The Netherlands' economy shrank 0.8 percent on quarter in the three months to March 2021, compared with a preliminary estimate of a 0.5 percent fall and after showing no growth in the previous three-month period. Household consumption dropped 3.5 percent (vs -1.4 percent in Q4) and public spending declined 2.0 percent (vs -0.3 percent in Q4). On the other hand, fixed investment grew by 3.0 percent (vs 3.4 percent in Q4) and net trade contributed positively to the GDP as exports rose more than imports. Year-on-year, the economy contracted by 2.4 percent, following a revised 2.9 percent fall in the previous period and compared with market forecasts of a 2.8 percent decrease. source: Statistics Netherlands
GDP Growth Rate in Netherlands averaged 0.49 percent from 1988 until 2021, reaching an all time high of 7.50 percent in the third quarter of 2020 and a record low of -8.40 percent in the second quarter of 2020. 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 July of 2021.
GDP Growth Rate in Netherlands is expected to be 0.90 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 0.70 in 12 months time. In the long-term, the Netherlands GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.