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Economy of Netherlands vs Slovakia compared: GDP & Debt

Updated on by Georank

The Netherlands has a GDP of $1.33T compared to $155B for Slovakia, ranking 18/197 and 60/197 by economy size, respectively.

The Netherlands has $578B in government debt (43.3% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Netherlands vs Slovakia GDP by year

Netherlands
Slovakia
1x
Year GDP, current $
Netherlands Slovakia
2025 $1,332,767,651,100 $154,530,066,507
2024 $1,213,936,238,063 $140,934,076,532
2023 $1,135,475,867,551 $133,578,518,424
2022 $1,046,540,797,549 $115,792,972,358
2021 $1,054,472,123,450 $120,511,265,913
2020 $932,560,861,701 $107,732,602,896
2019 $928,903,005,576 $105,843,498,304
2018 $929,733,599,797 $106,611,673,365
2017 $848,233,537,846 $95,978,130,735
2016 $797,163,949,290 $90,347,173,229
2015 $775,743,675,303 $89,178,548,717
2014 $901,556,501,756 $101,713,075,599
2013 $883,951,539,007 $99,134,277,850
2012 $845,689,017,066 $94,724,394,278
2011 $913,140,741,333 $99,705,104,723
2010 $852,464,982,433 $91,112,160,801
2009 $878,954,223,140 $89,342,984,698
2008 $957,901,566,041 $96,685,492,864
2007 $853,499,460,873 $77,019,443,089
2006 $737,593,995,289 $57,111,148,619
2005 $688,133,699,636 $48,823,790,951
2004 $661,224,886,143 $42,960,730,480
2003 $582,435,617,082 $33,761,723,946
2002 $475,529,972,123 $24,768,142,566
2001 $432,536,219,669 $21,377,597,035
2000 $417,649,282,154 $20,626,538,612
1999 $447,778,514,140 $20,813,421,086
1998 $438,612,530,549 $22,911,708,405
1997 $417,506,211,882 $22,026,728,498
1996 $451,372,549,020 $21,864,845,214
1995 $452,967,334,614 $20,306,095,054
1994 $379,688,232,232 $16,187,735,322
1993 $354,070,495,966 $13,991,963,247
1992 $363,497,050,125 $12,932,972,789
1991 $327,982,316,124 $11,952,983,608
1990 $318,799,003,994 $17,068,924,602
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/slovakia | CC BY

GDP per capita in Netherlands vs Slovakia by year

Netherlands
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Netherlands Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $73,684 - $28,544 -
2024 $67,465 $86,174 $25,993 $48,132
2023 $63,516 $81,729 $24,615 $45,974
2022 $59,123 $78,630 $21,318 $41,562
2021 $60,142 $68,574 $22,123 $38,346
2020 $53,468 $62,597 $19,735 $35,328
2019 $53,555 $62,345 $19,406 $33,986
2018 $53,955 $58,819 $19,573 $31,510
2017 $49,514 $56,038 $17,646 $30,246
2016 $46,809 $53,162 $16,636 $29,868
2015 $45,794 $50,957 $16,442 $30,148
2014 $53,457 $49,751 $18,771 $29,108
2013 $52,602 $49,622 $18,313 $28,075
2012 $50,474 $47,653 $17,517 $27,023
2011 $54,702 $47,004 $18,469 $26,202
2010 $51,306 $45,301 $16,899 $25,382
2009 $53,172 $44,959 $16,587 $23,077
2008 $58,247 $46,714 $17,974 $23,714
2007 $52,101 $44,203 $14,330 $21,232
2006 $45,124 $41,208 $10,629 $18,906
2005 $42,165 $37,778 $9,087 $16,570
2004 $40,611 $35,961 $7,997 $15,166
2003 $35,897 $34,286 $6,283 $14,088
2002 $29,447 $34,568 $4,606 $13,292
2001 $26,956 $33,259 $3,974 $12,367
2000 $26,225 $31,895 $3,828 $11,370
1999 $28,319 $29,316 $3,857 $10,726
1998 $27,924 $27,749 $4,250 $10,666
1997 $26,745 $26,062 $4,092 $10,137
1996 $29,064 $24,564 $4,069 $9,500
1995 $29,301 $23,480 $3,787 $8,812
1994 $24,683 $22,414 $3,028 $8,178
1993 $23,156 $21,443 $2,627 $7,569
1992 $23,939 $20,831 $2,438 $7,270
1991 $21,764 $20,177 $2,254 $7,623
1990 $21,322 $19,203 $3,221 $8,638
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/slovakia | CC BY

The Netherlands' GDP per capita is $73,684, ranking 12/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 11th at $86,174, while Slovakia ranks 49th at $48,132.

