Not surprising the government has been running a surplus all these years, considering all the cuts in public spending. If you look at the long term effects here, it paints another picture.
you mean like Germany that has been saving and saving and saving (mostly Merkel era, but partially still going on) and now has bridges collapsing and a disaster of a train system (compared to what it should be)? In that case I'd second that 😀
I visit there 2-3 per year.. from Groningen to Delft .. Rotterdam .. etc. The average person on the street seems fine. Work colleagues... middle class types.. seem fine and happy. Great infrastructure, Take the credit... be it national culture/work ethic or govt policies, the Dutch have done very well with the wet soggy land they were given! As for wealth distribution .. the only time I see "poor" is when going through immigrant neighborhoods.
@MIA_DaDe Non-Western immigrants as a group have the highest percentage of poverty, compared to Dutch people. But the biggest group of poor people in the Netherlands are Dutch people.
@@MIA_DaDe I think compared to Europe Dutch are doing very well, however, there are a lot of social cracks in the system with 99% being housing related. Young people just can't afford to rent housing, let's not even talk about buying. Unless your parents own something or can help you with this, you are not in a great spot.
As a Dutch person: houses are unaffordable for many, and economic growth does not translate - at all - to better living conditions. It is only getting worse with each passing year. The benefits of economical growth are not trickling down, but stay in the hands of few.
Sounds like the UK too but at least your economy still looks good on spreadsheets. Not to mention that your debt is very low - just 46% compared to UK's 100% so you have lots of room to borrow money if you wanted too.
The thing is: people who already have a house and a mortgage are doing fine. Their costs are not increasing, but their wages are increasing. However, anyone between 20-35 years old is basically screwed because houses are either not available, or too expensive. The numbers hide those facts quite well. But it's a huge issue, because demographically that age group is very important. They need to innovate, start the new businesses of tomorrow, and have families. Instead they're preoccupied with having a place to live
@@ecnalms851 There is room to borrow alright, but the average citizen at the end of the day does not care about 100% debt relative to GDP or 0%. It is all about the standard of living. Belgium for example for a very high debt, but if I were to go over the border my living standard would increase by quite a bit. Thus I am looking to move, while still working in the Netherlands.
@@DiederikCA Exactly that, and the demographic catastrophy that is going on will supercharge the problems associated with the ageing of our population. None of my friends have taken kids save 2. We are all early thirties, and those that are still childless don't even consider in the slightest to get children. We first want to get a chance for a future (own home, to be well off financially) before even remotely moving on to such a thing. Without doubt, many Dutch people will not become parents, maybe in the worst case roughly half of Gen Z if things keep as they are. This will absolutely wreck our society unless we crack the life extension code.
I mean, the Dutch went from an average salary of 2800/m without taxes subtracted in 2022 to an average salary of 3666/m without taxes subtracted in 2024, the problem is most citizens don't notice it due to the insane raise in prices in basically every industry. But the Dutch economy is definitely booming. The Netherlands, both as a country/government and as it's citizens has been the richest they've ever been. But in contrast, if you take Spain for example which isn't doing necessarily bad nor good, has an average monthly salary of about 2200 euro a month without taxes subtracted, but as long as you have some savings you can easily afford a mortgage on a house which in the Netherlands I believe to be nearly impossible right now. For young Dutch citizens, although I'm not a financial advisor, I'd look into investing in other countries or maybe even working while living in other countries if your job allows you to. If you make 3500 a month you can basically live as a king in basically any place in the south of Europe.
At the same time, a lot of people are struggling to afford basic needs in The Netherlands. A lot of young people can't afford buying a house and the rents are insane in many cities. But I'm happy the economy overall is doing well...
@@Siranoxz A lot of people have a hard time affording basic needs. The number of people going to food banks and homelessness are rapidly increasing. It's affecting the society so much that the birth rate is going down year after year (not only because of that, of course). People simply don't have enough money to raise children or afford a bigger home.
"young people can't afford buying houses..." Is the most obnoxious, privileged and out of touch statement a man can make. Oh no, some smelly 20-30 something can't buy a 2-3 story building. An absolute nightmarish situation for us all
The Dutch economy may be growing, but the vast majority of people are struggling more and more. The current government also wants to cut down on healthcare, education, and public transit which were all already getting worse and worse. The numbers do not represent the reality of living in the Netherlands
These numbers were still from the previous cabinet, so I wonder what the current cabinet will do to these numbers. My prediction is that the budget cuts as you mentioned will reduce future economic growth at the very least, maybe not short term, but definitely long term.
This video is talking almost all about GDP, GDP is shit. If ppl have less healthcare access and start to spend more with it, the GDP will grow, it's an abysmal indicator if you hyperfocus on it like this channel does.
Raul, what you said doesnt make sense since the spending of tax money is part of the gdp. Also, no one said that the healthcare system wont be state provided. If you want to lower housing prices you have to do: 1. Reduce immigration levels or create a construction industry mandate that at least a signifacant percentage of newcomers have to work in the construction sector soo the government cannot accept more migrants till those jobs are filled. 2. Make bureaucracy faster for the construction sector. Extensive bureaucracy make workers stay at the construction site without working(that is also the reason nuclear plants are soo slow expensive to build in the eu), it increaseses both construction times and prices. And no socialism wont solve the problem, it just turn it into a whell of fortune. And no housing subsidies wont solve it either because it increases demand, soo even less people will get what they want. The only solution is to increase supply by building more or decrease demand by not acccepting refugees and deporting existing ones.
According to this channel every single country in Europe has an economy that is both outperforming everyone else and underperforming everyone else. Everybody has "solved" migration while simultaneously, every country is "moving right" and "moving left" at the same time. This channel is nothing but the art of clickbait without any substance in their content.
If we're looking at economic data, let's also include the figures on income- and capital inequality. All of this "outperforming economy" is landing in the pockets of a tiny minority. And a government surplus means nothing if you just cut all spending on social security and healthcare. Every country can run a government surplus that way. In the long run, it just has negative effects, most of which are already being felt bitterly, for years, by the majority of regular dutch citizens.
Inflation of basic consumer goods has far outpaced that of neighbouring countries like Germany and Belgium, causing people living close to the border to get their groceries across the border. I'm not sure where you found data saying inflation is very low here...
exactly, why pay twice as much if you're able to get the same thing for for half the price. that way you can safe up some extra money for a rainy day. or use the money you saved for something fun, like one of our festivals (Pinkpop for example) or just a nice night out with friends/family.
the strange thing is that literally this morning there was a statement by the bureau of statistics that the Netherlands is falling behind in terms of productivity and that the government needs to decide how to take action
It's proven in most Western countries it's the billionaires, not even just the 'rich.' For some reason, you all think all of them are so evil because they don't give you money-that's not how it works! Plus, the VVD literally came to power not long ago, so you're telling me in the short few months they have somehow made all the economic growth go to the rich? Sure
The Netherlands has been a tax heaven for companies for 50 years. Studies say they have caused 40 Billions of losses per year to other countries in missed taxation.
