The Dutch economy expanded by 4.5 percent in 2022, following a 4.9 percent growth in 2021 and marking the fastest two-year expansion this century. Household consumption advanced 6.6 percent, as consumers spent more on services such as culture and recreation, catering and transport and communication. In addition, fixed investment rose 3.1 percent and exports were up 5.2 percent, mainly led by exports of services. By industry, the culture, sports, recreation and other services sector was the main driver of GDP growth. source: Statistics Netherlands

Full Year GDP Growth in Netherlands averaged 2.01 percent from 1996 until 2022, reaching an all time high of 5.03 percent in 1999 and a record low of -3.80 percent in 2020. This page includes a chart with historical data for Netherlands Full Year GDP Growth. Netherlands Full Year GDP Growth - values, historical data and charts - was last updated on June of 2023.

Full Year GDP Growth in Netherlands is expected to reach 0.70 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands Full Year GDP Growth is projected to trend around 1.50 percent in 2024 and 1.40 percent in 2025, according to our econometric models.

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Netherlands Full Year GDP Growth

Related Last Previous Unit Reference
GDP Growth Rate -0.70 0.40 percent Mar 2023
GDP Annual Growth Rate 1.90 3.20 percent Mar 2023
GDP 1012.85 909.79 USD Billion Dec 2021

Netherlands Full Year GDP Growth
The Netherlands is the sixth-largest economy in the Euro Zone and an 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).
Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.90 5.03 -3.80 1996 - 2022 percent Yearly
Constant Prices 2015, NSA