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.
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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 | |
---|---|---|---|---|
GDP | 1.013 tn USD | 57,767.88 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 967.84 bn USD | 55,200.76 USD | 16.895 tn USD | 32,835.37 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 debt | 529.98 bn USD | 30,227.48 USD | 15.068 tn USD | 29,285.70 USD |
Budget deficit | 25.89 bn USD | 1,476.47 USD | 799.24 bn USD | 1,553.35 USD |
› Debt budget development
› Development of inflation
› Corruption in the Netherlands
› Cost of living in a global comparison
› Development of inflation
› Corruption in the Netherlands
› Cost of living in a global comparison
Imports and Exports 2021
Netherlands Total | Netherlands per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 738.18 bn USD | 42,102.19 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 850.26 bn USD | 48,494.65 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1970 - 2021
Exports
Imports