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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.40 0.7 0.7 0.6 0.5 0.6 percent [+]
Unemployment Rate 4.50 4.6 4.6 4.5 4.6 5.4 percent [+]
Inflation Rate 1.30 1.7 1.9 2 2.1 2.3 percent [+]
Interest Rate 0.00 0 0 0 0.25 0.75 percent [+]
Balance of Trade 6258.00 4576 4549 4495 4416 3789 EUR Million [+]
Government Debt to GDP 62.30 62 61.5 61.5 61.5 59.6 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 1.18 1.16 1.15 1.13 1.12 0.99 [+]
Stock Market 540.02 535 530 524 519 460 points [+]
Government Bond 10Y 0.44 0.63 0.63 0.64 0.64 0.71 percent [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.40 0.7 0.7 0.6 0.5 0.6 percent [+]
GDP Annual Growth Rate 3.00 3.2 3.3 3 3.2 2.3 percent [+]
GDP 770.85 780 772 752 733 875 USD Billion [+]
GDP Constant Prices 174069.10 172823 171676 172460 171902 171188 EUR Million [+]
Gross National Product 171494.93 169428 168721 170092 168037 168687 EUR Million [+]
Gross Fixed Capital Formation 37785.00 37338 37404 37368 37375 36504 EUR Million [+]
GDP per capita 52111.47 52660 53020 53020 53020 53640 USD [+]
GDP per capita PPP 47128.31 47494 47524 47555 47586 47686 USD [+]
GDP From Agriculture 3247.00 3307 2600 2223 3155 3295 EUR Million [+]
GDP From Construction 7392.89 7873 8807 9224 7734 7840 EUR Million [+]
GDP From Manufacturing 18476.00 18458 18428 18399 18369 18110 EUR Million [+]
GDP From Mining 1380.22 3739 3759 1762 1801 3890 EUR Million [+]
GDP From Public Administration 11736.00 11127 10194 11680 10445 11230 EUR Million [+]
GDP From Services 33518.43 33150 30613 32611 31329 32317 EUR Million [+]
GDP From Transport 7322.00 7382 7320 7327 7266 7291 EUR Million [+]
GDP From Utilities 1057.00 1016 1031 993 1029 1006 EUR Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.50 4.6 4.6 4.5 4.6 5.4 percent [+]
Employed Persons 8636.00 8623 8617 8612 8606 8558 Thousand [+]
Unemployed Persons 404.00 410 404 402 402 422 Thousand [+]
Long Term Unemployment Rate 2.20 2.19 2.19 2.18 2.18 2.16 percent [+]
Youth Unemployment Rate 7.90 8.19 8.08 8.13 8.28 10.21 percent [+]
Productivity 32.45 33.59 34.08 34.56 35.03 38.73 Index Points [+]
Labour Costs 115.10 104 99.2 114 99.44 105 Index Points [+]
Job Vacancies 210.10 204 203 200 193 163 Thousand [+]
Minimum Wages 1551.60 1530 1570 1575 1579 1560 EUR/Month [+]
Wage Growth 1.57 1.57 1.63 1.69 1.73 2 percent [+]
Wages in Manufacturing 112.10 113 113 113 113 113 Index Points [+]
Population 17.08 17.08 17.16 17.16 17.16 17.41 Million [+]
Retirement Age Women 65.75 65.75 66 66 66 66.67 [+]
Retirement Age Men 65.75 65.75 66 66 66 66.67 [+]
Labor Force Participation Rate 63.90 63.84 63.83 63.83 63.83 63.85 percent [+]
Living Wage Family 1450.00 1460 1460 1460 1460 1460 EUR/Month [+]
Living Wage Individual 1080.00 1064 1066 1068 1069 1060 EUR/Month [+]
Part Time Employment 4128.40 4144 4149 4148 4148 4128 Thousand [+]
Wages High Skilled 2940.00 2874 2837 2819 2801 2832 EUR/Month [+]
Wages Low Skilled 1670.00 1652 1614 1595 1576 1582 EUR/Month [+]
Employment Change 0.50 0.48 0.45 0.45 0.4 0.32 percent [+]
