Economy of Netherlands
Population: 17.23 M (2018)
GDP per Capita: 53,024 USD (2018)
913,660 M.

GDP USD

(2018)

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770,410 M.

EXPORTS USD

(2018)

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670,000 M.

IMPORTS USD

(2018)

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48.60 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.60 % (2018)
GDP of 2010 USD USD 948.10 B. (2018)
GDP Current USD USD 913.66 B. (2018)
GDP per Capita Current USD USD 53,024 (2018)
GDP per capita, PPP USD 49,787 (2018)
GDP per Capita, 2010 USD USD 55,023 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 24.24 % (2018)
Government Spending USD 221.45 B. (2018)
Government Debt % GDP 48.60 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 120.47 (2018)
Trade Openness 157.65 % (2018)
Exports of Goods and Services % GDP 84.32 % (2018)
Exports Goods & Services USD 770.41 B. (2018)
Exports Annual Growth 3.75 % (2018)
Imports as % GDP 73.33 % (2018)
Total Imports USD 670.00 B. (2018)
Foreign Direct Investment % GDP 11.57 % (2017)
Foreign Direct Investment USD 96.25 B. (2017)
Current Account Balance % GDP USD 10.84 % (2018)
Current Account Balance USD 99.07 B. (2018)
Trade Balance % GDP 10.99 % (2018)
Trade Balance USD 97.49 B. (2018)
Foreign Exchange Reserves incl Gold USD 38.43 B. (2018)
Remittances % GDP 0.27 % (2018)
Remittances USD 183 M. (2018)
Balance of Payments USD 6,534 M. (2018)

Labor Market

Indicator Value
Labor Force 9.18 M. (2019)
Unemployment Rate 3.76 % (2019)
Unemployment Rate Females 3.36 % (2019)
Unemployment Rate Males 3.05 % (2019)
Youth Unemployment (ages 15-24) 6.98 % (2019)
Labor Force Participation Rate 63.16 % (2019)
Labor Force (Percent Female) 46.23 % (2019)
Female Labor Force Participation Rate 57.88 % (2019)
Male Labor Force Participation Rate 68.55 % (2019)
Dependent People 54.57 % (2018)

Agriculture Sector

Indicator Value
Forest Area 11.20 % (2016)
Forest Area km² 3,766 km² (2016)
Agricultural Land 53.31 % (2016)
Agricultural Land km² 17,960 km² (2016)
Employment 2.22 % (2019)
Value added % GDP 1.63 % (2018)
Agriculture Value added USD 14.90 B. (2018)
Crop Production Index 106.50 (2016)
Precipitation 778 mm (2014)
Arable Land 31 % (2016)
Cereal Yield 8,794 kg/hectare (2017)
Food production index 120 (2016)
Rural Population 9 % (2018)
Fertilizer use of Arable Land 289 kg/hectare (2016)
Livestock Production Index 123 (2016)
Economy of Netherlands

According to the World Bank and its latest published data, the economy of the Netherlands presents a growth rate of 2.60 % (2018) to the previous year.

With a population that reaches 17.23 M (2018) and a gross domestic product of USD 913.66 B. (2018), it translates a Gross Domestic Product per Capita of USD 53,024 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Netherlands also has a workforce of 9.18 M. (2019) with an unemployment rate of 3.76 % (2019), where women represent 3.36 % (2019) and men 3.05 % (2019), the unemployment rate for young people between 15-24 years old stood at 6.98 % (2019). The total number of dependent people stands at 54.57 % (2018).

The central government spent 24.24 % (2018) of its gross domestic product that year, which in absolute terms is USD 221.45 B. (2018). Its consolidated public debt reached 48.60 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Netherlands exported USD 770.41 B. (2018), which represents 84.32 % (2018) of its gross domestic product, in that same sense its imports reached USD 670.00 B. (2018) with a direct foreign investment of USD 96.25 B. (2017).

Netherlands has a forest area of 3,766 km² (2016), which represents 11.20 % (2016) of its total area, an average rainfall of 778 mm (2014) per year and a population of 9 % (2018) living in rural areas. With a total area of 17,960 km² (2016) available for agriculture and 2.22 % (2019) of its employments, the agricultural sector contributes to the economy of the Netherlands about USD 14.90 B. (2018) (1.63 % (2018) of its GDP).