The Netherlands economy grew by a record 7.8 percent on quarter in the three months to September 2020, faster than an initially estimates of a 7.7 percent growth, partially recovering from an unprecedented contraction of 8.5 percent in the previous period and beating market expectations of a 7.7 percent expansion. Household consumption was the main driver of growth, rising 8.9 percent (-11.3 percent in Q2), while other positive contributions came from public spending (7.2 percent vs -3.1 percent) and investment (7.2 vs -11.3 percent). Also, net external demand contributed positively to the GDP growth, as exports rose by 8.3 percent (vs -10.3 percent in Q2), while imports increased at a softer 6.7 percent (vs -9.5 percent in Q2). Year-on-year, the economy shrank 2.5 percent, easing from a record 9.4 percent contraction in the second quarter. source: Statistics Netherlands

GDP Growth Rate in Netherlands averaged 0.51 percent from 1988 until 2020, reaching an all time high of 7.80 percent in the third quarter of 2020 and a record low of -8.50 percent in the second quarter of 2020. This page provides - Netherlands GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

GDP Growth Rate in Netherlands is expected to be -1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Netherlands to stand at 1.40 in 12 months time. In the long-term, the Netherlands GDP Growth Rate is projected to trend around 1.00 percent in 2021 and 0.50 percent in 2022, according to our econometric models.

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Netherlands GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.80 -8.50 7.80 -8.50 1988 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-14 07:30 AM QoQ Flash Q2 -8.5% -1.5% -9.2% -10.8%
2020-09-23 04:30 AM QoQ Final Q2 -8.5% -1.5% -8.5% -8.5%
2020-11-13 08:30 AM QoQ Flash Q3 7.7% -8.5% 7% 6.8%
2020-12-24 05:30 AM QoQ Final Q3 7.8% -8.5% 7.7% 7.7%
2021-02-12 08:30 AM QoQ Flash Q4 7.8%
2021-03-25 05:30 AM QoQ Final Q4
2021-05-14 07:30 AM QoQ Flash Q1
2021-06-24 04:30 AM QoQ Final Q1
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Dutch Q3 GDP Growth Rate Revised Up to 7.8%
The Netherlands economy grew by a record 7.8 percent on quarter in the three months to September 2020, faster than an initially estimates of a 7.7 percent growth, partially recovering from an unprecedented contraction of 8.5 percent in the previous period and beating market expectations of a 7.7 percent expansion. Household consumption was the main driver of growth, rising 8.9 percent (-11.3 percent in Q2), while other positive contributions came from public spending (7.2 percent vs -3.1 percent) and investment (7.2 vs -11.3 percent). Also, net external demand contributed positively to the GDP growth, as exports rose by 8.3 percent (vs -10.3 percent in Q2), while imports increased at a softer 6.7 percent (vs -9.5 percent in Q2). Year-on-year, the economy shrank 2.5 percent, easing from a record 9.4 percent contraction in the second quarter.
2020-12-24
Dutch Economy Grows by Record 7.7% in Q3
The Netherlands economy grew by a record 7.7 percent on quarter in the three months to September 2020, partially recovering from an unprecedented contraction of 8.5 percent in the previous period and beating market expectations of a 7.0 percent expansion, a preliminary estimate showed. Household consumption was the main driver of growth, rising 9.4 percent, while other positive contributions came from public spending (6.3 percent), exports (8.6 percent) and investment (6.3 percent). Year-on-year, the economy shrank 2.5 percent, easing from a record 9.4 percent contraction in the second quarter.
2020-11-13
Dutch Economy Shrinks at Record Pace in Q2
The Dutch economy shrank by 8.5 percent on quarter in the three months to June 2020, the steepest pace of contraction since the series began in 1988, following a 1.5 percent contraction in the previous quarter. That was the second consecutive quarterly decline in GDP, which means the country officially entered a recession due to the coronavirus health crisis that ravaged business activity and global demand. Household consumption slumped 11.3 percent (vs -2.6 percent in Q1), fixed investment tumbled 11.3 percent (vs 0.6 percent in Q1) and government spending decreased 3.1 percent (vs -1.5 percent in Q1). In addition, net external demand contributed negatively to the GDP as exports plunged 10.3 percent and imports were down 9.5 percent. On a yearly basis, the economy shrank by a record 9.4 percent.
2020-09-23
Dutch Economy Contracts at Record Pace
The Dutch economy shrank 8.5 percent on quarter in the three months to June 2020, the steepest pace of contraction since comparable records began in 1988 and compared to market expectations of a 9.2 percent slump, a preliminary estimate showed. That was the second consecutive quarterly decline in GDP, which means the country officially entered a recession, due to the COVID-19 pandemic and the government efforts to curb the spread of the virus. Household consumption tumbled 10.4 percent (vs -2.6 percent in Q1), fixed investment plunged 12.4 percent (vs 0.6 percent in Q1) and government spending declined 3.0 percent (vs -1.5 percent in Q1). In addition, net external demand contributed negatively to the GDP as exports slumped 9.8 percent and imports were down 8.3 percent.
2020-08-14

Netherlands GDP Growth Rate
The Netherlands is the sixth-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. Household consumption is the main component of GDP (45 percent) followed by government expenditure (26 percent), gross fixed capital formation (18 percent) and net trade (11 percent).