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). 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 1.80 in 12 months time. In the long-term, the Netherlands GDP Annual Growth Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.