Here in Aruba (Dutch Caribbean) its the same thing, tourism has reached all time highs since Covid according to the local government and we have been economically independent from NL since 1986 (besides covid) yet none of this success is felt by everyday locals. More hotels and airbnbs are the solution apparently.
The worst time to start obsessively following the stock market is right after it's crashed -- that is, unless you're taking that long-term perspective and looking at it as an opportunity. If your stomach is in knots because the market just tanked, try reading up on the facts about crashes instead of focusing on what just happened. You'll learn that crashes are incredibly common, and the stock market has always recovered
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.
"It's usually best to ignore the trend whether bullish or bearish and stick to a proper trading plan maybe from the help of a professional. I recently just started investing again so I am still in touch with the consultant that provides entry and exit points on the securities I focus on. She does all the technical analysis legwork while I go about my other businesses. You can use something else if you are the DIY type of guy, investing has no one way to do it".
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
The growth is quarter on quarter, it is a percentage of growth in comparison to previous year's Q. This means that if in one quarter the growth is 1%, the annual growth is not 4% (unless you have a median growth of 5% in the other 3)
When companies relocate from or set up out of the UK.. the Netherlands is a good fit. Educated and skilled population,.good infrastructure, ,decent supportive economy, good standard of English etc etc.
Yet somehow the purchasing power is still rapidly getting worse. Which shows you that the models about "economics" are completely useless. This video is a great demonstration of why economics is probably the most useless study out there. You can very easily cherrypick whatever you want, you can tell whatever you want.
Economics is probably the most important field of study. The fault of this video seems to be its ignoring some pretty important data and cherrypicking some information for the sake of narrative.
@@markuserikssen to be fair even with all the stuff that happened since the end of 2019, the welfare payments (de uitkeringen) have increased with the same percentage as the inflation did, so people who have to live of those state benefit payments have seen their income raise with the same level as inflation did. meaning that they are roughly as rich/poor as they where before 2020. a single person who's good with money could set aside about €400 each month with the amount of money a bijstandsuitkering is. but if you have pets, a car, life together or have children that amount goes down fast. i'm not saying people who have to life of those benefits have it easy, but it could be so much worse. at least in The Netherlands these people who have had some bad luck are able to life a pretty decent life.
@@ChristiaanHW Except pensions. Maybe AOW, but not pensions. And I find keeping the social minimum above core inflation (not even food inflation, let alone rents!) a bit minimalistic, but I know that is a political judgement by me.
I visited the Netherlands to see friends and family last month, easily the most developed country I have ever visited. Now that I’m back in Nigeria I’m seeing the vast differences 🥲😂
Nigeria is becoming the richest country in Africa. Europe (and Holland) is declining rapidly. As soon as all the rich country’s have distributed their wealth over the EU, the smaller members will abandon and look elsewhere. This I predict! Nigeria is rumored to became the next Silicon Valley. So just wait a couple of years, and the Dutch will come to Nigeria 😉
@Kennelijk The same moronic fearmongering about the Eastern European states leaving the EU after reaping its benefits has been heard since the 00s and it is as stupid today as it was then.
😂bro if you go to any developed countries and then go to a 3rd world one, you'll realize why it's called a different "world". Even the worse performing developed one is light years ahead.
Average rent in free market is now 1751 euro and they demand 3x the income to qualify, while average income is 3250. So either be rich, qualify for social housing or have a working partner.
Given the small size of the Netherlands and its access to the coast (great for trade), I'd say that there's not all that much that larger and more land-locked European countries can learn from the Dutch. When talking about economics, I'd say it's more useful to think of the Netherlands as a "large city-state."
Dear Dutch people, correct me if I'm wrong Am I right assuming that in the Netherlands, those working in tech get crazy high salaries so they can afford decent housing and upper middle class way of life, while those, who are far from working for Booking, ASML etc., are struggling to make ends meet? I also came across an opinion that in many European countries, housing is getting more and more unaffordable because of expats. They earn well above average and they've bought up most of the housing available, which, in turn, has driven the prices up.
There is a tax advantage for expats that Dutch citizens don't get, which results in them having more available money to buy a house. Because of the massive housing shortage this means that they are outbidding Dutch citizens in general. Besides housing costs most costs in the Netherlands are affordable. The tax benefit they got was that 30% of their income was not taxed for 5 years. It changed to be 30% in year 1. 20% in year 2 and 3. And 10% in year 4 and 5. In short: Housing shortage means that only people with the available money can buy, the rest are left behind. Due to tax benefits for specially expats, and their high salaries, the expats are able to buy housing
Not quite. Even a minimum paid job allows you to pay rent, food, all essentials and maybe save a few bucks if you are well organised. Sure, not in the heart of Amsterdam or so, and sure, in a basic smaller apartment.
Salary’s in tech are in general pretty high, but expats in tech are given extra benefits like housing and other perks. The average home price is about €475.000,- today. For a young couple, their yearly income must be above €105.000,- to even start a conversation at a bank. And a single home buyer must have €160.000,- cash for payment up front. So right now only 10% of people could maybe think about buying a first house. And price are rising rapidly again so these numbers are dwindling. People are obligated to live with their parents for well in their 30’s. Reasons are the lack of newly build houses. Major EU restrictions for company’s that prevent the building. Foreigners buying the houses. Immigrants getting first choice on social housing. Boomer generation getting older and healthy enough to keep living in their homes. Etc. Etc. It’s terrible. The time will come where house sales dry up because of high prices. With this or an other catalyst this market should implode between now and 2028. This is my guess but who knows?
Honestly it's fine. I've been saying that for years that most people are whining about nothing. I am working as a waiter part-time living by myself and I can make ends meet very easily. By all accounts I should be poor, but I can still spend 100s of euros on stuff I don't need every month, and build up a savings account in addition to that. Yeah, there's no way at all I can buy a house, but that's a highly unreasonable prospect anyway. Right now is a very good time to live, but for some reason half the country is acting like the world is going to end. The perception of reality and actual reality has never been further apart from each other. The amount of times I've talked to people claiming they can't make ends meet while they were wearing designer clothes is absolutely staggering. Just get your priorities together and really, things are fine. Things have been worse for 99.9% of people in history, even recent history. The world is a much better place in the Netherlands than it is almost anywhere in the world at any time in history.
