Why the Dutch Economy is Outperforming the Rest of Europe

[@TLDRnewsEU]

CORRECTION(ish): While it's true that the Netherlands' energy support package wasn't particularly generous (at least compared to other countries where natural gas makes up a similar fraction of energy consumption) and that domestic demand rebounded remarkably well in the Netherlands, the dramatic swing in YoY inflation shown at 3:38 is at least in part because of the specific way that Dutch statistical authorities measure inflation (explained here: www.rabobank.com/knowledge/d011374284-a-new-dutch-inflation-methodology-definitely-an-improvement). Thanks for watching and hope you enjoyed the video!

[@tijmendevos3008]

Good correction! Please also have a look at the real wage point. I really believe that wages have not caught up to inflation in the netherlands so if you could provide a source stating otherwise i would be very interested

[@r7r273]

Could there also be a point on the broken subsidiary system of the netherland?

[@chrislambaa7586]

Could you do an episode on Denmark? It would be interesting to see and maybe to compare with the Netherlands. I think Denmark and Netherlands are similar in some financial ways like debt, wages, both small landmass, economic growth, and so on. However, Netherlands is more like Germany in terms of things like healthcare, where Denmark is the Scandinavian model.

[@TheSegert]

Hi TLDR always love your videos. As you see in the comments. Lots of dutch people are... Not agreeing with this. For good reason. There is a huge poor working class in the netherlands. That after the pandemic dont have more money. Or at least less spending power. People spend because they know if they buy something valuable now or something now. It will be more expensive later. Also Dutch statistical authorities tend to try to give numbers in favour of the government. So for poverty numbers. According to the statistics poverty has HALVED in a years time. Which is untrue. They changed the calculation methot of poverty. And now there are 50% less. Compared to last year. They didnt retroactively use that calculation methot on previous years no. They compared the new calculation methot numbers of this year with the old methot that was used last year. And thus making it look like we are less poor. I have a lot of money. But i have to spend a lot of money to life. Being poor in the netherlands is expensive. If i had my money and lived in romania or any other country. I would be middle class. In asia i would be upper middle class. This is why lots of people that have gotten a little bit of money. Buy a house abroad and emigrate. Like spain. The government rules are. That they still keep their pensions and other benifits. Which means. They have upgraded themselves from lower class that barely gets by. to middle class or upper middle class.

[@TheSegert]

@@tijmendevos3008 Someone said something very true. Its expensive to be poor in the netherlands.

[@Thalasaur]

As a Dutch person, I don't notice. Can't afford a house. Groceries, gas and petrol have become expensive as heck. And our salary doesn't grow much. In other words, My family and I are part of the working poor. The lesson to learn here: Pick competent leaders. EDIT: Some people seem to believe you can still run with two broken legs. If that's you. You're delusional. Our current economic state is such that the government is breaking your legs, giving leg prostethics to immigrants/Ukranians/Syrians/etc and then telling you to run. I got a €175,- raise last month and that has translated to having €40,- more. The rest is taxed in a variety of ways, and will be worth less in the future, due to crippling inflation. Many things that cost €1,- before now costs €3. In short, I'm not interested in your delusional bootstrap bs.

[@MarkCan-gy4rx]

as a Dutch person aswell, I bought my first house last year. I dont need gas eco friendly home. I dont need Patrol working from home. my salary grows 8% each year for the last 4 years. The lesson here is dont rely on the goverment to help you, help yourself by getting better educated, earn more, invest more spend less. Its not hard you just need an strong mindset thats it

[@BrandonBDN]

That’s always the case in non-welfare states, GDP growth and such usually trickles down. The rich benefit first, the middle class gets after a year or so, and it takes about a decade to reach those closer to poverty.

[@BlueSkyEntertaiment]

I live in germany next to the border and the amount of people that come grocery Shopping from the netherlands has skyrocketed scince the pandemic. On saturdays there are sometimes more dutch shoppers than germans in the big stores

[@Thalasaur]

@@MarkCan-gy4rx I don't rely on the government, but there are levers that they can turn that dramatically increase or decrease your chances. Both of us are highly educated, I work from home too and neither of us spend much. You attribute your success to your education and smart choices where luck and timing are probably equally important. From the way you talk, and the assumptions you're making, those are probably the biggest factors.

[@Thalasaur]

@@BrandonBDN Evidence?

[@TypicallyThomas]

As a Dutchman, that economic boom is so quiet that people living in the country aren't noticing a thing. It's all for the rich

[@oooshafiqooo]

1% growth is only well in European standards, that is already rich af

[@soundscape26]

Typically this kind of stuff is never very noticeable to people on the street much less in a short term

[@GuideGame1]

​@MIA_DaDe Non-Western immigrants as a group have the highest percentage of poverty, compared to Dutch people. But the biggest group of poor people in the Netherlands are Dutch people.

[@deounivers7663]

@@MIA_DaDe I think compared to Europe Dutch are doing very well, however, there are a lot of social cracks in the system with 99% being housing related. Young people just can't afford to rent housing, let's not even talk about buying. Unless your parents own something or can help you with this, you are not in a great spot.

[@btrading4996]

@@deounivers7663 because everybody wants to live in the biggest town happens in other countries also

[@AnimilesYT]

The Dutch economy may be growing, but the vast majority of people are struggling more and more. The current government also wants to cut down on healthcare, education, and public transit which were all already getting worse and worse. The numbers do not represent the reality of living in the Netherlands

[@denneus_dennis]

These numbers were still from the previous cabinet, so I wonder what the current cabinet will do to these numbers. My prediction is that the budget cuts as you mentioned will reduce future economic growth at the very least, maybe not short term, but definitely long term.

[@jaegar2004]

Raul, what you said doesnt make sense since the spending of tax money is part of the gdp. Also, no one said that the healthcare system wont be state provided. If you want to lower housing prices you have to do: 1. Reduce immigration levels or create a construction industry mandate that at least a signifacant percentage of newcomers have to work in the construction sector soo the government cannot accept more migrants till those jobs are filled. 2. Make bureaucracy faster for the construction sector. Extensive bureaucracy make workers stay at the construction site without working(that is also the reason nuclear plants are soo slow expensive to build in the eu), it increaseses both construction times and prices. And no socialism wont solve the problem, it just turn it into a whell of fortune. And no housing subsidies wont solve it either because it increases demand, soo even less people will get what they want. The only solution is to increase supply by building more or decrease demand by not acccepting refugees and deporting existing ones.

[@MaPe-gv6ih]

Do you know this for sure or is this is an assumption?

[@EenYouTubeGebruiker]

@denneus_dennis The current cabinet is populist like Rutte I, they apply pro-cyclical budget policy of Rutte II and cut the budget of what's making money like the energy transition, education and R&D and they're having similar ideas on economic growth without immigration like Brexiteers. The economic growth the Netherlands is having now is more and more being fueled by the real estate market at the cost of our industrial sector. The real estate bubble reminds me of that in China that collapsed, because Xi Jingping had to destroy Evergrande, a gigantic real estate company of the buddies of Xi's predecessor and internal enemy Jiang Zemin. A political decision will destroy the Dutch economy as well. It could be the planned migration emergency law which could lead to the deportation of the mainly Islamic (1st 2nd 3rd 4th generation) immigrants working in the bio-industry, warehouses and parcel companies like DHL, FedEx and UPS. It can also be the Americans that want to contain ASML too much. Russia also might have something up their sleeves to damage our economy, because their brutality with their active measures across the NATO territory is only getting worse at the moment. It could also be something else like a new pandemic. I can only hope the deep state from the Rutte coalitions can mitigate the mismanagement of the current coalition.

