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

The Dutch economy advanced 0.5 percent on quarter in the last three months of 2016, easing from a 0.8 percent expansion in the previous period and slightly below market expectations of a 0.6 percent growth, the preliminary estimate showed. Government spending rebounded and exports grew further, while household consumption expanded at a slower pace and fixed investment contracted. Year-on-year, gross domestic product rose 2.3 percent after a 2.4 percent increase in the third quarter. Considering the full year of 2016, the economy grew by 2.1 percent, slightly higher than a 2 percent expansion in 2015. GDP Growth Rate in Netherlands averaged 0.54 percent from 1988 until 2016, 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)
2016-11-15 08:30 AM Q3 0.7% 0.7% 0.3%
2016-12-23 05:30 AM Q3 0.8% 0.7% 0.7% 0.7%
2017-02-14 08:30 AM Q4 0.5% 0.8% 0.6% 0.5%
2017-03-24 05:30 AM Q4 0.8% 0.5% 0.5%
2017-05-16 07:30 AM Q1 0.4%
2017-06-23 04:30 AM Q1 0.4%




Dutch Q4 GDP Growth Eases To 0.5% QoQ


The Dutch economy advanced 0.5 percent on quarter in the last three months of 2016, easing from a 0.8 percent expansion in the previous period and slightly below market expectations of a 0.6 percent growth, the preliminary estimate showed. Government spending rebounded and exports grew further, while household consumption expanded at a slower pace and fixed investment contracted.

The economy posted its eleventh consecutive quarter of growth, as government spending rebounded 0.6 percent (-0.3 percent in Q3). Also, net trade contributed positively as exports advanced 1.4 percent (from 1.1 percent in Q3) and imports rose at a slower 1 percent (the same as in Q3). Changes in inventories added also 0.1 percentage point to growth. Meanwhile, household consumption growth eased to 0.7 percent (from 1 percent in Q3) and gross fixed capital formation contracted sharply by 2.9 percent (-0.2 percent in Q3).

Year-on-year, gross domestic product rose 2.3 percent after a 2.4 percent increase in the third quarter, due to a 1.6 percent contraction in fixed investment (from 7.2 percent in Q3), while household consumption expanded 2.6 percent (from 2 percent in Q3) and government spending advanced 1.2 percent (from 0.2 percent in Q3). Net external demand continued to contribute positively as exports went up 3.2 percent (from 2.7 percent in Q3 while imports rose at a slower 2 percent (from 2.9 percent in Q3). 

Considering the full year of 2016, the economy grew by 2.1 percent, slightly higher than a 2 percent expansion in 2015. Fixed investment and household consumption contributed the most to the growth.

CBS | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/14/2017 10:54:16 AM



Netherlands GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.80 1.70 -3.20 percent [+]
GDP Annual Growth Rate 2.30 2.40 6.10 -4.90 percent [+]
GDP 750.28 879.64 936.23 12.28 USD Billion [+]
GDP Constant Prices 168901.40 168018.40 168901.40 79959.50 EUR Million [+]
Gross National Product 160770.71 165664.89 173843.60 76625.00 EUR Million [+]
Gross Fixed Capital Formation 34088.00 35416.00 37064.00 15537.00 EUR Million [+]
GDP per capita 51268.47 50500.24 52121.20 16189.51 USD [+]
GDP per capita PPP 46686.88 45987.30 47463.40 32314.27 USD [+]
GDP From Agriculture 3253.00 3182.00 3290.00 1889.00 EUR Million [+]
GDP From Construction 7849.42 7128.20 9923.00 5717.00 EUR Million [+]
GDP From Manufacturing 18270.00 17771.00 18817.00 12626.00 EUR Million [+]
GDP From Mining 3550.96 1629.86 8463.00 1590.00 EUR Million [+]
GDP From Public Administration 10350.00 11727.00 11769.00 9212.00 EUR Million [+]
GDP From Services 32902.27 31716.50 32902.27 17494.00 EUR Million [+]
GDP From Transport 7365.00 7195.00 7660.00 4317.00 EUR Million [+]
GDP From Utilities 1005.00 1018.00 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.80 1.70 -3.20 1988 - 2016 percent Quarterly



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