No not really, the entire economy is improving. However the current costs of housing are extremely high meaning that people starting out or who do not have low social rent/mortgage are spending up to 50-60% of their monthly income on housing. And that is going to become a massive issue for further economic growth.
I went on a trip through Europe recently and the Netherlands stood out by a WIDE margin on how seemingly perfect everything is. A town like Groningen lies in one of the poorer regions of the country but it's still monumentally gorgeous with its medieval/modern blends.
The "economic growth" in the Netherlands is comparable to the one in the UK throughout the 2010s. It's based off austerity and bound to blow up in all of our faces once another economic slowdown takes place.
The UK doesn't grow during austerity because the government doesn't invest in anything to grow the economy with the money saved from spending cuts. Infrastructure for example is dire in the UK compared to the Netherlands and what is spent is almost entirely spent in London.
Maybe it's because the Netherlands is the most neoliberal country in Europe and favors business over people compared to other countries. This is not necessarily "good", it's just a difference in priorities in whether you favor business wellbeing or citizen wellbeing
housing is still entirely unaffordable and student debt is a major issue, but yeah I guess it's all fine if you're not a (recent) student and bought a house when the market hadn't gone to shit yet.
Maybe one factor is designing compact and well connected cities/towns that do not sprawl. This prevents encroaching farmland and also makes maintaining infrastructure and public services more cost effective. In contrast, just look at the design of many US and Canadian "cities", and that should tell you all you need to know.
All countries should be as "frugal" as the Netherlands. It has nothing to do with Frugality, but just proper finance policy. Stop spending money you don't own and stop taxing people when you don't have to.
Some insight from a Dutch expat living in CZ; these rosy economic pictures do not translate well to actual living standards. As pointed out by others, housing market is screwed beyond belief. Public transport quality has declined while prices keep going up. Similar is the health care, you pay more and more but less coverage. And then there's the social aspects, immigration, cost of car ownership, lack of personal space, overcrowded nature/beach, overcrowded classrooms... you can see where this is going; it doesn't leave much to desire. And if you're in the wrong age bracket you're gonna have to pay the pension for the all the retired elderly who we keep alive for longer and longer. Wish it wasn't so...
The wage increased, but the cost living increased even more. a normal family 2 adults 2 children easily can spend more than 1000 euro in the supermarket just for food etc. It is only feeling pain. The GPD does not really translate to normal days people life.
@@lostgleammedia Unless your comment is a broad take on the matter, in which case I agree, I don't see how that is responsible for the Q2 GDP results that serves as the base for the whole video.
I see Netherlands doing very well, pragmatic, competitive and connected (I live here). I wish more of the European leadership would be Dutch/Danish. The German influence is too strong and completely lacking a vision for this continent. I see even the East European countries better positioned for the future than Germany and Austria at the moment. While France is ok but somehow it doesn't seem to be able to lead. The South is lovely but not pragmatic enough. Random thoughts, thanks for the video.
East Europe can grow faster because wages are low... When developed enough, wages will be colser to Western Europe and there will be no more advantage, growth will slow down...
Small thing: around 2:55 you show stock footage of the Binnenhof, where traditionally the Dutch parliament and the PM's office are. Only it is being renovated and this will finish at its earliest in 2028 (but probably later, because skeletons keep falling out of the closet). So the Dutch center of government currently is a pretty nondescript office building, a former ministry.
Following and really like your contents on all tldr channels. Just a suggestion please edit your sound to be louder so i dont need to turn up my volume beyond 8 and get startled when i switch to other video 😅
I am 23 years old and have been employed full-time for the past five years. My current annual salary is approximately €60.000. Despite my income, I am unable to afford a home. I can buy so much, like expwnsive gadgets, new phones, and a nice car, I still reside with my parents due to the prohibitive cost of housing for a single individual starting out. This situation is quite discouraging.
A tight labour market leading to better wages?? So you're telling me flooding the country with cheap labour is not actually good for the economy? Who'd have thunk it!
I often say this to my fellow Dutch that we don't appreciate just how good we have it here. I say this because in the last five years our electorate has voted in far-right political parties that sell victimhood to their voters, as if the Dutch voter has never done worse (Basically the same "country is going to hell" message that Trump has). And in that spirit I'd add that electing extremists like FvD (2019), BBB (2023), PVV (2023), can have real impact on a country's trajectory and can risk the prosperity we almost take for granted here.
I must say, I am a bit surprised by this message, as a Dutchman. I knew the country was filthy rich, and thus I assumed that getting economic growth on top of that gets exponentially more difficult.
I wonder if the GDP is a balanced readout of what the general population experience, since i feel that those earning minimal to avarage wage has it hard in the netherlands. and if that is mild compared to the rest of europe its quite concerning how bad the econemy is in general world wide.
Love how the thumbnail shows Dick Schoof, but his cabinet hasn't actually done anything in order to achieve this. It's all results from the previous governments efforts.
Let me get this right: the economy has grown 5% from 2019 until today. The population recently reached 18 millions from 17,280,000 at the end of 2019. That is a 4.16% population growth. So where is the real boom? While I love hearing good news, I think a "boom" of 1-2% after 5 years of stagnation, it's literally nothing. If we link that to the total number of people, the economy is stagnating, or worst, it's in most European countries, going down. If I add inflation to the equation, well..that is like a big shake! Or maybe I don't get how economy growth works with inflation and population growth?
Dutch companies are very open to English and international workers, and less focused on nationalism. They focus more on actually better management and making profits.
The real wages in the Netherlands is insane coming from an American. I remember being in Amsterdam and a grocery store worker at Albert Heijn made €18.50 an hour.
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This video donest age well. As the champion of Dutch economy, ASML, its stock dropped the steepest in its entire history yesterday and due to its very gloomy business forecast in 2025.
I think there is a problem for the youngest generation on the horizon in the Netherlands. The huge inflation spike and housing shortage makes it very difficult for gen Z to build wealth. House owners have seen their property values sometimes triple over the last decade. The average housing prices in 2024 is about 450.000 and still on the rise. This will cause a huge wealth gap between generations.
