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Smallest growth in Dutch purchasing power since the end of the economic crisis

2019-09-12T06:33:14.922Z

The average Dutch person increased 0.3 percent in purchasing power last year compared to 2017, the Central Bureau of Statistics (CBS) calculated. Since the end of the economic crisis in 2013, the growth in purchasing power has not been so small anymore, the statistics office reports on Thursday.


The average Dutch person increased 0.3 percent in purchasing power last year compared to 2017, the Central Bureau of Statistics (CBS) calculated. Since the end of the economic crisis in 2013, the growth in purchasing power has not been so small anymore, the statistics office reports on Thursday.

Not all Dutch people improved in terms of purchasing power. According to the CBS, that applied to just over half the population, in particular to employees. They saw their purchasing power increase by an average of 1.8 percent.

Retired people and people on benefits actually declined. They had 0.5 percent and 0.2 percent less to spend, respectively. Pensioners also saw their purchasing power decrease in 2017.

The figures from Statistics Netherlands concern the dynamic purchasing power development. The statistical office calculates this on the basis of actual income observations and inflation. These purchasing power figures therefore differ from the so-called static purchasing power development.

These are estimates of the changes in purchasing power that Statistics Netherlands bases on policy plans and expected economic developments, among other things. The statistical office's latest estimate was for a 0.2 percent increase in purchasing power.

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Source: nunl

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