The Netherlands' economy expanded by 3.8 percent on quarter in the three months to June 2021, more than initial estimates of a 3.1 percent growth, and recovering sharply from a 0.8 percent contraction in the previous period, as activity and demand rebounded following the easing of coronavirus restrictions. Both household consumption (6.4 percent vs-3.5 percent in Q1) and public spending (3.9 percent vs -2.0 percent in Q1) recovered sharply. In addition, net trade contributed positively to the GDP as exports jumped 4.2 percent and imports rose at a slower 2.7 percent. Fixed investment, however, contracted 1.6 percent, reversing from a 3.0 percent expansion in the first quarter. On a yearly basis, the GDP grew by 10.4 percent in the second quarter, the most on record, reflecting a low base from last year and the reopening of the economy. Figures were also better than a preliminary reading of a 9.7 percent growth. source: Statistics Netherlands
GDP Growth Rate in Netherlands averaged 0.52 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 October of 2021.
GDP Growth Rate in Netherlands is expected to be 2.60 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 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.