Netherlands GDP Growth Rate

The Gross Domestic Product (GDP) in Netherlands contracted 0.60 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Netherlands averaged 0.52 Percent from 1988 until 2014, reaching an all time high of 2 Percent in the second quarter of 1996 and a record low of -2.20 Percent in the first quarter of 2009. GDP Growth Rate in Netherlands is reported by the Statistics Netherlands.

   
 
  LIST  
 EXPORT DATA  API

Netherlands GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.60 0.50 2.00 -2.20 1988 - 2014 Percent Quarterly
The Netherlands is the fifth largest economy in the Euro Zone and the third largest exporter in the region. The economy is dependent on foreign trade and derives more than 65 percent of GDP from both port activities and merchandise exports. The port of Rotterdam is the largest port in Europe and the third busiest in the world. The Netherlands’ economy is also noted for its stability, high skilled workforce and developed infrastructure. As a result, the country is the sixth biggest destination of foreign direct investment in the world. This page provides - Netherlands GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.


Netherlands GDP Contracts Less Than Expected in Q1


The Dutch economy contracted 0.6 percent quarter-on-quarter in the first three months of 2014, better than a preliminary estimate of a 1.4 percent drop. The revision was almost entirely due to new European Union guidelines for GDP computations.

The first quarter GDP contraction follows two consecutive quarters of economic growth.  Figures for the fourth quarter of 2013 were also revised to show a slower 0.5 percent expansion.

Year-on-year, the GDP was unchanged (0.0 percent), following a preliminary estimate of a 0.5 percent drop.

Private consumption contracted at a slower 1 percent (-2.0 percent in the preliminary estimate), while government spending rose a meager 0.1 percent. Business investment expanded at a slower 4.9 percent while government investment increased 5.8 percent compared with a preliminary 1.5 percent contraction. Exports expanded 2.7 percent and imports increased 3.7 percent, better than a preliminary 1.4 percent and 1.8 percent rise.

CBS | Isabel Felino | Isabel.felino@tradingeconomics.com
6/25/2014 11:00:20 AM


Recent Releases

Dutch Economy Contracts 1.4% in Q1
Netherlands’ GDP decreased 1.4 percent in the first three months of 2014, following a 1 percent expansion in the previous period, as exports of natural gas fell sharply due to the mild winter. Published on 2014-05-15

Dutch Economy Expands More Than Expected in Q4
The Dutch GDP advanced 0.9 percent in the final quarter of 2013, up from a preliminary 0.7 percent expansion, as investment grew faster-than-expected. In 2013, the Netherlands’ economy contracted 0.8 percent. Published on 2014-03-31


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-02-14 08:30 AM Netherlands
GDP Growth Rate QoQ Flash
Q4 2013 0.7% 0.3% (R) 0.2% -0.39%
2014-03-31 08:30 AM Netherlands
GDP Growth Rate QoQ - Final
Q4 2013 0.9% 0.3% 0.7% 0.7%
2014-05-15 08:30 AM Netherlands
GDP Growth Rate QoQ
Q1 2014 -1.4% 1.0% (R) 0.31%
2014-06-25 08:30 AM Netherlands
GDP Growth Rate QoQ - Final
Q1 2014 -0.6% 0.5% (R) -1.4% -1.4%
2014-08-14 08:30 AM Netherlands
GDP Growth Rate QoQ
Q2 2014 -0.6% 0.4%


GDP Last Previous Highest Lowest Unit
GDP 800.17 770.07 870.81 12.28 USD Billion [+]
GDP Growth Rate -0.60 0.50 2.00 -2.20 Percent [+]
GDP Annual Growth Rate 0.00 1.00 5.80 -4.40 Percent [+]
GDP Constant Prices 156668.50 136952.90 156668.50 79959.50 EUR Million [+]
Gross National Product 158654.70 154282.80 158654.70 76625.00 EUR Million [+]
GDP per capita 40187.12 40639.65 42467.27 13161.74 USD [+]
Gross Fixed Capital Formation 30551.00 24198.00 30551.00 15537.00 EUR Million [+]
GDP per capita PPP 36599.42 37118.14 38105.94 21574.43 USD [+]





Overview    |     Worldbank    |     Calendar    |     Countries    |     Indicators    |     News