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Netherlands

Koninkrijk der Nederlanden

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$451.11 billion (2023 est.)

expenditures

$455.334 billion (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$1.007 trillion (2022 est.)

Exports 2023

$1.022 trillion (2023 est.)

Exports 2024

$1.032 trillion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$915.294 billion (2022 est.)

Imports 2023

$893.132 billion (2023 est.)

Imports 2024

$884.154 billion (2024 est.)

Industries

agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing

Labor force

10.315 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

note

note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment, debt instruments for the social funds are not sold at public auctions

Public debt 2017

56.5% of GDP (2017 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2022

0.4% of GDP (2022 est.)

Remittances 2023

0.4% of GDP (2023 est.)

Remittances 2024

0.4% of GDP (2024 est.)

Exchange rates

Currency

euros (EUR) per US dollar -

Exchange rates 2020

0.876 (2020 est.)

Exchange rates 2021

0.845 (2021 est.)

Exchange rates 2022

0.95 (2022 est.)

Exchange rates 2023

0.925 (2023 est.)

Exchange rates 2024

0.924 (2024 est.)

Economic overview

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

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

3.6% (2022 est.)

Unemployment rate 2023

3.6% (2023 est.)

Unemployment rate 2024

3.6% (2024 est.)

Exports - partners

Germany 16%, Belgium 15%, France 11%, Italy 6%, USA 6% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

Germany 16%, Belgium 10%, China 10%, USA 10%, UK 5% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$71,300 (2022 est.)

Real GDP per capita 2023

$70,700 (2023 est.)

Real GDP per capita 2024

$70,900 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

5% (2022 est.)

Real GDP growth rate 2023

0.1% (2023 est.)

Real GDP growth rate 2024

1% (2024 est.)

Agricultural products

milk, sugar beets, potatoes, onions, pork, wheat, chicken, tomatoes, carrots/turnips, beef (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

refined petroleum, vaccines, machinery, crude petroleum, broadcasting equipment (2023)

note: top five export commodities based on value in dollars

Imports - commodities

crude petroleum, refined petroleum, broadcasting equipment, cars, natural gas (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

$69.676 billion (2022 est.)

Current account balance 2023

$113.676 billion (2023 est.)

Current account balance 2024

$121.825 billion (2024 est.)

Taxes and other revenues

24.8% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$1.228 trillion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

42.1% (2023 est.)

government consumption

24.5% (2023 est.)

investment in inventories

-0.1% (2023 est.)

investment in fixed capital

20.1% (2023 est.)

exports of goods and services

88.5% (2023 est.)

imports of goods and services

-77.4% (2023 est.)

Population below poverty line

14.5% (2021 est.)

note: % of population with income below national poverty line

Average household expenditures

on food

11.7% of household expenditures (2023 est.)

on alcohol and tobacco

3% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

10% (2022 est.)

Inflation rate (consumer prices) 2023

3.8% (2023 est.)

Inflation rate (consumer prices) 2024

3.3% (2024 est.)

Industrial production growth rate

-1.5% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$1.263 trillion (2022 est.)

Real GDP (purchasing power parity) 2023

$1.263 trillion (2023 est.)

Real GDP (purchasing power parity) 2024

$1.276 trillion (2024 est.)

Youth unemployment rate (ages 15-24)

male

8.4% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

8.2% (2024 est.)

female

7.9% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$63.353 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$69.83 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$79.129 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

17.9% (2024 est.)

services

70.3% (2024 est.)

agriculture

1.7% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

3.6% (2021 est.)

highest 10%

21.4% (2021 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2021

25.7 (2021 est.)