[@CristianmrWuno]

That happens everywhere, it seems the global economy trendings are more interconnected than we thought

[@judewarner1536]

Comments make it clear that ordinary people in the Netherlands are NOT noticing the benefits of the country's economic performance. It is not difficult to guess why: those benefits are accruing mostly to those who own everything, and not those who form the greater part of the working population.

[@Stefanius058]

Yeah, the common people here only see costs rise up, not the income.

[@RandomWandrer]

Not a big surprise, looking at who's been in charge for the last decades. More money staying at the top.

[@peterdevalk7929]

@@RandomWandrer Do you REALLY think it's getting any better NOW? Not that I don't agree with you, but let's be honest, it's only getting worse.

[@peterdevalk7929]

100 comments from 100 people vs 17,999,900 Dutchies. It's the LOUD crying minority, nothing more.

[@Quickshot0]

Wealth inequality in The Netherlands is actually apparently pretty low and hasn't changed much in recent years. So the theory that it's all going to the rich seems unlikely. One would have to speculate on some alternate possible reasons why they feel like that. Things like, could it be sticker shock, that after high inflation after such a long era of low inflation, that the prices and thus living seem a lot more expensive? Could it be that there are some extra issues that are making things difficult? Perhaps the benefits are coming, but as so often local people won't really notice it fully until a year or two later? Or it could even just be that people get caught up in the latest news cycles. Where for much of the world things perhaps are at times getting harder with ever larger wealth inequality, and so they feel like it must be happening at home as well. Even though in this case it just isn't and so they just have formed a false impression. Well it would take substantial research to figure out which it might be really... maybe some economist has done some of it already, or so one can hope.

[@tatianastarcic]

Some group of economists have projected that both the U.S and parts of Europe could slip into a recession for a portion of 2023. A global recession, define as a contraction in annual global per capita income, is more rare because china and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[@sharonwinson-m8g]

My major concern now is how can we generate more revenue during quantitative times? I can’t afford to see all my savings crumble to dust.

[@ScottKindle-bk3hx]

It’s a delicate economical season, so you can do nothing or little on your own. Hence, I will suggest you get yourself a financial advisor that can provide you with valuable financial information and assistance.

[@nicolasbenson009]

That’s why I always make it a point to speak with a financial advisor before choosing any investments. Apparently , I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends.

[@SandraDave.]

i’m in dire need of guidance so i cIan salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?

[@nicolasbenson009]

I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Melissa Terri Swayne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

[@RikKrist]

Being from the Netherlands 🇳🇱 I can say this all looks nice on paper, but as an ordinary citizen you don’t feel anything off this “good news”.. Houses are crazy unaffordable (if you even manage to find a place), groceries and fuel are very expensive, taxes are high. Sure, it’s easy to get a job here, but costs of living aren’t making life very nice here, wich is why I moved to Germany (still working in NL). Houses are more affordable, supermarkets still have good prices and you can fuel your car for an okay amount of money!

[@NLJeffEU]

Idiot. Yes germany is cheap when you have a dutch salary... Now go work in germany with a german salary and look again. 😂

[@sanane66543]

we do absolutely feel soemthing do..... we feel that we are getting way poorer😂 this stuff about economic boom is a joke

[@-_YouMayFind_-]

It´s hard to say though because I don´t know how it is so live in other countries xD.

[@returo7297]

racisrs alrunto duc

[@-_YouMayFind_-]

@@sanane66543 That is just inflation, nothing new and nothing strange. That has nothing to do with the economy itself.

[@Elucidator-]

As a Dutch person: houses are unaffordable for many, and economic growth does not translate - at all - to better living conditions. It is only getting worse with each passing year. The benefits of economical growth are not trickling down, but stay in the hands of few.

[@ecnalms851]

Sounds like the UK too but at least your economy still looks good on spreadsheets. Not to mention that your debt is very low - just 46% compared to UK's 100% so you have lots of room to borrow money if you wanted too.

[@DiederikCA]

The thing is: people who already have a house and a mortgage are doing fine. Their costs are not increasing, but their wages are increasing. However, anyone between 20-35 years old is basically screwed because houses are either not available, or too expensive. The numbers hide those facts quite well. But it's a huge issue, because demographically that age group is very important. They need to innovate, start the new businesses of tomorrow, and have families. Instead they're preoccupied with having a place to live

[@Elucidator-]

@@ecnalms851 There is room to borrow alright, but the average citizen at the end of the day does not care about 100% debt relative to GDP or 0%. It is all about the standard of living. Belgium for example for a very high debt, but if I were to go over the border my living standard would increase by quite a bit. Thus I am looking to move, while still working in the Netherlands.

[@Elucidator-]

@@DiederikCA Exactly that, and the demographic catastrophy that is going on will supercharge the problems associated with the ageing of our population. None of my friends have taken kids save 2. We are all early thirties, and those that are still childless don't even consider in the slightest to get children. We first want to get a chance for a future (own home, to be well off financially) before even remotely moving on to such a thing. Without doubt, many Dutch people will not become parents, maybe in the worst case roughly half of Gen Z if things keep as they are. This will absolutely wreck our society unless we crack the life extension code.

[@RalphdontGAF]

You dutchmen don't know ur born. I rather live next to a dutchmen than be anywhere near a running Welshman.

[@jiraya350]

Not surprising the government has been running a surplus all these years, considering all the cuts in public spending. If you look at the long term effects here, it paints another picture.

[@justlynch7381]

you mean like Germany that has been saving and saving and saving (mostly Merkel era, but partially still going on) and now has bridges collapsing and a disaster of a train system (compared to what it should be)? In that case I'd second that 😀

[@TheJubess]

​@@justlynch7381yeah but for us it's the military, education, healthcare and technology r&d

[@joey199412]

@@justlynch7381 Infrastructure is still being spent on. It's Education and Healthcare the Dutch government is saving on.

[@OttoKreml]

Are we talking something closer to infrastructure cuts, or pension cuts?

[@RealConstructor]

But you need a surplus in good times so you can afford a deficit in bad times.

[@micheal_mills]

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

[@NicholasHarmon-ow3jl]

The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.

[@DavidRiggs-dc7jk]

Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market adviser, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.

[@EllenAbrex]

My partner’s been considering going the same route, could you share more info please on the advisor that guides you

[@DavidRiggs-dc7jk]

I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Vivian Jean Wilhelm" I've worked with her for some years and highly recommend her. Check if she meets your criteria.

[@EllenAbrex]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@jimoldenkotte7579]

As a dutch: wtf are you talking about?

[@wildwilco]

the rich companies are doing great, tax reductions, tax avoidance/evasion, their profit is booming! so on paper, the country is doing AMAZING. the people though... gas prices redicilously high, housing prices doubled in 4 years, grocery prices doubled in 2 years.... its not a fun country to live in...

[@L_back]

@@wildwilcoPart of the reason why gas prices are ‘high’ is because of the so called “ecological” policies of the previous government with D66

[@Kriskrasnopol]

@@wildwilcogas and electricity prices are very low at the moment

[@wildwilco]

@@Kriskrasnopol no they are not. They are double from what they where 5 years ago. Gas prices are double aswell

[@Conceicao1976]

@@wildwilco Are you actually serious saying "its not a fun country to live in"??? The examples that you give are issues that also occur in many other countries, so good luck finding a country where things are much better!

