holland. from the tow barge... to digital traffic control
TRANSCRIPT
Economic Growth
World Economic Growth
•2004 5%
•2005 4%
Europe
•2004 2.2%
•2005 1.25%
•2006 2.25%
The Netherlands
•2004 1.7%
•2005 0.5 %
•2006 2.5 %
Source: CPB, MEV 2006 Pioneers in international business
The Dutch Economy
2005 2006Expenditure on GDP (€ bn at current market prices)
GDP 503.8 524.2
Growth of real GDP (%) 0.8 2.0
Growth of real GDP per head (%) 0.4 1.5
Private consumption 242.2 249.2
Government consumption 121.2 125.9
Exports of goods & services 362.2 385.0
Imports of goods & services 320.9 340.0
Source: EIU Country Forecast, 2006 Pioneers in international business
Pioneers in international business
The Dutch Economy
2005 2006Economic structure, income and market size
Population (m) 16.3 16.4
GDP per head (US$) 38,410 39,858
Private consumption per head (US$) 18,463 18,949
Private consumption (€ bn) 242.2 249.2
Personal disposable income (€ bn) 257.4 264.5
Gross domestic product by sector of origin
Agriculture 11.1 11.2
Industry 99.9 101.9
Services 299.0 305.0
Source: EIU Country Forecast, 2006
Pioneers in international business
Relative position in the euro zone(Dutch growth - euro zone growth, yearly basis)
Source: CPB, MEV 2006
Pioneers in international business
Key economic indicators
Source: EIU Country Forecast, January 2006
2005 2006 2007 2008 2009 2010
Real GDP growth (%) 1.1 2.0 2.4 2.2 2.0 2.0
Consumer price inflation (avg;%) 1.6 1.5 1.5 1.5 1.5 1.5
Consumer price inflation (avg;%; EU harmonized measure)
1.6 1.6 1.6 1.6 1.6 1.6
Budget balance (%of GDP) -1.2 -1.1 -1.0 -0.9 -0.9 -0.8
Current account balance (% of GDP) 2.1 2.4 2.6 2.8 2.9 3.0
Short-term interest rate (avg; %) 2.1 2.6 3.1 3.5 3.5 3.5
Exchange rate US$:€ (av) 1.24 1.25 1.34 1.29 1.25 1.24
Pioneers in international business
Key economic indicators
2005 2006
Demand and output (volume)
Gross Domestic Product (GDP, economic growth)
0.75 2.5
Private consumption 0.25 -2 (1.25)
Gross fixed investment, private non-residential
0.25 8.25
Private residential investment 4.5 3.75
Exports of goods (non-energy) 5.25 7
Imports of goods 4.25 7
Prices and wages
Consumer Price Index (CPI) 1.5 1
Price domestic expenditure 1.5 1.5
Source: CPB Newsletter, December 2005
Pioneers in international business
Prosperity: growth in income per head per year
1971-2001 2002-2040
Regional
Communities
International
economy
US 2.0 1.0 1.9
EU-15 2.0 0.8 2.2
Netherlands 1.9 0.6 2.1
Source: CPB and Groningen Growth and Development Centre
Scenario 2000-2040