Netherlands GDP Growth Rate  1988-2018 | Data | Chart | Calendar

The Dutch economy grew by 0.8 percent on quarter in the three months to June 2018, following a 0.6 percent expansion in the previous period and beating market expectations of 0.7 percent, and above the preliminary estimates of 0.7 percent growth. Growth was mainly driven by foreign trade and investments. GDP Growth Rate in Netherlands averaged 0.55 percent from 1988 until 2018, reaching an all time high of 1.70 percent in the first quarter of 1999 and a record low of -3.60 percent in the first quarter of 2009.

Netherlands GDP Growth Rate
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Dutch GDP Growth Revised Higher to 0.8% in Q2


The Dutch economy advanced by 0.8 percent on quarter in the three months to June 2018, above the preliminary estimate of 0.7 percent and following a 0.6 percent expansion in the previous period.

Net external demand was the main driver of growth, as exports jumped 1.3 percent in the second quarter (vs -0.5 percent in Q1) and imports increased at a slower 0.3 percent (vs 0.4 percent in Q1). Also, fixed investment advanced 1.1 percent (vs 2.6 percent in Q1) and household consumption grew 0.3 percent (vs 1.4 percent in Q1). Government spending rose 0.1 percent (vs 0.4 percent in Q1), while changes in inventories had no contribution to growth (vs 0.5 percentage points in Q1).
 
Year-on-year, the Dutch economy grew by 3.1 percent year-on-year in the second quarter, above the preliminary estimate of 2.9 percent and following a 2.8 percent expansion in the previous period. It was the strongest growth rate since the second quarter of 2008, mainly driven by exports (3.5 percent vs 2.5 percent in Q1). Also, increases were seen in fixed investment (5.9 percent vs 6.3 percent), household expenditure (2.6 percent vs 3.6 percent) and public spending increased (1.1 percent vs 1.3 percent). Additionally, inventory changes contributed 0.7 percentage points to the GDP growth (vs -1 percentage point in Q1).


Statistics Netherlands | Chusnul Ch Manan | chusnul@tradingeconomics.com
9/21/2018 9:59:16 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-22 04:30 AM GDP Growth Rate QoQ Final 0.6% 0.9% 0.5% 0.5%
2018-08-14 07:30 AM GDP Growth Rate QoQ Flash 0.7% 0.6% 0.5% 0.6%
2018-09-21 04:30 AM GDP Growth Rate QoQ Final 0.8% 0.6% 0.7% 0.7%
2018-11-14 08:30 AM GDP Growth Rate QoQ Flash 0.8% 0.5%
2018-12-24 05:30 AM GDP Growth Rate QoQ Final 0.8%


Netherlands GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.60 1.70 -3.60 percent [+]
GDP Annual Growth Rate 3.10 2.80 6.10 -4.60 percent [+]
GDP 826.20 777.23 936.23 12.28 USD Billion [+]
GDP Constant Prices 186274.50 184759.70 186274.50 79959.50 EUR Million [+]
Gross National Product 180625.43 176561.92 183097.71 76625.00 EUR Million [+]
Gross Fixed Capital Formation 39425.00 38980.00 62141.00 15537.00 EUR Million [+]
GDP per capita 53597.83 52267.73 53597.83 16188.54 USD [+]
GDP per capita PPP 48472.54 47269.63 48472.54 32090.21 USD [+]
GDP From Agriculture 2451.00 3205.00 3346.00 1860.00 EUR Million [+]
GDP From Construction 8797.09 8202.82 8845.35 5063.90 EUR Million [+]
GDP From Manufacturing 20931.00 19991.00 21003.00 12921.00 EUR Million [+]
GDP From Mining 2138.14 2303.82 8408.57 2138.14 EUR Million [+]
GDP From Public Administration 12100.00 10554.00 12137.00 9245.00 EUR Million [+]
GDP From Services 35535.93 33089.34 35535.93 18598.14 EUR Million [+]
GDP From Transport 8149.00 7633.00 8149.00 4698.00 EUR Million [+]
GDP From Utilities 1077.00 1008.00 1133.00 506.00 EUR Million [+]


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). . 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.60 1.70 -3.60 1988 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Singapore 4.70 Sep/18
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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