Dutch gross domestic product (GDP) per capita was nearly €58,000 (~$62,161) last year, putting the Netherlands in fourth place within the European Union (EU), according to Statistics Netherlands (CBS) and Eurostat. Its rank was the same in 2022 as well.

Just as in 2022, GDP per capita was one and a half times the EU average of nearly €38,000 (~$40,730) last year.

Luxembourg had the highest GDP per capita in the EU. In second place was Ireland, followed by Denmark and the Netherlands.

Bulgaria’s GDP per capita is the lowest in the EU at less than €15,000 (~$16,077). Though the figure is nearly a quarter compared to that of the Netherlands, after adjusting for price differences, it is approximately half of the Dutch figure, a CBS release noted.

The Netherlands moved up one spot to third place in the ranking for GDP per capita adjusted for price differences.

The actual individual consumption per capita, which is also adjusted for price level differences and consists of consumption by households, non-profit institutions serving households and individual consumption by the government, amounted to nearly €30,000 (~$32,155) in the Netherlands, or 61 per cent of GDP, which puts the country in fourth place within the EU. The EU average is 65 per cent of GDP.

In Luxembourg and Ireland, actual individual consumption per capita is low as a share of GDP. Countries that are home to many foreign enterprises are more likely to have a lower share of actual consumption per capita of GDP.

Luxembourg remained first in the rankings in 2023, but the gap with other countries is narrowing. Ireland dropped to seventh place. When actual individual consumption per capita is adjusted for price level differences, Austria ranked second in the EU, while based on GDP per capita it ranked fifth.

Fibre2Fashion News Desk (DS)

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