Netherlands joined the Euro Area on 1 January 1999.
According to Eurostat, nominal GDP of Netherlands in 2021 was 860.7 bln EUR.
Netherlands outperforms the European Union in terms of real GDP growth with the average annual differential coming to 0.2% over the past 10 years (2011 - 2021). In 2021 real GDP growth was 5.0% which was below the Euro Area average (5.3%) and below the European Union average (5.4%). Real GDP growth in 2022 - 2027 are IMF's estimates.
Chart 1. Real GDP Growth in Netherlands. Source: Eurostat, International Monetary Fund.
In 2021, nominal GDP per capita in Netherlands was 49,090 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 18.4% over the past 10 years (2011 - 2021). GDP per capita at PPP in 2022 - 2027 are IMF's estimates.
Chart 2. GDP Per Capita at Purchasing Power Parity in Netherlands; European Union = 100.
According to Eurostat, inflation rate in Netherlands in 2021 expressed as annual percentages of average consumer prices was 2.8% which was above the Euro Area average (2.6%) and below the European Union average (2.9%). Inflation rates in 2022 - 2027 are IMF's estimates.
Chart 3. Inflation Rate in Netherlands. Source: Eurostat, International Monetary Fund.
According to Eurostat, unemployment rate in Netherlands in 2020 was 4.9% which was below the Euro Area average (8.0%) and below the European Union average (7.2%). Unemployment rates in 2021 - 2027 are IMF's estimates.
Chart 4. Unemployment Rate in Netherlands. Source: Eurostat, International Monetary Fund.
According to Eurostat, government bond yield in Netherlands in February 2022 was 0.24000%, compared to -0.10000% in January 2022.
Chart 5. Government bond yield of Netherlands. Source: Eurostat.
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 September 2023, Scope Ratings for November 2024.
