Netherlands: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Netherlands |
Trade balance as percent of GDP |
|---|---|
| Latest value | 10.79 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1969 - 2022 |
| Average | 6.17 |
| Min - Max | -0.16 - 11.25 |
| Source | The World Bank |
The latest value from 2022 is 10.79 percent, a decline from 11.25 percent in 2021. In comparison, the world average is -4.42 percent, based on data from 149 countries. Historically, the average for the Netherlands from 1969 to 2022 is 6.17 percent. The minimum value, -0.16 percent, was reached in 1970 while the maximum of 11.25 percent was recorded in 2021.
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* indicates monthly or quarterly data series
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The trade balance for the Netherlands and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 96.94 | 2021 | percent |
| Trade openness | 158.82 | 2023 | percent |
| Financial openness | 2.299 | 2021 | index points |
| Exports, percent of GDP | 84.96 | 2023 | percent |
| Exports, billion dollars | 950.00 | 2023 | billion U.S. dollars |
| Growth of exports | -1.53 | 2023 | percent |
| Imports, percent of GDP | 73.85 | 2023 | percent |
| Imports, billion dollars | 825.79 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | -1.20 | 2022 | percent |
| Foreign Direct Investment, billion dollars | -12.08 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | -26,879.34 | 2023 | million dollars (current) |
| Current account, percent of GDP | 10.10 | 2023 | percent |
| Current account, in dollars | 112.95 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 10.79 | 2022 | percent |
| Trade balance, in dollars | 124.18 | 2023 | billion U.S. dollars |
| Reserves | 69.83 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.24 | 2023 | percent |
| Remittances | 2,651.84 | 2023 | million U.S. dollars |
| Net errors and omissions | -3,355.63 | 2023 | million USD |
| Foreign exchange reserves | 69.55 | 6/2024 | billion |