The Dutch economy expanded 2.0 percent year-on-year in the second quarter of 2017, quickening from a 1.7 percent growth in the previous period, a preliminary estimate showed. 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 slowed 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). On a quarterly basis, the GDP rose 0.5 percent, the same pace as in the previous quarter, beating market consensus of a 0.3 percent advance. 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 1.70 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 1.50 in 12 months time. In the long-term, the Netherlands GDP Annual Growth Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.