The Dutch economy continued its steady growth for the 8th quarter in a row. In the first quarter of 2016 the economy grew 0.5 percent compared to the previous quarter and 1.4 percent compared to the first quarter of last year, according to Statistics Netherlands' preliminary calculations.
Criminal activities involving drugs, illegal prostitution, illegal gambling and similar crimes contribute about 2.7 billion euros to the Netherlands' economy a year. That means that criminal activities account for about 0.4 percent of the Dutch economy, according to an estimate by Statistics Netherlands at the request of broadcaster RTL Z.
The Dutch economy will grow an average of 1.8 percent per year in the period 2018 to 2021, according to the medium-term expectations of the Central Planning Bureau. Despite the economic growth, the CPB warns that Dutch households' purchasing power will not increase
The Netherlands' Ambassadors Conference is starting in The Hague today. For the coming week Dutch ambassadors, consulates and permanent representatives at international institutions will meet and discuss developments in the Netherlands, the government's policy and important topics for the coming year.
Last year the Dutch economy grew slightly more than Statistics Netherlands calculated based on preliminary figures last month. According to the statistics office, the economy grew by 2 percent, instead of 1.9 percent, and is now back up to pre-crisis levels. Dutch households also have more disposable income and consumer spending was significantly higher in the last quarter of 2015 than a year earlier.
Educating foreign doctoral students does not cost the Government money, but is instead a boost to the economy. Tax income from foreign PhD students who stay in the Netherlands after graduating, easily compensate for the costs of training them, according to the Central Planning Bureau in a report published on Friday.
The International Monetary Fund expects that the Dutch economy will show the same growth in 2016 and 2017 that it did last year, according to a report released on Thursday
In December almost all key indicators on the state of the Dutch economy are positive and most of the indicators on CBS Business Cycle Tracer are doing better than their long-term trend, Statistics Netherlands announced on Wednesday. The economic outlook is somewhat better than last month.
Over the past few months Dutch people were most concerned about the arrival of refugees and asylum seekers in the Netherlands, according to the fourth quarter of this year's report on citizens' perspective by the Social and Cultural Planning Office.
The International Monetary Fund believes that the Dutch tax system encourages the accumulation of debt and has advised the Dutch authorities to address the situation. According to the IMF, both Dutch businesses and individual consumers are guilty of borrowing too much.
The Dutch economy has entered a stable growth path that can continue in the future. After seven years the Netherlands has finally returned to the economic level before the crisis in 2008 and 2009. Though unemployment is still a concern and the gross domestic product per capita is still 2.8 percent lower than in 2008.
The next big loser after Oranje were eliminated from the European Championships in France next year, losing 2-3 to the Czech Republic, will be major parts of the Dutch economy. Revenue losses for the supermarket/retail industry are estimated to be as much as 50 million euros.
A wide range of economic indicators suggest that the Dutch economy is doing better than long-term forecasting predicted, according to Statistics Netherlands (CBS). The data also shows that the economic situation in September 2015 outperformed the economy in August.
Nearly a third of Dutch residents believe that the Netherlands should close the borders for all forms of immigration, including workers from other European countries. Almost half of the Dutch population believe that the refugees will have a negative effect on the Dutch economy.
The Dutch economy is going to grow even faster after the government's planned tax cuts, according to Rabobank's quarterly economic report. The Dutch gross domestic product is expected to grow by 2.25 percent this year and 2.75 percent next year. Much stronger growth than last year's 0.9 percent
Oranje's threatening elimination from the European Championships after the 3-0 loss against Turkey could cost parts of the Dutch economy tens of millions of euros.
The Dutch economy is slowly improving, despite the reduction in gas extraction from Groningen. In the second quarter of this year the economy was 1.6 percent stronger than in the same period last year.
The Dutch economy is growing faster than expected and is continuing to recover despite the lower gas production. The Dutch economy is expected to grow 2.0 percent this year and 2.4 percent next year. Unemployment is expected to decrease to 6.7 percent next year and the government deficit to 1.5 percent of the gross domestic product.
A massive 3.2 million foreign tourists are expected to visit the Netherlands this summer - 100 thousand more than last year.
The Dutch economy grew by 0.6 percent in the first quarter of this year compared to the last quarter of 2014. This is according to the second calculation of economic growth by Statistics Netherlands.
The European Commission has made 315 billion euros available through the European Fund for Strategic Investment for additional investments in the European economy. For the Netherlands this potentially means billions of euros for, among other things, the laying of fiber optic networks, additional lending to small and medium enterprises and installing energy efficiency measures in homes, the government said on Tuesday.
The dance industry in the Netherlands and the dominance of Dutch DJs on music charts has paved the way for 170 dance music events in the country with 2.7 million annual visitors every year, become an important part of the Dutch economy. The Dutch dance music industry accounts for one in 14 jobs in the creative industries and if the current growth rate continues, the export value of Dutch dance music industry in 2015 will be nearly 200 million euros, ING wrote on Wednesday.
The Netherlands contributed 8.1 percent more CO2 emissions in the first quarter of 2015 than a year before, Statistics Netherlands (CBS) reported on Wednesday. Dutch energy companies produced delivered more energy than a year before due to increased demand from abroad, which lead to much of the emissions increase.
The Dutch economy is continuing signs of recovery, posting growth of 0.5 percent in the last quarter of 2014, according to official bureau Statistics Netherlands (CBS). This is now the third consecutive quarter where growth has been measured, the CBS reported on Friday.