Netherlands GDP Growth Rate

The Gross Domestic Product (GDP) in Netherlands expanded 0.90 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Netherlands is reported by the Statistics Netherlands. GDP Growth Rate in Netherlands averaged 0.53 Percent from 1988 until 2013, 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.90 0.30 2.00 -2.20 0.31 | 2014/03 1988 - 2013 Percent Quarterly

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Netherlands GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-14 08:30 AM Netherlands
GDP Growth Rate QoQ
Q3 2013 0.1% 0.0% (R) -0.1% -0.17%
2013-12-24 08:30 AM Netherlands
GDP Growth Rate QoQ Final
Q3 2013 0.2% 0.0% 0.1% 0.1%
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 0.9% 0.31%
2014-06-25 08:30 AM Netherlands
GDP Growth Rate QoQ - Final
Q1 2014 0.31%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 0.90 2013-12-31 0.30 2.00 -2.20 0.31 2014-03-31 Percent [+]
GDP Annual Growth Rate 0.80 2013-12-31 -0.60 5.80 -4.80 -0.99 2014-03-31 Percent [+]
GDP Constant Prices 137059.70 2013-11-15 135928.60 141297.50 79959.50 137057.79 2014-06-30 EUR Million [+]
Gross Fixed Capital Formation 24069.00 2013-11-15 22757.00 29209.00 15537.00 23609.74 2014-03-31 EUR Million [+]
Gross National Product 137591.00 2013-11-15 126653.00 144212.00 76625.00 133068.58 2014-03-31 EUR Million [+]
GDP per capita 40788.32 2012-12-31 41366.41 42467.27 13161.74 40091.07 2014-06-30 USD [+]
GDP per capita PPP 36599.42 2012-12-31 37118.14 38105.94 21574.43 36023.25 2014-06-30 USD [+]
GDP 772.20 2012-12-31 836.10 870.80 12.30 717.34 2014-06-30 USD Billion [+]
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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.

Compared to a year earlier, the economy grew in the fourth quarter by 0.8 percent, up from a preliminary 0.7 percent estimate. Production and investment in construction were higher than previously estimated. Furthermore, the shrinkage of household and government spending was slightly smaller than previously reported. 

In contrast, the trade balance of services was lower than previously estimated. The fourth quarter of 2013 had the same number of days as the fourth quarter a year earlier.

In the fourth quarter of 2013 there were 128 thousand jobs less than in the same quarter of 2012, a decrease of 1.6 percent. In the first estimate the shrinkage of the number of jobs was 1.7 percent. In the third quarter, the number of jobs fell by 2.0 percent compared to the same quarter in 2012. 

In the last three months of 2013, the wage rates were 2.8 percent higher than in the same quarter a year earlier. 

CBS | Joana Taborda | joana.taborda@tradingeconomics.com
3/31/2014 10:12:32 AM

RECENT RELEASES

Dutch Economy Expands 0.7% QoQ in Q4
In the fourth quarter of 2013, Netherlands' economy grew 0.7 percent quarter-on-quarter, up from 0.3 percent in Q3. Over the full year, the economy contracted 0.8 percent. Published on 2014-02-14

Dutch GDP Grows 0.2% in Q3
In the third quarter of 2013, Dutch economy came out of recession and grew 0.2 percent quarter-on-quarter. Preliminary estimates showed the GDP advanced 0.1 percent. Annual growth was also revised upwards to -0.4 percent. Published on 2013-12-24


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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