The Netherlands economy shrank 2.5 percent year-on-year in the third quarter of 2020, in line with the preliminary estimates, following a record 9.4 percent contraction in the previous period. This was mainly due to lower consumption by households, alongside falling investment. Government consumption and the trade balance, however, contributed positively to the GDP. source: Statistics Netherlands

GDP Annual Growth Rate in Netherlands averaged 2.06 percent from 1989 until 2020, reaching an all time high of 6.10 percent in the fourth quarter of 1999 and a record low of -9.40 percent in the second quarter of 2020. This page provides - Netherlands GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

GDP Annual Growth Rate in Netherlands is expected to be -3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Netherlands to stand at 4.90 in 12 months time. In the long-term, the Netherlands GDP Annual Growth Rate is projected to trend around 3.20 percent in 2021 and 1.90 percent in 2022, according to our econometric models.

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Netherlands GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -9.40 6.10 -9.40 1989 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-14 07:30 AM YoY Flash Q2 -9.3% -0.2% -9.7% -11.8%
2020-09-23 04:30 AM YoY Final Q2 -9.4% -0.2% -9.3% -9.3%
2020-11-13 08:30 AM YoY Flash Q3 -2.5% -9.4% -4.2%
2020-12-24 05:30 AM YoY Final Q3 -2.5% -9.4% -2.5% -2.5%
2021-02-12 08:30 AM YoY Flash Q4 -2.5%
2021-03-25 05:30 AM YoY Final Q4
2021-05-14 07:30 AM YoY Flash Q1
2021-06-24 04:30 AM YoY Final Q1


Netherlands GDP Annual 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).