[@gorkemdenizarslan7634]

All the people complaining from Netherlands 🇳🇱 Im living in Netherlands too. But you guys have no idea how the economy works. Even tho Netherlands is rich, rest of the world is crumbling. We live better than 90 percent of the countries. Prices are up everywhere US,UK,Russia,China,Germany everyone has economic problems. And we all tied together if one country is on brink of war and economic collapse is near especially in these major countries, It is definitely effect your country too no matter how well you are doing. So stop complaining, start saving, work for your future. All I see is complaining people. Stop waiting everything to magically change. World was hard before covid too. 90 percent of the people would give their life to swap places with you.

[@Annet1608]

So true. Complaining is second nature in NL. I am Dutch but travel a lot for work and know one thing: most things are better than in other countries. We have a lot of people that are net-receivers (they hardly pay any tax on their income and receive a lot of benefits) but funny thing is they do not realise and it is easier to blame the “rich”

[@BeesKneesBenjamin]

Wait what? I can't imagine how bad the situation in Europe is if we are outperforming them, damn...

[@tomasmoura8387]

Ill tell how bad. Engineers in Portugal make 1500 euros gross per month :)

[@JurrBTful]

Het is behoorlijk bagger gesteld met veel Europese landen en dan spreek ik vooral over de "normale- niet vermogende" burgers.

[@9Gorgon6]

I mean, the Dutch went from an average salary of 2800/m without taxes subtracted in 2022 to an average salary of 3666/m without taxes subtracted in 2024, the problem is most citizens don't notice it due to the insane raise in prices in basically every industry. But the Dutch economy is definitely booming. The Netherlands, both as a country/government and as it's citizens has been the richest they've ever been. But in contrast, if you take Spain for example which isn't doing necessarily bad nor good, has an average monthly salary of about 2200 euro a month without taxes subtracted, but as long as you have some savings you can easily afford a mortgage on a house which in the Netherlands I believe to be nearly impossible right now. For young Dutch citizens, although I'm not a financial advisor, I'd look into investing in other countries or maybe even working while living in other countries if your job allows you to. If you make 3500 a month you can basically live as a king in basically any place in the south of Europe.

[@LinkeHarryB]

@@BeesKneesBenjamin Dutch people complain too much. Don't realise how good we have it.

[@prooheckcp]

@@tomasmoura8387 Portugal is a terrible example when it comes to economy

[@tijmendevos3008]

Hey TLDR, really like your content normally, but the analysis done right here is really subpar so lets try to fix that. Let's start at inflation. That did not come down quicker because we protected ourselves less against the high energy prices. The real reason is that our statisticians tracked them differently than the rest of Europe (so basically we made a mistake). Instead of looking at what people actually paid we looked at the prices people paid if they got a new contract, which with most people having annual contracts was clearly not what everyone paid. This resulted in an inflated inflation number which also came down a lot quicker. Statistics Netherlands actually has data on the non-inflated/actual inflation rate, which was very comparable to the Eurozone inflation rate. Secondly you state that wages have caught up with inflation and that we have actually have real wage growth. This is not the case real wages are not higher than they were in the summer of 2021. Thirdly I don't really see any proof that household consumption has been high. Our recovery in q2 (+1%) has come despite a decrease in household consumption. Further on I don't think we should speak of an economic boom when a country grows 1% per year especially when the country grew by 0,1% in 2023 and is projected to grow 0,6 this year.

[@hwdja]

Assuming the data thing is correct I do think they should correct this. On the other points I think media exagerrating the significance of something is hard to avoid when it drives engagement ~= to money.

[@minor_2nd]

Marketing for engagement is one thing, but spreading misinformation, be it in tentional or not, is never okay. Especially coming from reputable sources like here.

[@HermanWillems]

Also part of inflation is based on personal choices. Inflation is not the same for all people. My personal tactic is to lower my own personal inflation by my own actions.

[@KreeftEMS]

Surprisingly high-quality comment!!

[@markuserikssen]

At the same time, a lot of people are struggling to afford basic needs in The Netherlands. A lot of young people can't afford buying a house and the rents are insane in many cities. But I'm happy the economy overall is doing well...

[@kaybe3044]

Lets be real now. In what country is that not happening?

[@Siranoxz]

People can afford basic necessities and through the government safety nets. But the problem is housing at the moment.

[@markuserikssen]

@@kaybe3044 I know...

[@markuserikssen]

@@Siranoxz A lot of people have a hard time affording basic needs. The number of people going to food banks and homelessness are rapidly increasing. It's affecting the society so much that the birth rate is going down year after year (not only because of that, of course). People simply don't have enough money to raise children or afford a bigger home.

[@Fruzhin5483]

"young people can't afford buying houses..." Is the most obnoxious, privileged and out of touch statement a man can make. Oh no, some smelly 20-30 something can't buy a 2-3 story building. An absolute nightmarish situation for us all

[@MagarethWoods]

Every family has that one person who will break the family financial struggle, I hope you become the one

[@HexaBoxabl]

Is she really that good? I have seen lots of videos about her

[@V1ct0v]

If we're looking at economic data, let's also include the figures on income- and capital inequality. All of this "outperforming economy" is landing in the pockets of a tiny minority. And a government surplus means nothing if you just cut all spending on social security and healthcare. Every country can run a government surplus that way. In the long run, it just has negative effects, most of which are already being felt bitterly, for years, by the majority of regular dutch citizens.

[@krombopulos_michael]

Not really. Cutting spending is a double edged sword. Most economists now agree that spending cuts following the 2008 recession just exacerbated the problems. On a national level it's not as simple as just cutting spending to help balance books or grow the economy, because cutting services often has a lot of negative knock-on effects that depress revenue too

[@timbo50nl42]

Cut all the spending on social security? We have affordable healthcare and education. Whe have percentage wise by a mile the most social housing.

[@prooheckcp]

You know Europe is doing really bad when 1% is seen as an economic boom

[@St0rrrm]

it's 1% for a quarter tbf

[@-_YouMayFind_-]

To be honest it doesn't need to be bad. Lots of European countries were already considered rich. LOts of countries that have 5% growth are countries that come out of poverty. Its not strange that countries that we already okay do not grow as much.

[@sebastiaanl9876]

You know KZbinrs are stupid when they don’t know that economy can’t grow every year 5/10% only upcoming country’s can do that

[@leonvanpetegem1663]

Let me guess you are from the us where a general citizen has even less money

[@joopschep8153]

The reason the budget has been so good is that the Dutch goverment was unable to spend the money due to a lack of workforce. For instance not enough people to make the paperwork to enable construction work, not enough people to build the houses etc. This is a big problem.

[@yourealittlebitfat4344]

hahahahah er zijn genoeg mensen die huizen bouwen, maar huizen bouwen is RACISME naar het klimaat.

[@GamzeeRakoon]

bffr its hard as hell to get a job, let alone a job thats able to pay all your bills

[@basinox]

An economic boom in the Netherlands? I honestly felt like we were in a quiet recession

[@TheSegert]

It fels more like a big recession in my area(friesland)

[@jerrelhurenkamp5251]

For us yes. The rich are thriving.

[@HermanWillems]

​@@jerrelhurenkamp5251succes is een keuze. Just dont be poor.

