The Netherlands maintains 4th-highest GDP per capita in Europe

A new report by Statistics Netherlands (CBS) and Eurostat has revealed that the Dutch gross domestic product (GDP) per capita for 2024 remained one of the highest in the European Union. With a GDP per capita more than 1,5 times higher than the EU average, the Netherlands is ranked as having the fourth-highest material prosperity on the continent. 

Dutch GDP per capita higher than EU average

According to data published by CBS, in 2024 the Dutch GDP per capita - the monetary value of all the goods and services produced in the country divided by the total population - was 63.000 euros. This is more than 1,5 times more than the average for the EU as a whole, and keeps the Netherlands in fourth place for material prosperity for the third year in a row, behind Luxembourg, Ireland and Denmark.

Last year, GDP per capita in the EU increased by 0,8 percent to 39.700 euros. With corrections for price changes, the Dutch GDP per capita calculated for 2024 also increased, though only by 0,3 percent. A year earlier, the opposite was seen, with both the EU and the Netherlands seeing a decline in GDP per capita of 0,9 and 0,1 percent respectively.

The Netherlands second highest for actual individual consumption

Actual individual consumption is another indicator of the material prosperity of a country. This is all the expenditure on goods and services to fulfil human needs, including household spending, consumption of non-profit institutions and the government. 

Despite Dutch consumers spending less as purchasing power grows, the Netherlands still has some of the highest individual consumption in Europe, thanks to rising wages. Taking price level differences into account, the actual individual consumption of the Netherlands is 32.000 euros - placing the country in second position.