Return to positive but below-trend growth
AA1
LOW RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in January 2025.
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Form of state | Constitutional Monarchy |
Head of government | Dick Schoof |
Next elections | 2028, General |
Strengths & Weaknesses

- One of the most open economies in the world, benefiting from its strategic location
- Labor market remains tight, with low unemployment rate and high vacancies
- Open economy, characterized by high living standards
- Well-developed infrastructure

- Political fragmentation
- Housing crisis to be tackled: still-high demand and limited supply
- Very urgent green transition, especially independence from fossil fuels
- Strong dependency on exports in a context of weak growth for trading partners
Economic Overview
Trade Structure by destination/origin
(% of total, 2023)
Trade Structure by product
(% of total, annual 2023)