[@dbs5212]

@@HermanWillems ha ha

[@NanoGalactic42]

@@jerrelhurenkamp5251 ik heb een goed idee, laten we een rechtse regering verkiezen! Die lost dit soort ongelijkheid vast wel op, en zal er vast voor zorgen dat essentiele onderdelen van de maatschappij ondersteund blijven... Toch?

[@turkmenistan1940]

Glad to see those poor rich people in my country are doing great!

[@RogerKeulen]

Good to hear the Dutch are still complaining.

[@Twentenaer]

@@RogerKeulen Looking at his name it seems to be a well integrated Türk

[@-_YouMayFind_-]

@@RogerKeulen Hahaha yes we always complain, but in truth parents buy electric bikes for their kids that don´t need them. That shows that economically/financially people do perfectly fine.

[@HermanWillems]

Rich people that complain they are poor. But are actually rich.. typical Dutch.

[@HermanWillems]

​@@-_YouMayFind_-yes exactly. Drive on the road and highway. Expensive cars everywhere. Fatbikes for every kid everywhere. People are doing fine its just Rich Dutch people complaining that they have a bad life lol. Typical you see it all over the internet... Complain complain complain. While they are rich.

[@gio3061]

The economy is so good that I have 20 euros left until the 20th Edit: 2 days are done. We are still at 20 euros. I may survive yet

[@thijmendol8248]

Sterkte :(

[@dorukhanbozkurt5826]

I have less but Im stocked up with lidl pasta :D

[@rik9251]

ben je zelf bij kerel

[@RhodesianSAS-gn4qp]

Hey it's only 4 days man, hold on!

[@wesleyg2403]

Sounds like you have a spending problem 😂

[@MissesLykaa]

As a dutch person i had to click on this immediately because i have no idea why the Dutch economy is supposedly doing so well 😂

[@MrBurnsExcellent]

On the books it is just like the US, but doesn't mean anything for the everyday person.

[@harambe4656]

this boom is only for the rich..😢

[@Marius-J]

Gaat naar de boomers, niet naar ons🥺

[@TheSegert]

@@Marius-J Kut boomers. Verwachten ook nog eens dat wij hun pensioen gaan ophoesten. echt niet. Alle mensen onder de 40 zouden moeten stoppen met werken als protest tegen die rijke boomers.

[@-_YouMayFind_-]

@@MrBurnsExcellent Everyone witnesses inflation which is not weird because it was the European bank that is the cause of this and also other banks that caused this. It actually doesn;t meanthat the economy isn't doing well, it just says that we have inflation and also a temperary issue of the large amount of elderly people that own quite a bit of houses as well. When that group dies, homes will be available and cheaper as well.

[@FaustsKanaal]

Because we actually make stuff, we arent a tertiary service economy only. We have huge petrochemical industries and chip manufacturing. Also a big agricultural sector.

[@jappiejojo777]

I’m Dutch and I notice this. Every concert, restaurant, store, vacation park, etc is packed every weekend I do think the boom is mostly in the big cities.

[@Chuck.Norris]

It's so quiet in fact that nobody in the Netherlands has heard about it. Dont believe everything you see online folks.

[@MrQuinsime]

New drinking game: take a shot every time someone comments "as a Dutch person"

[@darinakalinova2180]

I can't play yet, it's too early 😂

[@LifeisajokeER]

or GEKOLONISEERD

[@ZeeMatthias]

The worst time to start obsessively following the stock market is right after it's crashed -- that is, unless you're taking that long-term perspective and looking at it as an opportunity. If your stomach is in knots because the market just tanked, try reading up on the facts about crashes instead of focusing on what just happened. You'll learn that crashes are incredibly common, and the stock market has always recovered

[@JackKen649]

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[@justinnicasio1306]

one strategy is betting against the market which can be really profitable but first of all, you'll need to study the market intensely

[@Paulakanyutu]

Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.

[@JackKen649]

"It's usually best to ignore the trend whether bullish or bearish and stick to a proper trading plan maybe from the help of a professional. I recently just started investing again so I am still in touch with the consultant that provides entry and exit points on the securities I focus on. She does all the technical analysis legwork while I go about my other businesses. You can use something else if you are the DIY type of guy, investing has no one way to do it".

[@JasminetheJewel]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

[@PantalonesGrandes-px1io]

It is noticeable. If you look in the Dutch big cities on a Sunday, people are shopping and enjoying the hospitality industry, like never before. Sure there are also people struggling, which is hard to rule out, but in general, people are doing well.

[@lostgleammedia]

It's weird how properly educating and providing for your people, creates a massive boom in your economy

[@soundscape26]

And that was done in the last 3/4 months?

[@lostgleammedia]

@soundscape26 really, these results from such little time, is that what you're saying

[@soundscape26]

@@lostgleammedia Unless your comment is a broad take on the matter, in which case I agree, I don't see how that is responsible for the Q2 GDP results that serves as the base for the whole video.

[@lostgleammedia]

@soundscape26 no my take, is that northern European countries educate their citizens well while also providing a condusive culture for human wellbeing, and that their societies have the best standards of living in the world. And have also created a lot of wealth. That was my only point

[@jerrelhurenkamp5251]

Wow the rich get richer. Leuk man. Growth for who? Not us regulars dutchies.

[@mricardo96]

Alle amerikaanse investeerders ongetwijfeld

[@L_back]

I’m a Dutchie too and I looked up Dutch poverty rates. They’ve been some of the lowest in Europe for like 2 decades now.

[@Daniel-vg8fk]

As yet another person from the Netherlands, this economic growth is in almost no way possible. Sure it's still a great country to live in, especially compared to most other countries, but basic life needs are incredibly expensive and don't seem to go down any time soon.

[@hertzollner]

The average Dutch citizen is not feeling this at all.. Cost of living is raising every year. Average wages not so much.

[@coronaphone710]

That's the whole point of their agenda. They want to decide how you look, present yourself and they want to decide how to live your life and what worldview you should have, due to that/those agenda(s). And let the current position of this dangerous world be a perfect argument to superseed any factual statement opposing the collective mindhive opinion. They don't want you to own a house or have savings because you become a critical thinking person who might have a better horizon in front him/her and leave their current job. And you become a person who might be able to join a club that is already full and full of secrets where you have access to the legal system just like the other upper tiers of society who are....in...the club. They also want to censor and regulate people online who might become popular or who might get views through that unregulated internet through fear and intimidation just like the police does in GB. This is for example is a well documented page to a dossier tomorrow....😂 Keeps "them" in power, out of negative limelights and in the workforce. That wealth is and was a great sacrifice. They fought hard for it...

[@kevinruppe7895]

People can barely afford their groceries, food has never been this expensive in The Netherlands it's getting out of control.

[@paulheny]

Buying Stocks or Gold are the absolute best hedges against hyperinflation.

[@Dylanchris8048]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@paulheny]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@Dylanchris8048]

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash

[@Debbiemandy9]

Market fluctuations have frustrated my previous attempts at stock investing. Ready to pivot to passive income, I'd love to learn from your journey. Share your expertise and guidance, and help me overcome my past setbacks to achieve financial stability and success

[@paulheny]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $750k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@Catonwatermelown]

The boom is so big that I’m not even able to rent a room as a student making 23 euros an hour

[@marnix1202]

I make minimum 13,75 euro an hour😵 yay horeca😢

[@mapache69.]

