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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.80 0.5 0.4 0.5 0.5 0.6 percent
Unemployment Rate 3.90 3.8 4.2 4.4 4.5 5.1 percent
Inflation Rate 2.30 1.8 2.1 2 2.3 2.3 percent
Interest Rate 0.00 0 0 0 0 0.75 percent
Balance of Trade 4612.00 6050 4520 6700 7100 5050 EUR Million
Government Debt to GDP 56.70 54.4 54.4 51.1 51.1 48 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.18
 1.16 1.15 1.15 1.14 1.12
Stock Market 552.64
points		 557 552 547 542 523
Government Bond 10Y 0.64
percent		 0.53 0.56 0.6 0.63 0.81
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.80
percent		 0.5 0.4 0.5 0.5 0.6
GDP Annual Growth Rate 3.10
percent		 2.9 2.7 2.8 2.6 2.3
GDP 826.20
USD Billion		 851 851 875 875 888
GDP Constant Prices 186274.50
EUR Million		 184606 188616 189933 191118 197778
Gross National Product 180625.43
EUR Million		 176195 188041 181506 185322 197175
Gross Fixed Capital Formation 39425.00
EUR Million		 38953 39008 40071 40450 40902
GDP per capita 53597.83
USD		 53800 53800 54200 54200 54700
GDP per capita PPP 48472.54
USD		 48900 48900 49500 49500 50100
GDP From Agriculture 2451.00
EUR Million		 3370 3273 3295 2515 3432
GDP From Construction 8797.09
EUR Million		 7039 7793 8432 9026 8171
GDP From Manufacturing 20931.00
EUR Million		 19341 21570 20551 21475 22618
GDP From Mining 2138.14
EUR Million		 2380 2416 2368 2194 2534
GDP From Public Administration 12100.00
EUR Million		 10624 12465 10850 12415 13070
GDP From Services 35535.93
EUR Million		 34206 35006 34016 36460 36706
GDP From Transport 8149.00
EUR Million		 8048 8315 7847 8361 8718
GDP From Utilities 1077.00
EUR Million		 1031 1153 1036 1105 1209
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.90
percent		 3.8 4.2 4.4 4.5 5.1
Employed Persons 8807.00
Thousand 		8766 8766 8766 8766 8766
Unemployed Persons 353.00
Thousand		 347 341 336 331 314
Long Term Unemployment Rate 1.60
percent		 1.21 1.18 1.1 0.94 0.22
Youth Unemployment Rate 7.30
percent		 7.45 7.65 7.78 7.87 8.07
Productivity 34.10
Index Points		 34.17 34.24 34.3 34.36 34.91
Labour Costs 115.30
Index Points		 103 104 104 104 104
Job Vacancies 260.60
Thousand 		260 264 275 290 314
Minimum Wages 1594.20
EUR/Month		 1594 1594 1614 1614 1626
Wage Growth 2.09
percent		 2.15 2.26 2.32 2.37 2.44
Wages in Manufacturing 114.50
Index Points		 114 114 114 116 120
Population 17.12
Million		 17.12 17.12 17.18 17.18 17.26
Retirement Age Women 66.00
 66 66 66.25 66 66.5
Retirement Age Men 66.00
 66 66 66.25 66 66.5
Labor Force Participation Rate 63.90
percent		 63.92 63.95 63.91 63.96 63.95
Living Wage Family 1450.00
EUR/Month		 1460 1460 1560 1460 1560
Living Wage Individual 1080.00
EUR/Month		 1077 1075 1075 1075 1075
Part Time Employment 4291.90
Thousand		 4298 4335 4335 4365 4408
Wages Low Skilled 1670.00
EUR/Month		 1690 1690 1690 1620 1750
Wages High Skilled 2940.00
EUR/Month		 3000 3000 3000 2847 3050
Employment Change 0.50
percent		 0.8 0.8 0.79 0.8 0.8
Employment Rate 76.20
percent		 76.97 76.95 76.87 77.13 77.75
Full Time Employment 4226.40
Thousand		 4249 4230 4220 4237 4244
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.30
percent		 1.8 2.1 2 2.3 2.3
Harmonised Consumer Prices 104.37
Index Points		 104 104 104 105 108
Consumer Price Index CPI 104.62
Index Points		 104 104 105 105 109
Core Consumer Prices 104.24
Index Points		 104 104 104 104 107
Core Inflation Rate 1.80
percent		 1.8 1.76 1.79 1.77 1.78
GDP Deflator 103.32
Index Points		 104 105 104 102 102
Producer Prices 105.90
Index Points		 107 108 106 108 113
Export Prices 105.40
Index Points		 103 103 103 103 103
Import Prices 103.80
Index Points		 103 103 103 103 103
Inflation Rate Mom 0.30
percent		 0.11 0.1 0.17 0.09 0.12
Producer Prices Change 4.96
percent		 2.5 2 2.1 2.2 2.1
CPI Housing Utilities 106.20
Index Points		 105 105 106 106 110
CPI Transportation 107.84
Index Points		 103 105 104 108 109
Food Inflation 0.40
percent		 0.47 0.57 0.57 0.57 0.57
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.00
percent		 0 0 0 0 0.75
Interbank Rate -0.32
percent		 -0.32 -0.32 -0.32 -0.32 0.43
Money Supply M0 61690.00
EUR Million		 62034 62662 63278 63882 69335
Money Supply M1 400330.00
EUR Million		 401029 398775 400690 398760 398831
Money Supply M2 851418.00
EUR Million		 852406 846543 851235 846510 847059
Money Supply M3 885410.00
EUR Million		 887361 886999 886937 886914 886907
Banks Balance Sheet 2443905.00
EUR Million		 2437881 2428377 2441113 2429049 2429371
