Name: Netherlands Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

The Dutch economy expanded by 5.0% year-on-year in 2021, recovering sharply from a 3.8% contraction a year earlier, helped by a jump in consumer spending as the country opened up gradually from April to October. source: Statistics Netherlands

Full Year GDP Growth in Netherlands averaged 1.92 percent from 1996 until 2021, reaching an all time high of 5.03 percent in 1999 and a record low of -3.80 percent in 2020. This page includes a chart with historical data for Netherlands Full Year GDP Growth. Netherlands Full Year GDP Growth - values, historical data and charts - was last updated on July of 2022.

Full Year GDP Growth in Netherlands is expected to reach 2.90 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands Full Year GDP Growth is projected to trend around 2.70 percent in 2023 and 2.20 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	0.40	0.70	percent	Mar 2022
GDP Annual Growth Rate	6.70	6.20	percent	Mar 2022
GDP	913.87	910.19	USD Billion	Dec 2020

Netherlands Full Year GDP Growth

The Netherlands is the sixth-largest economy in the Euro Zone and an 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).