366.00
EUR Million
3828 1766 1556 3622 3717
GDP From Public Administration 10478.00
EUR Million
10197 11679 10510 11166 11237
GDP From Services 33517.00
EUR Million
31385 32560 32720 33611 32908
GDP From Transport 7488.00
EUR Million
7405 7357 7407 7455 7397
GDP From Utilities 1057.00
EUR Million
1033 988 1046 1017 1012
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.40
percent
4.4 4.5 4.6 4.8 5.4
Employed Persons 8652.00
Thousand
8647 8642 8636 8630 8568
Unemployed Persons 395.00
Thousand
386 383 383 385 421
Long Term Unemployment Rate 2.00
percent
2 2 2 2 2.01
Youth Unemployment Rate 8.00
percent
8.08 8.29 8.53 8.79 10.74
Productivity 32.45
Index Points
33.45 33.93 34.41 34.88 38.2
Labour Costs 98.50
Index Points
99.19 115 98.91 104 105
Job Vacancies 210.10
Thousand
203 199 193 188 163
Minimum Wages 1551.60
EUR/Month
1560 1560 1570 1570 1620
Wage Growth 1.66
percent
1.74 1.79 1.83 1.87 2.05
Wages in Manufacturing 112.20
Index Points
112 112 112 112 112
Population 17.08
Million
17.16 17.16 17.16 17.16 17.41
Retirement Age Women 65.75
66 66 66 66 66.67
Retirement Age Men 65.75
66 66 66 66 66.67
Labor Force Participation Rate 64.20
percent
64.23 64.25 64.25 64.24 64.18
Living Wage Family 1450.00
EUR/Month
1460 1460 1460 1460 1460
Living Wage Individual 1080.00
EUR/Month
1065 1066 1068 1069 1060
Part Time Employment 4171.60
Thousand
4187 4193 4191 4192 4174
Wages Low Skilled 1670.00
EUR/Month
1633 1614 1595 1576 1582
Wages High Skilled 2940.00
EUR/Month
2855 2837 2819 2801 2832
Employment Change 0.50
percent
0.46 0.42 0.42 0.39 0.32
Employment Rate 76.30
percent
76.25 76.36 76.37 76.31 75.83
Full Time Employment 4252.60
Thousand
4259 4262 4265 4268 4289
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.30
percent
1.9 2 2.1 2.2 2.3
Harmonised Consumer Prices 101.49
Index Points
102 102 102 102 101
Consumer Price Index CPI 101.97
Index Points
102 102 102 102 102
Core Consumer Prices 101.91
Index Points
102 102 102 102 102
Core Inflation Rate 1.00
percent
1.08 1.16 1.22 1.28 1.57
GDP Deflator 105.71
Index Points
105 106 106 106 105
Producer Prices 106.00
Index Points
115 115 106 118 129
Export Prices 103.40
Index Points
103 102 102 101 98.59
Import Prices 101.00
Index Points
101 100 100 99.77 98.23
Inflation Rate Mom 0.00
percent
0.27 0.13 0.2 0.16 0.18
Producer Prices Change 4.64
percent
3.1 3.3 3.4 3.2 2.6
CPI Housing Utilities 102.87
Index Points
103 103 103 103 103
CPI Transportation 102.51
Index Points
102 102 101 101 98.25
Food Inflation 2.50
percent
1.89 1.66 1.58 1.57 1.6
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Interbank Rate -0.33
percent
-0.24 -0.12 0 0.12 1.07
Money Supply M0 59412.00
EUR Million
59458 59443 59420 59395 59192
Money Supply M1 456207.00
EUR Million
455598 455231 454861 454492 451550
Money Supply M2 863368.00
EUR Million
863254 862950 862620 862289 859649
Money Supply M3 888004.00
EUR Million
887035 886668 886285 885895 882770
Banks Balance Sheet 2443167.00
EUR Million
2442713 2441121 2439639 2438172 2426513
Foreign Exchange Reserves 32100.00
EUR Million
32032 31939 31849 31761 31102
Loans to Private Sector 317057.00
EUR Million
316535 316025 315513 315010 311288
Private Debt to GDP 266.14
percent
267 267 266 265 263
Central Bank Balance Sheet 333326.00
EUR Million
328939 327100 325291 323497 309621
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 6041.00
EUR Million
5444 5319 5228 5147 4316
Exports 42734.00
EUR Million
40958 40799 40708 40656 40111
Imports 36693.00
EUR Million
35391 35331 35275 35228 34702
Current Account 18090.30
EUR Million
18433 17103 17765 18301 17335
Current Account to GDP 8.40
percent
7.4 7.4 7.4 7.4 6.5
External Debt 3888307.70
EUR Million
3908657 3914614 3907284 3903563 3837039
Terms of Trade 102.40
Index Points
101 101 101 100 99.05
Capital Flows 9610.10
