Skyrocketing prices weigh on the outlook

AA1

LOW RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in October 2022.

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GDP USD1018bn (World ranking 17, World Bank 2021)
Population 17.5mn (World ranking 67, World Bank 2021)
Form of state Constitutional Monarchy
Head of government Mark RUTTE (PM)
Next elections 2025, General election
  • Favorable business environment
  • Key trade hub in Europe
  • Among the largest exporters of crude oil in the world, and the second-largest producer and exporter of natural gas in Europe
  • High current account surplus
  • Sound public finances
  • Healthy banking sector
  • High private debt, with corporate debt being the 3rd highest in the Eurozone
  • Very high dependency on the Eurozone economic cycle
  • High exposure to a hard Brexit

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
Germany 23.9%
1
15.9% Germany
Belgium 11.9%
2
14.2% China
France 9.0%
3
8.2% Belgium
United Kingdom 6.1%
4
7.4% United States
United States 4.9%
5
4.8% United Kingdom

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Petroleum, petroleum products and related materials 9.8%
1
12.3% Petroleum, petroleum products and related materials
Medicinal and pharmaceutical products 6.0%
2
7.5% Electrical machinery, apparatus and appliances, n.e.s.
Electrical machinery, apparatus and appliances, n.e.s. 5.5%
3
6.0% Office machines and automatic data processing machines
Specialised machinery 4.9%
4
5.3% Telecommunication and sound recording apparatus
Office machines and automatic data processing machines 4.5%
5
4.7% Road vehicles
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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