Macroeconomics - Statistics Netherlands This is very impressive given that, in terms of square kilometers, it is one of the smallest countries in the . This country had a population of ca. The Dutch punch above their weight by ranking as the most competitive economy in Europe and fourth in the world according to the World Economic Forum, the fourth most . Netherlands GDP - 2022 Data - 2023 Forecast - 1960-2021 Historical API users can feed a custom application. Answer (1 of 7): Probabiliteit very few major problems, the Netherlands is after all one of the richest and egalitarian societies in the western world. Research by the Ellen MacArthur Foundation and the Netherlands Organisation for Applied Scientific Research (TNO) expect very positive effects on employment. Netherlands: CO2 Country Profile - Our World in Data Global Online Marketing Profile 2010 Forecast - The Netherlands Taxes are complex and lack transparency. Industry focuses on food processing, chemicals, petroleum refining, and . She Wants Her Wealth Taxed Away. Offer lower interest rates to citizens wanting to create their own start-up company. The Netherlands is the fifth largest economy in the Euro Zone and the third largest exporter in the region. Switch to the accessible table representation. The Netherlands spans an area of 41,543 sq km in the Central & Western Europe region. The Netherlands - Economic crisis, health systems and health in Europe The Netherlands is larger than the state of Maryland, but smaller than West Virginia. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. 29/09/2022 15:30. Only the political parties can take part in the elections. Netherlands - Economy | Britannica Data in doing business 2020 are current as of May 1, 2019. Netherlands Population 17.4 million GDP per capita 52,456 US$ A2 Country risk assessment A1 Business Climate Change country Compare countries You've already selected this country. Physical reconstruction has proceeded satisfactorily and both agricultural and industrial . In fact, its economy ranks as the 17th largest in the world and plays an important role in the European economy. Growth slowed considerably in 2001-05 as part of the early 2000s recession. PESTEL analysis of the Netherlands (Country Profile) The North Sea, located to the north and west of the Netherlands, is continually battering the land. Netherlands - The Observatory of Economic Complexity Netherland's Economic Outlook in Five Charts - IMF Bonaire's economy shrank by over 8 percent in 2020. GDP in Netherlands averaged 390.30 USD Billion from 1960 until 2021, reaching an all time high of 1018.01 USD Billion in 2021 and a record low of 12.28 USD Billion in 1960. Holland also ranks in the world's top twenty for GNP. GDP of the Netherlands 1960-2020 . Economic growth Expenditure on GDP (% real change) = 2023 = 2024 Private consumption Government consumption Gross fixed investment Exports of goods & services Imports of goods & services Source: The Economist Intelligence Unit Forecast updates Overview In 2020, Netherlands was the number 17 economy in the world in terms of GDP (current US$), the number 6 in total exports, the number 8 in total imports, the number 12 economy in terms of GDP per capita (current US$) and the number 22 most complex economy according to the Economic Complexity Index (ECI). With the resumption of global trade and the end of the first . GDP growth in 2021 was 3.8%, with the economy surpassing its pre-pandemic level late that year. US$998.3 billion in 2021. SGI 2016 | The Netherlands | Economic Policies It has a good labour force and due to small geographic size, the land resources are usefully consumed and the demands of the nation are fulfilled. Economy of the Netherlands | Statista The Netherlands is a small country sandwiched between Belgium and Germany in Western Europe. Its GDP per capita was estimated at $68,572 in the fiscal year 2022, which makes it one of the highest-earning nations in the world. European Netherlands is a low-lying country with around a quarter of its territory at or below sea level, it covers an area of 41,543 km making it just slightly larger than Switzerland (41,285 km) or half the size of the U.S. state of South Carolina. