The Dutch quarterly economic growth was revised lower to 0.4 percent in the second quarter of 2019 from a preliminary estimate of 0.5 percent. Household consumption and net foreign demand were the main drivers of the expansion, while fixed investment rose at a softer pace. GDP Growth Rate in Netherlands averaged 0.54 percent from 1988 until 2019, 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.

GDP Growth Rate in Netherlands is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Netherlands to stand at 0.40 in 12 months time. In the long-term, the Netherlands GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.

Netherlands GDP Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-05-14 07:30 AM GDP Growth Rate QoQ Flash Q1 0.5% 0.5% 0.4% 0.4%
2019-06-24 04:30 AM GDP Growth Rate QoQ Final Q1 0.5% 0.5% 0.5% 0.5%
2019-08-14 07:30 AM GDP Growth Rate QoQ Flash Q2 0.5% 0.5% 0.3% 0.5%
2019-09-23 04:30 AM GDP Growth Rate QoQ Final Q2 0.4% 0.4% 0.5% 0.5%
2019-11-14 08:30 AM GDP Growth Rate QoQ Flash Q3 0.4% 0.4%
2019-12-24 05:30 AM GDP Growth Rate QoQ Final Q3 0.4% 0.4%



Dutch Q2 GDP Growth Revised Down to 0.4%

The Dutch quarterly economic growth was revised lower to 0.4 percent in the second quarter of 2019 from a preliminary estimate of 0.5 percent. Household consumption and net foreign demand were the main drivers of the expansion, while fixed investment rose at a softer pace.

Household consumption advanced 0.8 percent in the second quarter (vs 0.2 percent in Q1); and net external demand contributed positively to the GDP growth, as exports rose 1.2 percent (vs 0.6 percent in Q1) and imports increased at a softer 1.0 percent (vs 1.7 percent in Q1). Meanwhile, fixed investment expanded at a softer 1.2 percent (vs 2.7 percent in Q1) and government spending went up by just 0.1 percent (vs 0.4 percent in Q1).

Year-on-year, the economy expanded 1.8 percent, compared to a preliminary estimate of 2.0 percent and the previous period's 1.7 percent. The expansion was mainly driven by fixed investment (5.1 percent vs 5.0 percent in Q1) and household consumption (1.8 percent vs 0.7 percent) while government spending growth weakened (1.0 percent vs 1.3 percent). On the other hand, net foreign demand contributed negatively to the GDP growth, as exports advanced 2.8 percent (vs 1.3 percent in Q1) while imports increased at a faster 2.9 percent (vs 2.2 percent in Q1).


Statistics Netherlands | Chusnul Ch Manan | chusnul@tradingeconomics.com
9/23/2019 2:31:06 PM



Netherlands GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.40 1.70 -3.60 percent [+]
GDP Annual Growth Rate 1.80 1.70 6.10 -4.60 percent [+]
GDP 912.87 830.57 948.00 12.28 USD Billion [+]
GDP Constant Prices 189297.80 188324.30 189297.80 79959.50 EUR Million [+]
Gross National Product 181014.04 178073.28 189907.30 76625.00 EUR Million [+]
Gross Fixed Capital Formation 40294.00 39776.00 62106.00 15537.00 EUR Million [+]
GDP per capita 55041.10 53920.00 55041.10 16188.54 USD [+]
GDP per capita PPP 49803.50 48789.10 49803.50 32305.20 USD [+]
GDP From Agriculture 2544.00 3071.00 3343.00 1860.00 EUR Million [+]
GDP From Construction 9489.46 9178.06 9489.46 5063.90 EUR Million [+]
GDP From Manufacturing 21513.00 20725.00 22087.00 12921.00 EUR Million [+]
GDP From Mining 1809.33 2164.17 8408.57 1809.33 EUR Million [+]
GDP From Public Administration 12286.00 10652.00 12358.00 9245.00 EUR Million [+]
GDP From Services 36125.22 33589.83 36125.22 18598.14 EUR Million [+]
GDP From Transport 8303.00 7862.00 8303.00 4698.00 EUR Million [+]
GDP From Utilities 1121.00 1032.00 1170.00 506.00 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 1.70 -3.60 1988 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Singapore 0.60 Sep/19
Australia 0.50 Jun/19
Brazil 0.40 Jun/19
Netherlands 0.40 Jun/19
Spain 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Russia 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19


Related

Latest