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.

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Netherlands GDP Growth Rate


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
2.10 3.80 7.50 -8.40 1988 - 2021 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2021-11-16 08:30 AM QoQ Flash Q3 1.9% 3.8% 1.7% 1%
2021-12-24 05:30 AM QoQ Final Q3 2.1% 3.8% 1.9% 1.9%
2022-02-15 08:30 AM QoQ Flash Q4 2.1%


Related Last Previous Unit Reference
GDP Growth Rate 2.10 3.80 percent Sep/21
GDP Annual Growth Rate 5.20 10.40 percent Sep/21
GDP Constant Prices 193761.20 190056.40 EUR Million Sep/21
Gross National Product 190079.42 196383.92 EUR Million Sep/21
Gross Fixed Capital Formation 39112.00 40189.00 EUR Million Sep/21
GDP From Utilities 1046.00 1153.00 EUR Million Sep/21
GDP From Transport 8160.00 7802.00 EUR Million Sep/21
GDP From Services 36699.88 35742.66 EUR Million Sep/21
GDP From Public Administration 11448.00 13024.00 EUR Million Sep/21
GDP From Mining 1064.17 1202.42 EUR Million Sep/21
GDP From Manufacturing 21033.00 22121.00 EUR Million Sep/21
GDP From Construction 7694.00 9257.42 EUR Million Sep/21
GDP From Agriculture 3486.00 2621.00 EUR Million Sep/21


News Stream
Dutch Q3 GDP Growth Revised Higher to 2.1%
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.
2021-12-24
Dutch Q3 GDP Growth Beats Forecasts
The Dutch economy expanded by 1.9 percent on quarter in the three months to September 2021, following a 3.8 percent growth in the previous period, above market expectations of a 1.7 percent expansion, and returning to pre-pandemic levels, a preliminary estimate showed. Household consumption was the main driver increasing 3.8 percent, supported by the further easing of Covid-19 restrictions. Government consumption also made a positive contribution, rising 0.7 percent. However, investment fell by 2.7 percent. Exports and imports of goods and services increased by 1.3 percent and 1.6 percent respectively. On a yearly basis, the GDP grew by 5 percent following a 10.4 percent jump in the previous period, as low-base effects from the pandemic shock last year faded.
2021-11-16
Dutch Q2 GDP Growth Revised Up to 3.8%
The Netherlands' economy expanded by 3.8 percent on quarter in the three months to June 2021, more than initial estimates of a 3.1 percent growth, and recovering sharply from a 0.8 percent contraction in the previous period, as activity and demand rebounded following the easing of coronavirus restrictions. Both household consumption (6.4 percent vs-3.5 percent in Q1) and public spending (3.9 percent vs -2.0 percent in Q1) recovered sharply. In addition, net trade contributed positively to the GDP as exports jumped 4.2 percent and imports rose at a slower 2.7 percent. Fixed investment, however, contracted 1.6 percent, reversing from a 3.0 percent expansion in the first quarter. On a yearly basis, the GDP grew by 10.4 percent in the second quarter, the most on record, reflecting a low base from last year and the reopening of the economy. Figures were also better than a preliminary reading of a 9.7 percent growth.
2021-09-23