Looking at the local economy

On 24 November, the latest facts and figures about the local economy were shared in a livestream presentation from the Metropolitan Region Amsterdam (MRA). Special attention was paid to the effects of coronavirus (COVID-19). The organisation said Amsterdam’s economy is expected to shrink by up to 7%, though the outlook for a strong recovery remains positive.

During the presentation, the MRA announced that foreign migration increased from 2012 to 2019, reflecting the region’s attractiveness while exposing skill shortages in some sectors. International migration has supplied the Amsterdam Area with talent despite an overall aging workforce.

Presently, the full impact of COVID-19 on foreign migration to the Amsterdam Area remains unknown. The appeal of urban living might decrease due to a potential greater risk of infection in congested areas. However, the Netherlands may also remain a leading destination due to its high standards in healthcare and education, along with the excellent living environment, which includes much greenspace. 

The full report from the MRA (in Dutch) is available online.