The Netherlands' economy shrank 1.7 percent on quarter in the first three months of 2020, the steepest period of contraction since the first quarter of 2009 and compared to market expectations of a 3 percent slump, a preliminary estimate showed, as the coronavirus pandemic hit demand and activity. Household consumption tumbled 2.7 percent, the biggest decline since the start of the series in 1987, and fixed investment fell 1.1 percent. In addition, government spending dropped 1.4 percent, and both exports and imports were sharply down. On the production side, the sharpest contractions were seen in the culture, recreation, sports & other services, the trade, transport, catering & storage, and the government, education & health care sectors.

GDP Growth Rate in Netherlands averaged 0.52 percent from 1988 until 2020, reaching an all time high of 1.70 percent in the first quarter of 1999 and a record low of -3.60 percent in the first quarter of 2009. This page provides - Netherlands GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Netherlands

GDP Growth Rate in Netherlands is expected to be -10.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Netherlands to stand at 2.20 in 12 months time. In the long-term, the Netherlands GDP Growth Rate is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.

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Netherlands GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.70 0.40 1.70 -3.60 1988 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-24 05:30 AM QoQ Final Q3 0.4% 0.4% 0.4% 0.4%
2020-02-13 08:30 AM QoQ Flash Q4 0.4% 0.4% 0.4% 0.3%
2020-03-25 05:30 AM QoQ Final Q4 0.4% 0.4% 0.4% 0.4%
2020-05-15 07:30 AM QoQ Flash Q1 -1.7% 0.4% -3% -2.6%
2020-06-24 04:30 AM QoQ Final Q1 0.4% -1.7% -1.7%
2020-08-14 07:30 AM QoQ Flash Q2 -10.8%
2020-09-23 04:30 AM QoQ Final Q2 -10.8%
2020-11-13 08:30 AM QoQ Flash Q3 2.1%


News Stream
Dutch GDP Contracts the Most in 11 Years
The Netherlands' economy shrank 1.7 percent on quarter in the first three months of 2020, the most since the first quarter of 2009 and compared to market expectations of a 3 percent slump, a preliminary estimate showed, as the coronavirus pandemic hit demand and activity. Household consumption tumbled 2.7 percent, the biggest decline since the start of the series in 1987, and fixed investment fell 1.1 percent. In addition, government spending dropped 1.4 percent, and both exports and imports were sharply down. On the production side, the sharpest contractions were seen in the culture, recreation, sports & other services, the trade, transport, catering & storage, and the government, education & health care sectors.
2020-05-15
Dutch Q4 GDP Growth Confirmed at 0.4%
The Dutch quarterly economic growth was confirmed at 0.4 percent in the last three months of 2019, the same as in the previous period. Private consumption advanced 0.7 percent (vs 0.2 percent in Q3) and fixed investment rebounded 1.2 percent (vs -0.3 percent in Q3), while government spending increased at a softer 0.4 percent (vs 0.6 percent in Q3). In addition, net external demand contributed positively to the GDP, with exports rising slightly faster than imports, while inventory changes subtracted 0.1 percentage points to the growth.
2020-03-25
Dutch Q4 GDP Growth Slightly Stronger than Forecast
The Dutch economy grew 0.4 percent on quarter in the last three months of 2019, the same pace as in the previous period and above market expectations of a 0.3 percent expansion, a preliminary estimate showed. Private consumption advanced 0.7 percent (vs 0.1 percent in Q3) and fixed investment rebounded 1.2 percent (vs -0.2 percent in Q3), while government spending increased at a softer 0.3 percent (vs 0.5 percent in Q3). In addition, net external demand contributed positively, with exports rising slightly faster than imports, while inventory changes subtracted 0.2 percentage points to the growth.
2020-02-13
Dutch Q3 GDP Growth Confirmed at 0.4%
The Dutch economy grew by 0.4 percent on quarter in the three months to September 2019, the same pace as in the previous period and matching preliminary estimate. Growth was mainly driven by public spending, inventory changes and household consumption.
2019-12-24

Netherlands GDP 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).