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Economy of Netherlands vs Ukraine compared: GDP & Debt

Updated on by Georank team

The Netherlands has a GDP of $1.21T compared to $191B for Ukraine, ranking 19/197 and 57/197 by economy size, respectively.

The Netherlands has $532B in government debt (43.8% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Netherlands vs Ukraine GDP by year

Netherlands
Ukraine
1x
Year GDP, current $
Netherlands Ukraine
2024 $1,214,927,698,573 $190,741,262,415
2023 $1,135,475,867,551 $181,221,517,869
2022 $1,046,540,797,549 $161,989,520,721
2021 $1,054,472,123,450 $199,765,859,571
2020 $932,560,861,701 $156,617,722,013
2019 $928,903,005,576 $153,883,047,510
2018 $929,733,599,797 $130,891,088,294
2017 $848,233,537,846 $112,090,505,082
2016 $797,163,949,290 $93,355,869,404
2015 $775,743,675,303 $91,030,967,789
2014 $901,556,501,756 $133,503,871,862
2013 $883,951,539,007 $190,498,811,460
2012 $845,689,017,066 $182,591,753,828
2011 $913,140,741,333 $169,333,835,202
2010 $852,464,982,433 $141,209,170,427
2009 $878,954,223,140 $121,552,153,444
2008 $957,901,566,041 $188,110,390,660
2007 $853,499,460,873 $148,733,861,386
2006 $737,593,995,289 $111,884,752,475
2005 $688,133,699,636 $89,238,865,119
2004 $661,224,886,143 $67,220,154,164
2003 $582,435,617,082 $52,010,355,753
2002 $475,529,972,123 $43,956,163,612
2001 $432,536,219,669 $39,309,580,983
2000 $417,649,282,154 $32,375,083,935
1999 $447,778,514,140 $31,580,639,554
1998 $438,612,530,549 $41,882,523,345
1997 $417,506,211,882 $50,151,531,592
1996 $451,372,549,020 $44,558,831,005
1995 $452,967,334,614 $48,213,856,469
1994 $379,688,232,232 $52,549,580,265
1993 $354,070,495,966 $65,648,559,903
1992 $363,497,050,125 $73,945,908,384
1991 $327,982,316,124 $77,350,733,982
1990 $318,799,003,994 $81,393,558,423
1989 $258,716,904,292 $82,709,161,099
1988 $262,295,966,105 $74,703,517,903
1987 $245,406,949,521 $64,087,694,038
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/ukraine | CC BY

GDP per capita in Netherlands vs Ukraine by year

Netherlands
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Netherlands Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $67,520 $86,174 $5,038 $18,550
2023 $63,516 $81,729 $4,803 $17,665
2022 $59,123 $78,630 $3,946 $14,770
2021 $60,142 $68,574 $4,510 $17,846
2020 $53,468 $62,597 $3,505 $15,541
2019 $53,555 $62,345 $3,423 $14,217
2018 $53,955 $58,819 $2,895 $12,555
2017 $49,514 $56,038 $2,467 $11,536
2016 $46,809 $53,162 $2,047 $10,865
2015 $45,794 $50,957 $1,988 $9,922
2014 $53,457 $49,751 $2,904 $10,494
2013 $52,602 $49,622 $4,130 $10,904
2012 $50,474 $47,653 $3,951 $9,552
2011 $54,702 $47,004 $3,657 $9,127
2010 $51,306 $45,301 $3,040 $8,453
2009 $53,172 $44,959 $2,607 $7,995
2008 $58,247 $46,714 $4,018 $9,324
2007 $52,101 $44,203 $3,160 $8,900
2006 $45,124 $41,208 $2,366 $7,971
2005 $42,165 $37,778 $1,875 $7,142
2004 $40,611 $35,961 $1,401 $6,663
2003 $35,897 $34,286 $1,076 $5,764
2002 $29,447 $34,568 $903 $5,123
2001 $26,956 $33,259 $800 $4,747
2000 $26,225 $31,895 $653 $4,228
1999 $28,319 $29,316 $632 $3,871
1998 $27,924 $27,749 $831 $3,794
1997 $26,745 $26,062 $987 $3,794
1996 $29,064 $24,564 $870 $3,812
1995 $29,301 $23,480 $933 $4,124
1994 $24,683 $22,414 $1,009 $4,565
1993 $23,156 $21,443 $1,254 $5,766
1992 $23,939 $20,831 $1,413 $6,568
1991 $21,764 $20,177 $1,483 $7,148
1990 $21,322 $19,203 $1,564 $7,591
1989 $17,423 - $1,593 -
1988 $17,771 - $1,444 -
1987 $16,734 - $1,244 -
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/ukraine | CC BY

The Netherlands' GDP per capita is $67,520, ranking 13/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 11th at $86,174, while Ukraine ranks 101st at $18,550.