I think as other commentators have alluded, the big problem atm in Europe isn´t so much "no growth" it´s that the increase in wealth is by and large only going to the wealthiest. Indeed, you may ask "why are people voting for Geert Wilders, if the Dutch economy isn´t doing so bad", well in part, people are still being squeezed and that tends to make people more tribal, and more likely to want protectionism, anti-immigration being one form. It´s not the only reason by all means, but it is a significant factor. It´salso made a significant part of the Dutch population go further left, i.e likely to vote for Groen-Links. I think it´s true in France too. In terms of GDP growth, France is doing allright, the problem is that the growth is mostly going to the elites, not ordinary people and it´s made some people go further left and it´s made others go further right, more or less for the same reasons. The neoliberal leaders in Europe are very craven and greedy, and someone like Macron is totally willing to risk political stability just to have another ivory-back scratcher. They should realise that their own businesses will be damaged in the long run if they continue this way, as if more far right leaders get elected, there will be more disruption to trade etc.
The Netherlands don't have the scale of rent crisis that Germany has. (I don't know about France). That's the main reason why Germans look like they are hoarding savings, or holding back on spending. That money is going toward exorbitant rents. The Dutch, as usual, saw the problem coming and put measures in place to counter the problem.
For shareholders and property owners the Economy is doing great. However everything is costing more while salary pretty much remains the same. The Dutch economy is outperforming in fucking over their working classes. Sadly the people in my country are spineless cowards who prefer to mock protest all the while complaining about these things.
In comparative graphs such as at 3:02, please could you also include non-EU European countries like the UK, Switzerland and Norway? Those are also very important economies to compare against.
You have to make your mind finally? Which economy is best in Europe? Serbian or Dutch? Because in one of the previous videos you were intoxicated by Serbian economic growth?!
The economy might be growing as a whole, but for the average person, life gets harder with each passing year. The cost of living, everything from housing to groceries, has increased massively in the last few years. The only people benefitting from the Netherlands’ economic growth are the 1%, while for the rest of us, it’s all just getting worse.
As a Dutch person I can tell you there will be a lot of Dutch people saying they don't notice it. It's par for the course for a subset of Dutch people to never be positive about their nation and always blame the government or the rich. Its best to ignore them and leave them to radicalise on the alternative media channels. :)
Quite a short sighted video. It is only getting better for rich people. For the average person in the Netherlands, life has gotten more and more expensive, social services have been cut, housing is out of control. The current government is so focused on migration that the rest is basically ignored. They even want to circumvent the parliament to introduce an emergency law to stop migrants, even though there is no emergency.
@@kianlakchi7182 obviously there is always a little bias but compared to any other media new reporters this is the most neutral possible cause everyone always has there preferences.
Ok, so the Dutch economy is strong because of strong exports, in goods and services. What I would have liked to know is: why are Dutch exports so strong?
I am dutch and i own a house so i don't complain. House prices increase fast due to inflation caused by the 2008 bank bail out covid bail outs. Young people are between a rock and a hard place concerning housing at the moment. But its a good place to live compared to a lot of countries in the world. Politics is psycho now a days
It hurts to see the stocks going up really fast and the wage staying the same since the beginning of the pandemic. The German gov is talking about a shortage of skilled workers but that's a lie.
Reading all of the comments from Dutch citizens, I feel like you guys missed quite a bit. Maybe looking into consumer confidence, housing costs, and income inequality would be good. Sounds like the Dutch are getting shafted like us Americans.
Not surprising the government has been running a surplus all these years, considering all the cuts in public spending. If you look at the long term effects here, it paints another picture.
you mean like Germany that has been saving and saving and saving (mostly Merkel era, but partially still going on) and now has bridges collapsing and a disaster of a train system (compared to what it should be)? In that case I'd second that 😀
@@justlynch7381yeah but for us it's the military, education, healthcare and technology r&d
@@justlynch7381 Infrastructure is still being spent on. It's Education and Healthcare the Dutch government is saving on.
Are we talking something closer to infrastructure cuts, or pension cuts?
As a Dutchman, that economic boom is so quiet that people living in the country aren't noticing a thing. It's all for the rich
1% growth is only well in European standards, that is already rich af
I visit there 2-3 per year.. from Groningen to Delft .. Rotterdam .. etc. The average person on the street seems fine. Work colleagues... middle class types.. seem fine and happy. Great infrastructure, Take the credit... be it national culture/work ethic or govt policies, the Dutch have done very well with the wet soggy land they were given! As for wealth distribution .. the only time I see "poor" is when going through immigrant neighborhoods.
Typically this kind of stuff is never very noticeable to people on the street much less in short a short term
@MIA_DaDe Non-Western immigrants as a group have the highest percentage of poverty, compared to Dutch people. But the biggest group of poor people in the Netherlands are Dutch people.
@@MIA_DaDe I think compared to Europe Dutch are doing very well, however, there are a lot of social cracks in the system with 99% being housing related. Young people just can't afford to rent housing, let's not even talk about buying. Unless your parents own something or can help you with this, you are not in a great spot.
As a Dutch person: houses are unaffordable for many, and economic growth does not translate - at all - to better living conditions. It is only getting worse with each passing year. The benefits of economical growth are not trickling down, but stay in the hands of few.
Sounds like the UK too but at least your economy still looks good on spreadsheets. Not to mention that your debt is very low - just 46% compared to UK's 100% so you have lots of room to borrow money if you wanted too.
The thing is: people who already have a house and a mortgage are doing fine. Their costs are not increasing, but their wages are increasing. However, anyone between 20-35 years old is basically screwed because houses are either not available, or too expensive. The numbers hide those facts quite well. But it's a huge issue, because demographically that age group is very important. They need to innovate, start the new businesses of tomorrow, and have families. Instead they're preoccupied with having a place to live
@@ecnalms851 There is room to borrow alright, but the average citizen at the end of the day does not care about 100% debt relative to GDP or 0%. It is all about the standard of living.
Belgium for example for a very high debt, but if I were to go over the border my living standard would increase by quite a bit. Thus I am looking to move, while still working in the Netherlands.
@@DiederikCA Exactly that, and the demographic catastrophy that is going on will supercharge the problems associated with the ageing of our population. None of my friends have taken kids save 2. We are all early thirties, and those that are still childless don't even consider in the slightest to get children. We first want to get a chance for a future (own home, to be well off financially) before even remotely moving on to such a thing.
Without doubt, many Dutch people will not become parents, maybe in the worst case roughly half of Gen Z if things keep as they are. This will absolutely wreck our society unless we crack the life extension code.
You dutchmen don't know ur born. I rather live next to a dutchmen than be anywhere near a running Welshman.
Wait what? I can't imagine how bad the situation in Europe is if we are outperforming them, damn...
Ill tell how bad. Engineers in Portugal make 1500 euros gross per month :)
Het is behoorlijk bagger gesteld met veel Europese landen en dan spreek ik vooral over de "normale- niet vermogende" burgers.
