Netherlands - Economy
How is the economy of Netherlands? Based on the information we have, Netherlands has a
high-income, core EU- and eurozone-member economy; strong services, logistics, and tech sectors; strongly trade-oriented with heightened risks from global tensions; declining inflation aided by easing energy prices and wage growth; rising but manageable deficits and public debt; strong ratings for innovation, competitiveness, and business climate
. Key agricultural products in this country include: milk, sugar beets, potatoes, onions, pork, wheat, chicken, tomatoes, carrots/turnips, beef (2023).More about the economy of Netherlands
| Labor force | 10.315 million (2024 est.) |
|---|---|
| Industrial production growth rate | -1.5% (2024 est.) |
| Industries | agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing |
| Population below poverty line | 14.5% (2021 est.) |
| Taxes and other revenues | 24.8% (of GDP) (2023 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | euros (EUR) per US dollar - |
| Exchange rates 2024 | 0.924 (2024 est.) |
| Exchange rates 2023 | 0.925 (2023 est.) |
| Exchange rates 2022 | 0.95 (2022 est.) |
| Exchange rates 2021 | 0.845 (2021 est.) |
| Exchange rates 2020 | 0.876 (2020 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $79.129 billion (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $69.83 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $63.353 billion (2022 est.) |
| Current account balance | |
| Current account balance 2024 | $121.825 billion (2024 est.) |
| Current account balance 2023 | $113.676 billion (2023 est.) |
| Current account balance 2022 | $69.676 billion (2022 est.) |
| Public debt | |
| Public debt 2017 | 56.5% of GDP (2017 est.) |
| Budget | |
| Revenues | $451.11 billion (2023 est.) |
| Expenditures | $455.334 billion (2023 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2024 | 0.4% of GDP (2024 est.) |
| Remittances 2023 | 0.4% of GDP (2023 est.) |
| Remittances 2022 | 0.4% of GDP (2022 est.) |
| Household income | |
| Lowest 10% | 3.6% (2021 est.) |
| Highest 10% | 21.4% (2021 est.) |
| Average household expenditures | |
| On food | 11.7% of household expenditures (2023 est.) |
| On alcohol and tobacco | 3% of household expenditures (2023 est.) |
| Imports | |
| Imports 2024 | $884.154 billion (2024 est.) |
| Imports 2023 | $893.132 billion (2023 est.) |
| Imports 2022 | $915.294 billion (2022 est.) |
| Imports (partners) | Germany 16%, Belgium 10%, China 10%, USA 10%, UK 5% (2023) |
| Comodities Imports force | crude petroleum, refined petroleum, broadcasting equipment, cars, natural gas (2023) |
| Exports | |
| Imports 2024 | $884.154 billion (2024 est.) |
| Imports 2023 | $893.132 billion (2023 est.) |
| Imports 2022 | $915.294 billion (2022 est.) |
| Exports (partners) | Germany 16%, Belgium 15%, France 11%, Italy 6%, USA 6% (2023) |
| Comodities Exports force | refined petroleum, vaccines, machinery, crude petroleum, broadcasting equipment (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $1.276 trillion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $1.263 trillion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $1.263 trillion (2022 est.) |
| GDP (official exchange rate) | $1.228 trillion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $70,900 (2024 est.) |
| Real GDP per capita 2023 | $70,700 (2023 est.) |
| Real GDP per capita 2022 | $71,300 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 1.7% (2024 est.) |
| Industry | 17.9% (2024 est.) |
| Services | 70.3% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 42.1% (2023 est.) |
| Government consumption | 24.5% (2023 est.) |
| Investment in fixed capital | 20.1% (2023 est.) |
| Investment in inventories | -0.1% (2023 est.) |
| Exports of goods and services | 88.5% (2023 est.) |
| Imports of goods and services | -77.4% (2023 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 3.6% (2024 est.) |
| Unemployment rate 2023 | 3.6% (2023 est.) |
| Unemployment rate 2022 | 3.6% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 8.2% (2024 est.) |
| Male | 8.4% (2024 est.) |
| Female | 7.9% (2024 est.) |
All Important Facts about Netherlands
Want to know more about Netherlands? Check all different factbooks for Netherlands below.
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Netherlands Factbook
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The Economy of Netherlands
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Learn about the Government of Netherlands
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Communication in Netherlands
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Popular Universities in Netherlands
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Enerny in Netherlands
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Transport in Netherlands
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The Geography and society of Netherlands
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The Environment of Netherlands
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Military and security in Netherlands