Markets Actual Q3 Q4 Q1 Q2 2023
Currency 1.04 1.03 1.02 1.01 1.01 0.99
Stock Market (points) 655.68 617 596 576 576 538
Government Bond 10Y (%) 1.58 2.11 2.32 2.55 2.55 3.08

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.40 0.5 0.5 0.4 0.4 0.4
GDP Annual Growth Rate (%) 6.70 1.9 1 1.3 1.5 1.6
Unemployment Rate (%) 3.30 3.5 3.3 3.2 3.3 3.2
Inflation Rate (%) 8.80 6.5 5.8 5 4.5 3.6
Interest Rate (%) 0.00 0.75 1.25 1.5 1.75 1.75
Balance of Trade (EUR Million) 4120.00 6550 4500 5240 2200 9450
Current Account (EUR Million) 20217.00 24100 17500 24600 24600 18800
Current Account to GDP (% of GDP) 7.80 8.6 8.6 7.8 7.8 7.8
Government Debt to GDP (% of GDP) 52.10 56.8 56.8 54.8 54.8 54.8
Government Budget (% of GDP) -2.50 -2.8 -2.8 -2.3 -2.3 -2.3
Business Confidence (points) 8.10 4.5 2 1.8 1.8 1
Consumer Confidence (points) -50.00 -12 -8 -2 -2 -4
Retail Sales MoM (%) 4.20 0.2 1 1.4 1.4 1.2
Corporate Tax Rate (%) 25.00 21.7 21.7 21.7 21.7 21.7
Personal Income Tax Rate (%) 49.50 52 49.5 49.5 49.5 49.5

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.40 0.5 0.5 0.4 0.4 0.4
GDP Annual Growth Rate (%) 6.70 1.9 1 1.3 1.5 1.6
GDP (USD Billion) 913.87 950 950 950 950 990
GDP Constant Prices (EUR Million) 196439.90 196708 197747 197818 198994 200983
Gross National Product (EUR Million) 189945.15 203257 193691 191026 192414 194082
Gross Fixed Capital Formation (EUR Million) 40825.00 41596 39999 40670 41356 41320
GDP per capita (USD) 46327.67 54600 54600 54600 54600 54600
GDP per capita PPP (USD) 54209.56 55700 55700 55700 55700 56500
Full Year GDP Growth (%) 5.00 2.9 2.9 2.7 2.7 2.7
GDP From Agriculture (EUR Million) 3130.00 2713 3494 3206 3171 3257
GDP From Construction (EUR Million) 9634.86 9581 7884 8466 9760 8601
GDP From Manufacturing (EUR Million) 22303.00 22895 21623 23859 22593 24241
GDP From Mining (EUR Million) 1170.87 1244 1074 1081 1186 1098
GDP From Public Administration (EUR Million) 11420.00 13480 11666 13399 11568 13613
GDP From Services (EUR Million) 35788.03 36994 37574 37551 36253 38152
GDP From Transport (EUR Million) 8026.00 8075 8315 8830 8130 8972
GDP From Utilities (EUR Million) 1015.00 1193 1073 1198 1028 1217

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 3.30 3.5 3.3 3.2 3.3 3.2
Labour Costs (points) 113.50 126 109 118 116 120
Wages (EUR/Month) 3042.00 3141 3118 3109 3100 3190
Wages in Manufacturing (points) 126.70 126 127 127 130 130
Wage Growth (%) 2.84 2 2.3 2.3 2.3 2.1
Minimum Wages (EUR/Month) 1756.00 1756 1756 1756 1775 1775
Population (Million) 17.41 17.8 17.8 17.8 17.8 18
Retirement Age Women 66.33 66.58 66.58 66.58 66.58 66.83
Retirement Age Men 66.33 66.58 66.58 66.58 66.58 66.83
Labor Force Participation Rate (%) 74.70 71.9 71.8 71.8 71.8 71.9

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 8.80 6.5 5.8 5 4.5 3.6
Consumer Price Index CPI (points) 119.05 118 121 125 124 125
Harmonised Consumer Prices (points) 120.14 117 121 127 126 125
Core Consumer Prices (points) 112.83 111 111 112 113 114
Core Inflation Rate (%) 3.60 1.7 1.8 1.8 1.8 1.9
Producer Prices (points) 143.00 144 144 153 156 152
Inflation Rate Mom (%) -0.60 0.3 0.4 0.2 0.2 0.3
Producer Prices Change (%) 27.10 22.5 18.1 12.1 9 5
Food Inflation (%) 9.20 1.4 2 2 2 1.8
CPI Housing Utilities (points) 127.17 122 129 141 133 134
CPI Transportation (points) 128.54 129 129 130 130 130

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 0.00 0.75 1.25 1.5 1.75 1.75
Interbank Rate (%) -0.50 -0.5 0.25 0.75 1 1
Private Debt to GDP (%) 283.60 310 310 310 310 306

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (EUR Million) 4120.00 6550 4500 5240 2200 9450
Current Account (EUR Million) 20217.00 24100 17500 24600 24600 18800
Current Account to GDP (% of GDP) 7.80 8.6 8.6 7.8 7.8 7.8
Imports (EUR Million) 52684.00 53600 53760 59000 59000 55550
Exports (EUR Million) 56804.00 58100 59000 61200 61200 65000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 52.10 56.8 56.8 54.8 54.8 54.8
Government Budget (% of GDP) -2.50 -2.8 -2.8 -2.3 -2.3 -2.3
Government Spending (EUR Million) 48591.00 50225 48000 48000 49223 50911
Government Spending to GDP (% of GDP) 48.10 44 44 44 44 44
Government Revenues (USD Billion) 73.30 63.8 62 62 62 64
Fiscal Expenditure (EUR Billion) 61.20 68.9 66.5 66.5 66.5 65.1
Government Budget Value (EUR Billion) 12.20 -13.4 -5.1 -4.5 -4.5 -1.1

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 25.00 21.7 21.7 21.7 21.7 21.7
Personal Income Tax Rate (%) 49.50 52 49.5 49.5 49.5 49.5
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 51.24 46.34 51.24 51.24 51.24 51.24
Social Security Rate For Companies (%) 23.59 18.69 23.59 23.59 23.59 23.59
Social Security Rate For Employees (%) 27.65 27.65 27.65 27.65 27.65 27.65

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 8.10 4.5 2 1.8 1.8 1
Manufacturing Production (%) 13.70 1.3 3.4 3.4 3.4 3.4
Manufacturing PMI (points) 55.90 54.5 54 54.2 54.2 53.6

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) -50.00 -12 -8 -2 -2 -4
Retail Sales MoM (%) 4.20 0.2 1 1.4 1.4 1.2
Retail Sales YoY (%) 0.70 5.3 4.9 3.8 3.8 3.2
Consumer Spending (EUR Million) 82488.00 82125 84513 83710 83560 85049
Disposable Personal Income (EUR Million) 399129.00 390999 384955 403120 404318 409570
Bank Lending Rate (%) 0.35 0.35 1.1 1.6 1.85 1.85
Personal Spending (%) 14.80 1.6 2.5 2.5 2.5 2.5
Gasoline Prices (USD/Liter) 2.54 2.67 2.77 2.86 2.97 2.97
Consumer Credit (EUR Million) 10261.00 10620 10456 10364 10394 10529

Housing Actual Q3 Q4 Q1 Q2 2023
Housing Index (points) 188.20 166 165 165 165 170


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Netherlands Forecast - was last updated on Saturday, July 2, 2022.