Netherlands again 4th on European Union material prosperity list

Last year, the Dutch gross domestic product (GDP) per resident was 63,000 euros, putting the Netherlands in fourth place for material prosperity in the European Union, Statistics Netherlands and Eurostat reported. The Netherlands was also in fourth place in 2023. The Dutch GDP per capita is over 1.5 times higher than the EU average (€39,700).

Luxembourg (€126,900) has the highest GDP per capita due to the large number of financial institutions in the country, and because many people work in Luxembourg but do not live there. Ireland (€99,100), where many foreign multinationals are based, came in second place, followed by Denmark (€66,400) and the Netherlands. Bulgaria has the lowest GDP per capita in the EU at 16,100 euros.

Corrected for price changes, the Netherlands’ GDP per capita was 0.3 percent higher in 2024 than a year earlier. The economic growth was greater than population growth, increasing the GDP per capita. In the EU, the GDP per capita increased by 0.8 percent.

Another way to measure material prosperity is actual individual consumption per inhabitant, corrected for the price level. This consists of households’ consumer spending, and the consumption of non-profit organizations, households, and the government. “This figure considers differences in the financing of certain provisions, such as the financing of the healthcare system, between countries,” CBS said.

The actual individual consumption in the Netherlands was 32,000 euros last year, putting our country in second place in the EU after Luxembourg. In the EU, actual individual consumption is over 26,000 euros.