Capital Flows Atlas

Countries · Europe

Netherlands

Much of the direct investment recorded in the Netherlands passes through holding companies with little activity there, so the figures swing sharply.

At a glance

Population, 202518.1m
GDP, 2025$1.33tn$73,684 per person
Real GDP growth, 2025+1.8%Inflation: 3.2%
Current account, 2025+7.6% of GDP+$101.0bn
Reserves incl. gold, 2025$118.1bn

Net inflows of foreign direct investment were $4.02bn in 2025, against an average of −$27.9bn a year in 2015–2024. Investors based in Netherlands put a net $121.4bn into direct investment abroad in the same year, more than Netherlands received. Foreign investors were net buyers of $3.54bn of shares in Netherlands in 2025. Netherlands ran a current account surplus in every year shown, which means it was a net lender to the rest of the world. Investors in Netherlands held $58.1bn of US Treasury securities at the end of August 2026, −$21.8bn on a year earlier, and $506.5bn of US shares.

Dutch pension funds are among the largest in the world and invest a large share of their assets abroad. The Netherlands also runs a large current account surplus.

Netherlands's holdings of US securities

Treasuries, shares and bonds issued in the US and held by investors in Netherlands.

US Treasuries held, Aug 2026$58.1bn−$21.8bn on Aug 2025 · rank 30 of 76
US shares held, Aug 2026$506.5bn+$35.3bn on Aug 2025 · rank 14 of 76
All long-term US securities held, Aug 2026$659.5bnCorporate bonds: $90.0bn · agency bonds: $6.60bn
Net purchases, 12 months to Aug 2026−$41.4bn sharesTreasuries: −$16.2bn · corporate bonds: +$10.3bn

Holdings of US securities

End of month, Aug 2025 to Aug 2026, $bn.

Net purchases of long-term US securities

Each month, $bn. Positive means net buying.

The US Treasury records holdings by the country where securities are held in custody, which is not always the owner's country. Why this matters.

Direct and equity investment

Annual net flows, $bn. Direct investment means building or buying businesses; portfolio equity means buying listed shares and fund units.

Net flows by year

Direct investment into and out of Netherlands, and foreign buying of its shares, $bn.

Current account and reserves

The balance of trade and income with the rest of the world, and the reserves held by the central bank.

Current account balance

Each year, $bn. A surplus means the country lends to the rest of the world.

Foreign exchange reserves, including gold

End of year, $bn.

Remittances

Money sent home by people working abroad, compared with direct investment, $bn.

Remittances and direct investment

Each year, $bn.

The economy

GDP

Current US dollars, $bn. Dollar figures also move with exchange rates.

Growth and inflation

Real GDP growth and consumer price inflation, per cent.

Euro area portfolio flows

Netherlands is part of the euro area, whose combined figures the ECB publishes monthly, €bn.

Monthly net purchases, last 24 months

Shares and bonds combined, €bn.

The euro in global reserves

Share of central banks' allocated reserves held in euro, per cent.

Euro share of global reserves

Per cent, quarterly.

All figures

Annual figures from the World Bank, as published. Download them for every country on the data page.

Indicator20152016201720182019202020212022202320242025
Population (m)16.9417.0317.1317.2317.3417.4417.5317.7017.8817.9918.09
GDP ($bn)775.7797.2848.2929.7928.9932.61,054.51,046.51,135.51,213.91,332.8
GDP per person ($)45,79446,80949,51453,95553,55553,46860,14259,12363,51667,46573,684
Real GDP growth (%)2.12.42.82.32.3−3.96.35.0−0.61.11.8
Inflation (%)0.60.31.41.72.61.32.710.03.83.33.2
Current account ($bn)38.0957.3768.8382.8163.8153.16109.7773.91109.4793.71101.05
Current account (% GDP)4.97.28.18.96.95.710.47.19.67.77.6
Reserves incl. gold ($bn)38.235.938.438.443.354.064.563.469.879.1118.1
Direct investment in ($bn)375.97277.98201.71−338.39−127.16−220.07−117.7617.48−343.52−5.744.02
Direct investment out ($bn)406.83388.08212.56−322.25−121.80−242.8866.13171.06−363.01−19.28121.38
Portfolio equity in ($bn)80.0744.5836.84−51.4515.78−83.37124.58−1.94−21.65−10.483.54
Remittances ($bn)3.283.213.423.723.673.623.963.814.324.685.22

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