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Economy of Netherlands vs San Marino compared: GDP & Debt

Updated on by Georank team

The Netherlands has a GDP of $1.21T compared to $2.03B for San Marino, ranking 19/197 and 180/197 by economy size, respectively.

The Netherlands has $532B in government debt (43.8% of GDP), compared to $1.39B (63.9% of GDP) in San Marino.

Netherlands vs San Marino GDP by year

Netherlands
San Marino
1x
Year GDP, current $
Netherlands San Marino
2024 $1,214,927,698,573 -
2023 $1,135,475,867,551 $2,027,527,228
2022 $1,046,540,797,549 $1,829,211,864
2021 $1,054,472,123,450 $1,855,652,786
2020 $932,560,861,701 $1,541,248,249
2019 $928,903,005,576 $1,616,340,692
2018 $929,733,599,797 $1,655,353,653
2017 $848,233,537,846 $1,528,620,346
2016 $797,163,949,290 $1,468,343,140
2015 $775,743,675,303 $1,419,401,071
2014 $901,556,501,756 $1,673,911,426
2013 $883,951,539,007 $1,678,741,475
2012 $845,689,017,066 $1,604,701,299
2011 $913,140,741,333 $1,813,717,439
2010 $852,464,982,433 $1,881,191,925
2009 $878,954,223,140 $2,064,277,126
2008 $957,901,566,041 $2,403,213,305
2007 $853,499,460,873 $2,188,654,628
2006 $737,593,995,289 $1,909,765,165
2005 $688,133,699,636 $1,786,514,058
2004 $661,224,886,143 $1,715,340,543
2003 $582,435,617,082 $1,462,590,267
2002 $475,529,972,123 $1,148,872,072
2001 $432,536,219,669 $1,059,529,812
2000 $417,649,282,154 $1,007,661,367
1999 $447,778,514,140 $1,109,473,368
1998 $438,612,530,549 $1,048,316,226
1997 $417,506,211,882 $976,606,911
1996 $451,372,549,020 -
1995 $452,967,334,614 -
1994 $379,688,232,232 -
1993 $354,070,495,966 -
1992 $363,497,050,125 -
1991 $327,982,316,124 -
1990 $318,799,003,994 -
1989 $258,716,904,292 -
1988 $262,295,966,105 -
1987 $245,406,949,521 -
1986 $201,157,708,221 -
1985 $144,057,523,222 -
1984 $144,124,462,912 -
1983 $153,671,294,109 -
1982 $158,712,765,536 -
1981 $164,375,775,854 -
1980 $195,439,301,707 -
1979 $179,933,827,310 -
1978 $156,089,077,205 -
1977 $127,203,923,857 -
1976 $109,329,386,564 -
1975 $100,397,061,694 -
1974 $87,371,810,804 -
1973 $71,946,639,603 -
1972 $54,787,070,173 -
1971 $44,644,730,576 -
1970 $38,220,884,519 -
1969 $34,086,038,090 -
1968 $30,097,635,751 -
1967 $27,143,828,099 -
1966 $24,741,480,717 -
1965 $22,721,869,808 -
1964 $20,232,048,553 -
1963 $17,193,744,109 -
1962 $15,847,582,341 -
1961 $14,599,836,396 -
1960 $13,282,979,015 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/san-marino | CC BY

