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Economy and Banking Sector of the Netherlands

National Currency

Euro (EUR)

Netherlands joined the Euro Area on 1 January 1999.

GDP

Nominal GDP (2019)
812.1 bln EUR  (+0.05%)
Nominal GDP per Capita (2019)
46,820 EUR  (+0.04%)
Real GDP Growth (2019)
1.8 %  (2018: 2.7 %)

According to Eurostat, nominal GDP of Netherlands in 2019 was 812.1 bln EUR.

Netherlands underperforms the European Union in terms of real GDP growth with the average annual differential coming to 0.0% over the past 10 years (2009 - 2019). In 2019 real GDP growth was 1.8% which was above the Euro Area average (1.2%) and above the European Union average (1.5%). Real GDP growth in 2020 - 2024 are IMF's estimates.

Real GDP Growth in Netherlands.

Chart 1. Real GDP Growth in Netherlands. Source: Eurostat, International Monetary Fund.

In 2019, nominal GDP per capita in Netherlands was 46,820 EUR.

Netherlands has an above-average level of wealth in terms of per-capita GDP at purchasing power parity (PPP); this economic welfare indicator has, on average, exceeded that of the European Union by 27.1% over the past 10 years (2008 - 2018). GDP per capita at PPP in 2019 - 2024 are IMF's estimates.

GDP Per Capita at Purchasing Power Parity in  Netherlands; European Union = 100.

Chart 2. GDP Per Capita at Purchasing Power Parity in Netherlands; European Union = 100.

Inflation Rate

CPI, MoM (May 2020)
-0.2 %  (Apr 2020: 1.0 %)
CPI, YoY (May 2020)
1.0 % (unchanged)
CPI, Year Average (2019)
2.7 %  (2018: 1.6 %)

According to Eurostat, inflation rate in Netherlands in 2019 expressed as annual percentages of average consumer prices was 2.7% which was above the Euro Area average (1.2%) and above the European Union average (1.5%). Inflation rates in 2020 - 2024 are IMF's estimates.

Inflation Rate in Netherlands.

Chart 3. Inflation Rate in Netherlands. Source: Eurostat, International Monetary Fund.

Unemployment Rate

Unemployment Rate (2019)
3.4 %  (2018: 3.8 %)

According to Eurostat, unemployment rate in Netherlands in 2019 was 3.4% which was below the Euro Area average (7.6%) and below the European Union average (6.3%). Unemployment rates in 2020 - 2024 are IMF's estimates.

Unemployment Rate in Netherlands.

Chart 4. Unemployment Rate in Netherlands. Source: Eurostat, International Monetary Fund.

Government Bond Yield

Government Bond Yield (Apr 2020)
-0.22 %  (Mar 2020: -0.33 %)

According to Eurostat, government bond yield in Netherlands in April 2020 was -0.22%, compared to -0.33% in March 2020.

Government bond yield of Netherlands.

Chart 5. Government bond yield of Netherlands. Source: Eurostat.

Credit Ratings (as of Aug 2020)

Fitch
AAA (highest credit quality), outlook stable
Moody's
Aaa (prime), outlook stable
Scope
AAA (prime), outlook stable

The Netherlands has sovereign credit ratings assigned by American credit rating agencies Fitch and Moody's: the rating set by Fitch is AAA (highest credit quality), outlook stable; the rating set by Moody's is Aaa (prime), outlook stable. Scope Ratings, the European rating agency, rated The Netherlands as AAA (prime), outlook stable.

Fitch and Moody's rating data are provided for June 2020, Scope Ratings for August 2020.