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Netherlands - United States Department of State 0 country selected Clear all Add a country Add a country The most important sectors of the Netherlands' economy in 2015 were public administration, defence, education, human health and social work activities (21.8 %), wholesale and retail trade, transport, accommodation and food services (21.0 %) and industry (15.4 %). Standard users can export data in a easy to use web interface or using an excel add-in. Source: Forbes. The Netherlands' Economy & Society | Statista Netherlands literally means "lower countries" in reference to its low elevation and flat topography, with only about 50% of its land exceeding 1 m (3.3 ft) above sea level, and nearly 26% falling below sea level. Netherlands Country Profile - Food Export Netherlands - Country Profile - Nations Online Project Netherlands Economic Outlook May 31, 2022 The Dutch economy made a hesitant start to the year, with growth evaporating on the back of falling household consumption and moderating investment growth. The GDP value of Netherlands represents 0.76 percent of the world economy. Although agriculture accounts for a small percentage of the national income and labour force, it remains a highly specialized contributor to Dutch exports. Wage growth remains sluggish, which together with higher inflation is limiting the increase . We face big challenges to help the world's poorest people and ensure that everyone sees benefits from economic growth. The Netherlands: Economic risks now also have a Dutch origin Integrating Monetary Environmental Accounts. The unemployment rate increased from a record low of 2.9% in early 2020 to 4.5% at the end of that year, but had returned below 3% by late 2021. Dutch Dependencies were the Caribbean islands of Aruba, and the Netherlands Antilles. It consists of 150 members. 1. The budget deficit increased in 2009 as government spending, already high for the European region relative to the size of its economy, was maintained. During the second quarter, the data points to a two-speed economy. Following real growth of 4.3% in 2021, the Netherlands' economy is expected to expand at an average annual real rate of 1.3% over . Compared to many EU countries, the Netherlands has lower unemployment rates. The Netherlands is a part of the euro zone and the 17 th largest economy in the world. Globally, it is in the top 10 for this category. Netherlands: Energy Country Profile - Our World in Data The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a consistently high trade surplus, stable industrial relations, and low unemployment. The Saturday Profile She's Inheriting Millions. The Netherlands Economy is the Most Competitive in Europe - NFIA Dutch economic growth grinds to halt as energy prices soar - central Labour scarcity is starting to hinder production, especially housing investment. Marlene Engelhorn, 30, heir to a fortune, isn't interested in philanthropy, believing it only perpetuates existing. Exports The top exports of Netherlands Antilles are N/A, exporting mostly to N/A. The Netherlands: Development news, research, data | World Bank Economy of the Netherlands - Wikipedia Dutch GDP growth will be held back by the flare-up of the virus, the social distancing measures . These figures look specifically at CO 2 emissions - not total greenhouse gas emissions. Netherlands: Economic System - World Health Systems Facts September 2013, banks in the Netherlands had nearly 6 billion euros less in outstanding corporate loans than in August. The port of Rotterdam is the largest port in Europe and the third busiest . Netherlands - Geography of immigrants wishing to work in Netherlands. Netherlands's Economics Netherlands's GDP Size GDP data is measured in Puchasing Power Parity International Dollars, including new estimates for the Informal Economy and outdated Base Years. It joined NATO in 1949 and was a founding member of the European Economic Community (later renamed the European Community and now embedded in the European Union). Netherlands Economy - GDP, Inflation, CPI and Interest Rate The parliament consists of two chambers. A modern, industrialized nation, the Netherlands is also a large exporter of agricultural products. The indicators are used to analyze economic outcomes and identify what reforms of business regulation have worked, where, and why. Show more in-depth . The economy is dependent on foreign trade and derives more than 65 percent of GDP from both port activities and merchandise exports. Netherlands | OECD Tourism Trends and Policies 2020 | OECD iLibrary Economics in The Netherlands. Inflation will remain high throughout 2022 averaging 9.2% due to continuing supply shortages and high energy prices, before falling back to 4.8% on average in 2023. Threats and challenges for the Netherlands | Clingendael 1952 - The Netherlands is a founding member of the European Coal and Steel Community, which becomes the European Economic Community five years later. Private consumption will continue to support growth, but will be subdued as the rising cost of living erodes . Labor market developments were favorable, with unemployment reaching a historic low of 3.8 percent. Netherlands Economy, Politics and GDP Growth Summary - The Economist Business lending is down 1.3%. 2. Globalisation and trade provide important business opportunities for this outward-facing economy. Below is a short introduction to the Netherlands. . 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