Macroeconomic scoreboard

Macroeconomic scoreboard

Periods Long-term unemployment,3-yr change,p.p. (%)
2023 3rd quarter* -0.4
Source: CBS.
Explanation of symbols

Dataset is not available.


This table shows the indicators of the macroeconomic scoreboard. Furthermore, some additional indicators are shown. To identify in a timely manner existing and potential imbalances and possible macroeconomic risks within the countries of the European Union in an early stage, the European Commission has drawn up a scoreboard with fourteen indicators. This scoreboard is part of the Macroeconomic Imbalance Procedure (MIP). This table contains quarterly and annual figures for both these fourteen indicators and nine additional indicators for the Netherlands.

The fourteen indicators in the macroeconomic scoreboard are:
- Current account balance as % of GDP, 3 year moving average
- Net international investment position, % of GDP
- Real effective exchange rate, % change on three years previously
- Share of world exports, % change on five years previously
- Nominal unit labour costs, % change on three years previously
- Deflated house prices, % change on one year previously
- Private sector credit flow as % of GDP
- Private sector debt as % of GDP
- Government debt as % of GDP
- Unemployment rate, three year moving average
- Total financial sector liabilities, % change on one year previously
- Activity rate, % of total population aged 15-64, change in percentage points on three years previously
- Long-term unemployment rate, % of active population aged 15-74, change in percentage points on three years previously
- Youth unemployment rate, % of active population aged 15-24, change in percentage points on three years previously

The additional indicators are:
- Real effective exchange rate, index
- Share of world exports, %
- Nominal unit labour costs, index
- Households credit flow as % of GDP
- Non-financial corporations credit flow as % of GDP
- Household debt as % of GDP
- Non-financial corporations debt as % of GDP
- Activity rate, % of total population aged 15-64
- Youth unemployment rate, % of active population aged 15-24

Data available from: first quarter of 2006.

Status of the figures:
Annual and quarterly data are provisional.

Changes as of 10 January 2024:
The figures for every indicator have been added for the third quarter of 2023.
Furthermore, some indicator figures have been adjusted due to updated source data.

When will new figures be published?
New data are published within 120 days after the end of each quarter. The first quarter may be revised in October, the second quarter in January. Quarterly data for the previous three quarters are adjusted along when the fourth quarter figures are published in April. This corresponds with the first estimate of the annual data for the previous year. The annual and quarterly data for the last three years are revised together with the publication of the first quarter in July.

Description topics

Long-term unemployment,3-yr change,p.p.
Long-term unemployment, 3-years change, percentage points.

This indicator shows the change in the long-term unemployment rate expressed in percentage points compared to three years previously. The long-term unemployment rate is defined as the percentage of the active population which is unemployed and has looked for work for a year or more. The active population is the sum of the number of employed and the number of unemployed people. A person is considered employed if he or is paid for at least one hour of work per week. A person is considered unemployed if he or she does not work, but is actively looking for work and available.
Sources:
Data are compiled by Eurostat, using Statistics Netherlands's underlying data from the Labour Force Survey.

Calculation of the indicator:
The long-term unemployment rate is the number of long-term unemployed people as a percentage of the total active population. Subsequently, the change on three years previously expressed in percentage points of either the four-quarter moving average or the annual figure is published.

Interpretation of the indicator:
The long-term unemployment rate shows how large the group of people is which has not been able to find work for a long time. A high long-term unemployment rate indicates that there are substantial persistent mismatches on the labour market. An increase in long-term unemployment indicates that these mismatches are getting more substantial.

Upper and lower limits:
The European Commission has set an upper limit (+0.5 percentage points).