August 16, 2017

Concept Table Main Economic Indicators 2015-2018

The Dutch economy is well on the rise, according to the latest projections by CPB Netherlands Bureau for Economic Policy Analysis. For this year, economic growth is projected to increase to 3.3%, thanks to a very strong second quarter. This would be the first time since the beginning of the crisis (2007) that growth is higher than 3%. For 2018, the economic outlook has also been revised upward, when CPB projects growth to reach 2.5%.

Main conclusions

Read the accompanying press release.

Economic growth in the Netherlands, 2008-2018

>This chart depicts the growth of the Dutch economy in the Netherlands from 2008 - 2018.

Table 'Main economic indicators', 2015-2018 (a)

International items
  2015 2016 2017 2018
Relevant world trade volume goods
and services (%)

3.8

3.6

4.3

4.0

Export price competitors (goods and
services, non-commodities, %)

7.9

-3.7

0.6

0.0

Crude oil price (dollar per barrel)

51.9

43.3

49.3

49.5

Exchange rate (dollar per euro)

1.11

1.11

1.11

1.14

Long-term interest rate the
Netherlands (level in %)

0.7

0.3

0.6

0.8


GDP and demand (volume)
  2015 2016 2017 2018
Gross domestic product
(GDP, economic growth, %)

2.3

2.2

3.3

2.5

Consumption households (%)

2.0

1.6

2.2

2.3

Consumption general government (%)

-0.2

1.2

0.5

1.6

Capital formation including
changes in stock (%)

11.2

3.1

6.3

4.7

Exports of goods and services (%)

6.5

4.3

4.9

4.5

Imports of goods and services (%)

8.4

4.1

4.4

5.1


Prices, wages and purchasing power
  2015 2016 2017 2018
Price gross domestic product (%)

0.8

0.6

1.1

1.6

Export price goods and services
(non-energy, %)

1.5

-0.9

1.0

0.3

Import price goods (%)

-5.4

-4.4

3.6

-0.5

Inflation, harmonised index of
consumer prices (hicp, %)

0.2

0.1

1.3

1.3

Compensation per hour private sector (%)

-0.2

0.6

2.2

3.2

Contractual wages private sector (%)

1.2

1.5

1.6

2.2

Purchasing power, static, median,
all households (%)

1.0

2.7

0.3

0.5


Labour market
  2015 2016 2017 2018
Labour force (%)

0.4

0.4

0.8

1.1

Active labour force (%)

1.0

1.3

2.0

1.7

Unemployment
(in thousands of persons)

614

538

440

395

Unemployed rate (% of the labour force)

6.9

6.0

4.9

4.3

Employment (hours, %)

0.6

2.0

2.0

1.6


Other items
  2015 2016 2017 2018
Labour share in enterprise income
(level in %)

72.2

72.9

72.4

72.9

Labour productivity private sector
(per hour, %)

1.5

0.4

1.5

0.9

Private savings (% of disposable
household income)

-0.4

0.3

0.3

0.5

Current-account balance
(level in % GDP)

8.3

8.7

8.8

8.6


Public sector
  2015 2016 2017 2018
General government financial balance
(% GDP)

-2.1

0.4

0.6

0.9

Gross debt general government
(% GDP)

64.6

61.8

57.2

53.8

Taxes and social security contributions
(% GDP)

37.3

38.7

38.8

38.8

Gross government expenditure
(% GDP)

45.2

43.8

42.9

42.4

(a) CPB uses as of MEV 2018 a new method for the calculation of the labour share in enterprise income. This new method takes better account of the income of self-employed persons and therefore better matches current economic reality. A joint 'notitie' of CBS, CPB and DNB is available on this subject (only in Dutch).

Contacts

Foto Albert van der Horst
Albert van der Horst +31 6 52526165 Read more
Foto Wim Suyker
Wim Suyker +31 6 52485860 Read more