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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.40 0.4 0.5 0.5 0.5 0.6 percent [+]
Unemployment Rate 5.10 5.2 5.1 5 5.1 5.6 percent [+]
Inflation Rate 1.60 2 2.4 2.1 1.9 2.3 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 6719.00 4833 4789 4788 4788 4788 EUR Million [+]
Government Debt to GDP 62.30 62.98 62.13 61.28 61.17 59.7 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.12 1.06 1.05 1.04 1.03 0.86 [+]
Stock Market 528.03 512 507 492 497 414 points [+]
Government Bond 10Y 0.54 0.58 0.58 0.59 0.59 0.68 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.40 0.4 0.5 0.5 0.5 0.6 percent [+]
GDP Annual Growth Rate 3.40 2.4 2.5 2.3 2.2 2.1 percent [+]
GDP 750.28 769 759 780 740 875 USD Billion [+]
GDP Constant Prices 169937.40 170613 171235 171807 172357 178087 EUR Million [+]
Gross National Product 170765.29 167068 163944 170814 165369 168859 EUR Million [+]
Gross Fixed Capital Formation 36411.00 36295 36416 36859 36673 36928 EUR Million [+]
GDP per capita 51268.47 51162 51379 51596 51636 52337 USD [+]
GDP per capita PPP 46353.85 46238 46429 46621 46654 47220 USD [+]
GDP From Agriculture 2518.00 2721 2726 2726 2726 2726 EUR Million [+]
GDP From Construction 9154.34 9518 7658 8221 9361 8489 EUR Million [+]
GDP From Manufacturing 18547.00 18536 18510 18667 18749 18782 EUR Million [+]
GDP From Mining 3830.24 1841 1626 3531 3764 3459 EUR Million [+]
GDP From Public Administration 11144.00 11144 10048 11144 10048 11144 EUR Million [+]
GDP From Services 29743.55 31163 29746 31161 29748 31147 EUR Million [+]
GDP From Transport 7689.00 7264 7385 7683 7284 7620 EUR Million [+]
GDP From Utilities 992.00 1028 1083 1060 1043 1101 EUR Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 5.10 5.2 5.1 5 5.1 5.6 percent [+]
Employed Persons 8539.00 8539 8541 8541 8541 8541 Thousand [+]
Unemployed Persons 456.00 443 428 415 405 364 Thousand [+]
Long Term Unemployment Rate 2.20 2.09 1.84 1.75 1.76 0.95 percent [+]
Youth Unemployment Rate 9.50 9.32 9.13 9 8.9 8.7 percent [+]
Productivity 32.54 32.53 32.53 32.53 32.53 32.53 Index Points [+]
Labour Costs 103.90 116 99.01 104 102 105 Index Points [+]
Job Vacancies 188.50 198 195 196 212 229 Thousand [+]
Wages 2245.00 2269 2279 2289 2295 2468 EUR/Month [+]
Wage Growth 1.21 1.14 1.03 0.96 0.92 0.84 percent [+]
Wages in Manufacturing 111.00 111 112 112 113 118 Index Points [+]
Minimum Wages 1551.60 1520 1558 1530 1571 1560 EUR/Month [+]
Population 16.98 16.93 16.95 16.97 16.97 17.29 Million [+]
Retirement Age Women 65.75 65.75 65.75 65.75 65.94 66.67 [+]
Retirement Age Men 65.75 65.75 65.75 65.75 65.94 66.67 [+]
Employment Change 0.70 0.64 0.69 0.65 0.67 0.67 percent [+]
Employment Rate 75.20 75.53 75.85 75.75 75.63 76.41 percent [+]
Full Time Employment 4190.80 4208 4250 4252 4238 4310 Thousand [+]
Wages High Skilled 2870.00 2845 2841 2838 2835 2824 EUR/Month [+]
Wages Low Skilled 1560.00 1605 1605 1605 1605 1605 EUR/Month [+]
Part Time Employment 4098.10 4099 4081 4097 4080 4094 Thousand [+]