I mean, the Dutch went from an average salary of 2800/m without taxes subtracted in 2022 to an average salary of 3666/m without taxes subtracted in 2024, the problem is most citizens don't notice it due to the insane raise in prices in basically every industry. But the Dutch economy is definitely booming. The Netherlands, both as a country/government and as it's citizens has been the richest they've ever been.
But in contrast, if you take Spain for example which isn't doing necessarily bad nor good, has an average monthly salary of about 2200 euro a month without taxes subtracted, but as long as you have some savings you can easily afford a mortgage on a house which in the Netherlands I believe to be nearly impossible right now.
For young Dutch citizens, although I'm not a financial advisor, I'd look into investing in other countries or maybe even working while living in other countries if your job allows you to. If you make 3500 a month you can basically live as a king in basically any place in the south of Europe.
@@BeesKneesBenjamin Dutch people complain too much. Don't realise how good we have it.
@@tomasmoura8387 Portugal is a terrible example when it comes to economy
At the same time, a lot of people are struggling to afford basic needs in The Netherlands. A lot of young people can't afford buying a house and the rents are insane in many cities. But I'm happy the economy overall is doing well...
Lets be real now. In what country is that not happening?
People can afford basic necessities and through the government safety nets.
But the problem is housing at the moment.
@@kaybe3044 I know...
@@Siranoxz A lot of people have a hard time affording basic needs. The number of people going to food banks and homelessness are rapidly increasing. It's affecting the society so much that the birth rate is going down year after year (not only because of that, of course). People simply don't have enough money to raise children or afford a bigger home.
"young people can't afford buying houses..." Is the most obnoxious, privileged and out of touch statement a man can make.
Oh no, some smelly 20-30 something can't buy a 2-3 story building. An absolute nightmarish situation for us all
The Dutch economy may be growing, but the vast majority of people are struggling more and more. The current government also wants to cut down on healthcare, education, and public transit which were all already getting worse and worse. The numbers do not represent the reality of living in the Netherlands
These numbers were still from the previous cabinet, so I wonder what the current cabinet will do to these numbers. My prediction is that the budget cuts as you mentioned will reduce future economic growth at the very least, maybe not short term, but definitely long term.
This video is talking almost all about GDP, GDP is shit. If ppl have less healthcare access and start to spend more with it, the GDP will grow, it's an abysmal indicator if you hyperfocus on it like this channel does.
Raul, what you said doesnt make sense since the spending of tax money is part of the gdp. Also, no one said that the healthcare system wont be state provided. If you want to lower housing prices you have to do: 1. Reduce immigration levels or create a construction industry mandate that at least a signifacant percentage of newcomers have to work in the construction sector soo the government cannot accept more migrants till those jobs are filled. 2. Make bureaucracy faster for the construction sector. Extensive bureaucracy make workers stay at the construction site without working(that is also the reason nuclear plants are soo slow expensive to build in the eu), it increaseses both construction times and prices. And no socialism wont solve the problem, it just turn it into a whell of fortune. And no housing subsidies wont solve it either because it increases demand, soo even less people will get what they want. The only solution is to increase supply by building more or decrease demand by not acccepting refugees and deporting existing ones.
Do you know this for sure or is this is an assumption?
The economy is so good that I have 20 euros left until the 20th
Sterkte :(
I have less but Im stocked up with lidl pasta :D
ben je zelf bij kerel
Hey it's only 4 days man, hold on!
Sounds like you have a spending problem 😂
An economic boom in the Netherlands? I honestly felt like we were in a quiet recession
According to this channel every single country in Europe has an economy that is both outperforming everyone else and underperforming everyone else. Everybody has "solved" migration while simultaneously, every country is "moving right" and "moving left" at the same time. This channel is nothing but the art of clickbait without any substance in their content.
Glad to see those poor rich people in my country are doing great!
If we're looking at economic data, let's also include the figures on income- and capital inequality. All of this "outperforming economy" is landing in the pockets of a tiny minority. And a government surplus means nothing if you just cut all spending on social security and healthcare. Every country can run a government surplus that way. In the long run, it just has negative effects, most of which are already being felt bitterly, for years, by the majority of regular dutch citizens.
Inflation of basic consumer goods has far outpaced that of neighbouring countries like Germany and Belgium, causing people living close to the border to get their groceries across the border. I'm not sure where you found data saying inflation is very low here...
Fun fact: most Dutch people take pride in being seen as frugal
exactly, why pay twice as much if you're able to get the same thing for for half the price.
that way you can safe up some extra money for a rainy day.
or use the money you saved for something fun, like one of our festivals (Pinkpop for example) or just a nice night out with friends/family.
I eat for about €90 a month and I'm so cool for it
How is it a bad thing?
How do you recognise the house of a Dutchman?
There's toiletpaper on the clothesline
And that's a great thing!
when I see people pay triple the price at Albert Heijn while judging people going to Lidl… I can understand the GDP figures.
I never understood the love for Albert Heijn
@@Javr175they've got better freshly made food and are usually bigger locations with more product variety
the strange thing is that literally this morning there was a statement by the bureau of statistics that the Netherlands is falling behind in terms of productivity and that the government needs to decide how to take action
Dutch person here, everything got more expensive, it's a boom for the rich.. (what is to be expected with vvd).
It's proven in most Western countries it's the billionaires, not even just the 'rich.' For some reason, you all think all of them are so evil because they don't give you money-that's not how it works! Plus, the VVD literally came to power not long ago, so you're telling me in the short few months they have somehow made all the economic growth go to the rich? Sure
Everyone is doing pretty good in NL, thanks to the VVD patriots. It's only going to get better from this point on. Chear up!
@@hoti47 Why you lying?
@@hoti47 Sarcasm?
The Netherlands has been a tax heaven for companies for 50 years. Studies say they have caused 40 Billions of losses per year to other countries in missed taxation.
I remember the double dutch sandwich which has been closed now I believe.
Here in Aruba (Dutch Caribbean) its the same thing, tourism has reached all time highs since Covid according to the local government and we have been economically independent from NL since 1986 (besides covid) yet none of this success is felt by everyday locals. More hotels and airbnbs are the solution apparently.
The worst time to start obsessively following the stock market is right after it's crashed -- that is, unless you're taking that long-term perspective and looking at it as an opportunity. If your stomach is in knots because the market just tanked, try reading up on the facts about crashes instead of focusing on what just happened. You'll learn that crashes are incredibly common, and the stock market has always recovered
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
one strategy is betting against the market which can be really profitable but first of all, you'll need to study the market intensely
Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.
"It's usually best to ignore the trend whether bullish or bearish and stick to a proper trading plan maybe from the help of a professional. I recently just started investing again so I am still in touch with the consultant that provides entry and exit points on the securities I focus on. She does all the technical analysis legwork while I go about my other businesses. You can use something else if you are the DIY type of guy, investing has no one way to do it".
