Netherlands GDP Growth Rate  1988-2016 | Data | Chart | Calendar

The Dutch economy expanded 0.1 percent quarter-on-quarter in the third quarter of 2015, the same pace as in the previous three months and matching preliminary estimates. The expansion was supported by consumption, investment and exports. Year-on-year, the economy grew by 1.9 percent, as compared to a 1.8 percent growth in the June quarter. An expansion was seen for: private consumption (+1.8 percent year-on-year from +1.6 percent in the second quarter), government consumption (+0.3 percent from -0.2 ), business investment (+13.1 percent from +14.5 percent), exports (+4.0 percent from +4.5) and imports (+5.4 percent from +5.8). In contrast, government investment fell by 0.1 percent, after gaining 4.6 percent in the second quarter. GDP Growth Rate in Netherlands averaged 0.53 percent from 1988 until 2015, reaching an all time high of 1.80 percent in the first quarter of 1999 and a record low of -3.30 percent in the first quarter of 2009. GDP Growth Rate in Netherlands is reported by the Statistics Netherlands.

Netherlands GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.10 1.80 -3.30 1988 - 2015 percent Quarterly
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. On the expenditure side, household consumption is the main component of GDP and accounts for 45 percent of its total use, followed by government expenditure (26 percent), gross fixed capital formation (18 percent) and net trade (11 percent). This page provides - Netherlands GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-23 08:30 AM Q2 0.2% 0.6% 0.1% 0.1%
2015-11-13 08:30 AM Q3 0.1% 0.1% 0.3% 0.4%
2015-12-24 05:30 AM Q3 0.1% 0.1% 0.1% 0.1%
2016-02-11 03:30 PM Q4 0.1% 0.3% 0.3%
2016-03-25 02:15 PM Q4 0.1%
2016-05-13 07:30 AM Q1 0.26%

Dutch GDP Grows 0.1% in Q3


The Dutch economy advanced by only 0.1 percent on quarter in the three months to September 2015, the same pace as in the previous period and missing market expectations of 0.3 percent growth. Government expenditure was the main driver of growth, while investment slowed and private consumption stagnated, preliminary estimates showed.

The economy posted its sixth consecutive quarter of growth, but the pace of acceleration has slowed sharply in the last two periods to its lowest level since the first quarter of 2014 when Dutch economy contracted by 0.7 percent. Government spending grew 0.4 percent after showing no growth in the previous quarter. By contrast, investment growth eased to only 0.3 percent (+3 percent in Q2) and household consumption was flat (+0.3 percent in Q2). Net external demand continued to drag the expansion down, as exports of goods and services grew 0.7 percent while imports rose at a faster 1.1 percent.

Year-on-year, the economy advanced by 1.9 percent, up from 1.8 percent in the previous quarter but staying below market expectations of 2.1 percent growth. The annual increase was led by higher consumption from consumers and government, while investment expanded at a slower pace. Private consumption increased by 1.8 percent (+1.6 percent in Q2), as consumers spent more on clothing, electrical appliances, cars and miscellaneous services. Also, government spending expanded by 0.2 percent (-0.2 percent in Q2). Business investment advanced 10.9 percent (+14.5 percent in Q2), as companies invested more in houses and transport, mainly passenger cars, trucks and trailers. Also, companies have also spent more on plant and machinery, telecommunications and software. However, net external demand continued to contribute negatively. Exports rose by 4.3 percent (+4.5 percent in Q2), boosted by sales of oil products and transport equipment, while natural gas shipments shrank. Meanwhile, imports grew faster by 5.6 percent (+5.8 percent in Q2).

On the production side, mineral extraction declined sharply, while construction and business services grew strong.

Joana Ferreira | joana.ferreira@tradingeconomics.com
11/13/2015 1:10:14 PM

Netherlands GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.10 1.80 -3.30 percent [+]
GDP Annual Growth Rate 1.90 1.80 6.10 -4.90 percent [+]
GDP 869.51 853.54 931.29 12.28 USD Billion [+]
GDP Constant Prices 162797.30 162446.20 162797.30 79959.50 EUR Million [+]
Gross National Product 156082.90 165016.60 173843.60 76625.00 EUR Million [+]
Gross Fixed Capital Formation 33528.00 33037.00 37064.00 15537.00 EUR Million [+]
GDP per capita 43140.91 42893.78 45148.95 13162.07 USD [+]
GDP per capita PPP 45280.55 45021.16 47388.18 32534.04 USD [+]
GDP From Agriculture 3216.00 2067.00 3227.00 1889.00 EUR Million [+]
GDP From Construction 6458.00 8224.00 9923.00 5717.00 EUR Million [+]
GDP From Manufacturing 17683.00 17441.00 18817.00 12626.00 EUR Million [+]
GDP From Mining 1590.00 2043.00 8463.00 1590.00 EUR Million [+]
GDP From Public Administration 10241.00 11551.00 11769.00 9212.00 EUR Million [+]
GDP From Services 30226.00 29792.00 30582.00 17494.00 EUR Million [+]
GDP From Transport 7308.00 7064.00 7491.00 4317.00 EUR Million [+]
GDP From Utilities 913.00 858.00 968.00 542.00 EUR Million [+]




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