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Coronavirus effects on purchasing power in the Netherlands 2015-2021

Many effects of the coronavirus pandemic were not reflected in the static purchase power of Dutch households. According to estimates from June 2020, purchase power in the Netherlands was expected to still increase. The source acknowledges, however, that this figure does not include likely scenarios like unemployment and less available work hours due to lower production or available assignments. Before COVID-19, it believed that a large number of Dutch households was going to experience an increase in purchasing power. Roughly 22,000 households, for example, were forecast to see a growth of five percent or more.

 Singles with average income see purchasing power grow the most

  The singles with average incomes (35,000 euros) were expected to see the most significant increase in their purchasing power in 2019, at over two percent. With the exception of couples with one child on a double income (earning between 10,000 and 25,000 euros) though, all other household types could foresee a growth in purchasing power.

Purchasing power under Rutte III-government

  Pensioners and people on social security benefits are especially vulnerable to the dynamics of a changing economic situation. Another forecast released just before the Rutte III government was inaugurated in October 2017 predicted a growth of the purchasing power for all groups under the new government: the working, the pensioners and the recipients of benefits. It was however expected that the purchasing power of the employed group would increase far more than the purchasing power of pensioners and people on social security: 1.4 percent vs. 0.6 and 0.7 percent.

Percentage change of the purchasing power in the Netherlands from 2015 to 2019, with a forecast for 2020 and 2021

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Source

Release date

June 2020

Region

Netherlands

Survey time period

2015 to 2021

Special properties

Static, median of all households

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Statistics on "Job market in the Netherlands"

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