Netherlands climbs to 4th place on Europe’s list of GDP per resident

The Netherlands has climbed to fourth place on the European list of gross domestic product (GDP) per capita. According to Statistics Netherlands (CBS), this shows that the Netherlands is very attractive as a business location for companies. “Companies like to be here,” said CBS economist Frank Notten.

To arrive at this figure, CBS divided last year’s total economy size by the number of Netherlands residents. Then you end up at over 53,000 euros, about 1.5 times higher than the average in the European Union. According to Notten, this figure is a good way to compare countries’ economies.