GDP per capita in Netherlands vs San Marino by year

Netherlands
GDP per capita

GDP per capita, PPP
San Marino
GDP per capita

GDP per capita, PPP
1x
Year Current $
Netherlands San Marino
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $67,520 $86,174 - -
2023 $63,516 $81,729 $59,880 $78,745
2022 $59,123 $78,630 $54,191 $75,941
2021 $60,142 $68,574 $54,176 $64,745
2020 $53,468 $62,597 $44,327 $55,207
2019 $53,555 $62,345 $46,630 $57,444
2018 $53,955 $58,819 $47,951 $54,461
2017 $49,514 $56,038 $45,192 $52,463
2016 $46,809 $53,162 $44,359 $53,033
2015 $45,794 $50,957 $43,147 $52,247
2014 $53,457 $49,751 $51,260 $52,909
2013 $52,602 $49,622 $50,808 $50,770
2012 $50,474 $47,653 $47,946 $51,274
2011 $54,702 $47,004 $55,601 $56,240
2010 $51,306 $45,301 $56,543 $58,926
2009 $53,172 $44,959 $62,429 $61,970
2008 $58,247 $46,714 $75,902 $71,724
2007 $52,101 $44,203 $70,124 $71,744
2006 $45,124 $41,208 $63,271 $67,434
2005 $42,165 $37,778 $59,878 $63,739
2004 $40,611 $35,961 $58,232 $61,114
2003 $35,897 $34,286 $52,530 $60,224
2002 $29,447 $34,568 $41,791 $57,584
2001 $26,956 $33,259 $39,035 $57,252
2000 $26,225 $31,895 $37,601 $53,713
1999 $28,319 $29,316 $41,932 $52,064
1998 $27,924 $27,749 $40,127 $47,679
1997 $26,745 $26,062 $37,853 $44,426
1996 $29,064 $24,564 - -
1995 $29,301 $23,480 - -
1994 $24,683 $22,414 - -
1993 $23,156 $21,443 - -
1992 $23,939 $20,831 - -
1991 $21,764 $20,177 - -
1990 $21,322 $19,203 - -
1989 $17,423 - - -
1988 $17,771 - - -
1987 $16,734 - - -
1986 $13,804 - - -
1985 $9,941 - - -
1984 $9,992 - - -
1983 $10,696 - - -
1982 $11,089 - - -
1981 $11,537 - - -
1980 $13,812 - - -
1979 $12,817 - - -
1978 $11,196 - - -
1977 $9,180 - - -
1976 $7,937 - - -
1975 $7,346 - - -
1974 $6,450 - - -
1973 $5,353 - - -
1972 $4,110 - - -
1971 $3,384 - - -
1970 $2,931 - - -
1969 $2,647 - - -
1968 $2,364 - - -
1967 $2,155 - - -
1966 $1,986 - - -
1965 $1,848 - - -
1964 $1,668 - - -
1963 $1,437 - - -
1962 $1,342 - - -
1961 $1,254 - - -
1960 $1,156 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/san-marino | CC BY

The Netherlands' GDP per capita is $67,520, ranking 13/197, compared to $59,880 in San Marino, ranking 15/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 11th at $86,174, while San Marino ranks 17th at $78,745.

Economic indicators

Netherlands San Marino
Gross domestic product
$1.21T
2024
$2.03B
2023
GDP rank
19/197
2024
180/197
2023
GDP growth
1.08%
2023-2024
0.4%
2022-2023
GDP per capita
$67,520
2024
$59,880
2023
GDP per capita rank
13/197
2024
15/197
2023
GDP per capita, PPP
$86,174
2024
$78,745
2023
GDP per capita PPP rank
11/197
2024
17/197
2023
Government debt
$532B
2024
$1.39B
2023
Debt-to-GDP ratio
43.8%
2024
63.9%
2024
Government debt per person
$29,571
2024
$40,919
2023
Government debt per person rank
24/185
2024
13/185
2023
Average annual personal income after taxes
$47,815
2026
$45,474
2026
Market capitalization of domestic companies
$1.1T
2017
n/a
Number of millionaires
1,267,000
2025
n/a
Number of billionaires
13
2025
n/a
Income share by richest 10%
21.4%
2021
n/a
Income share by poorest 10%
3.6%
2021
n/a
Government expenditure, % of GDP
44.4%
2024
21%
2024
Consumer prices inflation
3.35%
2023-2024
1.2%
2023-2024
Unemployment rate
3.64%
2024
4.91%
2022
Population
18252623
33967