Employment Rate 75.70 75.69 75.73 75.79 75.73 75.36 percent [+]
Full Time Employment 4252.60 4202 4185 4196 4219 4254 Thousand [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 1.30 1.7 1.9 2 2.1 2.3 percent [+]
Harmonised Consumer Prices 101.97 101 102 101 101 101 Index Points [+]
Consumer Price Index CPI 102.17 102 102 102 102 102 Index Points [+]
Core Consumer Prices 102.28 102 102 102 102 102 Index Points [+]
Core Inflation Rate 0.90 0.99 1.08 1.15 1.22 1.52 percent [+]
GDP Deflator 105.71 105 105 105 105 105 Index Points [+]
Producer Prices 104.80 113 115 115 103 129 Index Points [+]
Export Prices 101.60 99.86 99.61 99.37 99.14 97.62 Index Points [+]
Import Prices 100.70 97.58 97.55 97.52 97.49 97.33 Index Points [+]
Inflation Rate Mom 0.10 0.34 0.1 0.21 0.16 0.18 percent [+]
Producer Prices Change 4.59 3.2 3.1 3.3 3.4 2.6 percent [+]
CPI Housing Utilities 102.79 103 103 103 103 102 Index Points [+]
CPI Transportation 101.58 101 100 99.96 99.63 97.85 Index Points [+]
Food Inflation 3.40 3.45 2.95 2.5 2.18 1.66 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 0.00 0 0 0 0.25 0.75 percent [+]
Interbank Rate -0.33 -0.27 -0.17 -0.04 0.08 1.14 percent [+]
Money Supply M0 59186.00 59220 59206 59183 59158 58928 EUR Million [+]
Money Supply M1 454776.00 454657 454289 453916 453542 450204 EUR Million [+]
Money Supply M2 859964.00 861019 860753 860423 860090 857094 EUR Million [+]
Money Supply M3 887964.00 887464 887055 886665 886273 882731 EUR Million [+]
Banks Balance Sheet 2426481.00 2475738 2474593 2473155 2471699 2458665 EUR Million [+]
Foreign Exchange Reserves 32534.00 32384 32287 32190 32095 31305 EUR Million [+]
Loans to Private Sector 315792.00 314358 313850 313351 312860 308832 EUR Million [+]
Private Debt to GDP 266.14 265 265 265 265 263 percent [+]
Central Bank Balance Sheet 333326.00 352983 351498 349907 348318 334430 EUR Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 6258.00 4576 4549 4495 4416 3789 EUR Million [+]
Exports 39505.00 38031 37948 37931 37894 37479 EUR Million [+]
Imports 33247.00 33178 33094 33046 33001 32596 EUR Million [+]
Current Account 15416.30 18278 18560 16510 16231 16479 EUR Million [+]
Current Account to GDP 8.40 7.8 7.4 7.4 7.4 6.5 percent [+]
External Debt 3916583.70 4031213 4068795 4081373 4094838 4043482 EUR Million [+]
Terms of Trade 100.90 102 101 101 100 99.11 Index Points [+]
Capital Flows 11615.00 8003 9064 10217 10151 9612 EUR Million [+]
Remittances 57.00 60.62 61.56 62.4 63.14 66.93 EUR Million [+]
Gold Reserves 612.45 614 615 616 617 628 Tonnes [+]
Terrorism Index 2.41 1.48 1.62 1.76 1.9 1.32 [+]
Weapons Sales 466.00 511 508 504 500 514 USD Million [+]
Crude Oil Production 11.00 15.86 16.68 17.36 18.02 23.2 BBL/D/1K [+]
Foreign Direct Investment 84137.00 49123 43401 45418 45711 45514 EUR Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 62.30 62 61.5 61.5 61.5 59.6 percent [+]
Government Budget 0.40 0.8 1.2 1.2 1.2 1.7 percent of GDP [+]
Government Spending 42047.00 42167 42173 42192 42200 42011 EUR Million [+]
Government Spending to GDP 43.60 43.52 43.56 43.6 43.63 44.37 percent [+]
