Netherlands GDP Growth Rate  1988-2017 | Data | Chart | Calendar

The Dutch economy advanced 0.4 percent on quarter in the first three months of 2017, lower than 0.6 percent in the previous period and below market expectations of 0.5 percent. It is the lowest growth rate since the last quarter of 2015 as household spending and inventories went down while business investment rebounded and rose the most in six years, preliminary estimates showed. GDP Growth Rate in Netherlands averaged 0.54 percent from 1988 until 2017, reaching an all time high of 1.70 percent in the first quarter of 1999 and a record low of -3.20 percent in the first quarter of 2009.

Netherlands GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-14 08:30 AM Q4 0.5% 0.8% 0.6% 0.5%
2017-03-24 05:30 AM Q4 0.6% 0.8% 0.5% 0.5%
2017-05-16 07:30 AM Q1 0.4% 0.6% 0.5% 0.5%
2017-06-23 04:30 AM Q1 0.6% 0.4% 0.4%
2017-08-16 07:30 AM Q2 0.4%
2017-09-22 04:30 AM Q2 0.4%




Dutch GDP Growth Lower Than Expected In Q1


The Dutch economy advanced 0.4 percent on quarter in the first three months of 2017, lower than 0.6 percent in the previous period and below market expectations of 0.5 percent. It is the lowest growth rate since the last quarter of 2015 as household spending and inventories went down while business investment rebounded and rose the most in six years, preliminary estimates showed.

Consumer spending fell 0.1 percent (0.6 percent in Q4); public consumption slowed (0.2 percent vs 0.6 percent) and inventories dropped 0.2 percent (vs 0.1 percent). In addition, exports rose 0.9 percent, the same as in Q4 while imports rose faster (1.2 percent vs 0.5 percent). In contrast, gross fixed investment recovered (5.1 percent vs -1.6 percent). 

Year-on-year, the GDP expanded 3.4 percent, above 2.5 percent in the last three months of 2016 and beating expectations of 2.8 percent. It is the highest annual growth rate since the last quarter of 2007, mainly boosted by a 7.6 percent jump in business investment (1.3 percent in Q4), namely in software, machinery and telecommunication equipment. Public investment also rose faster (2.1 percent vs 0.6 percent in Q4); government spending increased 1.6 percent (1.5 percent in Q4) while private consumption slowed (1.6 percent vs 2.6 percent in Q4). Exports grew 4.7 percent (2.5 percent in Q4), namely chemicals, machinery, base metal products and transport. Imports went up at a slower 4.1 percent (1.3 percent in Q4).

The first quarter of 2017 had two more working days than the same quarter in 2016. Accounting for those calendar effects, the economy advanced 2.8 percent. The European Commission expects the Dutch GDP to grow 2.1 percent in 2017.

Statistics Netherlands | Joana Taborda | joana.taborda@tradingeconomics.com
5/16/2017 9:57:06 AM



Netherlands GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.60 1.70 -3.20 percent [+]
GDP Annual Growth Rate 3.40 2.50 6.10 -4.90 percent [+]
GDP 750.28 879.64 936.23 12.28 USD Billion [+]
GDP Constant Prices 169937.40 168901.40 169937.40 79959.50 EUR Million [+]
Gross National Product 170765.29 160770.71 173843.60 76625.00 EUR Million [+]
Gross Fixed Capital Formation 36411.00 34088.00 37064.00 15537.00 EUR Million [+]
GDP per capita 51268.47 50500.24 52121.20 16189.51 USD [+]
GDP per capita PPP 46353.85 45668.44 47134.30 32090.21 USD [+]
GDP From Agriculture 2518.00 3253.00 3290.00 1889.00 EUR Million [+]
GDP From Construction 9154.34 7849.42 9923.00 5717.00 EUR Million [+]
GDP From Manufacturing 18547.00 18270.00 18817.00 12626.00 EUR Million [+]
GDP From Mining 3830.24 3550.96 8463.00 1590.00 EUR Million [+]
GDP From Public Administration 11144.00 10350.00 11769.00 9212.00 EUR Million [+]
GDP From Services 29743.55 32902.27 32902.27 17494.00 EUR Million [+]
GDP From Transport 7689.00 7365.00 7689.00 4317.00 EUR Million [+]
GDP From Utilities 992.00 1005.00 1018.00 542.00 EUR Million [+]


Netherlands GDP Growth Rate Notes

The Netherlands is the fifth-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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.60 1.70 -3.20 1988 - 2017 percent Quarterly



gdp growth rate by Country

Last
Turkey 3.80 Dec/16
India 1.60 Dec/16
China 1.30 Mar/17
Australia 1.10 Dec/16
South Korea 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
United States 0.70 Mar/17
Canada 0.60 Dec/16
Germany 0.60 Mar/17
Euro Area 0.50 Mar/17
Japan 0.50 Mar/17
Netherlands 0.40 Mar/17
France 0.30 Mar/17
United Kingdom 0.30 Mar/17
Italy 0.20 Mar/17
Switzerland 0.10 Dec/16
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15
Brazil -0.90 Dec/16