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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-14 08:30 AM QoQ Flash Q4 0.3% -0.3% -0.2%
2024-03-25 05:30 AM QoQ Final Q4 0.4% -0.2% 0.3% 0.3%
2024-05-15 07:30 AM QoQ Flash Q1 0.4% 0.2%


Related Last Previous Unit Reference
Full Year GDP Growth 0.10 4.33 percent Dec 2023
GDP Growth Rate YoY -0.40 -0.80 percent Dec 2023
GDP Constant Prices 202061.00 201349.00 EUR Million Dec 2023
GDP from Agriculture 3006.00 3285.00 EUR Million Dec 2023
GDP from Construction 8522.00 8047.00 EUR Million Dec 2023
GDP from Manufacturing 24972.00 22143.00 EUR Million Dec 2023
GDP from Mining 504.00 487.00 EUR Million Dec 2023
GDP from Public Administration 14297.00 12074.00 EUR Million Dec 2023
GDP from Services 38368.00 37132.00 EUR Million Dec 2023
GDP from Transport 7875.00 7919.00 EUR Million Dec 2023
GDP from Utilities 1098.00 979.00 EUR Million Dec 2023
GDP Growth Rate 0.40 -0.20 percent Dec 2023
Gross Fixed Capital Formation 41058.00 41816.00 EUR Million Dec 2023
Gross National Product 201141.00 201961.00 EUR Million Dec 2023

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).
Actual Previous Highest Lowest Dates Unit Frequency
0.40 -0.20 6.40 -8.30 1988 - 2023 percent Quarterly

News Stream
Dutch Q4 GDP Revised Higher
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.
2024-03-25
Dutch GDP Returns to Growth at the End of 2023
The Netherlands' economy expanded by 0.3% in the fourth quarter of 2023, marking the end of a three-quarter period of contraction, a preliminary estimate showed. Notably, household consumption rebounded by 1.8%, driven by increased spending on durable goods, services, and other goods. Furthermore, government consumption grew by 0.4%, while investments in fixed assets declined by 2.1% due to reduced investments in housing, commercial buildings, means of transport, and machinery. Meanwhile, net trade made no contribution to GDP growth, as both exports and imports of goods and services increased by 0.3%. In comparison with the corresponding period last year, Dutch GDP declined by 0.5% in the fourth quarter, marking a softer decrease than the 0.8% observed in the previous three-month period.
2024-02-14
Dutch Q3 GDP Contraction Revised Higher
The Netherlands’ gross domestic product fell 0.3% on quarter in the three months to September 2023, higher than initial and market estimates of a 0.2% decline and following a 0.4% drop in the previous period. It also marked the third consecutive quarter of contraction, mainly attributed to a sharp decline in fixed assets (-2.2% vs 0.3% in Q2), as investments shrank from companies and households. Additionally, inventory changes decreased (-0.2% vs 0.2%), while private consumption went down at a softer pace (-0.5% vs -1.8%). On the other hand, government spending growth edged higher (1.0% vs 0.9%), and net external demand contributed positively to the GDP, with exports falling 1.9% (vs -1.3%) and imports at a much faster 2.6% (vs -0.3%). Year-on-year, the economy sank 0.8%, the largest economic downturn since the first quarter of 2021.
2023-12-22