INTERNATIONAL VIEW ON DUTCH ECONOMY

Mr. Yves LETERMEOECD Deputy Secretary General

The Hague, 28 January 2013

Structure of the presentation

• The Dutch economy in the world• Fiscal consolidation• Business sector• Labour market• Education• Health care

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The Dutch economy in the world

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The Dutch economy in the world

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The Dutch economy in the world

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De top tien van de meest open economieën

1. Hong Kong2. Singapore3. Ireland4. België5. Zwitserland6.Nederland7. Zweden8. Denemarken9. Hongarije10.Verenigd Koninkrijk

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Bron : Ernst & Young - January, 2013

The Dutch economy in the world

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Structure of the presentation

• The Dutch economy in the world• Fiscal consolidation• Business sector• Labour market• Education• Health care

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Fiscal consolidation

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Fiscal consolidation

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Fiscal consolidation

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Structure of the presentation

• The Dutch economy in the world• Fiscal consolidation• Business sector• Labour market• Education• Health care

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Business sector

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Business sector

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Business sector

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Business sector

Exports to BRIC countries(% of total exports)

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Business sector

Private R&D spending(% of GDP)

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Business sector

Science and engineering graduates

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Business sector

Fast growing (innovative SME) enterprises

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Business sector

Entry regulation

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Business sector

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Source: OECD (2011), Entrepreneurship at a Glance.

Structure of the presentation

• The Dutch economy in the world• Fiscal consolidation• Business sector• Labour market• Education• Health care

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Labour market

Labour productivity annual growth1990-2010

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Labour market

Unit labour costs

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Labour market

Labour mobility

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Labour market

Share of women working part time

Average annual hours worked per employee

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Labour market

Average retirement age

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Labour market

Ageing costs

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Structure of the presentation

• The Dutch economy in the world• Fiscal consolidation• Business sector• Labour market• Education• Health care

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What students know and can do: Student performance in reading,

mathematics and science

What students know and can do :student performance in reading, mathematics and science

Overallreading

scale

Access &

retrieve

Integrate &

interpret

Reflect &

evaluate

Continuous texts

Non-continuou

s texts

Maths scale

Science scale

OECD AVERAGE

493 495 493 494 494 493 496 501

Shanghai 556 549 558 557 564 539 600 575Korea 539 542 541 542 538 542 546 538Finland 536 532 538 536 535 535 541 554Hong-Kong 533 530 530 540 538 522 555 549Singapore 526 526 525 529 522 539 562 542Canada 524 517 522 535 524 527 527 529New Zealand

521 521 517 531 518 532 519 532

Japan 520 530 520 521 520 518 529 539 Australia 515 513 513 523 513 524 514 527Netherlands

508 519 504 510 506 514 526 522

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Source: OECD PISA 2009

What students know and can do: Student performance in reading,

mathematics and science

EducationOveral

l reading scale

Access &

retrieve

Integrate &

interpret

Reflect &

evaluate

Continuous

texts

Non-continuou

s texts

Maths scale

Science scale

OECD AVERAGE

493 495 493 494 494 493 496 501

Belgium 506 513 504 505 504 511 515 507Norway 503 512 502 505 505 498 498 500Estonia 501 503 500 503 497 512 512 528Switzerland 501 505 502 497 498 505 534 517Poland 500 500 503 498 502 496 495 508Iceland 500 507 503 496 501 499 507 496UnitedStates

500 492 495 512 500 503 487 502

Liechtenstein 499 508 498 498 495 506 536 520Sweden 497 505 494 502 499 498 494 495Germany 497 501 501 491 496 497 513 520

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Source : OECD PISA 2009

Structure of the presentation

• The Dutch economy in the world• Fiscal consolidation• Business sector• Labour market• Education• Health care

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Health care

Health spending

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Health care

  GPs Specialists

Salaried Self-employed Salaried Self-employed

Australia (2008) 1.7 4.3

Austria (2007) 2.7 4.4

Canada (2008) 3.1 4.7

Czech Republic (2008) 1.8 3.3

Denmark1 2.8 4.0

Estonia 1.7 2.1

1.8 2.6

France(2008) 2 2.1 3.2

Germany (2007) 3.7 5.0

Greece 2.8

Hungary3 1.4 1.6

Iceland4 3.0 2.8

Ireland5 3.5 4.5

Italy 2.6

Mexico 3.5 4.6

Netherlands (2007) 1.7 3.5 2.9 5.5

New Zealand

Norway 1.8

Slovak Republic 1.9

Slovenia 2.5 2.8

Spain 1.9

Turkey 2.0 3.8

United Kingdom (2008/2009) 6 1.9 3.6 2.6

Remuneration, as ratio to average wage in each country 2009, or latest year available

1. Data for self-employed specialists is for 2008.2. Remuneration is net income rather than gross income resulting for an underestimation.3. Data on salaried doctors relate only to public sector employees who tend to receive lower remuneration than those working in the private sector.4. Many specialists working in hospitals also earn incomes from private practices which are not included.5. Data for self-employed GPs include practice expenses resulting in an over-estimation.6. Remuneration of GPs is for 2008.Source: OECD (2011), Health at a Glance 2011.

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10 Global Trends

1. Population 5 .7.92. Shifting power3. 70 pct urbanisation/decoupling4. Ageing and greening 27/37/475. Rising purchasing power – increase number of

middle incomes6. Food 60-10-50 (220-800- ?)7. Health – NCD8. Sustainable mobility – logistics9. Natural resources – Energy – Water10. Climate Change

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10 Nederlandse troeven1. De mensen (opleiding, arbeidsethos, consensus,

…)2. Hervormingsgezind, ruimte voor verbetering3. Volatiliteit en flexibiliteit4. Ligging5. Open, intenationaal, geglobaliseerd6. Governance7. Het merk8. Sterke, toekomstgerichte sectoren9. Het veelsoortige weefsel van bedrijven /

beslissingscentra10. De zwaktes

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THANK YOU FOR

YOUR ATTENTION

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www.oecd.org