The Dutch economy advanced 0.5 percent on quarter in the three months to March 2019, the same as in the previous period and beating market expectations of 0.4 percent, a preliminary estimate showed. Growth was mainly driven by fixed investment which offset a negative foreign demand. 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 0.50 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 0.50 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
2018-12-24 05:30 AM GDP Growth Rate QoQ Final 0.2% 0.7% 0.2% 0.2%
2019-02-14 08:30 AM GDP Growth Rate QoQ Flash 0.5% 0.1% 0.5% 0.4%
2019-03-26 05:30 AM GDP Growth Rate QoQ Final 0.5% 0.2% 0.5% 0.5%
2019-05-14 07:30 AM GDP Growth Rate QoQ Flash 0.5% 0.5% 0.4% 0.4%
2019-06-24 04:30 AM GDP Growth Rate QoQ Final 0.5% 0.4%
2019-08-14 07:30 AM GDP Growth Rate QoQ Flash 0.5%
2019-09-23 04:30 AM GDP Growth Rate QoQ Final 0.5%



Dutch Q1 GDP Growth Beats Estimates

The Dutch economy advanced 0.5 percent on quarter in the three months to March 2019, the same as in the previous period and beating market expectations of 0.4 percent, a preliminary estimate showed. Growth was mainly driven by fixed investment which offset a negative foreign demand.

Household consumption growth slowed to 0.1 percent from 0.5 percent in the last quarter of 2018; and fixed investment rose 2.1 percent, easing from 4.0 percent expansion in the prior quarter. Also, government spending went up 0.5 percent, the same as in the fourth quarter of 2018. In addition, net external demand contributed negatively to the GDP growth as imports rose 1.6 percent (vs -1.1 percent in Q4) and exports increased at a softer 0.8 percent (-1.6 percent in Q4). 

Year-on-year, the economy  expanded 1.7 percent, slowing from a 2.2 percent growth in the previous period. It was the weakest growth rate since the last quarter of 2015, as private consumption eased to 0.7 percent from 2.2 percent in Q4. Also, net foreign demand contributed negatively to the GDP growth, as imports rose 1.6 percent (vs 1.1 percent in Q4) and exports advanced at a slower 1.1 percent (vs 1.5 percent in Q4). Meanwhile, government spending expanded 1.2 percent, faster than a 0.8 percent growth in the prior period and fixed investment went up 4.5 percent (vs 4.4 percent in Q4).


CBS | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/14/2019 8:24:43 AM



Netherlands GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.50 1.70 -3.60 percent [+]
GDP Annual Growth Rate 1.70 2.20 6.10 -4.60 percent [+]
GDP 826.20 777.23 936.23 12.28 USD Billion [+]
GDP Constant Prices 188293.60 187451.20 188293.60 79959.50 EUR Million [+]
Gross National Product 189907.30 177389.58 189907.30 76625.00 EUR Million [+]
Gross Fixed Capital Formation 40779.00 39954.00 62170.00 15537.00 EUR Million [+]
GDP per capita 53597.83 52267.73 53597.83 16188.54 USD [+]
GDP per capita PPP 48472.54 47269.63 48472.54 32090.21 USD [+]
GDP From Agriculture 3123.00 3043.00 3346.00 1860.00 EUR Million [+]
GDP From Construction 8920.72 8133.48 8920.72 5063.90 EUR Million [+]
GDP From Manufacturing 20172.00 21462.00 21462.00 12921.00 EUR Million [+]
GDP From Mining 2207.64 1989.77 8408.57 1966.83 EUR Million [+]
GDP From Public Administration 12358.00 10616.00 12358.00 9245.00 EUR Million [+]
GDP From Services 33712.93 35092.91 35537.87 18598.14 EUR Million [+]
GDP From Transport 8286.00 8107.00 8286.00 4698.00 EUR Million [+]
GDP From Utilities 993.00 1127.00 1133.00 506.00 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 May of 2019.

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




Country Last Previous
Singapore 3.80 Mar/19
United States 3.20 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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