The Dutch economy expanded by 2.1 percent on quarter in the three months to September 2021, higher than 1.9 percent in the preliminary estimate, and following a 3.8 percent growth in the previous period. Household consumption was the main driver increasing 4.5 percent (vs 6.4% in Q2), supported by the further easing of Covid-19 restrictions. Government consumption also made a positive contribution, rising 1.5 percent (vs 3.9% in Q2). Exports and imports of goods and services increased by 2.2 percent and 3.1 percent, respectively. Meanwhile, investment fell by 2.3 percent (-1.6% in Q2). On a yearly basis, the GDP advanced by 5.2 percent, faster than the preliminary figure of a 5 percent growth, following a 10.4 percent jump in the previous period, as low-base effects from the pandemic shock last year faded. source: Statistics Netherlands
GDP Growth Rate in Netherlands averaged 0.53 percent from 1988 until 2021, 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 January of 2022.
GDP Growth Rate in Netherlands is expected to be 0.70 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 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.