The gross domestic product (GDP) per inhabitant in 2020 in the Netherlands was almost 46,000 euros. That is one and a half times the average of the countries in the European Union, which is almost 30,000 euros. According to the latest figures from Statistics Netherlands (CBS), the Netherlands is in fourth place in the EU, with Luxembourg, Ireland and Sweden in the first three places. The GDP can be used to look at the size of an economy, whether there is growth or contraction and how the prosperity is in a country.
Luxembourg has been the country with the highest GDP per inhabitant since 1995. In 2020, the GDP per inhabitant was more than 100,000 euros. The fact that Luxembourg has the highest GDP every year is due to the many financial institutions in the country and the fact that many people work in Luxembourg but do not live in Luxembourg. The fact that Ireland is in second place, according to the statistics office, is mainly due to the tax rules for international companies in the country. The GDP per inhabitant there was more than 70,000 euros in 2020, a doubling compared to 2010.
At around EUR 9,000, Bulgaria is the EU country with the lowest GDP per inhabitant, followed by Romania and Croatia. Overall, GDP per inhabitant in the EU is growing: between 1995 and 2020 the average in the country union doubled. The differences between the countries have also narrowed over the years.
Another indication of the wealth in a country is the disposable income per capita. On that list, with figures from 2019, the Netherlands is in fifth place with an average income of 26,500 euros per inhabitant, behind Belgium, Austria, Germany and Luxembourg. Ireland is in tenth place in this list.