The Netherlands' economy advanced by 10.4 percent year-on-year in the second quarter of 2021, ending a five-quarter period of contraction, more than initially estimates of a 9.7 percent growth. It was the strongest growth in the economy since the series began in 1989, reflecting a low base year due to the coronavirus crisis and the reopening of the economy. source: Statistics Netherlands

GDP Annual Growth Rate in Netherlands averaged 2.07 percent from 1989 until 2021, reaching an all time high of 10.40 percent in the second quarter of 2021 and a record low of -9.20 percent in the second quarter of 2020. This page provides - Netherlands GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

GDP Annual Growth Rate in Netherlands is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands GDP Annual Growth Rate is projected to trend around 2.70 percent in 2022 and 1.90 percent in 2023, according to our econometric models.

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Netherlands GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-05-18 07:30 AM YoY Flash Q1 -2.8% -2.8% -2.1% -1.8%
2021-06-24 04:30 AM YoY Final Q1 -2.4% -2.9% -2.8% -2.8%
2021-08-17 07:30 AM YoY Flash Q2 9.7% -2.4% 7.5%
2021-09-23 04:30 AM YoY Final Q2 10.4% -2.4% 9.7% 9.7%
2021-11-16 08:30 AM YoY Flash Q3 10.4% 4.6%
2021-12-24 05:30 AM YoY Final Q3

Netherlands Last Unit Reference Previous Highest Lowest
GDP Growth Rate 3.80 percent Jun/21 -0.80 7.50 -8.40
GDP Annual Growth Rate 10.40 percent Jun/21 -2.40 10.40 -9.20
GDP Constant Prices 188885.40 EUR Million Jun/21 183173.80 190547.70 79959.50
Gross National Product 196383.92 EUR Million Jun/21 183560.00 196383.92 76625.00
Gross Fixed Capital Formation 40137.00 EUR Million Jun/21 40858.00 62155.00 15537.00
GDP From Utilities 1155.00 EUR Million Jun/21 1059.00 1216.00 506.00
GDP From Transport 7802.00 EUR Million Jun/21 6890.00 8344.00 4698.00
GDP From Services 35271.57 EUR Million Jun/21 31520.85 36345.00 18598.00
GDP From Public Administration 13024.00 EUR Million Jun/21 11327.00 13024.00 9245.00
GDP From Mining 1210.58 EUR Million Jun/21 1385.18 8409.00 993.00
GDP From Manufacturing 22135.00 EUR Million Jun/21 21124.00 22383.00 12921.00
GDP From Construction 9246.99 EUR Million Jun/21 9253.48 9401.00 5064.00
GDP From Agriculture 2653.00 EUR Million Jun/21 3189.00 3400.00 1860.00

Netherlands GDP Annual 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).