Spending and national debt comparison by year

Netherlands
Spending

Debt
San Marino
Spending

Debt
1x
Year % of GDP
Netherlands San Marino
Government spending Government debt Government spending Government debt
2024 44.4% 43.8% 21% 63.9%
2023 44% 45.9% 21.7% 68.3%
2022 43.3% 48.4% 21.7% 70.6%
2021 45.9% 50.5% 37.1% 77.2%
2020 47.8% 53.4% 59.2% 69.8%
2019 42.1% 47.7% 22.4% 56.2%
2018 42.4% 51.6% 24.5% 56.7%
2017 42.8% 56% 25.6% 56.6%
2016 43.9% 60.9% 23.4% 21.4%
2015 45.3% 63.8% 26.3% 19.3%
2014 46.7% 67.2% 23.7% 21%
2013 47.5% 67.2% 30.2% 23.2%
2012 47.6% 65.7% 30.6% 17.2%
2011 47.8% 61.2% 25.4% 16.6%
2010 48.9% 58.9% 24.4% 20%
2009 48.4% 56.3% 24.8% 20.1%
2008 44.3% 54.4% 22% 15.5%
2007 43.3% 42.7% 20.7% 12.6%
2006 44% 45% 19.7% 14.2%
2005 43.4% 49.6% 19.3% 14.5%
2004 44.7% 50.1% 19% 16.9%
2003 45.8% 49.8% - 16.1%
2002 44.8% 48.7% - 17.2%
2001 44.1% 49.4% - 11.6%
2000 43.2% 52.2% - -
1999 44.3% 58.6% - -
1998 44.6% 62.7% - -
1997 45.7% 65.7% - -
1996 47.3% 71.2% - -
1995 53.9% 73% - -
1994 49.4% 73.5% - -
1993 50.9% 76.7% - -
1992 50.2% 75.6% - -
1991 49.6% 74.8% - -
1990 48.8% 75% - -
1989 54.5% 73.7% - -
1988 56.4% 73.7% - -
1987 58.5% 71.3% - -
1986 57% 68.9% - -
1985 57.3% 67.1% - -
1984 58.1% 61.9% - -
1983 59.1% 58.4% - -
1982 59.1% 52.4% - -
1981 56.8% 46.9% - -
1980 55.2% 43.6% - -
1979 53.7% 39.5% - -
1978 52.3% 38.1% - -
1977 50.6% 34.9% - -
1976 50.8% 35.2% - -
1975 50.8% 36.1% - -
1974 46.4% 36.3% - -
1973 44.6% 38.1% - -
1972 44.9% 41.3% - -
1971 44.6% 43.7% - -
1970 43.2% 46.1% - -
1969 42.1% 48.2% - -
1968 25.4% 54.4% - -
1967 24.1% 55% - -
1966 24.4% 55.6% - -
1965 23.4% 55.8% - -
1964 22.3% 57.1% - -
1963 21.9% 61.7% - -
1962 22.1% 63.8% - -
1961 22.2% 65.9% - -
1960 20.4% 66.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/netherlands/san-marino | CC BY

In 2024, the Netherlands' government spending was $540B, accounting for 44.4% of its GDP, while San Marino spent $440M, or 21% of GDP.

Debt-to-GDP ratio is 43.8% in the Netherlands and 63.9% in San Marino, ranking 123/185 and 71/185, respectively.

Government deficit by year

Deficit/surplus
Netherlands

San Marino
1x
Year Deficit/surplus, % of GDP
Netherlands San Marino
2024 -0.94% -0.53%
2023 -0.37% -0.72%
2022 0.002% 0.42%
2021 -2.26% -16.4%
2020 -3.72% -37.6%
2019 1.91% -0.11%
2018 1.49% -1.56%
2017 1.35% -3.49%
2016 0.23% -0.19%
2015 -1.84% -3.32%
2014 -2.17% 1.06%
2013 -2.87% -7.74%
2012 -3.83% -7.08%
2011 -4.42% -4.05%
2010 -5.3% -2.24%
2009 -5.06% -2.46%
2008 -0.06% 0.18%
2007 -0.16% 1.83%
2006 0.04% 1.51%
2005 -0.51% 3.58%
2004 -1.82% 2.44%
2003 -3.19% -
2002 -2.23% -
2001 -0.47% -
2000 1.14% -
1999 0.28% -
1998 -1.34% -
1997 -1.6% -
1996 -1.91% -
1995 -8.72% -
1994 -3.53% -
1993 -3.13% -
1992 -3.12% -
1991 -2.05% -
1990 -4.08% -
1989 -5% -
1988 -4.23% -
1987 -5.39% -
1986 -4.62% -
1985 -3.6% -
1984 -5.25% -
1983 -5.47% -
1982 -6.17% -
1981 -4.92% -
1980 -3.95% -
1979 -2.46% -
1978 -2.09% -
1977 -0.75% -
1976 -2.02% -
1975 -2.82% -
1974 -0.26% -
1973 0.54% -
1972 -0.7% -
1971 -1.58% -
1970 -1.52% -
1969 -1.14% -
1968 -3.06% -
1967 -1.97% -
1966 -2.37% -
1965 -1.15% -
1964 -1.2% -
1963 -0.54% -
1962 -1.38% -
1961 -0.38% -
1960 0.9% -
1959 -0.74% -
1958 -0.89% -
1957 0.3% -
1956 -0.83% -
1955 -0.25% -
1954 0.76% -
1953 -2.95% -
1952 2.19% -
1951 2.13% -
1950 0.81% -
1949 2.3% -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 -3.19% -
1938 -0.37% -
1937 0.02% -
1936 -0.41% -
1935 -0.69% -
1934 -0.92% -
1933 -2.55% -
1932 -1.97% -
1931 -1.66% -
1930 -0.55% -
1929 -1.16% -
1928 -0.62% -
1927 -0.33% -
1926 -0.78% -
1925 -2.04% -
1924 -3.37% -
1923 -2.62% -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 -0.45% -
1912 -0.47% -
1911 -0.13% -
1910 -0.93% -
1909 -0.34% -
1908 -0.57% -
1907 0.03% -
1906 0.16% -
1905 0.1% -
1904 -0.72% -
1903 0.09% -
1902 -0.14% -
1901 0.03% -
1900 0.06% -
1899 -0.13% -
1898 -0.48% -
1897 -0.45% -
1896 0.08% -
1895 -0.06% -
1894 0.12% -
1893 -0.76% -
1892 -1.72% -
1891 -0.06% -
1890 -0.06% -
1889 0.04% -
1888 -0.31% -
1887 -0.37% -
1886 -0.08% -
1885 -0.55% -
1884 0% -
1883 -2.1% -
1882 -1.11% -
1881 -1.06% -
1880 0.21% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/netherlands/san-marino | CC BY