Labor Force Participation Rate 64.00 63.98 63.9 63.95 63.9 63.95 percent [+]
Living Wage Family 1196.30 1208 1211 1210 1210 1210 EUR/Month [+]
Living Wage Individual 1098.80 1086 1084 1083 1082 1082 EUR/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.60 2 2.4 2.1 1.9 2.3 percent [+]
Harmonised Consumer Prices 101.94 102 102 102 103 106 Index Points [+]
Consumer Price Index CPI 101.98 102 102 102 102 105 Index Points [+]
Core Consumer Prices 102.15 102 102 102 103 107 Index Points [+]
Core Inflation Rate 1.30 1.26 1.27 1.28 1.28 1.28 percent [+]
GDP Deflator 104.59 104 104 104 104 104 Index Points [+]
Producer Prices 105.90 109 111 113 115 129 Index Points [+]
Export Prices 102.40 102 102 102 102 102 Index Points [+]
Import Prices 102.00 101 102 102 102 102 Index Points [+]
Cpi Housing Utilities 101.61 102 102 102 102 102 Index Points [+]
Cpi Transportation 103.58 104 103 102 103 103 Index Points [+]
Food Inflation 1.50 1.36 1.33 1.34 1.34 1.34 percent [+]
Producer Prices Change 9.18 10.8 8.9 7.2 6.1 2.4 percent [+]
Inflation Rate Mom 0.50 -0.15 0.28 -0.02 0.17 0.09 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.33 -0.32 -0.32 -0.32 -0.32 -0.32 percent [+]
Money Supply M0 57534.00 58062 58599 59124 59638 64627 EUR Million [+]
Money Supply M1 463974.00 461364 464611 461437 464563 461698 EUR Million [+]
Money Supply M2 876190.00 874378 881582 875524 881632 876270 EUR Million [+]
Money Supply M3 910654.00 913083 913604 913627 913631 913630 EUR Million [+]
Banks Balance Sheet 2523071.00 2515062 2529259 2515928 2529290 2516354 EUR Million [+]
Foreign Exchange Reserves 34484.00 34519 34410 34276 34150 33684 EUR Million [+]
Loans to Private Sector 321512.00 323598 324351 324368 324402 324400 EUR Million [+]
Central Bank Balance Sheet 343139.00 349429 358186 363211 364815 365892 EUR Million [+]
Private Debt to GDP 266.14 267 267 267 267 267 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 6719.00 4833 4789 4788 4788 4788 EUR Million [+]
Exports 43199.00 39736 39807 39716 39708 39709 EUR Million [+]
Imports 36480.00 34601 34518 34422 34417 34417 EUR Million [+]
Current Account 17897.70 13973 14153 16910 16331 15795 EUR Million [+]
Current Account to GDP 9.10 8.7 7.86 7.8 7.66 8.16 percent [+]
External Debt 3667501.80 3649189 3656958 3630091 3641646 3600704 EUR Million [+]
Terms of Trade 100.40 101 101 101 101 101 Index Points [+]
Capital Flows 14673.20 9949 9888 11145 10805 10591 EUR Million [+]
Remittances 56.00 56.06 56.16 56.08 56.16 56.12 EUR Million [+]
Gold Reserves 612.45 612 612 612 612 612 Tonnes [+]
Crude Oil Production 21.00 20.07 20.02 20.03 20.03 20.03 BBL/D/1K [+]
Foreign Direct Investment -18778.00 31550 33715 42011 41575 46001 EUR Million [+]
Terrorism Index 0.86 1.09 1.27 1.46 1.59 1.36 [+]
Weapons Sales 466.00 461 484 506 504 512 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 62.30 62.98 62.13 61.28 61.17 59.7 percent [+]
Government Budget 0.40 -1.8 -0.57 -1.3 -0.47 -0.2 percent of GDP [+]
Government Spending 42042.00 42081 42165 42252 42312 42957 EUR Million [+]
