The Netherlands' economy expanded by 3.1 percent on quarter in the three months to June 2021, recovering a 0.8 percent contraction in the previous period and easily beating market expectations of 1.6 percent growth, as activity and demand rebounded following the easing of coronavirus restrictions. Household consumption surged 5.7 percent (-3.5 percent in Q1) and public spending advanced 2.6 percent (vs -2.0 percent in Q1). In addition, net trade contributed positively to the GDP as exports jumped 4.0 percent and imports rose at a slower 2.6 percent. Fixed investment, however, contracted 1.8 percent, following a 3.0 percent expansion in the first quarter. On a yearly basis, the GDP grew by 9.7 percent in the second quarter, the most on record, reflecting a low base year and the reopening of the economy. source: Statistics Netherlands
GDP Growth Rate in Netherlands averaged 0.51 percent from 1988 until 2021, reaching an all time high of 7.50 percent in the third quarter of 2020 and a record low of -8.40 percent in the second quarter of 2020. This page provides - Netherlands GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
GDP Growth Rate in Netherlands is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.