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
The growth is quarter on quarter, it is a percentage of growth in comparison to previous year's Q. This means that if in one quarter the growth is 1%, the annual growth is not 4% (unless you have a median growth of 5% in the other 3)
When companies relocate from or set up out of the UK.. the Netherlands is a good fit. Educated and skilled population,.good infrastructure, ,decent supportive economy, good standard of English etc etc.
Yea and a lot of illegal migrants and no go zones 🤦🤷
Funny, I understand Shell doesn’t want to stay there.
Yeah because they aren't huge on climate change because they all live underwater.
And yet two multinationals moved from the Netherlands to the UK (Shell and Unilever).
@@denneus_dennis Already in the uk.
Yet somehow the purchasing power is still rapidly getting worse. Which shows you that the models about "economics" are completely useless.
This video is a great demonstration of why economics is probably the most useless study out there. You can very easily cherrypick whatever you want, you can tell whatever you want.
that doesnt make the study bad
They should have showed who's earning the money and who's left behind, for a better picture of the real state of the economy and welfare.
Economics is probably the most important field of study. The fault of this video seems to be its ignoring some pretty important data and cherrypicking some information for the sake of narrative.
@@markuserikssen to be fair even with all the stuff that happened since the end of 2019, the welfare payments (de uitkeringen) have increased with the same percentage as the inflation did, so people who have to live of those state benefit payments have seen their income raise with the same level as inflation did. meaning that they are roughly as rich/poor as they where before 2020.
a single person who's good with money could set aside about €400 each month with the amount of money a bijstandsuitkering is.
but if you have pets, a car, life together or have children that amount goes down fast.
i'm not saying people who have to life of those benefits have it easy, but it could be so much worse.
at least in The Netherlands these people who have had some bad luck are able to life a pretty decent life.
@@ChristiaanHW Except pensions. Maybe AOW, but not pensions. And I find keeping the social minimum above core inflation (not even food inflation, let alone rents!) a bit minimalistic, but I know that is a political judgement by me.
I visited the Netherlands to see friends and family last month, easily the most developed country I have ever visited. Now that I’m back in Nigeria I’m seeing the vast differences 🥲😂
Nigeria is becoming the richest country in Africa.
Europe (and Holland) is declining rapidly.
As soon as all the rich country’s have distributed their wealth over the EU, the smaller members will abandon and look elsewhere. This I predict!
Nigeria is rumored to became the next Silicon Valley.
So just wait a couple of years, and the Dutch will come to Nigeria 😉
@Kennelijk The same moronic fearmongering about the Eastern European states leaving the EU after reaping its benefits has been heard since the 00s and it is as stupid today as it was then.
@@KennelijkEvery country seems to think their money is going to the other countries...
@@Kennelijk Nigeria lol Are you having a laugh
😂bro if you go to any developed countries and then go to a 3rd world one, you'll realize why it's called a different "world". Even the worse performing developed one is light years ahead.
As a dutch person i had to click on this immediately because i have no idea why the Dutch economy is supposedly doing so well 😂
On the books it is just like the US, but doesn't mean anything for the everyday person.
Average rent in free market is now 1751 euro and they demand 3x the income to qualify, while average income is 3250. So either be rich, qualify for social housing or have a working partner.
Love the graphs. Very informative when you compare Dutch trends to the trends in other countries.
Meanwhile Britain is around 38K Euros. How far Britain has fallen. Just barely above Malta lol... Sad situation.
have a final about this next week, using this as study material
Given the small size of the Netherlands and its access to the coast (great for trade), I'd say that there's not all that much that larger and more land-locked European countries can learn from the Dutch. When talking about economics, I'd say it's more useful to think of the Netherlands as a "large city-state."
This video and its comments prove the stereotypes. The Dutch really are frugal and also like to complain about everything.
Dear Dutch people, correct me if I'm wrong
Am I right assuming that in the Netherlands, those working in tech get crazy high salaries so they can afford decent housing and upper middle class way of life, while those, who are far from working for Booking, ASML etc., are struggling to make ends meet?
I also came across an opinion that in many European countries, housing is getting more and more unaffordable because of expats. They earn well above average and they've bought up most of the housing available, which, in turn, has driven the prices up.
There is a tax advantage for expats that Dutch citizens don't get, which results in them having more available money to buy a house. Because of the massive housing shortage this means that they are outbidding Dutch citizens in general. Besides housing costs most costs in the Netherlands are affordable.
The tax benefit they got was that 30% of their income was not taxed for 5 years. It changed to be 30% in year 1. 20% in year 2 and 3. And 10% in year 4 and 5.
In short:
Housing shortage means that only people with the available money can buy, the rest are left behind. Due to tax benefits for specially expats, and their high salaries, the expats are able to buy housing
Not quite. Even a minimum paid job allows you to pay rent, food, all essentials and maybe save a few bucks if you are well organised. Sure, not in the heart of Amsterdam or so, and sure, in a basic smaller apartment.
Salary’s in tech are in general pretty high, but expats in tech are given extra benefits like housing and other perks.
The average home price is about €475.000,- today.
For a young couple, their yearly income must be above €105.000,- to even start a conversation at a bank.
And a single home buyer must have €160.000,- cash for payment up front.
So right now only 10% of people could maybe think about buying a first house.
And price are rising rapidly again so these numbers are dwindling.
People are obligated to live with their parents for well in their 30’s.
Reasons are the lack of newly build houses.
Major EU restrictions for company’s that prevent the building.
Foreigners buying the houses.
Immigrants getting first choice on social housing.
Boomer generation getting older and healthy enough to keep living in their homes.
Etc. Etc. It’s terrible.
The time will come where house sales dry up because of high prices.
With this or an other catalyst this market should implode between now and 2028.
This is my guess but who knows?
Honestly it's fine. I've been saying that for years that most people are whining about nothing. I am working as a waiter part-time living by myself and I can make ends meet very easily. By all accounts I should be poor, but I can still spend 100s of euros on stuff I don't need every month, and build up a savings account in addition to that. Yeah, there's no way at all I can buy a house, but that's a highly unreasonable prospect anyway. Right now is a very good time to live, but for some reason half the country is acting like the world is going to end. The perception of reality and actual reality has never been further apart from each other.
The amount of times I've talked to people claiming they can't make ends meet while they were wearing designer clothes is absolutely staggering. Just get your priorities together and really, things are fine. Things have been worse for 99.9% of people in history, even recent history. The world is a much better place in the Netherlands than it is almost anywhere in the world at any time in history.
