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The Netherlands is the fifth largest economy in the Euro Zone and the third largest exporter in the region. In fact, the Netherlands earns some 33 percent of its income from the export of goods and services and in 2014, the value of exports was 83 percent of the Netherlands’ GDP. 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. However, the impact of the downturn in world trade as a result of the global economic crisis was immediately tangible in the Netherlands with its buoyant and open economy. The Dutch economy contracted by 3.8 percent in 2009. To recover, the government sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities, which led to a budget deficit of 5.1 percent of GDP in 2010. The government of began implementing austerity measures in early 2011, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2014, the Dutch economy expanded by only 1 percent as household consumption struggled to recover. Household consumption is the main component of GDP and accounts for 45 percent of its total use, followed by government expenditure (26 percent) and gross fixed capital formation (18 percent). Also, external balance of goods and services accounts for 11 percent of GDP. This page provides - Netherlands GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Netherlands GDP Growth Rate - was last refreshed on Friday, October 9, 2015.