EUR Million
9635 10091 9838 9705 9663
Remittances 57.00
EUR Million
60.3 61.08 61.78 62.4 65.42
Gold Reserves 612.45
Tonnes
613 614 615 616 625
Terrorism Index 2.41
1.89 2.11 2.33 2.55 0.73
Weapons Sales 466.00
USD Million
436 461 486 511 514
Crude Oil Production 15.00
BBL/D/1K
16.4 17.12 17.77 18.41 22.94
Foreign Direct Investment 15308.00
EUR Million
44503 47092 46620 46835 47086
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 62.30
percent
61.5 61.5 61.5 61.5 59.6
Government Budget 0.40
percent of GDP
1.2 1.2 1.2 1.2 1.7
Government Spending 42032.00
EUR Million
42149 42154 42173 42179 42033
Government Spending to GDP 43.60
percent
44.86 44.42 43.97 43.52 44.37
Government Revenues 48.80
USD Billion
54.63 52.81 49.84 48.69 49.2
Government Debt 412244.00
EUR Million
409211 407565 406306 405278 397176
Fiscal Expenditure 44.40
EUR Billion
42.49 52.34 44.59 49.1 47.52
Military Expenditure 9249.40
USD Million
9014 9167 9319 9472 10486
Asylum Applications 1295.00
persons
1399 1429 1434 1434 1434
Government Budget Value 4.40
EUR Billion
7.55 -2.26 1.9 -1.25 -1.16
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Business Confidence 8.90
Index Points
7.46 5.82 4.44 4 2.9
Industrial Production -4.70
percent
-1.16 -0.41 0.01 0.25 0.55
Industrial Production Mom -1.00
percent
-0.04 0.08 0.06 0.06 0.06
Manufacturing Production 4.40
percent
3.34 2.66 2.21 1.7 1.2
Capacity Utilization 83.30
percent
83.15 83.06 83 82.93 82.59
Changes in Inventories -521.00
EUR Million
162 277 446 478 361
Bankruptcies 285.00
Companies
325 338 346 352 405
Car Registrations 17528.00
Cars
37374 39064 39664 39796 39853
Internet Speed 17387.85
KBps
17268 17149 16993 16843 15574
IP Addresses 9382252.00
IP
9300822 9272298 9245067 9218329 9019851
Manufacturing Pmi 62.20
61.08 60.18 59.4 58.73 55.81
Mining Production -46.50
percent
-14.87 -9.15 -6.22 -4.62 -3.1
Steel Production 610.00
Thousand Tonnes
564 546 534 526 508
Competitiveness Index 5.66
Points
5.56 5.56 5.56 5.65 5.58
Competitiveness Rank 4.00
5 5 5 5 6
Ease of Doing Business 32.00
31 31 31 31 27
Electricity Production 10896.00
Gigawatt-hour
9546 7873 8712 9614 9030
Corruption Index 83.00
Points
86 86 85 84 85
Corruption Rank 8.00
7 8 8 8 8
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Confidence 25.00
Index Points
24.3 21.56 18.76 9 7
Retail Sales MoM -0.10
percent
0.06 0.05 0.05 1.1 1.2
Retail Sales YoY 5.50
percent
3.44 3.07 2.79 2.54 1.17
Consumer Spending 73751.00
EUR Million
74167 74295 74374 74435 74292
Disposable Personal Income 309260.00
EUR Million
311042 311312 311582 311852 312315
Personal Savings 6.29
percent
6.34 24.04 6.56 10.17 10.75
Private Sector Credit 1051753.00
EUR Million
1051984 1049981 1049476 1048773 1042801
Bank Lending Rate 1.23
percent
1.24 1.28 1.33 1.38 1.75
Personal Spending 1.70
percent
1.71 1.52 1.38 1.1 1
Consumer Credit 16515.00
EUR Million
16617 16695 16782 16869 17532
Gasoline Prices 2.01
USD/Liter
2.02 2.01 2 1.99 1.92
Households Debt To Gdp 106.80
percent of GDP
104 104 103 103 101
Households Debt To Income 212.90
percent
212 211 209 208 192
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Construction Output 8.00
percent
4.56 3.59 2.91 2.4 0.82
Housing Index 103.00
Index points
104 105 105 105 104
Building Permits 5935.00
6123 6132 6134 6134 6135
Home Ownership Rate 69.00
percent
68.28 68.55 68.83 69.1 67.39
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 26
Personal Income Tax Rate 52.00
percent
52 52 52 52 53
Sales Tax Rate 21.00
percent
21 21 21 21 20
Social Security Rate 46.84
percent
49 48 48 47 51
Social Security Rate For Companies 18.69
percent
19.73 19.67 19.62 19.57 20.26
Social Security Rate For Employees 28.15
percent
28.35 28.57 28.8 29.02 31.81
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 18.32
celsius
3.23 12.11 16.33 6.44 9.74