On Tuesday King Willem-Alexander opened the Netherlands' parliamentary year with his traditional Budget Day speech. He talked about the devastation Hurricane Irma left of the Caribbean islands that form part of the Dutch Kingdom, terrorism around the world, the prosecution of those responsible for the MH17 disaster, and making sure that everyone in the Netherlands benefits from the improving economy, among other things.
Today is the last Budget Day for the departing Rutte II cabinet. In tradition and ceremony, the day is expected to look like every other Budget Day, with politicians decked out in fancy hats, the Royals arriving at the Ridderzaal in The Hague in a carriage and the famous balcony scene after the throne speech. But given the current VVD and PvdA government's departing status, no big news is expected in the budget. Big changes are left up to the new government.
Tourism is playing a bigger and bigger part in the Dutch economy, Statistics Netherlands reported on Monday. Since 2010, tourist spending in the Netherlands increased by 27 percent. Last year the tourism sector generated an added value of 24.8 billion euros to the Dutch economy, over 43 percent more than the 17.3 billion euros generated in 2010.
The Dutch economy will grow by 2.4 percent this year and 2 percent next year, central planning office CPB expects in its latest estimation. In the previous estimation in March, the CPB expected 2.1 percent and 1.8 percent growth for 2017 and 2018 respectively, ANP reports.
Unemployment is expected to continue its decline, to 4.9 percent this year and 4.7 percent next year. The government finances also look healthy, with a surplus of 0.5 percent expected for this year and 0,7 percent for next year.
The Dutch economy will grow by 2.5 percent this year - the highest growth in a decade, Dutch central bank DNB expects. The economy is doing better in all aspects, but wages are still lagging behind, the bank said in its latest estimate on Monday, NOS reports.
DNB's expectations are rosier than the central planning office CPB's estimates in March. The CPB then predicted economic growth of 2.1 percent. The office is releasing its latest estimates on Wednesday. The Dutch government uses CPB estimates to make its policy.
This year the Royal Family will cost the government budget, and Dutch taxpayers, 41.4 million euros, according to Business Insider. That includes the "constitutional benefit" for King Willem-Alexander, Queen Maxima and Princess Beatrix as well as expense compensation for them.
The Netherlands wants to be a permanent member of the G20 - an annual meeting of the 20 leading economies in the world. According to Minister Henk Kamp of Economic Affairs, the Netherlands deserves a spot on the G20 as the 17th largest economy in the world, AD reports.
"At the next G20 reshuffle, it is logical that the Netherlands will become a permanent member", Kamp said. "The next Cabinet should work on that."
The people of the Netherlands aren't very optimistic about society and the future of the country, according a quarterly report by social and cultural planning office SCP. The Dutch are mostly concerned about immigration, integration, intolerance and that society is growing harsher. They are positive about the economy however, RTL Nieuws.
The SCP did this survey early this year, before the parliamentary election on March 15th.
After years of a budget deficit, the Dutch government managed to achieve a budget surplus in 2016. And that surplus is even 14 times larger than previously expected - a massive 2.9 billion euros, according to Statistics Netherlands on Friday. The Dutch economy also gew more than expected in previous estimations, RTL Nieuws reports.
Voters will have quite a selection to choose from in the parliamentary elections next month when it comes to picking a political party based on the financial and economic choices, according to calculations by Dutch central planning office CPB. A major difference between this and last election is that the parties are focused on spending money now that the economy is recovering, instead of the 2012 election's focus on cutbacks in the aftermath of the financial crisis, NU.nl reports.
If American president Donald Trump goes through with his plan to protect the United States' industry with tariffs on imported goods and services, the Dutch economy could suffer a loss of billions of euros, according to calculations by ING Bank, Financieele Dagblad reports.
The bank based its calculations on a U.S. import duty of 10 percent. If that is the case, the Netherlands will export 3.7 billion euros less to the United States. That will result in the Dutch gross domestic product being 0.3 percent lower, according to the bank.
The Dutch economy grew by 2.1 percent in 2016, the strongest growth since 2007, according to preliminary figures Statistics Netherlands released on Tuesday. The economy of the Netherlands has shown steady growth for 11 quarters in a row, ANP reports.
In the fourth quarter of 2016 the economy grew by 0.5 percent. Compared to the fourth quarter of 2015, the growth was 2.3 percent.
A group of Dutch multinational companies signed a pact and started a "broad movement" against "encroaching populism and negativism", two representatives of the movement said to Financieele Dagblad on Saturday. This movement will not only fight negativity, but also boost the Dutch economy, they said.
Dutch central bank DNB expects the Dutch economy to grow by 2.3 percent this year, according to an estimate the bank published on Monday. This is a much higher growth than the 1.9 percent growth expected in the bank's previous estimate published in June last year, ANP reports.
For next year DNB expects economic growth of 1.7 percent, lower than the 2 percent growth expected in the previous estimate. In 2015 and 2016 the Dutch economy grew by 2 and 2.1 percent respectively.
The Dutch economy will show solid growth again this year, though it will be weaker than in 2016, ING's Economic Bureau predicts in estimates published on Friday. The bank expects 1.6 percent growth this year, compared to 2.2 percent last year, ANP reports.
The lower growth can partly be attributed to the housing market downshifting compared to the buoyant growth in the past few years. Turbulent world trade is also expected to lower exports this year.
International studnets who stay and work in the Netherlands after graduating provide 1.57 billion euros per year to the Dutch economy, according to calculations by EP-Nuffic based on figures from the government. An estimated 25 percent of international graduates stay in the Netherlands for the restof their lives, ANP reports.
Almost 75 thousand international sstudents are registered for a full degree at a Dutch university of college. Tey have 161 different nationalities.
The Dutch economy grew by 0.7 percent in the third quarter compared to the second quarter and by 2.4 percent compared to the third quarter in 2015, according to the initial figures by Statistics entherlands. This is the 10th quarter in a row that the Dutch economy showed growth.
Statistics Netherlands mainly attributes the growth to exports and household consumption. Consumers spent more on electronics, restaurants and other forms of entertainment. More foreign tourists also visited the Netherlands.
The tourism sector is playing an increasingly prominent role in the Dutch economy, according to Statistics Netherlands. Last year tourism spending in the Netherlands amounted to 72,7 billion euros. Growing 5 percent for the second consecutive year.
In the second quarter of this year the Dutch economy grew by 0.6 percent compared to the previous quarter, continuing its steady growth for nine quarters in a row, Statistics Netherlands announced on Friday in its first calculations.
The United Kingdom's decision to leave the European Union will likely do "substantial damage" to the growth of the Dutch economy, ING Economic Bureau said on Tuesday. The bank lowered its economic growth forecast for 2016 from 2.1 percent to 1.8 percent and for next year from 1.9 percent to 1.3 percent
The Central Planning Bureau expects that the Dutch economy will grow by 1.8 percent this year, according to an estimate released on Friday. This growth is the same as what the CPB predicted in March
The European Central Bank's "abnormal measures" policy of keeping interest rates low and buying up debt is no longer having effect because these measures are now considered normal, the Central Planning Bureau concludes in its annual report on important economic developments and financial risks for the Dutch economy
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.