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CBS: Limburg is experiencing major economic contraction due to corona | 1Limburg

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The economy in Limburg shrank by 4 percent in 2020 compared to a year earlier.

This is evident from new figures from the Central Bureau of Statistics (CBS), which LocalFocus listed.

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Biggest contraction ever
Only the provinces of Noord-Holland and Groningen were hit harder by the corona crisis, with a contraction of 7 and 5 percent. In the Netherlands as a whole, the economy shrank by 3.8 percent, the statistical office has already calculated. That is the largest contraction that Statistics Netherlands has ever measured.

However, this comes as no surprise. Article link

The shrinkage is mainly caused by the impact of the corona measures on the hospitality industry, travel mediation and the cultural sector. Article link

The economic blow hit particularly hard in North and South Limburg. Here the economy shrank by 4 percent. In Central Limburg that number was 3 percent.

Flevoland positive outlier
North Holland was mainly affected by much less air traffic at Schiphol and less tourism. Article link

The decrease in Groningen was mainly due to the reduced gas extraction and thus less corona-related. In most provinces the contraction was around 3 percent. Flevoland was a positive outlier with a contraction of approximately 2 percent. Well-performing lease companies in particular had an effect on this, but severely affected sectors such as catering and tourism in Flevoland also have a smaller share in the economy of the youngest province in the Netherlands.

Haarlemmermeer hit hard
At a regional level, Haarlemmermeer, where Schiphol is located, was hit hard with a shrinkage of about 18 percent. Amsterdam, where a lot of tourism was lost, also did poorly with a contraction of about 7 percent. Article link

The region around Delfzijl only shrank by 1 percent and thus performed the best in the Netherlands.

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