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.