The Netherlands once again scores high on a prosperity list, while we also score very well on well-being. To be precise: the Netherlands is now in 4th place on the list with the highest GDP per capita. An overview, with an additional table after correction for differences in price levels, after which the Netherlands even rises one spot.
Gross domestic product (GDP) is the total value added of all goods and services produced in a country during a given period (usually a year). By calculating it per inhabitant, a clear picture is created of the prosperity in a country.
GDP per capita in the Netherlands
According to the just published new data from CBS and Eurostat, the Dutch gross domestic product (GDP) per capita in 2023 was almost 58 thousand euros. This puts the Netherlands in fourth place within the European Union, just like last year.
Just like a year earlier, GDP per capita was one and a half times the EU average of almost 38 thousand euros. Not bad for a nagging country like the Netherlands.
Ranking of all European countries
Luxembourg leads the countries with the highest GDP per capita. This is due to the relatively large number of financial institutions in the country, and because many people work in Luxembourg but do not live there.
| Country | GDP per inhabitant (x thousand euros) |
|---|---|
| Luxembourg | 118.8 |
| Ireland | 95.3 |
| Denmark | 62.8 |
| The Netherlands | 57.8 |
| Austria | 52.3 |
| Sweden | 52.0 |
| Belgium | 49.7 |
| Finland | 49.7 |
| Germany | 48.8 |
| France | 40.8 |
| European Union | 37.6 |
| Malta | 35.4 |
| Italy | 35.3 |
| Cyprus | 32.2 |
| Spain | 30.3 |
| Slovenia | 29.8 |
| Czech Republic | 28.6 |
| Estonia | 27.6 |
| Portugal | 25.7 |
| Lithuania | 25.1 |
| Slovakia | 22.1 |
| Latvia | 21.4 |
| Greece | 20.9 |
| Hungary | 20.5 |
| Poland | 19.8 |
| Croatia* | 17.4 |
| Romania | 17.0 |
| Bulgaria | 14.6 |
In second place is Ireland, where many foreign multinationals are also located, followed by Denmark and the Netherlands. Bulgaria has the lowest GDP per capita in the European Union at almost 15 thousand euros. This is more than two and a half times lower than the EU average.
The Netherlands rises to 3rd place after price level correction
The differences in price levels between countries can be considerable. For example, you can buy less goods in the Netherlands with 1 euro than in Bulgaria. To better compare GDP per capita between countries, Eurostat corrects for price differences between countries.
The GDP per capita in Bulgaria is about a quarter of that of the Netherlands. After correction for the price level, the GDP per capita of Bulgaria is approximately half of the GDP per capita of the Netherlands.
| Country | GDP per inhabitant adjusted for price level (x thousand euros) |
|---|---|
| Luxembourg | 90.2 |
| Ireland | 79.6 |
| The Netherlands | 49.1 |
| Denmark | 48.0 |
| Austria | 46.2 |
| Belgium | 44.4 |
| Sweden | 43.9 |
| Germany | 43.3 |
| Finland | 40.7 |
| Italy | 39.5 |
| France | 38 |
| European Union | 37.6 |
| Malta | 36.7 |
| Cyprus | 35.8 |
| Slovenia | 34.4 |
| Czech Republic | 34.2 |
| Spain | 33.3 |
| Lithuania | 32.6 |
| Portugal | 31.1 |
| Estonia | 30.7 |
| Poland | 30.0 |
| Romania | 29.4 |
| Hungary | 28.7 |
| Slovakia | 27.3 |
| Latvia | 26.6 |
| Croatia* | 25.8 |
| Greece | 25.3 |
| Bulgaria | 24.1 |
The Netherlands moves up one spot in the rankings for GDP per capita adjusted for price levels to third place. The price level in the Netherlands is lower than in Denmark, causing the Netherlands to surpass Denmark.
