The Netherlands’ economy expanded by 0.4% on quarter in the three months to December 2023, higher than initial and market estimates of a 0.3% rise and following a revised 0.2% fall in the previous period. It ended a three-quarter period of economic contraction, driven by a strong rebound in household consumption (1.9% vs -0.2% in Q3), and a continued increase in government spending (0.7% vs 1.3%). At the same time, fixed investments fell at a softer rate of 1.8% compared to a 2.5% drop in the prior period. Meanwhile, net trade contributed negatively to the GDP growth, as exports declined 0.1% (vs -2%), and imports rose 0.2% (-2.7%). On a yearly basis, the economy shrank 0.4%, moderating from a 0.8% contraction in the previous quarter. For the whole of 2023, the GDP growth sharply eased to 0.1% from a robust 4.3% last year. source: Statistics Netherlands
The Gross Domestic Product (GDP) in Netherlands expanded 0.40 percent in the fourth quarter of 2023 over the previous quarter. GDP Growth Rate in Netherlands averaged 0.53 percent from 1988 until 2023, reaching an all time high of 6.40 percent in the third quarter of 2020 and a record low of -8.30 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 April of 2024.
The Gross Domestic Product (GDP) in Netherlands expanded 0.40 percent in the fourth quarter of 2023 over the previous quarter. GDP Growth Rate in Netherlands is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands GDP Growth Rate is projected to trend around 0.40 percent in 2025, according to our econometric models.