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. source: Statistics Netherlands

GDP Growth Rate in Netherlands averaged 0.50 percent from 1988 until 2020, reaching an all time high of 7.80 percent in the third quarter of 2020 and a record low of -8.50 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 April of 2021.

GDP Growth Rate in Netherlands is expected to be -1.00 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 0.80 in 12 months time. 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
-0.10 7.70 7.70 -8.40 1988 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-13 08:30 AM QoQ Flash Q3 7.7% -8.5% 7% 6.8%
2020-12-24 05:30 AM QoQ Final Q3 7.8% -8.5% 7.7% 7.7%
2021-02-16 08:30 AM QoQ Flash Q4 -0.1% 7.8% 0.2% -1.2%
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 -0.1% -1%
2021-06-24 04:30 AM QoQ Final Q1 -0.1%
2021-08-17 07:30 AM QoQ Flash Q2 1.5%
2021-09-23 04:30 AM QoQ Final Q2


News Stream
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
Dutch Economy Unexpectedly Contracts in Q4
The Netherlands' economy shrank by 0.1 percent on quarter in the three months to December 2020, missing market expectations of a 0.2 percent expansion, a preliminary estimate showed. The latest reading followed a record 7.8 expansion in the previous three-month period and an unprecedented contraction of 8.5 percent in the second quarter. Household consumption was the main driver of contraction, falling 1.4 percent (vs 8.9 percent in Q3), while other negative contributions came from both public spending (-0.1 percent vs 7.2 percent) and net trade, as imports rose more than exports. On the other hand, fixed investment grew by 1.8 percent (vs 7.2 percent in Q3). Year-on-year, the economy shrank by 2.9 percent, following a 2.5 percent contraction in the third quarter.
2021-02-16
Dutch Q3 GDP Growth Rate Revised Up to 7.8%
The Netherlands economy grew by a record 7.8 percent on quarter in the three months to September 2020, faster than an initially estimates of a 7.7 percent growth, partially recovering from an unprecedented contraction of 8.5 percent in the previous period and beating market expectations of a 7.7 percent expansion. Household consumption was the main driver of growth, rising 8.9 percent (-11.3 percent in Q2), while other positive contributions came from public spending (7.2 percent vs -3.1 percent) and investment (7.2 vs -11.3 percent). Also, net external demand contributed positively to the GDP growth, as exports rose by 8.3 percent (vs -10.3 percent in Q2), while imports increased at a softer 6.7 percent (vs -9.5 percent in Q2). Year-on-year, the economy shrank 2.5 percent, easing from a record 9.4 percent contraction in the second quarter.
2020-12-24
Dutch Economy Grows by Record 7.7% in Q3
The Netherlands economy grew by a record 7.7 percent on quarter in the three months to September 2020, partially recovering from an unprecedented contraction of 8.5 percent in the previous period and beating market expectations of a 7.0 percent expansion, a preliminary estimate showed. Household consumption was the main driver of growth, rising 9.4 percent, while other positive contributions came from public spending (6.3 percent), exports (8.6 percent) and investment (6.3 percent). Year-on-year, the economy shrank 2.5 percent, easing from a record 9.4 percent contraction in the second quarter.
2020-11-13

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).