GDP growth of Netherlands is expected to be around 2% till 2020, due to slowing private consumption and investment. Netherlands wage growth and inflation are expected to increase gradually due to the tightening of the labour market. The large current account surplus of Netherlands is also expected to increase further.
In World Bank’s ease of doing business ranking Netherlands was ranked 36 out of 190 countries in 2018. Netherlands’s ease of doing business ranking slipped from 32nd position in 2017.
The Netherlands, a country located in Northwest Europe, is bordered by the North Sea to the north and west, Belgium to the south, and Netherlands to the east. The Netherlands is divided into 12 provinces, with Amsterdam as the capital. The official language of the Netherlands is Dutch, and the currency is the euro (EUR).
Netherlands had estimated population of 17.03 million in the year 2016 and expected to reach 17.33 million by 2022. Netherlands around 8.294 million was employed in 2016 and the unemployment rate was 5.552% of total labor force.
Netherlands real gross domestic product (GDP) was around Euro 669.322 billions in 2016 whereas the nominal GDP was Euro 696.871 billions. This resulted in GDP deflator 104.116. Per capita GDP was estimated at USD 45282.63 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 51049.02. The output gap for Netherlands in 2016 was negative at 1.879% of the potential GDP.
In 2016, Netherlands government’s revenue was Euro 304.968 billions whereas the expenditure was Euro 308.459 billions. This resulted Netherlands government’s net lending / borrowing negative at Euro 3.49 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Netherlands was estimated to be at USD 74.304 billions for the year 2016 and is expected to grow at a CAGR of 1.96% and reach USD 74.629 by 2022. This positive current account balance indicates the Netherlands is net lender to the whole world.
*If Applicable.