It’s funny, because everyone regardless from what country they come from, always complains.

[@Catonwatermelown]

@@mapache69. I understand, but Amsterdam has the most expensive housing in the entirety of Europe. I happen to come from Amsterdam and wish to stay in Amsterdam too

[@d.boekestijn]

Inflation of basic consumer goods has far outpaced that of neighbouring countries like Germany and Belgium, causing people living close to the border to get their groceries across the border. I'm not sure where you found data saying inflation is very low here...

[@sdf6508]

I live in the tri border area and groceries are NOT cheaper in Germany save for toiletry and big brands. Dairy, veggies, fruit and house brands are cheaper in NL. And don’t get me started on Belgium. Have you ever been to a Belgian supermarket?

[@nyb2.027]

@@sdf6508Some German products are cheaper, but that really depends on what you’re buying. And yeah, the only thing that’s cheaper in Belgium is fuel, all other prices are basically the same over there as in NL.

[@AhtiPovey]

The Netherlands is at a point where the houses are to expensive for new people to get one, but no one wants to bring it down because all of the people in power have houses that are extremely overpriced, so they want it to stay there

[@Langharig_Tuig]

Yet somehow the purchasing power is still rapidly getting worse. Which shows you that the models about "economics" are completely useless. This video is a great demonstration of why economics is probably the most useless study out there. You can very easily cherrypick whatever you want, you can tell whatever you want.

[@Geleivis]

that doesnt make the study bad

[@markuserikssen]

They should have showed who's earning the money and who's left behind, for a better picture of the real state of the economy and welfare.

[@Connor_Spinks]

Economics is probably the most important field of study. The fault of this video seems to be its ignoring some pretty important data and cherrypicking some information for the sake of narrative.

[@ChristiaanHW]

@@markuserikssen to be fair even with all the stuff that happened since the end of 2019, the welfare payments (de uitkeringen) have increased with the same percentage as the inflation did, so people who have to live of those state benefit payments have seen their income raise with the same level as inflation did. meaning that they are roughly as rich/poor as they where before 2020. a single person who's good with money could set aside about €400 each month with the amount of money a bijstandsuitkering is. but if you have pets, a car, life together or have children that amount goes down fast. i'm not saying people who have to life of those benefits have it easy, but it could be so much worse. at least in The Netherlands these people who have had some bad luck are able to life a pretty decent life.

[@ronaldderooij1774]

@@ChristiaanHW Except pensions. Maybe AOW, but not pensions. And I find keeping the social minimum above core inflation (not even food inflation, let alone rents!) a bit minimalistic, but I know that is a political judgement by me.

[@Happidap]

As a Dutch person I know we have some key industries built here like ASML, hightech farm equipment, etc. We are startup friendly and everyone has a chance at building a good life. Government isn’t fully funded by the rich like in the US. Country is compact making access to everything a breeze.

[@Dani2kGaming_GEIR]

Netherlands is best place for living if you have house.

[@walnoot1234]

Some insight from a Dutch expat living in CZ; these rosy economic pictures do not translate well to actual living standards. As pointed out by others, housing market is screwed beyond belief. Public transport quality has declined while prices keep going up. Similar is the health care, you pay more and more but less coverage. And then there's the social aspects, immigration, cost of car ownership, lack of personal space, overcrowded nature/beach, overcrowded classrooms... you can see where this is going; it doesn't leave much to desire. And if you're in the wrong age bracket you're gonna have to pay the pension for the all the retired elderly who we keep alive for longer and longer. Wish it wasn't so...

[@a.b3203]

helemaal mee eens. Het is niet houdbaar.

[@HermanWillems]

Now go live in CZ with a CZ salary. You will have it worse than a Dutch person in the Netherlands with a Dutch modal income. U agree right? CZ even has a worse income to house price ratio than Netherlands which means for the average person in CZ it is more expensive to buy a house in CZ than it is for a Dutch person in Netherlands. How can u not know this.. did they send you out to CZ to get u away from the office so the office IQ would go up?

[@zinedinezethro9157]

as a resident of an ex-dutch colony, never ever underestimate the big small country.

[@RogerKeulen]

There 1st in complaining. Will speak your language when they have something to sell to you.

[@peterdevalk7929]

@@RogerKeulen Yes, we adapt. Did that for centuries and centuries. That's why we succeed(ed) on about any level. BTW, the buyer has the right to NOT buy anything, wouldn't you agree?

[@RogerKeulen]

@@peterdevalk7929 I speak 7 languages. But only in Limburgs, i will tell you that your paying tourist prices.

[@AlertConsument-py6te]

​@@RogerKeulengood for u

[@SNEHDENCARDOSO]

I m immigrant working and Livin in Nijmegen Netherlands rent is 700 for tiny private room with 1 electric induction and shared bathroom,250 health insurance and tax ,600 for food

[@WelcomeToMyWorld272]

You can cut down on food expenses and the food you eat and go to cheaper stores and buy cheaper health insurance with that said cut down on voluntary health insurance you can look that up every year in December.

[@escwilde222]

Dutch person here, everything got more expensive, it's a boom for the rich.. (what is to be expected with vvd).

[@MrBurnsExcellent]

It's proven in most Western countries it's the billionaires, not even just the 'rich.' For some reason, you all think all of them are so evil because they don't give you money-that's not how it works! Plus, the VVD literally came to power not long ago, so you're telling me in the short few months they have somehow made all the economic growth go to the rich? Sure

[@hoti47]

Everyone is doing pretty good in NL, thanks to the VVD patriots. It's only going to get better from this point on. Chear up!

[@Khalkara]

@@hoti47 Why you lying?

[@soundscape26]

@@hoti47 Sarcasm?

[@hoti47]

@@soundscape26 why? Vvd is a great party with new energy and ideas.

[@t.miller8456]

I went on a trip through Europe recently and the Netherlands stood out by a WIDE margin on how seemingly perfect everything is. A town like Groningen lies in one of the poorer regions of the country but it's still monumentally gorgeous with its medieval/modern blends.

[@koenkeep]

Groningen is not poor. Where did u get this idea from? Groningen has had a lot of investments a compensation for earthquakes caused by natural gas drilling.

[@metalvideos1961]

Groningen is literally the richest province of the netherlands lol

[@augustus331]

​@@metalvideos1961 I've lived there all my life. It's not the "richest province", it's the province with the highest economic output and basically all of it went to the Western Randstad, and the houses are still broken and the provinces themselves have to come up with decades-old infrastructure project such as the Lelylijn or Nedersaksenlijk. We're really not asking for much considering the rest of the country transported over half a trillion euro's from here and *spent it all instead of investing it* Boomers have *really* fucked us.

[@fuseblower8128]

Nice but I'm worried about Germany. As the old saying goes : "If Germany catches a cold then the Netherlands sneezes.".

[@HermanWillems]

This was true in the old days. Today that statement is far less true as the reliance on German trade has been significantly lower portion of the whole cake.

[@basmca1]

The only place this is noticeable is the endless insane rise in house prices....

[@stefano_etrusco]

Basically 1) everyone speaks English at near-native level 2) corporate taxes are low, enticing lots of large companies to bring their fiscal HQ there 3) public sector works better than average

[@SPeeSimon]

A lot of people still work from home for part of the week. This also reduces their cost (like travel costs), which they then can spend on other things.

