household debts in the Netherlands

Gross debt in the Netherlands

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in the Netherlands in the period from 1998 to 2021 was between 213.5 billion and 605.5 billion USD. The hightest level within the past 23 years was reached in 2014. However, the liabilities in 2021 have been only 530 billion USD The budget deficit in the same year was 25.9 billion USD.

Based on the number of inhabitants, this is a debt of 30,227 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearNetherlands totalNetherlands per capitaEU per capita
1998264.75 bn USD16,855 USD14,079 USD
1999251.62 bn USD15,913 USD14,032 USD
2000217.50 bn USD13,657 USD11,232 USD
2001213.50 bn USD13,306 USD11,255 USD
2002231.32 bn USD14,324 USD12,258 USD
2003290.09 bn USD17,879 USD15,286 USD
2004331.24 bn USD20,344 USD17,595 USD
2005341.18 bn USD20,906 USD18,327 USD
2006331.63 bn USD20,288 USD18,877 USD
2007364.80 bn USD22,269 USD20,898 USD
2008520.66 bn USD31,659 USD24,086 USD
2009494.77 bn USD29,931 USD25,361 USD
2010502.03 bn USD30,215 USD26,496 USD
2011558.52 bn USD33,458 USD29,231 USD
2012555.51 bn USD33,155 USD28,174 USD
2013593.62 bn USD35,325 USD29,981 USD
2014605.50 bn USD35,903 USD30,648 USD
2015494.88 bn USD29,214 USD25,918 USD
2016485.28 bn USD28,495 USD26,261 USD
2017474.82 bn USD27,717 USD27,024 USD
2018479.16 bn USD27,807 USD28,448 USD
2019441.72 bn USD25,467 USD27,168 USD
2020496.62 bn USD28,474 USD30,783 USD
2021529.98 bn USD30,227 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Netherlands       European Union

Budget deficit in the Netherlands

household debts in the NetherlandsThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget balance in the Netherlands in the period between 1998 and 2021 varied between -45.07 billion euros and +15.67 billion euros. In 2021, the Netherlands reached a balance of -26 billion euros.

In ratio to population, this equals a new indebtedness of 1,476 euros per capita in the Netherlands in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit and surplus in the last 23 years

YearNetherlands totalNetherlands per capitaEU per capita
1998-3.49 bn USD-222 USD-398 USD
19991.71 bn USD108 USD-204 USD
20007.61 bn USD478 USD112 USD
2001-0.97 bn USD-60 USD-299 USD
2002-9.18 bn USD-569 USD-565 USD
2003-16.85 bn USD-1,039 USD-840 USD
2004-11.23 bn USD-690 USD-920 USD
2005-1.74 bn USD-106 USD-822 USD
20061.53 bn USD94 USD-568 USD
2007-0.78 bn USD-48 USD-360 USD
20081.92 bn USD117 USD-1,085 USD
2009-45.03 bn USD-2,724 USD-2,021 USD
2010-45.07 bn USD-2,712 USD-1,970 USD
2011-40.35 bn USD-2,417 USD-1,462 USD
2012-33.66 bn USD-2,009 USD-1,220 USD
2013-26.30 bn USD-1,565 USD-1,027 USD
2014-20.19 bn USD-1,197 USD-852 USD
2015-16.01 bn USD-945 USD-577 USD
20160.09 bn USD5 USD-423 USD
201710.98 bn USD641 USD-263 USD
201813.07 bn USD758 USD-139 USD
201915.67 bn USD903 USD-197 USD
2020-33.79 bn USD-1,938 USD-2,312 USD
2021-25.89 bn USD-1,476 USD-1,787 USD

(negative numbers = deficit)
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