The Netherlands’ economy expanded by 0.4 percent on quarter in the three months to March 2022, compared to a preliminary estimate of a flat reading, after a downwardly revised 0.7 percent gain in the previous period. It was the weakest growth in the GDP since the first quarter 2021, as household consumption grew softer (1.5% vs 3.6%), while government spending fell by 0.6%, reversing sharply from a 5.2% rise in Q4 2021. At the same time, fixed investment contracted by 0.3%, while exports and imports declined by 0.3% and 0.4%, respectively. On a yearly basis, the GDP advanced by 6.7 percent, lower than the preliminary figure of a 7% rise, and following a downwardly revised 6.2 percent expansion in the previous quarter. source: Statistics Netherlands
GDP Growth Rate in Netherlands averaged 0.54 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 June 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.