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    Netherlands - Economy
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    How is the economy of Netherlands? Based on the information we have, Netherlands has a <p>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</p>. 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 N/A
    Exchange rates
    Currencyeuros (EUR) per US dollar -
    Exchange rates 20240.924 (2024 est.)
    Exchange rates 20230.925 (2023 est.)
    Exchange rates 20220.95 (2022 est.)
    Exchange rates 20210.845 (2021 est.)
    Exchange rates 20200.876 (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 201756.5% of GDP (2017 est.)
    Budget
    Revenues$451.11 billion (2023 est.)
    Expenditures$455.334 billion (2023 est.)
    Budget surplus (+) or deficit (-) N/A
    Remittances
    Remittances 20240.4% of GDP (2024 est.)
    Remittances 20230.4% of GDP (2023 est.)
    Remittances 20220.4% of GDP (2022 est.)
    Household income
    Lowest 10%3.6% (2021 est.)
    Highest 10%21.4% (2021 est.)
    Average household expenditures
    On food11.7% of household expenditures (2023 est.)
    On alcohol and tobacco3% 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 forcecrude petroleum, refined petroleum, broadcasting equipment, cars, natural gas (2023)
    Exports
    Exports 2024$1.032 trillion (2024 est.)
    Exports 2023$1.022 trillion (2023 est.)
    Exports 2022$1.007 trillion (2022 est.)
    Exports (partners)Germany 16%, Belgium 15%, France 11%, Italy 6%, USA 6% (2023)
    Comodities Exports forcerefined 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
    Agriculture1.7% (2024 est.)
    Industry17.9% (2024 est.)
    Services70.3% (2024 est.)
    GDP - composition, by end use
    Household consumption42.1% (2023 est.)
    Government consumption24.5% (2023 est.)
    Investment in fixed capital20.1% (2023 est.)
    Investment in inventories-0.1% (2023 est.)
    Exports of goods and services88.5% (2023 est.)
    Imports of goods and services-77.4% (2023 est.)
    Unemployment rate
    Unemployment rate 20243.6% (2024 est.)
    Unemployment rate 20233.6% (2023 est.)
    Unemployment rate 20223.6% (2022 est.)
    Youth unemployment rate (ages 15-24)
    Total8.2% (2024 est.)
    Male8.4% (2024 est.)
    Female7.9% (2024 est.)
    All Important Facts about Netherlands

    Want to know more about Netherlands? Check all different factbooks for Netherlands below.

    Netherlands is found in Western Europe