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.