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Indicators of economy in the Netherlands

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in the Netherlands, on the other hand, reached USD 57,768 per capita, or 1.013 trillion USD for the whole country. The Netherlands is therefore one of the world's largest economies and is currently at rank 17. If this is calculated per inhabitant, taking purchasing power parity into account, then the Netherlands rank 15th in the list of the richest countries.

Inflation in the Netherlands in 2021 was around 2.68%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 1.0 percent lower.
The index for perceived corruption in the public sector is 80, which is above average by global standards.


Back to overview: Netherlands

Impact of the COVID-19 pandemic

Overall, the gross domestic product in the Netherlands in 2020 decreased moderatly from 910.19 billion US dollars to 909.79 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 0.044 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 54 percent. The unemployment rate rose from 3.4 to 3.8 percent. The country's gross debt increased by 12.4 percent. The inflation rate fell from 2.6 percent previously to 1.3 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Netherlands
Total
Netherlands
per capita
EU
Total
EU
per capita
GDP1.013 tn USD57,767.88 USD17.177 tn USD33,384.92 USD
Gross national product967.84 bn USD55,200.76 USD16.895 tn USD32,835.37 USD


The Netherlands ranked 9th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. Out of the 2,000 largest listed companies in the world, 24 originate from the Netherlands. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country in 2022 were:

Rank 79: Stellantis (Amsterdam)
Rank 122: AIRBUS (Leiden)
Rank 183: ING Group (Amsterdam)
Rank 280: ASML Holding (Veldhoven)
Rank 288: Royal Ahold Delhaize N.V. (Zaandam)
Rank 337: NN Group (The Hague)
Rank 410: Heineken (Amsterdam)
Rank 419: Aegon (The Hague)
Rank 425: Philips (Amsterdam)
Rank 657: NXP Semiconductors (Eindhoven)

Development of gross domestic product in billions of USD 1960 - 2021


Household debt and deficits 2021


 Netherlands
Total
Netherlands
per capita
EU
Total
EU
per capita
Gross debt529.98 bn USD30,227.48 USD15.068 tn USD29,285.70 USD
Budget deficit25.89 bn USD1,476.47 USD799.24 bn USD1,553.35 USD


Imports and Exports 2021

 Netherlands
Total
Netherlands
per capita
EU
Total
EU
per capita
Imports738.18 bn USD42,102.19 USD8.916 tn USD17,329.02 USD
Exports850.26 bn USD48,494.65 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1970 - 2021

Exports
Imports



Netherlands: AirportsLargest airports and airlines in the NetherlandsThe 5 biggest airports and 6 airlines in the Netherlands with further information and data with further information on airlines and destinations
Netherlands: Public HolidaysPublic holidays in the Netherlands 2023-2027Statutory and inofficial holidays in the Netherlands for 2023 to 2027
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.