What do the numbers show?
The ‘Amsterdam economy’ is set to grow by 2.8% this year and with 2.3% in 2020. There is a major decline in growth compared to 2018, where it was at 3.4%. The reasons cited for this decline is the “weak international economic situation and increasing shortages in the labor market”, reports NU.nl. Although the growth is slowing down a little because of the “tight labor market”, it still remains promising.
However, the region will still remain as one of the fastest growing economies in Europe, including Prague and Warsaw. It has been growing fast since 2013, as compared to the national average, and the average of other comparable regions in Europe.
More jobs coming to Amsterdam
There are going to be at least 57,000 new jobs that are going to be added. This job growth can be owed to the booming IT Sector, hospitality, healthcare, tourism (of course), and business services.
Alderman Udo Kock of Economic Affairs does not see the “limits of growth” yet, and dubs the area as a “strong job engine”. Unemployment will be decreasing from 4% to 3.8% this year and might go back to 4% in 2020.
New buildings will continue to be developed in the Dutch capital, if you’re into that then we highly recommend this DutchReview video about it:
Are you looking for a job in Amsterdam? Make sure you’re well prepared with a CV and did your research for the interview! It’ll still be hard, but will be worth it in the end! What are your experiences with the job market in Amsterdam? Let us know in the comments below!