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.

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Netherlands GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 07:30 AM QoQ Flash Q1 0% 1.0% 0.2% 0.2%
2022-06-24 04:30 AM QoQ Final Q1 0.4% 0.7% 0% 0%
2022-08-17 07:30 AM QoQ Flash Q2 0.4% 0.1%


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 Constant Prices 196439.90 195859.00 EUR Million Mar 2022
Gross National Product 189945.15 189134.50 EUR Million Mar 2022
Gross Fixed Capital Formation 40825.00 40267.00 EUR Million Mar 2022
Full Year GDP Growth 5.00 -3.80 percent Dec 2021
GDP From Utilities 1015.00 1186.00 EUR Million Mar 2022
GDP From Transport 8026.00 8743.00 EUR Million Mar 2022
GDP From Services 35788.03 37179.00 EUR Million Mar 2022
GDP From Public Administration 11420.00 13266.00 EUR Million Mar 2022
GDP From Mining 1170.87 1070.00 EUR Million Mar 2022
GDP From Manufacturing 22303.00 23623.00 EUR Million Mar 2022
GDP From Construction 9634.86 8382.00 EUR Million Mar 2022
GDP From Agriculture 3130.00 3174.00 EUR Million Mar 2022

Netherlands GDP 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).
Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.70 6.20 -7.90 1988 - 2022 percent Quarterly

News Stream
Dutch Economy Grows 0.4% QoQ in Q1
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.
2022-06-24
Dutch GDP Misses Forecasts in Q1
The Netherlands’ economy stagnated compared to the previous quarter in the three months to March of 2022, following a 1 percent expansion in the previous period and slightly below market estimates of a 0.2 percent growth, a preliminary estimate showed. The stalling was mainly due to surging inflation during the quarter, exacerbated by the war in Ukraine during March. Government consumption fell 4 percent while household consumption was 0.1 percent lower, offset by a 0.8 percent rise in fixed investments. Net foreign demand also made a positive contribution to the GDP as exports decreased by 0.5 percent, while imports decreased at a faster 1.3 percent. On a yearly basis, the GDP expanded by 7 percent, following a 6.5 percent expansion in the previous quarter.
2022-05-17
Dutch Q4 GDP Growth Revised Up to 1%
The Dutch economy grew by 1.0% on quarter in the three months to December 2021, higher than 0.9% in the preliminary estimate, and following a downwardly revised 2.0% gain in the previous period. It was the third straight quarter of expansion in the economy, but the weakest growth, due mainly to the lockdown in mid-December 2021 amid a surge in Covid-19 infections. The GDP growth was mainly driven by both fixed investment (3.2%) and government spending (2.2%), amid a decline in household consumption (-0.5). The net external also contributed positively to the GDP growth as exports fell 1.4%, while imports dropped at a faster 1.9%. On a yearly basis, the GDP expanded by 6.5%, faster than the flash reading of a 6.2% growth, and following an upwardly revised 5.4% rise in the previous quarter. In 2021, the economy expanded 5.0%, 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.
2022-03-25