The Dutch economy advanced 0.5 percent on quarter in the three months to June 2019, the same pace as in the previous period and beating market expectations of 0.3 percent, a preliminary estimate showed. Growth was mainly driven by net foreign demand, household consumption and fixed investment. GDP Growth Rate in Netherlands averaged 0.55 percent from 1988 until 2019, reaching an all time high of 1.70 percent in the first quarter of 1999 and a record low of -3.60 percent in the first quarter of 2009.

GDP Growth Rate in Netherlands is expected to be 0.40 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 0.40 in 12 months time. In the long-term, the Netherlands GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.

Netherlands GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-26 05:30 AM GDP Growth Rate QoQ Final Q4 0.5% 0.2% 0.5% 0.5%
2019-05-14 07:30 AM GDP Growth Rate QoQ Flash Q1 0.5% 0.5% 0.4% 0.4%
2019-06-24 04:30 AM GDP Growth Rate QoQ Final Q1 0.5% 0.5% 0.5% 0.5%
2019-08-14 07:30 AM GDP Growth Rate QoQ Flash Q2 0.5% 0.5% 0.3% 0.5%
2019-09-23 04:30 AM GDP Growth Rate QoQ Final Q2 0.5% 0.5% 0.5%
2019-11-14 08:30 AM GDP Growth Rate QoQ Flash Q3 0.4%
2019-12-24 05:30 AM GDP Growth Rate QoQ Final Q3 0.4%



Dutch Q2 GDP Growth Stronger than Expected

The Dutch economy advanced 0.5 percent on quarter in the three months to June 2019, the same pace as in the previous period and beating market expectations of 0.3 percent, a preliminary estimate showed. Growth was mainly driven by net foreign demand, household consumption and fixed investment.

Net external demand was the main driver of growth, as exports surged 1.3 percent (vs 0.6 percent in Q1) and imports advanced at a slower 0.7 percent (vs 1.6 percent in Q1). Also, household consumption rose at a faster 0.8 percent, after a 0.2 percent gain in the previous period. Meanwhile, gross investment in fixed assets slowed (1.3 percent vs 2.7 percent); and there was a contraction in government spending (-0.1 percent vs 0.4 percent in Q1).

Compared with the same quarter of 2018, the GDP grew 2.0 percent, quickening from a 1.7 percent advance in the previous period. Both fixed investment (5.3 percent vs 5.0 percent in Q1) and household consumption (1.7 percent vs 0.7 percent) rose faster while government spending weakened somewhat (0.8 percent vs 1.3 percent). At the same time, net foreign demand contributed positively to the GDP growth, as exports advanced 3.0 percent (vs 1.3 percent in Q1) and imports increased at a softer 2.5 percent (vs 2.2 percent in Q1). 


CBS | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/14/2019 10:03:37 AM



Netherlands GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.50 1.70 -3.60 percent [+]
GDP Annual Growth Rate 2.00 1.70 6.10 -4.60 percent [+]
GDP 912.87 830.57 948.00 12.28 USD Billion [+]
GDP Constant Prices 189297.80 188324.30 189297.80 79959.50 EUR Million [+]
Gross National Product 178073.28 189907.30 189907.30 76625.00 EUR Million [+]
Gross Fixed Capital Formation 40294.00 39776.00 62106.00 15537.00 EUR Million [+]
GDP per capita 55041.10 53920.00 55041.10 16188.54 USD [+]
GDP per capita PPP 49803.50 48789.10 49803.50 32305.20 USD [+]
GDP From Agriculture 2544.00 3071.00 3343.00 1860.00 EUR Million [+]
GDP From Construction 9489.46 9178.06 9489.46 5063.90 EUR Million [+]
GDP From Manufacturing 21513.00 20725.00 22087.00 12921.00 EUR Million [+]
GDP From Mining 1809.33 2164.17 8408.57 1809.33 EUR Million [+]
GDP From Public Administration 10652.00 12358.00 12358.00 9245.00 EUR Million [+]
GDP From Services 36125.22 33589.83 36125.22 18598.14 EUR Million [+]
GDP From Transport 7862.00 8286.00 8286.00 4698.00 EUR Million [+]
GDP From Utilities 1121.00 1032.00 1170.00 506.00 EUR Million [+]


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). This page provides - Netherlands GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 1.70 -3.60 1988 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Australia 0.50 Jun/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Brazil 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Russia -0.40 Mar/19
Singapore -3.30 Jun/19


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