GDP in Netherlands

Netherlands GDP | Economic News & Forecasts

Netherlands - GDP

Economy posts impressive growth in Q2

The Netherlands’ economy picked up substantially in the second quarter of 2017 on the back of strong external demand and private consumption. GDP grew 1.5% in seasonally-adjusted terms over the previous quarter, according to preliminary data released by Statistics Netherlands on 16 August, following a 0.7% expansion in Q1. According to Statistics Netherlands, this is only the third time in the 21st Century that the economy has experienced such impressive quarterly growth. In annual terms, the economy grew 3.3% in Q2 over the same quarter last year, a slight acceleration compared to Q1’s 3.2% expansion.

The quarter-on-quarter expansion resulted from stronger private consumption as Dutch households spent more on both goods and services. Fixed investment also expanded in Q2 thanks to higher investment in residential property and automobiles. The solid performance of the domestic sector was underpinned by falling unemployment, a thriving housing market and very upbeat consumer sentiment.

More detailed data will be released on 22 September.

For 2017, FocusEconomics Consensus Forecast panelists see GDP growing 2.1%, which is unchanged from last month’s projection. For 2018, the panel expects the economy to expand 1.7%.

Netherlands - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)-1.1  -0.2  1.4  2.3  2.2  

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Netherlands GDP Chart

Netherlands GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistics Netherlands and FocusEconomics calculations.

Netherlands Facts

Bond Yield0.56-2.09 %Sep 20
Exchange Rate1.19-0.61 %Sep 21
Stock Market528-0.04 %Sep 21

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