The Netherlands' economy shrank by 0.1 percent on quarter in the three months to December 2020, missing market expectations of a 0.2 percent expansion, a preliminary estimate showed. The latest reading followed a record 7.8 expansion in the previous three-month period and an unprecedented contraction of 8.5 percent in the second quarter. Household consumption was the main driver of contraction, falling 1.4 percent (vs 8.9 percent in Q3), while other negative contributions came from both public spending (-0.1 percent vs 7.2 percent) and net trade, as imports rose more than exports. On the other hand, fixed investment grew by 1.8 percent (vs 7.2 percent in Q3). Year-on-year, the economy shrank by 2.9 percent, following a 2.5 percent contraction in the third quarter. source: Statistics Netherlands

GDP Growth Rate in Netherlands averaged 0.50 percent from 1988 until 2020, reaching an all time high of 7.80 percent in the third quarter of 2020 and a record low of -8.50 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 February of 2021.

GDP Growth Rate in Netherlands is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Netherlands to stand at 0.80 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 7.80 7.80 -8.50 1988 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-23 04:30 AM QoQ Final Q2 -8.5% -1.5% -8.5% -8.5%
2020-11-13 08:30 AM QoQ Flash Q3 7.7% -8.5% 7% 6.8%
2020-12-24 05:30 AM QoQ Final Q3 7.8% -8.5% 7.7% 7.7%
2021-02-16 08:30 AM QoQ Flash Q4 -0.1% 7.8% 0.2% -1.2%
2021-03-26 05:30 AM QoQ Final Q4 7.8% -0.1% -0.1%
2021-05-18 07:30 AM QoQ Flash Q1 -1%
2021-06-24 04:30 AM QoQ Final Q1
2021-08-17 07:30 AM QoQ Flash Q2 1.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Dutch Economy Unexpectedly Contracts in Q4
The Netherlands' economy shrank by 0.1 percent on quarter in the three months to December 2020, missing market expectations of a 0.2 percent expansion, a preliminary estimate showed. The latest reading followed a record 7.8 expansion in the previous three-month period and an unprecedented contraction of 8.5 percent in the second quarter. Household consumption was the main driver of contraction, falling 1.4 percent (vs 8.9 percent in Q3), while other negative contributions came from both public spending (-0.1 percent vs 7.2 percent) and net trade, as imports rose more than exports. On the other hand, fixed investment grew by 1.8 percent (vs 7.2 percent in Q3). Year-on-year, the economy shrank by 2.9 percent, following a 2.5 percent contraction in the third quarter.
2021-02-16
Dutch Q3 GDP Growth Rate Revised Up to 7.8%
The Netherlands economy grew by a record 7.8 percent on quarter in the three months to September 2020, faster than an initially estimates of a 7.7 percent growth, partially recovering from an unprecedented contraction of 8.5 percent in the previous period and beating market expectations of a 7.7 percent expansion. Household consumption was the main driver of growth, rising 8.9 percent (-11.3 percent in Q2), while other positive contributions came from public spending (7.2 percent vs -3.1 percent) and investment (7.2 vs -11.3 percent). Also, net external demand contributed positively to the GDP growth, as exports rose by 8.3 percent (vs -10.3 percent in Q2), while imports increased at a softer 6.7 percent (vs -9.5 percent in Q2). Year-on-year, the economy shrank 2.5 percent, easing from a record 9.4 percent contraction in the second quarter.
2020-12-24
Dutch Economy Grows by Record 7.7% in Q3
The Netherlands economy grew by a record 7.7 percent on quarter in the three months to September 2020, partially recovering from an unprecedented contraction of 8.5 percent in the previous period and beating market expectations of a 7.0 percent expansion, a preliminary estimate showed. Household consumption was the main driver of growth, rising 9.4 percent, while other positive contributions came from public spending (6.3 percent), exports (8.6 percent) and investment (6.3 percent). Year-on-year, the economy shrank 2.5 percent, easing from a record 9.4 percent contraction in the second quarter.
2020-11-13
Dutch Economy Shrinks at Record Pace in Q2
The Dutch economy shrank by 8.5 percent on quarter in the three months to June 2020, the steepest pace of contraction since the series began in 1988, following a 1.5 percent contraction in the previous quarter. That was the second consecutive quarterly decline in GDP, which means the country officially entered a recession due to the coronavirus health crisis that ravaged business activity and global demand. Household consumption slumped 11.3 percent (vs -2.6 percent in Q1), fixed investment tumbled 11.3 percent (vs 0.6 percent in Q1) and government spending decreased 3.1 percent (vs -1.5 percent in Q1). In addition, net external demand contributed negatively to the GDP as exports plunged 10.3 percent and imports were down 9.5 percent. On a yearly basis, the economy shrank by a record 9.4 percent.
2020-09-23

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).