[@ThaJay]

We desperately need an increase in capital gains taxes and invest those in fixing the housing crisis. If we don't, the country will just keep getting worse and inequality will keep rising.

[@ronaldderooij1774]

I must say, I am a bit surprised by this message, as a Dutchman. I knew the country was filthy rich, and thus I assumed that getting economic growth on top of that gets exponentially more difficult.

[@alexandruxmaris]

I see Netherlands doing very well, pragmatic, competitive and connected (I live here). I wish more of the European leadership would be Dutch/Danish. The German influence is too strong and completely lacking a vision for this continent. I see even the East European countries better positioned for the future than Germany and Austria at the moment. While France is ok but somehow it doesn't seem to be able to lead. The South is lovely but not pragmatic enough. Random thoughts, thanks for the video.

[@123_1]

East Europe can grow faster because wages are low... When developed enough, wages will be colser to Western Europe and there will be no more advantage, growth will slow down...

[@grandicus]

@@123_1 a large part of the economic growth over the past 20-30 years in eastern europe has been «middle production», e.g making car parts for germany who then assemble the car, its very intertwined so not only will the boom grind to a halt when approaching western european wages if the industries in the west dont get better the economies of the east will suffer at the same rate

[@Kaisarion1998]

prices are still quite high, and wages are sure as hell not going up.

[@JeffBilkins]

Average rent in free market is now 1751 euro and they demand 3x the income to qualify, while average income is 3250. So either be rich, qualify for social housing or have a working partner.

[@RogerKeulen]

Or just save 200,- a month from the beginning of the Euro. You would have enough to get a loan for a house. It's called "Appeltje voor de dorst". It's a dutch thing. And if not your just a dutchie lives like a American.

[@richardm7713]

boomer comment.

[@rinusbeckers119]

One of the advantages of the Dutch economy in 2022 and after was the presence of a large permanent LNG import/re-export terminal in Rotterdam when the natural gas sanctions against Russia came into effect in 2022/2023. This terminal was built years ago , when it became obvious that domestic natural gas production would decline or end in future. Capacity of the terminal was appr. 12 bln m3 throughput per year. This offered an opportunity to keep using the existing pipeline infrastructure from NL to EU countries, trading instead of producing natural gas. Besides that, after the Ukraine invasion 8 bln m3 capacity was realised in the form of a floating LNG terminal in the Eemhaven port in the North, very close to the 'old' gas fields, offering a short and quick connection to the gas pipeline networks.

[@sjondon5218]

Fun fact: most Dutch people take pride in being seen as frugal

[@ChristiaanHW]

exactly, why pay twice as much if you're able to get the same thing for for half the price. that way you can safe up some extra money for a rainy day. or use the money you saved for something fun, like one of our festivals (Pinkpop for example) or just a nice night out with friends/family.

[@sopwafel]

I eat for about €90 a month and I'm so cool for it

[@CuteSkyler]

How is it a bad thing?

[@nekhumonta]

How do you recognise the house of a Dutchman? There's toiletpaper on the clothesline

[@SeverianoPaoli]

And that's a great thing!

[@sigharmin948]

have a final about this next week, using this as study material

[@nekhumonta]

If the economy does well, the rich get richer, if it goes bad, the poor do worse

[@rickdu705]

Maybe one factor is designing compact and well connected cities/towns that do not sprawl. This prevents encroaching farmland and also makes maintaining infrastructure and public services more cost effective. In contrast, just look at the design of many US and Canadian "cities", and that should tell you all you need to know.

[@SVD762-lp9en]

According to this channel every single country in Europe has an economy that is both outperforming everyone else and underperforming everyone else. Everybody has "solved" migration while simultaneously, every country is "moving right" and "moving left" at the same time. This channel is nothing but the art of clickbait without any substance in their content.

[@ohwhatworld5851]

And don’t forget how they constantly highlight how every EU country is superior in every way to basket case Britain…. Annoying AF

[@NAYRUthunder99]

​@@ohwhatworld5851reality is often disappointing

[@peterdevalk7929]

@@ohwhatworld5851 Still living in denial, doncha? Arrogance, ignorance AND megalomania gonna sink your precious silly island. Oh, wait, it's already sinking. Only things prospering in little britain are the poverty rates and the food gardens, meanwhile you have to deal with your OWN shit floating in british waters.

[@HUEHUEUHEPony]

​@@ohwhatworld5851UKtards got owned

[@100nakpvp2]

Smart city design, people riding bikes like crazy. Amazing utilization of their land with incredible architecture. Netherlands is a true gem of the west.

[@christianweller4288]

When companies relocate from or set up out of the UK.. the Netherlands is a good fit. Educated and skilled population,.good infrastructure, ,decent supportive economy, good standard of English etc etc.

[@theuralictribes5689]

Yea and a lot of illegal migrants and no go zones 🤦🤷

[@TheBooban]

Funny, I understand Shell doesn’t want to stay there.

[@JasonAtlas]

Yeah because they aren't huge on climate change because they all live underwater.

[@denneus_dennis]

And yet two multinationals moved from the Netherlands to the UK (Shell and Unilever).

[@christianweller4288]

@@denneus_dennis Already in the uk.

[@Ramon609]

As a Dutch person i feel like the government is not that frugal with money since they spend on bogus renovations like in Utrecht where they wanted to put underground pipes to give people as they call it ''city heating'' but something fell through and it was all for naught so we have pipes under the ground doing frick all and so many other wasteful projects that its sole purpose is to drain the Dutch citizen's wallets as we have to pay more taxes and pay for repair and renovation projects.. i myself have to pay a little over 83 euro's per month due to renovations where i currently live on top of my 700 euro rent

[@MovieRiotHD]

We are awesome!

[@judewarner1536]

One thing we can be sure of is that other Eurozone countries will learn nothing from Dutch methods and Britain's government will find ways to do the opposite.

[@wezza668]

the strange thing is that literally this morning there was a statement by the bureau of statistics that the Netherlands is falling behind in terms of productivity and that the government needs to decide how to take action

[@langedarm1775]

well duhh, helathcare workers were promised 1k as compensation for the pandemic, do you know what happened? they looked at a hospital 'oh you have 800 employees? here is 100k go figure it out on your own' while at the same time private healthcare clinics pay their employees triple the wages. the unions are largely geared toward those who are about to retire and because of the aging population that means young people cant even compete when it comes to deciding union goals. 'oh wow, you want to pay interns more because every single sector other than ones that earn you more than minimum wage are quickly running out of new talent? great.' 'oh wow, you want more holidays for people above 60? sure, thats what we'll fight for with employers!' everyone can see it happening, no wonder people dont want to work for little wage anymore. the video looks at averages which is really stupid in my opinion. averages including money are always gonna be skewed by the insanely rich. the modal salary increase compared to inflation gives you the real inflation. inflation has been 30,9% in the last 5 years while modal salary has risen bij 27,3% thats a deficit of 3,6% in the same time period houses have risen by a little over 100% why would anyone in their right mind look at that and be motivated to work for money so that they can buy a house. you cant save money fast enough to beat that.

[@jannecoolen2816]

@@langedarm1775 I don't think you know what productivity means in an economical sense bro, but at least you vented some rage.

[@larswillems9886]

3:15 In that list I would say that Ireland and Luxembourg don't really count. Ireland's GDP is so high because of Google, Facebook etc. and Luxembourg is a tax haven "designed" to be appealing to rich people. Agree?

