The Netherlands' economy expanded by 9.7 percent year-on-year in the second quarter of 2021, ending a five-quarter period of contraction. It was the rapid pace of GDP expansion since comparable records began in 1989, reflecting a low base year due to the coronavirus crisis and the reopening of the economy. source: Statistics Netherlands

GDP Annual Growth Rate in Netherlands averaged 2.06 percent from 1989 until 2021, reaching an all time high of 9.70 percent in the second quarter of 2021 and a record low of -9.20 percent in the second quarter of 2020. 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 September of 2021.

GDP Annual Growth Rate in Netherlands is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands GDP Annual Growth Rate is projected to trend around 2.70 percent in 2022 and 1.90 percent in 2023, according to our econometric models.

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Netherlands GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.70 -2.40 9.70 -9.20 1989 - 2021 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2021-03-26 05:30 AM YoY Final Q4 -2.8% -2.4% -2.9% -2.9%
2021-05-18 07:30 AM YoY Flash Q1 -2.8% -2.8% -2.1% -1.8%
2021-06-24 04:30 AM YoY Final Q1 -2.4% -2.9% -2.8% -2.8%
2021-08-17 07:30 AM YoY Flash Q2 9.7% -2.4% 7.5%
2021-09-23 04:30 AM YoY Final Q2 -2.4% 9.7%
2021-11-16 08:30 AM YoY Flash Q3 4.6%
2021-12-24 05:30 AM YoY Final Q3

Netherlands GDP Annual 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).