In 2023, the Netherlands' government deficit, the difference between spending and revenue, was $4.21B, equivalent to 0.37% of GDP. This compares to San Marino's deficit of $14.7M, or 0.72% of GDP.

Over the past 20 years, the Netherlands recorded a fiscal deficit in 14 of those years, while San Marino ran a deficit in 13 years. On average, the Netherlands posted an annual deficit equal to 1.47% of GDP, compared to deficit of 3.8% of GDP for San Marino.

Inflation comparison by year

Inflation
Netherlands

San Marino
1x
Year Consumer prices inflation
Netherlands San Marino
2024 3.35% 1.2%
2023 3.84% 5.9%
2022 10% 5.3%
2021 2.68% 1.6%
2020 1.27% -0.1%
2019 2.63% 0.5%
2018 1.7% 1.2%
2017 1.38% 1%
2016 0.32% 0.6%
2015 0.6% 0.1%
2014 0.98% 1.1%
2013 2.51% 1.6%
2012 2.46% 2.8%
2011 2.34% 2.2%
2010 1.28% 2.4%
2009 1.19% 2.4%
2008 2.49% 4.1%
2007 1.61% 2.5%
2006 1.1% 2.1%
2005 1.69% 1.7%
2004 1.26% 1.4%
2003 2.09% 1.3%
2002 3.29% -
2001 4.16% -
2000 2.36% -
1999 2.16% -
1998 1.96% -
1997 2.11% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/netherlands/san-marino | CC BY

Over the past 22 years, the Netherlands has recorded an average annual inflation rate of 2.22%, compared with 1.95% in San Marino. In 2024, inflation was 3.35% in the Netherlands and 1.2% in San Marino.

Balance of trade

Netherlands San Marino
Current account balance
$111B
2024
$446M
2023
Current account balance ranking
5/190
2024
64/190
2023
Current account balance, % of GDP
+9.13%
2024
+22%
2023
Goods imports
$606B
2024
$2.25B
2023
Goods exports
$693B
2024
$2.53B
2023
Service imports
$262B
2024
$894M
2023
Service exports
$308B
2024
$1.25B
2023
Imports of goods and services, % of GDP
71.4%
2024
155%
2023
Exports of goods and services, % of GDP
82.4%
2024
186%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Netherlands San Marino
Economic freedom 78.5 76
Economic freedom ranking 11/197 16/197
Property rights 96 n/a
Government integrity 86.8 n/a
Judicial effectiveness 96.1 n/a
Tax burden 54 n/a
Government spending 42.2 n/a
Fiscal health 95.9 n/a
Business freedom 85 n/a
Labor freedom 59.3 n/a
Monetary freedom 77 n/a
Trade freedom 79.4 n/a
Investment freedom 90 n/a
Financial freedom 80 n/a

Other economic metrics

Netherlands San Marino
Services, % of GDP
70.5%
2024
56.9%
2023
Industry, % of GDP
17.5%
2024
35.8%
2023
Agriculture, forestry, and fishing, % of GDP
1.73%
2024
0.02%
2023
GNI, Atlas method
$1.12T
2024
$1.82B
2023
GNI per capita, PPP
$84,970
2024
$71,860
2023
Total reserves including gold
$79.1B
2024
$759M
2024
Total reserves ranking
34/177
2024
146/177
2024
Net foreign direct investment
$11.1B
2024
$52.7M
2023
Net inflows of foreign direct investment
-$17.1B
2024
-$18.1M
2023
Net outflows of foreign direct investment
-$5.93B
2024
$0
2024
Poverty at national poverty lines
14.5%
2021
n/a
Gross capital formation, % of GDP
19.7%
2024
16.6%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/netherlands/san-marino | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.