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.

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Netherlands GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.10 -0.80 7.50 -8.40 1988 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-26 05:30 AM QoQ Final Q4 -0.1% 7.7% -0.1% -0.1%
2021-05-18 07:30 AM QoQ Flash Q1 -0.5% -0.1% -0.6% -0.4%
2021-06-24 04:30 AM QoQ Final Q1 -0.8% 0.0% -0.5% -0.5%
2021-08-17 07:30 AM QoQ Flash Q2 3.1% -0.8% 1.6% 0.9%
2021-09-23 04:30 AM QoQ Final Q2 -0.8% 3.1% 3.1%
2021-11-16 08:30 AM QoQ Flash Q3 2.6%
2021-12-24 05:30 AM QoQ Final Q3


News Stream
Dutch Q2 GDP Growth Beats Forecasts
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.
2021-08-17
Dutch Q1 Economy Shrinks More than Initially Thought
The Netherlands' economy shrank 0.8 percent on quarter in the three months to March 2021, compared with a preliminary estimate of a 0.5 percent fall and after showing no growth in the previous three-month period. Household consumption dropped 3.5 percent (vs -1.4 percent in Q4) and public spending declined 2.0 percent (vs -0.3 percent in Q4). On the other hand, fixed investment grew by 3.0 percent (vs 3.4 percent in Q4) and net trade contributed positively to the GDP as exports rose more than imports. Year-on-year, the economy contracted by 2.4 percent, following a revised 2.9 percent fall in the previous period and compared with market forecasts of a 2.8 percent decrease.
2021-06-24
Netherlands Enters Double-dip Recession in Q1
The Netherlands' economy shrank by 0.5 percent on quarter in the three months to March 2021, compared with market expectations of a 0.6 percent fall, a preliminary estimate showed. The latest reading followed a 0.1 contraction in the previous three-month period, meaning that the country entered a double-dip recession in the first quarter. Household consumption fell 3.5 percent (vs -1.4 percent in Q4) and public spending decline 1.5 percent (vs -0.4 percent in Q4). On the other hand, fixed investment grew by 3.7 percent (vs 1.7 percent in Q4) and net trade contributed positively to the GDP as exports rose more than imports. Year-on-year, the economy shrank by 2.8 percent, the same pace as in the previous period and compared with market forecasts of a 2.1 percent contraction.
2021-05-18
Dutch Economy Shrinks 0.1% in Q4
The Netherlands' economy shrank 0.1 percent on quarter in the three months to December 2020, following a record 7.7 expansion in the previous three-month period and an unprecedented contraction of 8.4 percent in the second quarter. Household consumption fell 1.4 percent (vs 9.0 percent in Q3) and public spending dropped 0.4 percent (vs 6.9 percent in Q3). On the other hand, fixed investment grew 1.7 percent (vs 7.2 percent in Q3), while external trade contributed positively to the GDP growth, as exports rose more than imports. Year-on-year, the economy shrank 2.8 percent, following a 2.4 percent contraction in the third quarter. Considering 2020 full year, the GDP declined 3.7 percent, after a 1.7 percent expansion in 2019.
2021-03-26

Netherlands GDP Growth Rate
The Netherlands is the sixth-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. Household consumption is the main component of GDP (45 percent) followed by government expenditure (26 percent), gross fixed capital formation (18 percent) and net trade (11 percent).