The Netherlands' economy shrank by 0.2 percent on quarter in the three months to September 2022, following a downwardly revised 2.4 percent growth in the previous period and missing market expectations of a flat reading, a preliminary estimate showed. It was the first period of contraction since the aftermath of the pandemic outbreak in the second quarter of 2020, as investment declined by 1.7 percent, led by lower spending on housing and infrastructure. At the same time, government spending fell slightly, while household consumption edged up 0.1 percent as demand was hit by rising inflation and higher borrowing costs. Net external demand has also contributed negatively to the GDP, as exports rose 0.9 percent and imports advanced at a faster 1.0 percent. By industry, financial services, the trade, transport and hospitality industry and construction shrank in Q3, while business services expanded. On a yearly basis, the economy grew by 3.1 percent. source: Statistics Netherlands

GDP Growth Rate in Netherlands averaged 0.54 percent from 1988 until 2022, reaching an all time high of 6.30 percent in the third quarter of 2020 and a record low of -7.90 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 November of 2022.

GDP Growth Rate in Netherlands is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands GDP Growth Rate is projected to trend around 0.30 percent in 2023 and 0.40 percent in 2024, according to our econometric models.

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Netherlands GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-23 04:30 AM QoQ Final Q2 2.6% 0.4% 2.6% 2.6%
2022-11-15 08:30 AM QoQ Flash Q3 -0.2% 2.4% 0% -1.4%
2022-12-23 05:30 AM QoQ Final Q3 2.4% -0.2% -0.2%


Related Last Previous Unit Reference
GDP Growth Rate -0.20 2.40 percent Sep 2022
GDP Annual Growth Rate 3.10 5.10 percent Sep 2022
GDP Constant Prices 199985.60 200841.60 EUR Million Sep 2022
Gross National Product 187553.61 187269.77 EUR Million Jun 2022
Gross Fixed Capital Formation 42015.00 43006.00 EUR Million Sep 2022
Full Year GDP Growth 5.00 -3.80 percent Dec 2021
GDP from Mining 876.58 932.00 EUR Million Sep 2022
GDP from Manufacturing 21802.00 23138.00 EUR Million Sep 2022
GDP from Construction 7817.89 9498.00 EUR Million Sep 2022
GDP from Agriculture 3495.00 2643.00 EUR Million Sep 2022
GDP from Services 37417.21 38786.00 EUR Million Sep 2022
GDP from Utilities 1034.00 1138.00 EUR Million Sep 2022
GDP from Transport 884.00 8026.00 EUR Million Jun 2022
GDP from Public Administration 13193.00 11420.00 EUR Million Jun 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-0.20 2.40 6.30 -7.90 1988 - 2022 percent Quarterly

News Stream
Dutch Economy Unexpectedly Contracts
The Netherlands' economy shrank by 0.2 percent on quarter in the three months to September 2022, following a downwardly revised 2.4 percent growth in the previous period and missing market expectations of a flat reading, a preliminary estimate showed. It was the first period of contraction since the aftermath of the pandemic outbreak in the second quarter of 2020, as investment declined by 1.7 percent, led by lower spending on housing and infrastructure. At the same time, government spending fell slightly, while household consumption edged up 0.1 percent as demand was hit by rising inflation and higher borrowing costs. Net external demand has also contributed negatively to the GDP, as exports rose 0.9 percent and imports advanced at a faster 1.0 percent. By industry, financial services, the trade, transport and hospitality industry and construction shrank in Q3, while business services expanded. On a yearly basis, the economy grew by 3.1 percent.
2022-11-15
Dutch GDP Growth Rate Confirmed at 2.6% in Q2
The Dutch quarterly economic growth was confirmed at 2.6% in the three months to June of 2022, accelerating sharply from a 0.4% expansion in the previous period. It was the strongest growth rate since the second quarter of 2021, as investments rebounded sharply (5.4% vs -0.3% in Q1) and net foreign demand contributed positively to the GDP growth, as exports rose 3.1%, while imports grew at a softer 2.2%. At the same time, government consumption grew 0.2%, recovering from a 0.7% fall in the prior quarter. Meanwhile, household consumption increased by 0.9%, after a 1.3% rise in the first quarter. Among economic activities, the trade, transport and hospitality industry (3.8% vs 1.2% in Q1), the business services industry (3.9% vs 0.1%); and the culture, recreation and other services industry (30.6% vs 1.2%) contributed the most to growth. On a yearly basis, the GDP advanced by 5.1%, lower than a preliminary estimate of 5.3%, following a 6.7% expansion in the previous period.
2022-09-23
Dutch Q2 GDP Growth Strongest in Nearly 2 Years
The Netherlands’ economy advanced by 2.6% on quarter in the three months to June of 2022, much faster than a 0.4% expansion in the previous period, a preliminary estimate showed. It was the strongest growth rate since the third quarter of 2020, as investments picked up by 5.2% and net foreign demand also contributed positively as exports and imports of goods and services increased by 2.7% and 1.6%, respectively. In addition, households spent 0.9% more than in the first quarter of 2022. Government consumption barely grew. Among economic activities, the trade, transport and hospitality industry, the business services industry and the culture, sports, recreation and other services industry contributed the most to growth. On a yearly basis, the GDP expanded by 5.3%, following a 6.7% expansion in the previous period.
2022-08-17