The Netherlands’ economy stagnated compared to the previous quarter in the three months to March of 2022, following a 1 percent expansion in the previous period and slightly below market estimates of a 0.2 percent growth, a preliminary estimate showed. The stalling was mainly due to surging inflation during the quarter, exacerbated by the war in Ukraine during March. Government consumption fell 4 percent while household consumption was 0.1 percent lower, offset by a 0.8 percent rise in fixed investments. Net foreign demand also made a positive contribution to the GDP as exports decreased by 0.5 percent, while imports decreased at a faster 1.3 percent. On a yearly basis, the GDP expanded by 7 percent, following a 6.5 percent expansion in the previous quarter. source: Statistics Netherlands
GDP Growth Rate in Netherlands averaged 0.53 percent from 1988 until 2022, 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 May of 2022.
GDP Growth Rate in Netherlands is expected to be 0.10 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 0.40 percent in 2023, according to our econometric models.