Foreign Exchange Reserves 30992.00
EUR Million		 31052 30820 30654 30502 29920
Loans to Private Sector 317114.00
EUR Million		 316318 315308 316751 315594 316025
Private Debt to GDP 308.20
percent		 295 295 287 287 274
Central Bank Balance Sheet 348994.00
EUR Million		 350709 346970 344857 343991 343307
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 4612.00
EUR Million		 6050 4520 6700 7100 5050
Exports 40690.00
EUR Million		 42700 43200 45100 44500 46800
Imports 36078.00
EUR Million		 36650 38680 38400 37400 41750
Current Account 16769.50
EUR Million		 19100 22600 26900 19500 25100
Current Account to GDP 10.20
percent		 7.4 7.4 6.9 6.9 6.5
External Debt 4050746.00
EUR Million		 4018931 4006943 4042553 4011466 4034073
Terms of Trade 101.50
Index Points		 100 101 101 101 101
Capital Flows 16859.80
EUR Million		 15226 19751 22189 21573 19286
Remittances 38.10
EUR Million		 38.99 38.34 39.1 38.55 38.73
Gold Reserves 612.50
Tonnes		 612 612 613 613 613
Terrorism Index 2.41
 2.41 2.67 2.58 2.49 0.7
Weapons Sales 1167.00
USD Million		 842 873 860 846 634
Crude Oil Production 19.00
BBL/D/1K		 19.32 19.4 19.39 19.39 19.39
Foreign Direct Investment -24697.00
EUR Million		 44632 47793 48213 48650 49041
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 56.70
percent		 54.4 54.4 51.1 51.1 48
Government Budget 1.10
percent of GDP		 1.2 1.2 1.5 1.5 1.7
Government Spending 44597.00
EUR Million		 44942 45567 45781 45757 47780
Government Spending to GDP 42.60
percent		 42.2 42.2 42 42 41.9
Government Revenues 47.40
USD Billion		 49.74 47.31 54.15 52.46 48.96
Government Debt 410892.00
EUR Million		 409728 410022 409998 409945 409977
Fiscal Expenditure 51.00
EUR Billion		 45.54 47.06 44.21 49.45 47.28
Military Expenditure 9780.20
USD Million		 10067 10215 10315 10415 10474
Asylum Applications 2030.00
persons		 1423 1423 1423 1423 1423
Government Budget Value -3.60
EUR Billion		 4.2 0.39 9.94 3.01 1.68
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 5.90
Index Points		 6.5 7.7 6.9 6.5 2
Industrial Production -1.80
percent		 -0.73 -0.71 -0.56 -0.5 -0.38
Industrial Production Mom -0.60
percent		 0.17 0.04 0.05 0.06 0.06
Manufacturing Production 2.00
percent		 4.7 4.4 3.8 3.6 2
Capacity Utilization 84.50
percent		 83.53 83.48 83.51 83.54 83.52
Changes in Inventories 62.00
EUR Million		 446 363 264 225 238
Bankruptcies 325.00
Companies		 351 326 357 328 328
Car Registrations 41355.00
 38848 39074 40018 39886 39823
Internet Speed 17387.85
KBps		 17541 17577 17537 17585 17610
IP Addresses 9382252.00
IP		 9392728 9345369 9387835 9350982 9363971
Manufacturing Pmi 59.10
 59 58 57.4 56.9 55
Mining Production -49.30
percent		 -39.56 -42.64 -40.05 -40.47 -40.57
Steel Production 589.01
Thousand Tonnes		 582 578 577 576 576
Competitiveness Index 5.66
Points		 5.56 5.56 5.61 5.63 5.55
Competitiveness Rank 4.00
 5 5 5 5 6
Ease of Doing Business 32.00
 31 31 31 31 27
Electricity Production 9151.00
Gigawatt-hour		 9115 10120 9655 9131 9524
Corruption Index 82.00
Points		 81 81 82 83 83
Corruption Rank 8.00
 9 10 9 9 7
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 19.00
Index Points		 23 20 18 16 10
Retail Sales MoM 0.80
percent		 0.44 1.1 0.29 0.29 1.2
Retail Sales YoY 3.80
percent		 3.4 4 3.8 3.4 2.5
Consumer Spending 82061.00
EUR Million		 81721 82858 84139 84195 86883
Disposable Personal Income 331011.00
EUR Million		 321667 323678 325461 327245 341772
Personal Savings 7.51
percent		 11.19 12.09 11.74 11.88 11.84
Private Sector Credit 1046312.00
EUR Million		 1040498 1032970 1036704 1036429 1014531
Bank Lending Rate 1.04
percent		 1.04 1.04 1.04 1.04 1.79
Personal Spending 2.60
percent		 2.58 1.1 2.54 2.54 1
Consumer Credit 16353.00
EUR Million		 15950 15799 15661 15527 14689
Gasoline Prices 2.06
USD/Liter		 2.1 1.98 1.87 1.77 1.4
Households Debt To Gdp 104.30
percent of GDP		 103 103 102 102 98.96
Households Debt To Income 208.93
percent		 206 205 204 203 194
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Construction Output 7.40
percent		 7.04 5.96 5 4.22 1.47
Housing Index 125.40
Index points		 124 126 128 129 136
Building Permits 5629.00
 5656 5461 5471 5467 5466
Home Ownership Rate 69.40
percent		 68.83 69.1 68.98 68.86 66.82
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 47 47 47
Social Security Rate For Companies 18.69
percent		 18.5 18.5 18.48 18.47 18.53
Social Security Rate For Employees 27.65
percent		 28.11 28.11 28.04 28.01 28.16
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 18.32
celsius		 16.33 6.44 3.23 11.79 9.74