Economic indicators

Netherlands Ukraine
Gross domestic product
$1.21T
2024
$191B
2024
GDP rank
19/197
2024
57/197
2024
GDP growth
1.08%
2023-2024
2.91%
2023-2024
GDP per capita
$67,520
2024
$5,038
2024
GDP per capita rank
13/197
2024
120/197
2024
GDP per capita, PPP
$86,174
2024
$18,550
2024
GDP per capita PPP rank
11/197
2024
101/197
2024
Government debt
$532B
2024
$171B
2024
Debt-to-GDP ratio
43.8%
2024
89.7%
2024
Government debt per person
$29,571
2024
$4,520
2024
Government debt per person rank
24/185
2024
86/185
2024
Average annual personal income after taxes
$47,815
2026
$5,370
2026
Market capitalization of domestic companies
$1.1T
2017
$4.42B
2018
Number of millionaires
1,267,000
2025
n/a
Number of billionaires
13
2025
7
2025
Income share by richest 10%
21.4%
2021
21.7%
2020
Income share by poorest 10%
3.6%
2021
4.3%
2020
Government expenditure, % of GDP
44.4%
2024
71.3%
2024
Consumer prices inflation
3.35%
2023-2024
6.5%
2023-2024
Central bank interest rate n/a
15.5%
2025
Unemployment rate
3.64%
2024
9.83%
2021
Population
18252623
40125599

Spending and national debt comparison by year

Netherlands
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Netherlands Ukraine
Government spending Government debt Government spending Government debt
2024 44.4% 43.8% 71.3% 89.7%
2023 44% 45.9% 73.4% 81.2%
2022 43.3% 48.4% 65.4% 77.7%
2021 45.9% 50.5% 40.5% 48.9%
2020 47.8% 53.4% 45.6% 60.5%
2019 42.1% 47.7% 41.5% 50.5%
2018 42.4% 51.6% 41.9% 60.4%
2017 42.8% 56% 41.7% 71.6%
2016 43.9% 60.9% 40.8% 79.5%
2015 45.3% 63.8% 43% 79.3%
2014 46.7% 67.2% 44.8% 70.3%
2013 47.5% 67.2% 48.1% 40.5%
2012 47.6% 65.7% 49% 37.5%
2011 47.8% 61.2% 45.7% 36.9%
2010 48.9% 58.9% 49.2% 40.6%
2009 48.4% 56.3% 48.6% 35.4%
2008 44.3% 54.4% 47.1% 20.4%
2007 43.3% 42.7% 43.7% 12.3%
2006 44% 45% 44.6% 14.8%
2005 43.4% 49.6% 44.2% 17.7%
2004 44.7% 50.1% 41.6% 24.8%
2003 45.8% 49.8% 38.9% 29.4%
2002 44.8% 48.7% 37.9% 33.6%
2001 44.1% 49.4% 36.7% 36.7%
2000 43.2% 52.2% 35.5% 43.8%
1999 44.3% 58.6% 25.8% 59%
1998 44.6% 62.7% 37.1% 46.5%
1997 45.7% 65.7% 40.8% 28.9%
1996 47.3% 71.2% 36.9% 24.4%
1995 53.9% 73% 41.3% 30.2%
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 (1960–1996, retrieved 2026-02-20).

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

In 2024, the Netherlands' government spending was $540B, accounting for 44.4% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 43.8% in the Netherlands and 89.7% in Ukraine, ranking 123/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Netherlands

Ukraine
1x
Year Deficit/surplus, % of GDP
Netherlands Ukraine
2024 -0.94% -17.2%
2023 -0.37% -19.3%
2022 0.002% -15.6%
2021 -2.26% -3.97%
2020 -3.72% -5.92%
2019 1.91% -2.08%
2018 1.49% -2.12%
2017 1.35% -2.36%
2016 0.23% -2.46%
2015 -1.84% -1.16%
2014 -2.17% -4.46%
2013 -2.87% -4.78%
2012 -3.83% -4.31%
2011 -4.42% -2.76%
2010 -5.3% -5.77%
2009 -5.06% -6.27%
2008 -0.06% -3.14%
2007 -0.16% -1.97%
2006 0.04% -1.36%
2005 -0.51% -2.28%
2004 -1.82% -4.41%
2003 -3.19% -0.89%
2002 -2.23% -1.84%
2001 -0.47% -3.03%
2000 1.14% -3.19%
1999 0.28% 4.95%
1998 -1.34% -2.69%
1997 -1.6% -5.37%
1996 -1.91% -3.09%
1995 -8.72% -4.72%
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/ukraine | CC BY

In 2024, the Netherlands' government deficit, the difference between spending and revenue, was $11.5B, equivalent to 0.94% of GDP. This compares to Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, the Netherlands recorded a fiscal deficit in 22 of those years, while Ukraine ran a deficit in 29 years. On average, the Netherlands posted an annual deficit equal to 1.61% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
Netherlands

