The Netherlands' economy shrank 0.2 percent year-on-year in the first quarter of 2020, the first period of contraction since the second quarter of 2013 and compared to a preliminary estimate of 0.5 percent contraction, as the coronavirus pandemic hit activity and demand.
GDP Annual Growth Rate in Netherlands averaged 2.19 percent from 1989 until 2020, reaching an all time high of 6.10 percent in the fourth quarter of 1999 and a record low of -4.60 percent in the second quarter of 2009. This page provides - Netherlands GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
GDP Annual Growth Rate in Netherlands is expected to be -11.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Netherlands to stand at -1.20 in 12 months time. In the long-term, the Netherlands GDP Annual Growth Rate is projected to trend around 3.20 percent in 2021 and 1.90 percent in 2022, according to our econometric models.