[@alisatsaava8454]

Dear Dutch people, correct me if I'm wrong Am I rightly assuming that in the Netherlands, those working in tech get crazy high salaries so they can afford decent housing and upper middle class way of life, while those, who are far from working for Booking, ASML etc., are struggling to make ends meet? I also came across an opinion that in many European countries, housing is getting more and more unaffordable because of expats. They earn well above average and they've bought up most of the housing available, which, in turn, has driven the prices up.

[@merlijnsiffels3292]

There is a tax advantage for expats that Dutch citizens don't get, which results in them having more available money to buy a house. Because of the massive housing shortage this means that they are outbidding Dutch citizens in general. Besides housing costs most costs in the Netherlands are affordable. The tax benefit they got was that 30% of their income was not taxed for 5 years. It changed to be 30% in year 1. 20% in year 2 and 3. And 10% in year 4 and 5. In short: Housing shortage means that only people with the available money can buy, the rest are left behind. Due to tax benefits for specially expats, and their high salaries, the expats are able to buy housing

[@alexandruxmaris]

Not quite. Even a minimum paid job allows you to pay rent, food, all essentials and maybe save a few bucks if you are well organised. Sure, not in the heart of Amsterdam or so, and sure, in a basic smaller apartment.

[@Kennelijk]

Salary’s in tech are in general pretty high, but expats in tech are given extra benefits like housing and other perks. The average home price is about €475.000,- today. For a young couple, their yearly income must be above €105.000,- to even start a conversation at a bank. And a single home buyer must have €160.000,- cash for payment up front. So right now only 10% of people could maybe think about buying a first house. And price are rising rapidly again so these numbers are dwindling. People are obligated to live with their parents for well in their 30’s. Reasons are the lack of newly build houses. Major EU restrictions for company’s that prevent the building. Foreigners buying the houses. Immigrants getting first choice on social housing. Boomer generation getting older and healthy enough to keep living in their homes. Etc. Etc. It’s terrible. The time will come where house sales dry up because of high prices. With this or an other catalyst this market should implode between now and 2028. This is my guess but who knows?

[@jaspermooren5883]

Honestly it's fine. I've been saying that for years that most people are whining about nothing. I am working as a waiter part-time living by myself and I can make ends meet very easily. By all accounts I should be poor, but I can still spend 100s of euros on stuff I don't need every month, and build up a savings account in addition to that. Yeah, there's no way at all I can buy a house, but that's a highly unreasonable prospect anyway. Right now is a very good time to live, but for some reason half the country is acting like the world is going to end. The perception of reality and actual reality has never been further apart from each other. The amount of times I've talked to people claiming they can't make ends meet while they were wearing designer clothes is absolutely staggering. Just get your priorities together and really, things are fine. Things have been worse for 99.9% of people in history, even recent history. The world is a much better place in the Netherlands than it is almost anywhere in the world at any time in history.

[@tristan3196-l2i]

No not really, the entire economy is improving. However the current costs of housing are extremely high meaning that people starting out or who do not have low social rent/mortgage are spending up to 50-60% of their monthly income on housing. And that is going to become a massive issue for further economic growth.

[@Dutchfactss]

Interesting video!

[@teaser6089]

All countries should be as "frugal" as the Netherlands. It has nothing to do with Frugality, but just proper finance policy. Stop spending money you don't own and stop taxing people when you don't have to.

[@marcoac-sx6lq]

@@teaser6089 the Dutch have one of the highest private debt in Europe, 101% of GDP. What frugality are you talking about?

[@MsFallenPrime]

@@marcoac-sx6lq debt is good, especially with low interest. Bringing up this subject just proves you're better off not being here.

[@marcoac-sx6lq]

@MsFallenPrime read again both comments and if you still have problems I suggest you to go back to school

[@sdtok527]

​​@@marcoac-sx6lqit's because of mortgages, 83% procent of household debt is mortgages according to CBS, the statistics bureau. Houses are scarce in the Netherlands so many consider it an investment and have had good returns. Based on wealth (assets - debt) NL is still a very rich country per household both with mean and median wealth.

[@com.grenate]

Stop taxing people when you don't have to? Bruh we're being taxed on the money we get back from taxes. People who receiver government benefits have to pay taxes over that. Receiving money from family is taxed, which is already taxed money, also in case of inheritances. Our tax system is ridiculous.

[@kenroylarmond7736]

When you realise that a budget surplus means they should decrease taxes

[@gubruikertje]

This video and its comments prove the stereotypes. The Dutch really are frugal and also like to complain about everything.

[@RogerKeulen]

Yes, they are world record holder in "Complaining". My mom didn't had hot running water or a toilet inside when she grow up. Only the kitchen was heated with wood. 40 years later we complain that we can't find a parking spot for the 2th car or that our cellphone runs out of battery to quickly.

[@a.b3203]

If you think we're frugal, then you should look at the leftist parties like PVDA who think throwing money, that grows on trees, at everything will fix all the problems we're facing. And yes, we like to be critical because we think we can do better.

[@gubruikertje]

@@RogerKeulen While I think we do have some very real problems, we also certainly forget we also have arguably the highest standard of living in the entire history of humanity.

[@MssIAMNOBODYSPECIAL]

​​@@RogerKeulenat least your mother had a house to live in ...

[@TheSegert]

@@RogerKeulen Jij hebt een auto? Onbetaalbaar man.

[@bababababababa6124]

I visited the Netherlands to see friends and family last month, easily the most developed country I have ever visited. Now that I’m back in Nigeria I’m seeing the vast differences 🥲😂

[@Kennelijk]

Nigeria is becoming the richest country in Africa. Europe (and Holland) is declining rapidly. As soon as all the rich country’s have distributed their wealth over the EU, the smaller members will abandon and look elsewhere. This I predict! Nigeria is rumored to became the next Silicon Valley. So just wait a couple of years, and the Dutch will come to Nigeria 😉

[@crocodileguy4319]

​@Kennelijk The same moronic fearmongering about the Eastern European states leaving the EU after reaping its benefits has been heard since the 00s and it is as stupid today as it was then.

[@nekhumonta]

​@@KennelijkEvery country seems to think their money is going to the other countries...

[@AsscherMazzelaar]

@@Kennelijk Nigeria lol Are you having a laugh

[@coconut7490]

😂bro if you go to any developed countries and then go to a 3rd world one, you'll realize why it's called a different "world". Even the worse performing developed one is light years ahead.

[@sergeantmajor_gross]

As a Dutchman I certainly don’t feel that there’s an economic boom. Our inflation is still high

[@shockwave3318]

Is it...? I havent noticed.

Inequality is also growing faster than the economy

[@Mash-NL]

wait. we are?

[@Treinbouwer]

Het zou alleen wel fijn zijn als ik er ook wat van merk. Het buitenzwembad is wegbezuinigd terwijl de prijzen zijn verhoogd, de bieb is verkleind, het medialandschap verschraald, de boodschappen zijn duurder enz. Enz. Dan komen ze van boven nog even zeggen dat mijn cultuur niet deugt. De welvaart gaat vooral naar de rijken.

[@MIA_DaDe]

Meanwhile Britain is around 38K Euros. How far Britain has fallen. Just barely above Malta lol... Sad situation.

[@Alaryk111]

Malta became a tax haven. It will probably be higher than uk this year.

[@MIA_DaDe]

@@Alaryk111 Hey...there's an idea fr Britain? (joking). Thanks for the relevant insight into Maltas change. Ta.