Government Spending to GDP 43.60 44.19 43.73 43.27 43.23 43.16 percent [+]
Government Revenues 56.70 54.09 50.31 51.11 57.41 54.25 USD Billion [+]
Government Debt 421863.00 423084 426190 425789 425195 425656 EUR Million [+]
Fiscal Expenditure 40.80 45.71 49.64 49.28 44.21 47.44 EUR Billion [+]
Asylum Applications 1160.00 1245 1239 1240 1240 1240 persons [+]
Government Budget Value 15.90 2.95 -3.05 -0.85 9.97 1.21 EUR Billion [+]
Military Expenditure 10476.50 10389 10523 10657 10774 12273 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 8.30 4.8 8.6 4.5 8.62 2.9 [+]
Industrial Production -2.20 0.54 0.06 0.08 0.08 0.08 percent [+]
Industrial Production Mom -1.50 0 0.11 0.06 0.07 0.07 percent [+]
Manufacturing Production 4.00 1.5 4.11 1.9 4.14 1.2 percent [+]
Capacity Utilization 82.80 81.17 83.21 83.33 82.92 83.27 percent [+]
New Orders 120.40 113 115 113 115 113 Index Points [+]
Changes in Inventories -416.00 -454 -700 -741 -576 -521 EUR Million [+]
Bankruptcies 353.00 375 402 373 401 373 Companies [+]
Car Registrations 29360.00 35005 34589 34962 34860 34845 Cars [+]
Competitiveness Index 5.57 5.56 5.56 5.56 5.53 5.54 Points [+]
Competitiveness Rank 4.00 6 6 6 5 5 [+]
Ease of Doing Business 28.00 29 30 31 31 28 [+]
Electricity Production 9089.00 8119 9891 10153 9000 9415 Gigawatt-hour [+]
Corruption Index 83.00 85 85 84 84 83 Points [+]
Corruption Rank 8.00 7 8 8 8 8 [+]
Steel Production 552.18 565 569 570 570 570 Thousand Tonnes [+]
Mining Production -24.40 -6.11 -11.09 -10.77 -10.17 -10.48 percent [+]
Manufacturing Pmi 57.80 58.06 57.95 58.01 57.95 57.99 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 23.00 10 20.19 8 20.31 7 [+]
Retail Sales MoM -1.20 -0.4 0.15 1 0.14 1.2 percent [+]
Retail Sales YoY 3.90 4.2 4.32 4.36 4.38 4.38 percent [+]
Consumer Spending 72395.00 72745 73001 73204 73438 75338 EUR Million [+]
Disposable Personal Income 309260.00 313223 314491 315759 317097 332927 EUR Million [+]
Personal Savings 9.51 11.76 12.4 12.14 12.24 12.21 percent [+]
Private Sector Credit 1070302.00 1072096 1069721 1066140 1068308 1074424 EUR Million [+]
Bank Lending Rate 1.44 1.5 1.51 1.51 1.52 1.52 percent [+]
Consumer Credit 17409.00 16855 16617 16370 16142 14650 EUR Million [+]
Households Debt To Gdp 111.00 110 110 110 110 109 percent of GDP [+]
Households Debt To Income 218.96 218 219 219 218 216 percent [+]
Gasoline Prices 1.82 1.87 1.87 1.88 1.87 1.88 USD/Liter [+]
Personal Spending 1.60 2.1 1.55 0.8 1.54 1 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Construction Output 8.70 6.3 5.03 4.14 3.45 0.96 percent [+]
Housing Index 98.10 99.1 101 102 103 114 Index points [+]
Building Permits 6082.00 4597 4595 4582 4584 4584 [+]
Home Ownership Rate 67.80 67.59 67.87 68.16 68.14 68.09 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 25.00 25.12 25.12 25.12 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 47.87 47.34 46.81 47.4 51.35 percent [+]
Social Security Rate For Companies 18.69 18.88 19.61 20.35 19.75 18.94 percent [+]
Social Security Rate For Employees 28.15 28.57 28.8 29.02 29.42 31.81 percent [+]