Netherlands GDP Growth Rate  1988-2017 | Data | Chart | Calendar

The Dutch economy advanced 1.5 percent on quarter in the second three months of 2017, following a 0.6 percent expansion in the previous period and matching with preliminary estimates, final figures showed. It was the strongest growth rate since the last quarter of 2007 as household consumption rose at a faster pace (0.8 percent from 0.2 percent in Q1 2017) while fixed investment went up (0.8 percent from 4.5 percent in Q1). Also, changes in inventories added 0.3 percentage points to growth (0.2 p.p. in Q1). Meanwhile, government spending rebounded 0.8 percent (-0.1 percent in Q1), and net external demand contributed positively, as exports went up at a faster 1.8 percent (1.6 percent in Q1) while imports increased 1.2 percent (2 percent in Q1). Year-on-year, the economy grew 3.3 percent, and in line with preliminary estimates. GDP Growth Rate in Netherlands averaged 0.55 percent from 1988 until 2017, reaching an all time high of 1.70 percent in the first quarter of 1999 and a record low of -3.20 percent in the first quarter of 2009.

Netherlands GDP Growth Rate
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Netherlands GDP Growth at Near 10-Year High in Q2


The Dutch economy advanced 1.5 percent on quarter in the second quarter of 2017, following an upwardly revised 0.6 percent rise in the previous period and beating market expectations of 0.6 percent. It is the strongest growth rate since the last three months of 2007, mainly boosted by higher household spending and exports, preliminary estimates showed.

Household spending went up at a faster 0.9 percent (0.2 percent in the previous period) and government consumption rebounded (0.7 percent compared to -0.1 percent in the previous period) while gross fixed capital formation slowed (0.8 percent compared to 4.5 percent). Exports jumped 1.8 percent (1.6 percent in the previous period) and imports went up 1.2 percent (2 percent in the previous period). 

Year-on-year, the economy expanded 3.3 percent in the second quarter of the year, above 3.2 percent in the previous period and beating forecasts of 2.3 percent. It is also the highest expansion since the last quarter of 2007. Household spending rose faster (2.5 percent compared to 1.7 percent in the previous period), mainly due to spending on clothing, electrical appliances, home design, food, beverages and tobacco and catering services. On the other hand, slower growth rates were recorded for government consumption (1 percent compared to 1.1 percent) and investment (4.1 percent compared to 6.6 percent). Exports went up 4.5 percent (5.5 percent in the previous period), mainly boosted by sales of chemicals, machinery and equipment. Imports rose at a slower 3.7 percent (5.3 percent in the previous period).

Statistics Netherlands | Joana Taborda | joana.taborda@tradingeconomics.com
8/16/2017 8:55:48 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-23 04:30 AM GDP Growth Rate QoQ Final 0.4% 0.6% 0.4% 0.4%
2017-08-16 07:30 AM GDP Growth Rate QoQ Flash 1.5% 0.6% 0.6% 0.5%
2017-09-22 04:30 AM GDP Growth Rate QoQ Final 1.5% 0.6% 1.5% 1.5%
2017-11-14 08:30 AM GDP Growth Rate QoQ Flash 0.5%
2017-12-22 05:30 AM GDP Growth Rate QoQ Final 0.5%


Netherlands GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.50 0.60 1.70 -3.20 percent [+]
GDP Annual Growth Rate 3.30 3.20 6.10 -4.90 percent [+]
GDP 770.85 750.32 936.23 12.28 USD Billion [+]
GDP Constant Prices 173418.20 168902.00 174571.00 79959.50 EUR Million [+]
Gross National Product 169916.02 170765.29 173843.60 76625.00 EUR Million [+]
Gross Fixed Capital Formation 36966.00 36411.00 37064.00 15537.00 EUR Million [+]
GDP per capita 52111.47 51255.12 52118.09 16188.54 USD [+]
GDP per capita PPP 47128.31 46353.85 47134.30 32090.21 USD [+]
GDP From Agriculture 2207.00 2600.00 3302.00 1889.00 EUR Million [+]
GDP From Construction 9347.09 9143.00 9923.00 5717.00 EUR Million [+]
GDP From Manufacturing 18570.00 18541.00 18817.00 12626.00 EUR Million [+]
GDP From Mining 1550.91 3710.00 8463.00 1550.91 EUR Million [+]
GDP From Public Administration 10230.00 11093.00 11769.00 9212.00 EUR Million [+]
GDP From Services 33226.33 29743.55 33226.33 17494.00 EUR Million [+]
GDP From Transport 7273.00 7536.00 7660.00 4317.00 EUR Million [+]
GDP From Utilities 986.00 1027.00 1056.00 542.00 EUR Million [+]


Netherlands GDP Growth Rate

The Netherlands is the fifth-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. On the expenditure side, household consumption is the main component of GDP and accounts for 45 percent of its total use, 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 0.60 1.70 -3.20 1988 - 2017 percent Quarterly




gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.00 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Canada 1.10 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17
Russia -0.57 Sep/15