Please Paste this Code in your Website
||1989 - 2015
Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation and sizable trade surplus. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2 percent of the labor force but provides large surpluses for the food-processing industry and for exports. 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. After 26 years of uninterrupted economic growth, the Dutch economy contracted by 3.8 percent in 2009, recovering in 2010-11 before going back into recession in 2012, as a result of the crisis. The high unemployment rate and tax increases due to austerity measures have contributed to continued decreases in household disposable income, causing the Dutch economy to contract further. In 2014, 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Netherlands GDP Annual Growth Rate - was last refreshed on Friday, October 9, 2015.