Economic indicators

Netherlands Slovakia
Gross domestic product
$1.33T
2025
$155B
2025
GDP rank
18/197
2025
60/197
2025
GDP growth
1.78%
2024-2025
0.81%
2024-2025
GDP per capita
$73,684
2025
$28,544
2025
GDP per capita rank
12/197
2025
46/197
2025
GDP per capita, PPP
$86,174
2024
$48,132
2024
GDP per capita PPP rank
11/197
2024
49/197
2024
Government debt
$578B
2025
$95.3B
2025
Debt-to-GDP ratio
43.3%
2025
61.6%
2025
Government debt per person
$31,942
2025
$17,597
2025
Government debt per person rank
23/185
2025
36/185
2025
Average annual personal income after taxes
$46,674
2026
$17,518
2026
Market capitalization of domestic companies
$1.1T
2017
$5.38B
2014
Number of millionaires
1,294,000
2026
n/a
Number of billionaires
13
2026
2
2026
Income share by richest 10%
21.4%
2021
18.8%
2023
Income share by poorest 10%
3.6%
2021
3.3%
2023
Government expenditure, % of GDP
45.1%
2025
48.7%
2025
Consumer prices inflation
3.26%
2024-2025
4%
2024-2025
Unemployment rate
3.9%
2025
5.4%
2025
Population
18243998
5376239

Spending and national debt comparison by year

Netherlands
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Netherlands Slovakia
Government spending Government debt Government spending Government debt
2025 45.1% 43.3% 48.7% 61.6%
2024 44.4% 43.7% 47.5% 59.7%
2023 44% 45.8% 48.2% 55.8%
2022 43.3% 48.4% 43.1% 57.8%
2021 45.9% 50.5% 44.8% 60.2%
2020 47.8% 53.4% 44.5% 58.4%
2019 42.1% 47.7% 40.6% 48%
2018 42.4% 51.6% 39.7% 49.3%
2017 42.8% 56% 39.8% 51.4%
2016 43.9% 60.9% 40.9% 52.1%
2015 45.3% 63.8% 44.1% 51.6%
2014 46.7% 67.2% 42% 53.4%
2013 47.5% 67.2% 41.1% 54.6%
2012 47.6% 65.7% 40% 51.7%
2011 47.8% 61.2% 40.8% 43.3%
2010 48.9% 58.9% 41% 40.7%
2009 48.4% 56.3% 43.2% 36.4%
2008 44.3% 54.4% 36.5% 28.6%
2007 43.3% 42.7% 35.9% 30.4%
2006 44% 45% 38.2% 31.5%
2005 43.4% 49.6% 39.1% 35%
2004 44.7% 50.1% 38.4% 42%
2003 45.8% 49.8% 40% 43.6%
2002 44.8% 48.7% 46% 45.6%
2001 44.1% 49.4% 46.2% 51.4%
2000 43.2% 52.2% 53.2% 50.6%
1999 44.3% 58.6% 48.4% 47.1%
1998 44.6% 62.7% 46.2% 33.9%
1997 45.7% 65.7% 48.6% 32.8%
1996 47.3% 71.2% 52.8% 30.3%
1995 53.9% 73% 47.8% 21.3%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/slovakia | CC BY

In 2025, the Netherlands' government spending was $602B, accounting for 45.1% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 43.3% in the Netherlands and 61.6% in Slovakia, ranking 121/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Netherlands

Slovakia
1x
Year Deficit/surplus, % of GDP
Netherlands Slovakia
2025 -1.84% -5.02%
2024 -0.94% -5.5%
2023 -0.37% -5.3%
2022 0.002% -1.56%
2021 -2.26% -5.09%
2020 -3.72% -5.3%
2019 1.91% -1.21%
2018 1.49% -1.01%
2017 1.35% -0.98%
2016 0.23% -2.59%
2015 -1.84% -2.78%
2014 -2.17% -3.25%
2013 -2.87% -2.86%
2012 -3.83% -4.37%
2011 -4.42% -4.36%
2010 -5.3% -7.44%
2009 -5.06% -8.18%
2008 -0.06% -2.54%
2007 -0.16% -2.26%
2006 0.04% -3.57%
2005 -0.51% -2.86%
2004 -1.82% -2.36%
2003 -3.19% -2.28%
2002 -2.23% -8.35%
2001 -0.47% -7.74%
2000 1.14% -12.7%
1999 0.28% -7.25%
1998 -1.34% -5.37%
1997 -1.6% -6.24%
1996 -1.91% -9.72%
1995 -8.72% -3.43%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/slovakia | CC BY

In 2025, the Netherlands' government deficit, the difference between spending and revenue, was $24.5B, equivalent to 1.84% of GDP. This compares to Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, the Netherlands recorded a fiscal deficit in 23 of those years, while Slovakia ran a deficit in 31 years. On average, the Netherlands posted an annual deficit equal to 1.62% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Netherlands