Ukraine
1x
Year Consumer prices inflation
Netherlands Ukraine
2024 3.35% 6.5%
2023 3.84% 12.9%
2022 10% 20.2%
2021 2.68% 9.4%
2020 1.27% 2.7%
2019 2.63% 7.9%
2018 1.7% 10.9%
2017 1.38% 14.4%
2016 0.32% 13.9%
2015 0.6% 48.7%
2014 0.98% 12.1%
2013 2.51% -0.3%
2012 2.46% 0.6%
2011 2.34% 8%
2010 1.28% 9.4%
2009 1.19% 15.9%
2008 2.49% 25.2%
2007 1.61% 12.8%
2006 1.1% 9.1%
2005 1.69% 13.5%
2004 1.26% 9%
2003 2.09% 5.2%
2002 3.29% 0.8%
2001 4.16% 12%
2000 2.36% 28.2%
1999 2.16% 22.7%
1998 1.96% 10.6%
1997 2.11% 15.9%

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

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

Over the past 28 years, the Netherlands has recorded an average annual inflation rate of 2.31%, compared with 12.8% in Ukraine. In 2024, inflation was 3.35% in the Netherlands and 6.5% in Ukraine.

Top exports between countries

Netherlands
Export category Export value
Machinery & equipment $668M
Processed food, beverages & tobacco $231M
Chemicals & pharma $229M
Raw agricultural goods $166M
Animal & marine products $56M
Textiles & consumer goods $49.4M
Raw materials & minerals $39.7M
Metals $25.1M
Wood & paper products $10.1M
Miscellaneous $6.97M
Ukraine
Export category Export value
Raw agricultural goods $991M
Processed food, beverages & tobacco $568M
Animal & marine products $238M
Wood & paper products $68.4M
Machinery & equipment $36.1M
Metals $25.9M
Chemicals & pharma $24.9M
Textiles & consumer goods $23.4M
Raw materials & minerals $4.19M
Weapons & explosives $336K

Balance of trade

Netherlands Ukraine
Current account balance
$111B
2024
-$15.1B
2024
Current account balance ranking
5/190
2024
179/190
2024
Current account balance, % of GDP
+9.13%
2024
-7.94%
2024
Goods imports
$606B
2024
$72.3B
2024
Goods exports
$693B
2024
$39.3B
2024
Service imports
$262B
2024
$22.9B
2024
Service exports
$308B
2024
$17.3B
2024
Imports of goods and services, % of GDP
71.4%
2024
48.3%
2024
Exports of goods and services, % of GDP
82.4%
2024
29.4%
2024

Economic freedom indices

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

Netherlands Ukraine
Economic freedom 78.5 54.1
Economic freedom ranking 11/197 135/197
Property rights 96 21.6
Government integrity 86.8 35
Judicial effectiveness 96.1 28.2
Tax burden 54 83.7
Government spending 42.2 0
Fiscal health 95.9 3.9
Business freedom 85 57.4
Labor freedom 59.3 46.9
Monetary freedom 77 65.7
Trade freedom 79.4 73
Investment freedom 90 35
Financial freedom 80 30

Economic freedom comparison by year

Netherlands
Ukraine
1x
Year Economic freedom index
Netherlands Ukraine
2026 78.5 -
2025 78.2 -
2024 77.3 -
2023 78 -
2022 79.5 54.1
2021 76.8 56.2
2020 77 54.9
2019 76.8 52.3
2018 76.2 51.9
2017 75.8 48.1
2016 74.6 46.8
2015 73.7 46.9
2014 74.2 49.3
2013 73.5 46.3
2012 73.3 46.1
2011 74.7 45.8
2010 75 46.4
2009 77 48.8
2008 77.4 51
2007 75.5 51.5
2006 75.4 54.4
2005 72.9 55.8
2004 74.5 53.7
2003 74.6 51.1
2002 75.1 48.2
2001 73 48.5
2000 70.4 47.8
1999 70.2 43.7
1998 69.2 40.4
1997 70.4 43.5
1996 69.7 40.6
1995 - 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for the Netherlands is 78.5, ranking 11/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Netherlands Ukraine
Services, % of GDP
70.5%
2024
60.6%
2024
Industry, % of GDP
17.5%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
1.73%
2024
7.11%
2024
GNI, Atlas method
$1.12T
2024
$184B
2024
GNI per capita, PPP
$84,970
2024
$18,560
2024
Total reserves including gold
$79.1B
2024
$43.8B
2024
Total reserves ranking
34/177
2024
46/177
2024
Net foreign direct investment
$11.1B
2024
-$3.71B
2024
Net inflows of foreign direct investment
-$17.1B
2024
$4.02B
2024
Net outflows of foreign direct investment
-$5.93B
2024
$305M
2024
Servicing debt to the IMF, % of GNI n/a
5.42%
2024
Poverty at national poverty lines
14.5%
2021
23.2%
2020
Gross capital formation, % of GDP
19.7%
2024
18.6%
2024

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/ukraine | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.