The Netherlands' gross domestic product expanded 0.6 percent on quarter in the three months to December 2022, recovering from a 0.2 percent contraction in the previous period and easily beating market consensus of a 0.1 percent fall, a preliminary estimate showed. The Dutch economy was able to avoid a recession despite rising inflation and higher borrowing costs, helped by solid household consumption and a strong increase in exports. Private consumption increased 0.9 percent, as consumers spent more on services such as culture and recreation, catering and transport and communication. In addition, fixed investment was up 0.5 percent, mainly boosted by investment in housing, buildings and infrastructure. Net external demand has also contributed positively to the GDP as exports rose by 2.4 percent and imports were up by a softer 2.2 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 March of 2023.

GDP Growth Rate in Netherlands is expected to be -0.10 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 0.40 percent in 2024, according to our econometric models.

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Netherlands GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-23 05:30 AM QoQ Final Q3 -0.2% 2.4% -0.2% -0.2%
2023-02-14 08:30 AM QoQ Flash Q4 0.6% -0.2% -0.1% -0.3%
2023-03-24 05:30 AM QoQ Final Q4 -0.2% 0.6% 0.6%


Related Last Previous Unit Reference
GDP Growth Rate 0.60 -0.20 percent Dec 2022
GDP Annual Growth Rate 3.00 3.10 percent Dec 2022
GDP Constant Prices 201399.00 199986.10 EUR Million Dec 2022
Gross National Product 186686.06 186006.61 EUR Million Sep 2022
Gross Fixed Capital Formation 42373.00 42076.00 EUR Million Dec 2022
Full Year GDP Growth 4.50 4.90 percent Dec 2022
GDP from Mining 960.00 867.00 EUR Million Dec 2022
GDP from Manufacturing 23676.00 21504.00 EUR Million Dec 2022
GDP from Construction 8577.00 7812.00 EUR Million Dec 2022
GDP from Agriculture 3253.00 3491.00 EUR Million Dec 2022
GDP from Services 38181.00 37448.00 EUR Million Dec 2022
GDP from Utilities 1151.00 1034.00 EUR Million Dec 2022
GDP from Transport 8743.00 8837.00 EUR Million Sep 2022
GDP from Public Administration 11654.00 13193.00 EUR Million Sep 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
0.60 -0.20 6.30 -7.90 1988 - 2022 percent Quarterly

News Stream
Dutch Economy Unexpectedly Grows in Q4
The Netherlands' gross domestic product expanded 0.6 percent on quarter in the three months to December 2022, recovering from a 0.2 percent contraction in the previous period and easily beating market consensus of a 0.1 percent fall, a preliminary estimate showed. The Dutch economy was able to avoid a recession despite rising inflation and higher borrowing costs, helped by solid household consumption and a strong increase in exports. Private consumption increased 0.9 percent, as consumers spent more on services such as culture and recreation, catering and transport and communication. In addition, fixed investment was up 0.5 percent, mainly boosted by investment in housing, buildings and infrastructure. Net external demand has also contributed positively to the GDP as exports rose by 2.4 percent and imports were up by a softer 2.2 percent.
2023-02-14
Dutch Economy Shrinks 0.2% in Q3
The Netherlands' economy contracted by 0.2 percent on quarter in the three months to September 2022, reversing from a  2.4 percent growth in the previous period and matching the preliminary estimate.It was the first period of contraction since the aftermath of the pandemic outbreak in the second quarter of 2020, as investment shrank by 1.6 percent,led by lower spending on housing and infrastructure. At the same time,government spending fell 0.4%, while household consumption grew 0.5 percent.Net external demand also contributed negatively to the GDP, as exports rose 0.8 percent and imports increased 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 by3.1 percent, after a 5.1% expansion in the previous quarter.  
2022-12-23
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