Netherlands GDP Growth Rate  1988-2017 | Data | Chart | Calendar

The Dutch economy advanced 0.4 percent on quarter in the first three months of 2017, following a 0.6 percent expansion in the previous period and matching the preliminary estimate. It was the weakest growth rate since the last quarter of 2015 as household consumption rose at a slower pace (0.1 percent from 0.5 percent in Q4 2016) while fixed investment rebounded (4.6 percent from -1.7 percent in Q4). Also, changes in inventories added 0.2 percentage points to growth (0.3 p.p. in Q4). By contrast, government spending contracted 0.3 percent, after increasing by 0.4 percent in Q4, and net external demand contributed negatively, as imports jumped 2 percent (0.6 percent in Q4) while exports went up at a slower 1.4 percent (1.1 percent in Q4). Year-on-year, the economy grew 3.2 percent, slower than a preliminary estimate of 3.4 percent. GDP Growth Rate in Netherlands averaged 0.54 percent from 1988 until 2017, reaching an all time high of 1.70 percent in the first quarter of 1999 and a record low of -3.20 percent in the first quarter of 2009.

Netherlands GDP Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-24 05:30 AM Q4 0.6% 0.8% 0.5% 0.5%
2017-05-16 07:30 AM Q1 0.4% 0.6% 0.5% 0.5%
2017-06-23 04:30 AM Q1 0.4% 0.6% 0.4% 0.4%
2017-08-16 07:30 AM Q2 0.4% 0.4%
2017-09-22 04:30 AM Q2 0.4% 0.4%
2017-11-14 08:30 AM Q3 0.5%




Dutch Q1 GDP Growth Confirmed At 0.4%


The Dutch economy advanced 0.4 percent on quarter in the first three months of 2017, following a 0.6 percent expansion in the previous period and matching the preliminary estimate. It was the weakest growth rate since the last quarter of 2015 as household consumption rose at a slower pace and government spending contracted while fixed investment rebounded sharply.

The economy posted its twelfth consecutive quarter of growth, despite being the weakest in over a year. Household consumption rose at a slower pace (0.1 percent from 0.5 percent in Q4 2016) while fixed investment rebounded (4.6 percent from -1.7 percent in Q4). Also, changes in inventories added 0.2 percentage points to growth (0.3 p.p. in Q4). By contrast, government spending contracted 0.3 percent, after increasing by 0.4 percent in Q4, and net external demand contributed negatively, as imports jumped 2 percent (0.6 percent in Q4) while exports went up at a slower 1.4 percent (1.1 percent in Q4).

Year-on-year, the gross domestic product grew 3.2 percent, slower than a flash estimate of 3.4 percent and following a downwardly revised 2.4 percent expansion in the previous period. It was the highest annual growth rate since the first quarter of 2008, mainly boosted by a 8.3 percent jump in business investment (-1.5 percent in Q4), namely in software, machinery and telecommunication equipment. Meanwhile, private consumption rose at a slower 1.7 percent (2.3 percent in Q4) and government spending went up 1.1 percent (1.6 percent in Q4). Also, net external demand contributed positively, as exports rose 5.5 percent (2.6 percent in Q4) while imports increased at a slower 5.3 percent (0.9 percent in Q4). By contrast, government investment shrank 1.9 percent (1.2 percent in Q4).

Statistics Netherlands | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/23/2017 9:54:04 AM



Netherlands GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.60 1.70 -3.20 percent [+]
GDP Annual Growth Rate 3.20 2.40 6.10 -4.90 percent [+]
GDP 750.28 879.64 936.23 12.28 USD Billion [+]
GDP Constant Prices 168902.00 174571.00 174571.00 79959.50 EUR Million [+]
Gross National Product 169916.02 170765.29 173843.60 76625.00 EUR Million [+]
Gross Fixed Capital Formation 36411.00 34088.00 37064.00 15537.00 EUR Million [+]
GDP per capita 51268.47 50500.24 52121.20 16189.51 USD [+]
GDP per capita PPP 46353.85 45668.44 47134.30 32090.21 USD [+]
GDP From Agriculture 2600.00 3302.00 3302.00 1889.00 EUR Million [+]
GDP From Construction 9143.00 7991.00 9923.00 5717.00 EUR Million [+]
GDP From Manufacturing 18541.00 18338.00 18817.00 12626.00 EUR Million [+]
GDP From Mining 3710.00 3614.00 8463.00 1573.00 EUR Million [+]
GDP From Public Administration 10230.00 11093.00 11769.00 9212.00 EUR Million [+]
GDP From Services 29743.55 32902.27 32902.27 17494.00 EUR Million [+]
GDP From Transport 7273.00 7536.00 7660.00 4317.00 EUR Million [+]
GDP From Utilities 1027.00 1021.00 1056.00 542.00 EUR Million [+]


Netherlands GDP Growth Rate Notes

The Netherlands is the fifth-largest economy in the Euro Zone and important transportation hub in Europe. The Dutch economy depends heavily on foreign trade, with exports accounting for 83 percent of GDP and imports for 72 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 45 percent of its total use, followed by government expenditure (26 percent), gross fixed capital formation (18 percent) and net trade (11 percent). This page provides - Netherlands GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.60 1.70 -3.20 1988 - 2017 percent Quarterly



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15