No not really, the entire economy is improving. However the current costs of housing are extremely high meaning that people starting out or who do not have low social rent/mortgage are spending up to 50-60% of their monthly income on housing. And that is going to become a massive issue for further economic growth.
Yeah, because we’re being squeezed by all these high prices.
Is it...? I havent noticed.
as a resident of an ex-dutch colony, never ever underestimate the big small country.
Nice but I'm worried about Germany. As the old saying goes : "If Germany catches a cold then the Netherlands sneezes.".
I am Dutch. Economy boom my ass!
I went on a trip through Europe recently and the Netherlands stood out by a WIDE margin on how seemingly perfect everything is. A town like Groningen lies in one of the poorer regions of the country but it's still monumentally gorgeous with its medieval/modern blends.
A country that has companies like ASML Holding.
ASML is crashing almost 20% now. I suspect the Dutch boom is over.
The "economic growth" in the Netherlands is comparable to the one in the UK throughout the 2010s. It's based off austerity and bound to blow up in all of our faces once another economic slowdown takes place.
The UK doesn't grow during austerity because the government doesn't invest in anything to grow the economy with the money saved from spending cuts. Infrastructure for example is dire in the UK compared to the Netherlands and what is spent is almost entirely spent in London.
The average Dutch citizen is not feeling this at all.. Cost of living is raising every year. Average wages not so much.
Maybe it's because the Netherlands is the most neoliberal country in Europe and favors business over people compared to other countries. This is not necessarily "good", it's just a difference in priorities in whether you favor business wellbeing or citizen wellbeing
housing is still entirely unaffordable and student debt is a major issue, but yeah I guess it's all fine if you're not a (recent) student and bought a house when the market hadn't gone to shit yet.
Maybe one factor is designing compact and well connected cities/towns that do not sprawl. This prevents encroaching farmland and also makes maintaining infrastructure and public services more cost effective. In contrast, just look at the design of many US and Canadian "cities", and that should tell you all you need to know.
All countries should be as "frugal" as the Netherlands.
It has nothing to do with Frugality, but just proper finance policy.
Stop spending money you don't own and stop taxing people when you don't have to.
@@teaser6089 the Dutch have one of the highest private debt in Europe, 101% of GDP. What frugality are you talking about?
Some insight from a Dutch expat living in CZ; these rosy economic pictures do not translate well to actual living standards. As pointed out by others, housing market is screwed beyond belief. Public transport quality has declined while prices keep going up. Similar is the health care, you pay more and more but less coverage. And then there's the social aspects, immigration, cost of car ownership, lack of personal space, overcrowded nature/beach, overcrowded classrooms... you can see where this is going; it doesn't leave much to desire. And if you're in the wrong age bracket you're gonna have to pay the pension for the all the retired elderly who we keep alive for longer and longer. Wish it wasn't so...
The economy is doing well, not the people in it
Literally everywhere though, tell me one place in the developed or even some of the developing world where this is not happening.
One quarter with 1% growth after two shrinking quarters makes for a very quiet boom indeed
The wage increased, but the cost living increased even more. a normal family 2 adults 2 children easily can spend more than 1000 euro in the supermarket just for food etc. It is only feeling pain. The GPD does not really translate to normal days people life.
Correct. That’s why people in Italië have a higher purchasing power per person than the Dutch. (And we’re sending “them” money! 😶)
@@KennelijkItaly is a net contributor to the eu
nobody in their right mind spends a 1000 euros in the supermarket. you gotta be really bad at shopping if you do that.
It's weird how properly educating and providing for your people, creates a massive boom in your economy
And that was done in the last 3/4 months?
@soundscape26 really, these results from such little time, is that what you're saying
@@lostgleammedia Unless your comment is a broad take on the matter, in which case I agree, I don't see how that is responsible for the Q2 GDP results that serves as the base for the whole video.
I see Netherlands doing very well, pragmatic, competitive and connected (I live here). I wish more of the European leadership would be Dutch/Danish.
The German influence is too strong and completely lacking a vision for this continent. I see even the East European countries better positioned for the future than Germany and Austria at the moment. While France is ok but somehow it doesn't seem to be able to lead. The South is lovely but not pragmatic enough.
Random thoughts, thanks for the video.
East Europe can grow faster because wages are low... When developed enough, wages will be colser to Western Europe and there will be no more advantage, growth will slow down...
Small thing: around 2:55 you show stock footage of the Binnenhof, where traditionally the Dutch parliament and the PM's office are. Only it is being renovated and this will finish at its earliest in 2028 (but probably later, because skeletons keep falling out of the closet). So the Dutch center of government currently is a pretty nondescript office building, a former ministry.
Following and really like your contents on all tldr channels. Just a suggestion please edit your sound to be louder so i dont need to turn up my volume beyond 8 and get startled when i switch to other video 😅
wait. we are?
I am 23 years old and have been employed full-time for the past five years. My current annual salary is approximately €60.000. Despite my income, I am unable to afford a home. I can buy so much, like expwnsive gadgets, new phones, and a nice car, I still reside with my parents due to the prohibitive cost of housing for a single individual starting out. This situation is quite discouraging.
A tight labour market leading to better wages??
So you're telling me flooding the country with cheap labour is not actually good for the economy?
Who'd have thunk it!
The term economic boom is used too lightly here and GDP is not a reliable indicator of how healthy an economy is.
I often say this to my fellow Dutch that we don't appreciate just how good we have it here.
I say this because in the last five years our electorate has voted in far-right political parties that sell victimhood to their voters, as if the Dutch voter has never done worse (Basically the same "country is going to hell" message that Trump has).
And in that spirit I'd add that electing extremists like FvD (2019), BBB (2023), PVV (2023), can have real impact on a country's trajectory and can risk the prosperity we almost take for granted here.
I must say, I am a bit surprised by this message, as a Dutchman. I knew the country was filthy rich, and thus I assumed that getting economic growth on top of that gets exponentially more difficult.
I don’t know what your talking about but I live in the Netherlands and to be honest inflation is tearing us apart
I wonder if the GDP is a balanced readout of what the general population experience, since i feel that those earning minimal to avarage wage has it hard in the netherlands. and if that is mild compared to the rest of europe its quite concerning how bad the econemy is in general world wide.
Love how the thumbnail shows Dick Schoof, but his cabinet hasn't actually done anything in order to achieve this. It's all results from the previous governments efforts.
Let me get this right: the economy has grown 5% from 2019 until today. The population recently reached 18 millions from 17,280,000 at the end of 2019. That is a 4.16% population growth. So where is the real boom?