Government Revenues 53.10 48.38 54.55 52.82 49.27 48.99 USD Billion [+]
Government Debt 419100.00 418158 417547 416717 415604 406373 EUR Million [+]
Fiscal Expenditure 56.00 50.28 43.83 52.8 49.46 49.16 EUR Billion [+]
Military Expenditure 9249.40 9472 9579 9686 9792 10486 USD Million [+]
Asylum Applications 1385.00 1402 1426 1434 1435 1435 persons [+]
Government Budget Value -2.80 -0.88 8.07 -2.37 -3.99 -1.08 EUR Billion [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 8.20 4.5 6.35 4.87 3.71 2.9 [+]
Industrial Production 1.70 0.13 0.32 0.45 0.53 0.63 percent [+]
Industrial Production Mom 4.20 -0.12 0.09 0.05 0.05 0.05 percent [+]
Manufacturing Production 5.20 1.9 2.21 1.9 1.69 1.2 percent [+]
Capacity Utilization 83.30 83.3 83.16 83.07 83 82.6 percent [+]
Changes in Inventories -474.00 369 331 299 283 280 EUR Million [+]
Bankruptcies 391.00 349 359 365 370 409 Companies [+]
Car Registrations 37130.00 38627 39544 39810 39884 39913 Cars [+]
Internet Speed 17387.85 17362 17268 17149 16993 15574 KBps [+]
Manufacturing Pmi 60.40 58.68 57.66 56.85 56.21 54.03 [+]
Mining Production -8.30 -6.11 -5.91 -4.2 -3.19 -2.26 percent [+]
Steel Production 439.19 499 498 501 502 506 Thousand Tonnes [+]
Competitiveness Index 5.66 5.56 5.56 5.56 5.56 5.58 Points [+]
Competitiveness Rank 4.00 5 5 5 5 6 [+]
Ease of Doing Business 32.00 31 31 31 30 28 [+]
Electricity Production 7718.00 9098 9481 8956 8702 8966 Gigawatt-hour [+]
Corruption Index 83.00 84 84 84 84 85 Points [+]
Corruption Rank 8.00 8 8 9 9 8 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Confidence 23.00 8 19 16.4 14.14 7 [+]
Retail Sales MoM -1.10 1 0.05 0.05 0.05 1.2 percent [+]
Retail Sales YoY 5.80 3.65 3.25 2.91 2.61 1.29 percent [+]
Consumer Spending 73819.00 73692 73962 74037 74121 74028 EUR Million [+]
Disposable Personal Income 309260.00 311852 312131 312411 312690 312315 EUR Million [+]
Personal Savings 24.21 9.82 6.29 23.99 7.19 10.46 percent [+]
Private Sector Credit 1051753.00 1053711 1051984 1049981 1049476 1042801 EUR Million [+]
Bank Lending Rate 1.22 1.29 1.33 1.38 1.43 1.85 percent [+]
Personal Spending 3.10 0.8 1.78 1.6 1.45 1 percent [+]
Consumer Credit 16515.00 17377 17448 17524 17600 18244 EUR Million [+]
Gasoline Prices 1.96 1.94 1.94 1.93 1.93 1.9 USD/Liter [+]
Households Debt To Gdp 107.50 105 104 104 103 101 percent of GDP [+]
Households Debt To Income 212.90 208 207 206 205 192 percent [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Construction Output 0.10 1.53 1.3 1.11 0.97 0.53 percent [+]
Housing Index 101.80 103 104 104 105 104 Index points [+]
Building Permits 6762.00 5657 5805 5901 5968 6125 [+]
Home Ownership Rate 69.00 69.1 68.98 68.86 68.73 67.39 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 25.00 25 25 25 25 26 percent [+]
Personal Income Tax Rate 52.00 52 52 53 53 53 percent [+]
Sales Tax Rate 21.00 21 21 21 21 20 percent [+]
Social Security Rate 46.84 46.81 47.4 47.99 48.58 51.35 percent [+]
Social Security Rate For Companies 18.69 19.57 19.56 19.54 19.53 20.26 percent [+]
Social Security Rate For Employees 28.15 29.02 29.42 29.82 30.22 31.81 percent [+]