[@davidschaftenaar6530]

Ohh, don't feel too bad; Ordinary Dutch people don't earn 58k per year, not by a long shot. Inequality is quite high in the Netherlands, the vast majority of us are no better off than the people of the UK.

[@peterdevalk7929]

@@davidschaftenaar6530 Go visit the UK you'll see the BIG difference. Poverty rates are 6-7 times higher, and it SHOWES.

[@tommyvercetti9434]

In every "Why _country_ is doing so good economically" you can scroll down to the comment section and see how the invisible numbers only have a possitive effect on the rich. The siuation of the average Joe fueling that economic growth with their labor doesn't get any better. CEOs and suit people will always find an excuse for why everything keeps getting more expensive and why salaries can't be risen.

[@Commander_Australia]

I love this channel man when i first started watching i checked for political bias and seen none in the 2 years ive been watching keep up the goodwork

[@kianlakchi7182]

Theyre decently neutral but obviously a bit more oriented to the political left than right.

[@Commander_Australia]

@@kianlakchi7182 obviously there is always a little bias but compared to any other media new reporters this is the most neutral possible cause everyone always has there preferences.

[@Michiel1972]

The Netherlands is a transit country. We are last to go down, but also last to get out of an economic crash. When production countries start booming again.

[@DeBonosan]

You never speak about Malta's economy, huge outlier in the Med and South Europe. Would be nice for you to cover.

[@TheBooban]

Is that a country? Isn’t all gambling and shady stuff?

[@danielcilia966]

MALTA MENTIONED 🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅RAAAAAAAAAAAA🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹🇲🇹

[@santostv.]

Isn’t just another place to do some tax evasion?

[@marcoac-sx6lq]

Like the Netherlands ​@@santostv.

[@santostv.]

@@marcoac-sx6lq yes, The Netherlands,Luxembourg,Ireland,gibraltar,the uk,Switzerland ect are places where you usually can hide money in Europe or pay lower taxes ,off course economies are more complex than.

[@einzchillen]

Following and really like your contents on all tldr channels. Just a suggestion please edit your sound to be louder so i dont need to turn up my volume beyond 8 and get startled when i switch to other video 😅

[@EllenKlever-c7k]

Dutchy here; the cost of food, housing and gas are out of controle in our country. Big corporations are grifting of of our people, no help for people that can't cope in this moneymadness buissines. The deplorabele state of our government is going on for years now. Extreme right politics and no opportunities for young people to buy or rent a house. Don't let anybody fool you; we are not doing all that great. Not at all.

[@Brintafanaat44]

For shareholders and property owners the Economy is doing great. However everything is costing more while salary pretty much remains the same. The Dutch economy is outperforming in fucking over their working classes. Sadly the people in my country are spineless cowards who prefer to mock protest all the while complaining about these things.

[@JosephSolisAlcaydeAlberici]

Being so frugal during good economic times that the Dutch always have is the key recipe towards having sustained economic growth and development.

[@MijnAfspeellijst1234]

Great video tldr❤

[@NeistH2o]

when I see people pay triple the price at Albert Heijn while judging people going to Lidl… I can understand the GDP figures.

[@Jrv175]

I never understood the love for Albert Heijn

[@Crocalu]

​@@Jrv175they've got better freshly made food and are usually bigger locations with more product variety

[@ronald3836]

In Germany people pay 3x the price at Bio-shops just so they only meet customers who look like them.

[@metalvideos1961]

@@Crocalu lidle literally won prices of having the freshest vegetables and fruit. neither Jumbo or Albert Heijn won any of those prices.

[@davidschaftenaar6530]

​​@@Jrv175 Its the expensive supermarket where people shop solely as a status symbol. When people tell you they love Albert Heijn its not to express an opinion, its to advertise the fact that Albert Heijn 🧐 is where they buy their groceries.

[@valentinakaramazova1007]

This, as well as the similar video about Italy's "boom" is very much proof as to why economic performance metrics don't mean squat for workers. It's only a boom for the bourgeois, while those who actually produce value struggle to make ends meet even though they work at least full-time.

[@Simonb1977]

The Dutch are too spoiled to notice they are very well off. Good education, good healthcare, almost no homelessness… Almost everyone can afford healthy food, heating. The restaurants are full, shops are doing good. Unemployment is very low.

[@Corpomancer]

Dutch government pumps all crisis funds into the market and said, "we're through the worst of it"! Sure.

[@semkjaer3581]

Guess why? Were a tax haven

[@sebastaroth]

The public agency for workers' social security recently released a press release that was saying there are more and more companies that are unable to afford to pay their workers' wages and many are going bankrupt. The economy might be growing, but it's largely due to IT, B2B services, and healthcare that are growing, while every other sector is getting squeezed out of existence.

[@alinc3491]

The growth is quarter on quarter, it is a percentage of growth in comparison to previous year's Q. This means that if in one quarter the growth is 1%, the annual growth is not 4% (unless you have a median growth of 5% in the other 3)

[@Anonymous-sb9rr]

Budget deficit in France: 5.5% Budget deficit in the Netherlands: 1% Retirement age in France: 62 Retirement age in the Netherlands: 67

[@HermanWillems]

Conclusion France should increase retirement age to 67. Macron was right all along.

[@ToshisanMotonaka]

Yeah, because we’re being squeezed by all these high prices.

[@aceankit2009]

I live in the NL and a lot of debate is around the new govt cutting spending on infrastructure and education. With a positive current account, surplus on fiscal deficit and a very low debt to gdp ratio, I don’t understand the logic of even further spending cuts?

[@ArbitraryArbiter]

The economy is doing well, not the people in it

[@MrBurnsExcellent]

Literally everywhere though, tell me one place in the developed or even some of the developing world where this is not happening.

[@RogerKeulen]

What people ? The un-educated people that can't grasp statistics ? Yes, people with no basic math skills are useless in a tech economy. But that's there own fault. You can learn to program for free. It just takes a couple of thousend hours. It's not that difficult, thus there is no reason not to succeed except being leazy.

[@MsFallenPrime]

@@MrBurnsExcellent That's just a feeling, people are doing better than ever. And the more people scream nonsense like that the more will actually believe it.

[@MrBurnsExcellent]

@@MsFallenPrime That feeling doesn't come from thin air ffs

[@MsFallenPrime]

@@MrBurnsExcellent Yeah from your buddies, like a circlejerking. Not sure what you smoke, but poverty at an all-time low.

[@Artificial-Stupidity]

The Netherlands 'boom' is a great example of what happens when leadership wants the country to look great on a spreadsheet, instead of the real world.

[@BenchFox_]

The "economic growth" in the Netherlands is comparable to the one in the UK throughout the 2010s. It's based off austerity and bound to blow up in all of our faces once another economic slowdown takes place.

[@David-bi6lf]

The UK doesn't grow during austerity because the government doesn't invest in anything to grow the economy with the money saved from spending cuts. Infrastructure for example is dire in the UK compared to the Netherlands and what is spent is almost entirely spent in London.

[@BenchFox_]

@@David-bi6lf Fair enough, I just feel the "economic growth" in the Netherlands really doesn't translate for most middle-income people. The Netherlands is also cutting a lot of spending that it would be better off investing. We are absolutely in austerity here.

[@AnarchoMonarchoSchizophrenic]

@@David-bi6lf Infrastructure is dire because regulation prevents anyone from building anything.