While I love hearing good news, I think a "boom" of 1-2% after 5 years of stagnation, it's literally nothing. If we link that to the total number of people, the economy is stagnating, or worst, it's in most European countries, going down. If I add inflation to the equation, well..that is like a big shake!
Or maybe I don't get how economy growth works with inflation and population growth?
The old smoke and mirrors trick the UK government love to use as well.
Dutch companies are very open to English and international workers, and less focused on nationalism. They focus more on actually better management and making profits.
The real wages in the Netherlands is insane coming from an American. I remember being in Amsterdam and a grocery store worker at Albert Heijn made €18.50 an hour.
Are you saying that's more or less than the US?
I’m Belgian & I envy the Dutchies
You never speak about Malta's economy, huge outlier in the Med and South Europe. Would be nice for you to cover.
Is that a country? Isn’t all gambling and shady stuff?
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Isn’t just another place to do some tax evasion?
Like the Netherlands @@santostv.
This video donest age well. As the champion of Dutch economy, ASML, its stock dropped the steepest in its entire history yesterday and due to its very gloomy business forecast in 2025.
another one who thinks that the entire Dutch economy consists of ASML.
GDP growth is bad if wages don't go up accordingly
I think there is a problem for the youngest generation on the horizon in the Netherlands. The huge inflation spike and housing shortage makes it very difficult for gen Z to build wealth. House owners have seen their property values sometimes triple over the last decade. The average housing prices in 2024 is about 450.000 and still on the rise. This will cause a huge wealth gap between generations.
As a person person i appreciate the picture of Dick it a good picture of him and fitting the with the content of the video
I think as other commentators have alluded, the big problem atm in Europe isn´t so much "no growth" it´s that the increase in wealth is by and large only going to the wealthiest.
Indeed, you may ask "why are people voting for Geert Wilders, if the Dutch economy isn´t doing so bad", well in part, people are still being squeezed and that tends to make people more tribal, and more likely to want protectionism, anti-immigration being one form. It´s not the only reason by all means, but it is a significant factor. It´salso made a significant part of the Dutch population go further left, i.e likely to vote for Groen-Links.
I think it´s true in France too. In terms of GDP growth, France is doing allright, the problem is that the growth is mostly going to the elites, not ordinary people and it´s made some people go further left and it´s made others go further right, more or less for the same reasons.
The neoliberal leaders in Europe are very craven and greedy, and someone like Macron is totally willing to risk political stability just to have another ivory-back scratcher. They should realise that their own businesses will be damaged in the long run if they continue this way, as if more far right leaders get elected, there will be more disruption to trade etc.
The Netherlands don't have the scale of rent crisis that Germany has. (I don't know about France). That's the main reason why Germans look like they are hoarding savings, or holding back on spending. That money is going toward exorbitant rents. The Dutch, as usual, saw the problem coming and put measures in place to counter the problem.
For shareholders and property owners the Economy is doing great. However everything is costing more while salary pretty much remains the same. The Dutch economy is outperforming in fucking over their working classes. Sadly the people in my country are spineless cowards who prefer to mock protest all the while complaining about these things.
To create more demand, you have to create more fun!
Most people can't even afford to have their Heating on in the winter but atleast our Economy is doing great i quess.
The inflation chart says that the Netherlands have a higher inflation then other EU countries, not lower
In comparative graphs such as at 3:02, please could you also include non-EU European countries like the UK, Switzerland and Norway? Those are also very important economies to compare against.
You have to make your mind finally? Which economy is best in Europe? Serbian or Dutch? Because in one of the previous videos you were intoxicated by Serbian economic growth?!
The economy might be growing as a whole, but for the average person, life gets harder with each passing year.
The cost of living, everything from housing to groceries, has increased massively in the last few years.
The only people benefitting from the Netherlands’ economic growth are the 1%, while for the rest of us, it’s all just getting worse.
You didn't even touch on Dutch agriculture.
As a Dutch person I can tell you there will be a lot of Dutch people saying they don't notice it. It's par for the course for a subset of Dutch people to never be positive about their nation and always blame the government or the rich. Its best to ignore them and leave them to radicalise on the alternative media channels. :)
Precies, al dat gejank de hele tijd
Lol, nice one
😂😂
Tbf to them, we were all doing better pre pandemic, that things set everyone back by like 4 years, of course people are still bitter
The secret: we earn our guilder before spending it.
I thought you guys would mention the gas farms Netherlands have which they could sell to other parts of Europe.
Great video tldr❤
They're doing so well cause they have agency workers from abroad working their ass off on temporary jobs, while they sign the contracts.
As a Dutch guy, not noticing it one bit.
Quite a short sighted video. It is only getting better for rich people. For the average person in the Netherlands, life has gotten more and more expensive, social services have been cut, housing is out of control. The current government is so focused on migration that the rest is basically ignored. They even want to circumvent the parliament to introduce an emergency law to stop migrants, even though there is no emergency.
I love this channel man when i first started watching i checked for political bias and seen none in the 2 years ive been watching keep up the goodwork
Theyre decently neutral but obviously a bit more oriented to the political left than right.
@@kianlakchi7182 obviously there is always a little bias but compared to any other media new reporters this is the most neutral possible cause everyone always has there preferences.
Data is not everything, 'Dutch' and 'Netherlands' is a popular keyword in UA-cam haha, it gets eyeballs
Being so frugal during good economic times that the Dutch always have is the key recipe towards having sustained economic growth and development.
We staan er weer goed op jongens
Ok, so the Dutch economy is strong because of strong exports, in goods and services. What I would have liked to know is: why are Dutch exports so strong?
The debt to GDP is no surprise if i look at the amount of taxes i pay vs what i get
I am dutch and i own a house so i don't complain. House prices increase fast due to inflation caused by the 2008 bank bail out covid bail outs. Young people are between a rock and a hard place concerning housing at the moment. But its a good place to live compared to a lot of countries in the world. Politics is psycho now a days
Guess why? Were a tax haven
5% growth rate since pre pandemic Isn't really impressive
For westernized countries it is. Especially considering how much the war is affecting Europe at the moment. Without it, we would have grown much more.
It's all relative, of course. If the other countries in the EU are struggling, then 5% can become impressive.
It is nice that you do not FEEL this glorious economic boom…
I wonder where all their savings are if it's not with the government?
It hurts to see the stocks going up really fast and the wage staying the same since the beginning of the pandemic. The German gov is talking about a shortage of skilled workers but that's a lie.
Reading all of the comments from Dutch citizens, I feel like you guys missed quite a bit. Maybe looking into consumer confidence, housing costs, and income inequality would be good. Sounds like the Dutch are getting shafted like us Americans.