Slovakia
1x
Year Consumer prices inflation
Netherlands Slovakia
2025 3.26% 4%
2024 3.35% 2.76%
2023 3.84% 10.5%
2022 10% 12.8%
2021 2.68% 3.15%
2020 1.27% 1.94%
2019 2.63% 2.66%
2018 1.7% 2.51%
2017 1.38% 1.31%
2016 0.32% -0.52%
2015 0.6% -0.33%
2014 0.98% -0.08%
2013 2.51% 1.4%
2012 2.46% 3.61%
2011 2.34% 3.92%
2010 1.28% 0.96%
2009 1.19% 1.62%
2008 2.49% 4.6%
2007 1.61% 2.76%
2006 1.1% 4.48%
2005 1.69% 2.71%
2004 1.26% 7.55%
2003 2.09% 8.55%
2002 3.29% 3.13%
2001 4.16% 7.33%
2000 2.36% 12%
1999 2.16% 10.6%
1998 1.96% 6.67%
1997 2.11% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/slovakia | CC BY

Over the past 29 years, the Netherlands has recorded an average annual inflation rate of 2.35%, compared with 4.44% in Slovakia. In 2025, inflation was 3.26% in the Netherlands and 4% in Slovakia.

Top exports between countries

Netherlands
Export category Export value
Machinery & equipment $978M
Chemicals & pharma $489M
Raw agricultural goods $283M
Textiles & consumer goods $274M
Processed food, beverages & tobacco $251M
IT & IP services $239M
Transport & tourism services $183M
Business & finance services $171M
Metals $152M
Animal & marine products $85.6M
Slovakia
Export category Export value
Machinery & equipment $1.71B
Business & finance services $369M
Metals $171M
Raw materials & minerals $162M
IT & IP services $155M
Chemicals & pharma $150M
Textiles & consumer goods $132M
Transport & tourism services $122M
Processed food, beverages & tobacco $95.2M
Manufacturing & construction services $43.2M

Balance of trade

Netherlands Slovakia
Current account balance
$111B
2024
-$5.6B
2025
Current account balance ranking
6/190
2024
165/190
2025
Current account balance, % of GDP
+9.14%
2024
-3.63%
2025
Goods imports
$606B
2024
$117B
2025
Goods exports
$693B
2024
$117B
2025
Service imports
$262B
2024
$14.3B
2025
Service exports
$308B
2024
$14.7B
2025
Imports of goods and services, % of GDP
69.5%
2025
85.2%
2025
Exports of goods and services, % of GDP
80.7%
2025
85.1%
2025

Economic freedom indices

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

Netherlands Slovakia
Economic freedom 78.5 67.7
Economic freedom ranking 11/197 54/197
Property rights 96 82.6
Government integrity 86.8 57.2
Judicial effectiveness 96.1 70.5
Tax burden 54 75.4
Government spending 42.2 36.4
Fiscal health 95.9 69.6
Business freedom 85 71.1
Labor freedom 59.3 55.1
Monetary freedom 77 69.7
Trade freedom 79.4 79.4
Investment freedom 90 75
Financial freedom 80 70

Economic freedom comparison by year

Netherlands
Slovakia
1x
Year Economic freedom index
Netherlands Slovakia
2026 78.5 67.7
2025 78.2 68.4
2024 77.3 68.1
2023 78 69
2022 79.5 69.7
2021 76.8 66.3
2020 77 66.8
2019 76.8 65
2018 76.2 65.3
2017 75.8 65.7
2016 74.6 66.6
2015 73.7 67.2
2014 74.2 66.4
2013 73.5 68.7
2012 73.3 67
2011 74.7 69.5
2010 75 69.7
2009 77 69.4
2008 77.4 70
2007 75.5 69.6
2006 75.4 69.8
2005 72.9 66.8
2004 74.5 64.6
2003 74.6 59
2002 75.1 59.8
2001 73 58.5
2000 70.4 53.8
1999 70.2 54.2
1998 69.2 57.5
1997 70.4 55.5
1996 69.7 57.6
1995 - 60.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/slovakia | CC BY

The Economic Freedom Index for the Netherlands is 78.5, ranking 11/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Netherlands Slovakia
Services, % of GDP
70.4%
2025
59.8%
2025
Industry, % of GDP
17.7%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.68%
2025
1.59%
2025
GNI, Atlas method
$1.24T
2025
$143B
2025
GNI per capita, PPP
$85,480
2025
$47,920
2025
Total reserves including gold
$118B
2025
$18.2B
2025
Total reserves ranking
27/177
2025
69/177
2025
Net foreign direct investment
$11.1B
2024
-$198M
2025
Net inflows of foreign direct investment
-$17.1B
2024
$5.01B
2024
Net outflows of foreign direct investment
-$5.93B
2024
$2.24B
2024
Poverty at national poverty lines
14.5%
2021
13.7%
2021
Gross capital formation, % of GDP
19.8%
2025
20.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/slovakia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.