Markets Actual Q1 Q2 Q3 Q4 2023
Currency 1.13 1.13 1.12 1.12 1.12 1.11
Stock Market (points) 754.19 736 718 701 684 651
Government Bond 10Y (%) 0.04 0.04 0.05 0.05 0.06 0.07

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 2.10 0.7 0.6 0.7 0.5 0.4
GDP Annual Growth Rate (%) 5.20 5.8 2.5 2.5 2.4 1.2
Unemployment Rate (%) 3.80 3.4 3.7 3.5 3.3 3.2
Inflation Rate (%) 5.70 4.2 3.4 2.5 1.8 1.6
Interest Rate (%) 0.00 0 0 0 0.1 0.25
Balance of Trade (EUR Million) 4589.00 6050 6550 4500 5240 9450
Current Account (EUR Million) 19068.00 24600 22300 25100 17500 18800
Current Account to GDP (% of GDP) 7.80 8.6 8.6 8.6 8.6 7.8
Government Debt to GDP (% of GDP) 54.50 56.8 56.8 56.8 56.8 56.8
Government Budget (% of GDP) -4.30 -2 -2 -2 -2 -2
Business Confidence (points) 10.20 3.6 4 4.5 2 1
Consumer Confidence (points) -28.00 -14 -10 -8 -8 -4
Corporate Tax Rate (%) 25.00 21.7 25 25 21.7 21.7
Personal Income Tax Rate (%) 49.50 52 49.5 49.5 49.5 49.5

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 2.10 0.7 0.6 0.7 0.5 0.4
GDP Annual Growth Rate (%) 5.20 5.8 2.5 2.5 2.4 1.2
GDP (USD Billion) 913.87 950 950 950 950 990
GDP Constant Prices (EUR Million) 193761.20 197174 193798 194808 198605 197167
Gross National Product (EUR Million) 190079.42 191550 194206 201294 194831 196147
Gross Fixed Capital Formation (EUR Million) 39112.00 41875 43228 41194 40090 42363
GDP per capita (USD) 46327.67 54600 54600 54600 54600 54600
GDP per capita PPP (USD) 54209.56 55700 55700 55700 55700 56500
GDP From Agriculture (EUR Million) 3486.00 3201 3374 2687 3573 3409
GDP From Construction (EUR Million) 7694.00 8555 9790 9489 7886 8597
GDP From Manufacturing (EUR Million) 21033.00 22575 22349 22674 21559 23906
GDP From Mining (EUR Million) 1064.17 2093 1466 1232 1091 1381
GDP From Public Administration (EUR Million) 11448.00 13499 11984 13350 11734 13822
GDP From Services (EUR Million) 36699.88 36913 33349 36636 37617 35589
GDP From Transport (EUR Million) 8160.00 7615 7290 7997 8364 7798
GDP From Utilities (EUR Million) 1046.00 1185 1120 1182 1072 1265

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 3.80 3.4 3.7 3.5 3.3 3.2
Labour Costs (points) 106.50 115 126 109 109 111
Wages (EUR/Month) 3042.00 3141 3118 3109 3100 3190
Wages in Manufacturing (points) 124.40 126 126 127 127 130
Wage Growth (%) 2.02 2.2 1.9 2 2.3 2.1
Minimum Wages (EUR/Month) 1701.00 1725 1725 1725 1725 1745
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 (%) 71.20 71.6 71.8 71.9 71.8 71.9

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 5.70 4.2 3.4 2.5 1.8 1.6
Consumer Price Index CPI (points) 114.01 113 113 114 116 118
Harmonised Consumer Prices (points) 114.09 113 113 113 116 118
Core Consumer Prices (points) 110.18 110 111 111 112 114
Core Inflation Rate (%) 2.40 1.4 1.6 1.7 1.8 1.9
Producer Prices (points) 121.90 122 125 126 128 131
Inflation Rate Mom (%) 0.70 0.3 0.4 0.3 0.4 0.3
Producer Prices Change (%) 19.80 12 10 7.5 5.1 2
Food Inflation (%) 2.60 1.2 1.5 1.4 2 1.8
CPI Housing Utilities (points) 121.99 116 116 117 124 126
CPI Transportation (points) 118.67 119 120 120 120 121

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 0.00 0 0 0 0.1 0.25
Interbank Rate (%) -0.58 -0.58 -0.58 -0.58 -0.48 -0.48
Private Debt to GDP (%) 283.60 310 310 310 310 306

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (EUR Million) 4589.00 6050 6550 4500 5240 9450
Current Account (EUR Million) 19068.00 24600 22300 25100 17500 18800
Current Account to GDP (% of GDP) 7.80 8.6 8.6 8.6 8.6 7.8
Imports (EUR Million) 52013.00 51750 49750 53600 53760 55550
Exports (EUR Million) 56601.00 57800 56300 58100 59000 65000

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 54.50 56.8 56.8 56.8 56.8 56.8
Government Budget (% of GDP) -4.30 -2 -2 -2 -2 -2
Government Spending (EUR Million) 48848.00 47500 49435 49740 48000 48000
Government Spending to GDP (% of GDP) 48.10 44 44 44 44 44
Government Revenues (USD Billion) 62.00 68.6 56.2 63.8 62 64
Fiscal Expenditure (EUR Billion) 82.90 60 69.6 68.9 66.5 65.1
Government Budget Value (EUR Billion) -21.00 -8.7 8.6 -13.4 -5.1 -4.5

Taxes Actual Q1 Q2 Q3 Q4 2023
Corporate Tax Rate (%) 25.00 21.7 25 25 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 Q1 Q2 Q3 Q4 2023
Business Confidence (points) 10.20 3.6 4 4.5 2 1
Manufacturing Production (%) 10.60 3.2 0.5 1.3 3.4 3.4
Manufacturing PMI (points) 58.70 57 55 54.5 54 53.6

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) -28.00 -14 -10 -8 -8 -4
Retail Sales YoY (%) 5.20 6 4.5 5.3 4.9 3.2
Consumer Spending (EUR Million) 82348.00 86753 78932 81332 84407 82586
Disposable Personal Income (EUR Million) 377777.00 364946 399688 387221 387221 403478
Bank Lending Rate (%) 0.31 0.31 0.31 0.31 0.41 0.41
Personal Spending (%) 8.70 4.4 1 1.6 2.5 2.5
Gasoline Prices (USD/Liter) 2.30 2.19 2.08 1.97 1.87 1.78
Consumer Credit (EUR Million) 10261.00 16848 11232 10518 10518 13137

Housing Actual Q1 Q2 Q3 Q4 2023
Housing Index (points) 176.30 167 169 166 165 170


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 Sunday, January 23, 2022.