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Indicators of economy in the Netherlands

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in the Netherlands reached 52.397 US dollars per inhabitant, or 913.87 bn US Dollar in 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 into account the purchasing power parity, then the Netherlands is in the list of the world's richest countries in place 14.

Inflation in the Netherlands was in 2021 at around 2.68%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 0.2% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Netherlands

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in the Netherlands in 2020 increased from 910.19 billion US Dollar to 913.87 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 0.40 percent increase has been rather unusual this year. While most countries have suffered significant losses, the Netherlands has certainly held its own. 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%. The inflation rate has fallen from 2.6 percent previously to 1.3 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Netherlands
Total
Netherlands
per capita
EU
Total
EU
per capita
GDP913.87 bn USD52,397.12 USD15,291.93 tn USD29,692.11 USD
Gross national product890.76 bn USD51,072.61 USD15,330.84 tn USD29,767.66 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. 20 of the 2000 largest listed companies in the world originate from the Netherlands. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country were in 2021:

Rank 146: ING Group (Amsterdam)
Rank 249: ASML Holding (Veldhoven)
Rank 258: Royal Ahold Delhaize N.V. (Zaandam)
Rank 280: NN Group (The Hague)
Rank 323: Philips (Amsterdam)
Rank 324: Royal Dutch Shell (The Hague)
Rank 396: AIRBUS (Leiden)
Rank 419: Stellantis (Lijnden)
Rank 676: Heineken (Amsterdam)
Rank 772: Aegon (The Hague)

Development of the Gross domestic product in billion US Dollar 1960 - 2020


Household debt and deficits 2021


 Netherlands
Total
Netherlands
per capita
EU
Total
EU
per capita
Gross debt529.98 bn USD30,386.76 USD15,068.26 tn USD29,257.82 USD
Budget deficit25.89 bn USD1,484.25 USD799.24 bn USD1,551.87 USD


Im- and Exports 2020

 Netherlands
Total
Netherlands
per capita
EU
Total
EU
per capita
Imports616.30 bn USD35,335.89 USD7,340.01 bn USD14,251.98 USD
Exports711.62 bn USD40,801.42 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1970 - 2020

Exports
Imports



Netherlands: AirportsLargest airports and airlines in the NetherlandsThe 5 biggest airports and 5 airlines in the Netherlands with further information and data
Netherlands: Public HolidaysPublic holidays in the Netherlands 2022-2026Statutory and inofficial holidays in the Netherlands for 2022 to 2026
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.