The Dutch economy continues to grow strongly and economic growth is even accelerating, according to Statistics Netherlands. In the second quarter the Dutch economy grew by 0.7 percent compared to the first quarter of this year. The stats office attributes the accelerating growth to foreign trade and higher investments.
The Amsterdam Metropolitan Region developed strongly after the financial crisis and will continue to do so in the coming years, according to the Economic Outlook Metropolitan Region Amsterdam 2018 that the city of Amsterdam published on Wednesday. The city attributes the region's success to its "diverse and open economy in which both large and small companies can grow".
Last year the Netherlands' national debt decreased by 18 billion euros, from 434 billion euros to 416 billion euros, according to the central government's annual report that was released on Wednesday. That comes down to 56.7 percent of the Netherlands gross domestic product.
With that the Netherlands closed a year with a national debt that complies with European rules for the first time since the outbreak of the financial crisis. According to European rules, a country's national debt must remain below 60 percent of GDP.
Almost all regions in the Netherlands saw economic growth last year. The Groningen region was the only one to see its economy shrink. The regions around Eindhoven and Almere saw the strongest growth, Statistics Netherlands reported on Tuesday.
In both the Eindhoven and Almere regions, the economy grew by 4.9 percent last year compared to 2016. In Zuidoost-Noord-Brabant - Eindhoven and its surroundings - last year's economic growth was mainly supported by industry and business services. In Almere, lease companies in particular contributed to the economic growth.
The Dutch economy will continue to grow strongly this year and next year, according to expectations announced by the Netherlands office for economic policy analysis CPB on Tuesday. Next year unemployment will drop to its lowest level since 2001, NU.nl reports.
The Dutch economy grew by 3.1 percent in 2017, the strongest growth in 10 years, Statistics Netherlands reported on Wednesday.
In the last quarter of 2017, the economy's growth decreased somewhat, but was still strong at 2.9 percent compared to the last quarter of 2016. Compared to the third quarter of 2017, the GDP grew by 0.8 percent.
Investments and exports in particular contributed to economic growth in the fourth quarter. Household consumption decreased somewhat, but the industry grew more.
The Dutch economy will grow by 3.1 percent next year, according to the Netherlands central planning office for economic policy CPB. "Such growth percentages have not occurred since 2007", CPB said, NU.nl reports. "Because of the persistently high growth, there will be a boom in the coming year."
The Dutch economy continues to grow strongly, with growth of over 3 percent expected for this year and next year, according to Dutch central bank DNB's latest forecast, RTL Nieuws reports.
The economic growth will reach a peak of 3.3 percent this year, the strongest growth in 10 years, according to DNB. Next year the bank expects the economy to grow by 3.1 percent, and 2.3 percent growth is expected in 2019. "We are moving from economic recovery to economic expansion", DNB director Job Swank said, according to the broadcaster.
Monday's heavy snowfall, and the problems in traffic and productivity it caused, cost the Dutch economy around 35 million euros, according to calculations by the Economic Research Foundation and Statistics Netherlands chief economist Peter Hein van Mulligen, BNR reports.
If there is a whole business day in which no work is done in a quarter, like when Christmas falls on a week day, it costs the Netherlands' GDP 0.2 to 0.3 percent of growth, Van Mulligen said to the broadcaster. That amounts to 350 million euros the Netherlands' economy loses out on.
The Netherlands is falling behind internationally in breaking the link between CO2 emissions and economic growth, according to advisory office PwC in its Low Carbon Economy Index 2017, ANP reports.
For this index, the researchers looked at how much carbon dioxide a country emits to make a million dollars. In the Netherlands the so-called CO2 intensity increased by 0.1 percent. While the carbon intensity for the G20 countries - the world's 20 biggest economies - decreased by 2.6 percent on average.
Noord-Drenthe is the most prosperous region in the Netherlands, according to the Broad Prosperity Indicator by Rabobank and Utrecht University. Residents of Noord-Drenthe are happy, healthy and feel safe. Gooi also scored very well. People living in the Randstad are much less satisfied, ANP reports.
In the second quarter of this year, Dutch ordered a total of 440 million euros worth of meal deliveries, according to a report by ABN Amro. Pizza is the most popular delivered food, followed by grill dishes, fast food and sushi, AD reports.
On average, Dutch spend 11.40 per person per order. Sushi and other Japanese dishes are most expensive, at 17.96 euros per meal. Ordering a pizza for delivery costs an average of 9.57 euros per person.
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.
The Dutch economy continues to grow steadily and its growth is expected to reach 3.3 percent this year, according to planning office CPB's estimate in its Macro Economic Exploration, which was published on Wednesday. If this estimate holds true, this will be the first time the Dutch economy grows by more than 3 percent since the outbreak of the economic crisis in 2007. In 2018 the gross domestic product is expected to grow by 2.5 percent, NU.nl reports.
Eindhoven's economy is growing faster than those of the four large cities in the Randstad, Statistics Netherlands revealed on Thursday. Last year Eindhoven's GDP grew by 3.6 percent, compared to the National average of 2.2 percent. Amsterdam, Rotterdam, Utrecht and The Hague all saw growth between 2.2 and 3 percent.
According to the stats office, Eindhoven's high-tech industry plays a big role in the municipality's economic growth. A large part can be attributed to the presence of companies like ASML, Philips and NXP.
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.
The European economy is continuing its steady growth, and for the first time in a long time all EU countries saw economic growth. The European Commission expects that the EU economy will grow by 1.7 percent this year and 1.8 percent in 2018. The Netherlands is outperforming the EU average with expected economic growth of 2.1 percent this year and 1.8 percent in 2018, the Volkskrant reports.
All Dutch provinces except Groningen saw economic growth last year, according to figures Statistics Netherlands released on Tuesday. Of the four large Dutch cities, Amsterdam saw the biggest growth at 3 percent, The Hague the lowest at 2.2 percent. Rotterdam had the highest unemployment rate in the Netherlands last year at 11.3 percent, far above the national unemployment rate of around 6 percent.
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.
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.
If the European Union falls apart, the Netherlands would face severe consequences, according to Rabobank. The Dutch economy will shrink by 10 to 15 percent, unemployment will double and welfare will remain structurally lower than when the Netherlands was part of the internal market. Should the EU stay together, but the Netherlands decides to step out, the consequences would be even more disastrous, the bank predicts, RTL Nieuws reports.