The Dutch economy grew by 1.9 percent year-on-year during the third quarter of 2019, accelerating from 1.8 percent in the previous period and matching market expectations. The expansion was mainly driven by fixed investment (7.1 percent vs 5.1 percent in Q2) and government spending (1.6 percent vs 1.0 percent) while household consumption growth weakened (1.4 percent vs 1.8 percent). On the other hand, net foreign demand contributed negatively to the GDP growth, as exports advanced 2.5 percent (vs 2.8 percent in Q2) while imports increased at a faster 3.3 percent (vs 2.9 percent in Q2). GDP Annual Growth Rate in Netherlands averaged 2.23 percent from 1989 until 2019, reaching an all time high of 6.10 percent in the fourth quarter of 1999 and a record low of -4.60 percent in the second quarter of 2009.

GDP Annual Growth Rate in Netherlands is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Netherlands to stand at 1.40 in 12 months time. In the long-term, the Netherlands GDP Annual Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.

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Netherlands GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.80 6.10 -4.60 1989 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-08-14 07:30 AM GDP Growth Rate YoY Flash Q2 2% 1.7% 2% 1.5%
2019-09-23 04:30 AM GDP Growth Rate YoY Final Q2 1.8% 1.7% 2% 2%
2019-11-14 08:30 AM GDP Growth Rate YoY Flash Q3 1.9% 1.8% 1.7% 1.7%
2019-12-24 05:30 AM GDP Growth Rate YoY Final Q3 1.9% 1.8% 1.9% 1.9%
2020-02-13 08:30 AM GDP Growth Rate YoY Flash Q4 1.9% 1.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-06-24
Dutch Q1 GDP Annual Growth Confirmed at 1.7%
The Dutch economy expanded 1.7 percent year-on-year in the first quarter of 2019, slowing from a 2.2 percent growth in the previous period, and in line with the preliminary estimates. It was the weakest growth rate since the last quarter of 2015, as private consumption eased to 0.7 percent from 2.1 in the fourth quarter of 2018. Also, net foreign demand contributed negatively to the GDP growth, as imports rose 2.2 percent (vs 1.4 percent in Q4) and exports rose at a slower 1.3 percent (vs 2.5 percent in Q4). Meanwhile, government spending expanded 1.3 percent, faster than a 1.0 percent gain in the prior period and fixed investment went up 5.0 percent (vs 2.5 percent in Q4).

2019-05-14
Dutch Q1 GDP Annual Growth at Over 3-Year Low
The Dutch economy expanded 1.7 percent year-on-year in the first quarter of 2019, slowing from a 2.2 percent growth in the previous period, a preliminary estimate showed. It was the weakest growth rate since the last quarter of 2015, as private consumption eased to 0.7 percent from 2.2 in the fourth quarter of 2018. 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).

2019-03-26
Dutch Q4 GDP Annual Growth Revised Higher to 2.2%
The Dutch economy grew 2.2 percent year-on-year in the fourth quarter of 2018, faster than a preliminary estimate of 2 percent and compared to the previous period's 2.4 percent expansion. Private consumption growth accelerated to 2.2 percent from 1.9 percent and fixed investment advanced 4.4 percent, faster than 0.6 percent in Q3. In addition, net foreign demand contributed positively to the GDP growth as exports rose 1.5 percent (vs 3.4 percent in Q3) and imports went up at a softer 1.1 percent (vs 2.7 percent in Q3). Meanwhile, a negative contribution was made by inventory changes (-0.1 percentage points vs 0.9 percentage points in Q3). Considering 2018 full year, the GDP rose 2.7 percent, following a 2.9 percent increase in 2017.


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). .

Netherlands GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.40 1.70 -3.60 percent [+]
GDP Annual Growth Rate 1.90 1.80 6.10 -4.60 percent [+]
GDP 912.87 830.57 948.00 12.28 USD Billion [+]
GDP Constant Prices 189772.00 188941.00 189772.00 79959.50 EUR Million [+]
Gross National Product 181014.04 179471.61 189661.34 76625.00 EUR Million [+]
Gross Fixed Capital Formation 39928.00 40048.00 62107.00 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 3336.00 2508.00 3343.00 1860.00 EUR Million [+]
GDP From Construction 8006.00 9366.00 9366.00 5064.00 EUR Million [+]
GDP From Manufacturing 20550.00 21584.00 22087.00 12921.00 EUR Million [+]
GDP From Mining 1639.00 1803.00 8409.00 1639.00 EUR Million [+]
GDP From Public Administration 10731.00 12286.00 12286.00 9245.00 EUR Million [+]
GDP From Services 35085.00 36039.00 36039.00 18598.00 EUR Million [+]
GDP From Transport 8294.00 8303.00 8401.00 4698.00 EUR Million [+]
GDP From Utilities 1060.00 1122.00 1170.00 506.00 EUR Million [+]