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 August of 2020.

GDP Annual Growth Rate in Netherlands is expected to be -9.00 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 9.50 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.

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Netherlands GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 1.60 6.10 -4.60 1989 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2020-02-13 08:30 AM YoY Flash Q4 1.5% 1.9% 1.6% 1.8%
2020-03-25 05:30 AM YoY Final Q4 1.6% 1.9% 1.6% 1.5%
2020-05-15 07:30 AM YoY Flash Q1 -0.5% 1.6% -1.9% -1.9%
2020-06-24 04:30 AM YoY Final Q1 -0.2% 1.6% -0.5% -0.5%
2020-08-14 07:30 AM YoY Flash Q2 -0.2% -11.8%
2020-09-23 04:30 AM YoY Final Q2 -0.2% -11.8%
2020-11-13 08:30 AM YoY Flash Q3 -9%
2020-12-24 05:30 AM YoY Final Q3 -9%

News Stream
Dutch Q4 Annual Growth Weakest in 4 Years
The Dutch economy expanded 1.5 percent year-on-year in the fourth quarter of 2019, easing from a 1.9 percent growth in the previous three-month period and missing market expectations of 1.7 percent. That was the weakest pace of expansion since the fourth quarter of 2015 as both fixed investment and government spending advanced at softer rates, while net external demand and inventory changes contributed negatively to growth. Household consumption, on the other hand, remained solid. Considering 2019 full year, the economy expanded 1.7 percent, the least since 2014, driven by consumption and investments, mostly in vehicles and buildings. Trade contributed negatively, with imports rising faster than exports.
Dutch GDP Annual Growth Accelerates to 2% in Q2
The Dutch economy expanded 2.0 percent year-on-year in the second quarter of 2017, quickening from a 1.7 percent growth in the previous period, a preliminary estimate showed. Both fixed investment (5.3 percent vs 5.0 percent in Q1) and household consumption (1.7 percent vs 0.7 percent) rose faster while government spending slowed somewhat (0.8 percent vs 1.3 percent). At the same time, net foreign demand contributed positively to the GDP growth, as exports advanced 3.0 percent (vs 1.3 percent in Q1) and imports increased at a softer 2.5 percent (vs 2.2 percent in Q1). On a quarterly basis, the GDP rose 0.5 percent, the same pace as in the previous quarter, beating market consensus of a 0.3 percent advance.

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).