The Netherlands' economy grew by 0.8% quarter-on-quarter in Q3 2024, slowing from an upwardly revised 1.1% in the previous quarter, preliminary estimates showed. This growth was primarily driven by household and government consumption, both up 0.8%. Households spent more on clothing, home furnishings, and energy, while government spending increased, notably in healthcare and public administration. Fixed asset investments rose 0.7%, focused on housing and machinery. Exports of goods and services increased by 0.4%, but imports rose more sharply at 0.6%, leading to a 1.0% decline in the trade balance. Year-on-year, Dutch GDP expanded by 1.7%, improving from 0.8% growth in the previous quarter. source: Statistics Netherlands

The Gross Domestic Product (GDP) in Netherlands expanded 0.80 percent in the third quarter of 2024 over the previous quarter. GDP Growth Rate in Netherlands averaged 0.54 percent from 1988 until 2024, reaching an all time high of 6.60 percent in the third quarter of 2020 and a record low of -8.40 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 November of 2024.

The Gross Domestic Product (GDP) in Netherlands expanded 0.80 percent in the third quarter of 2024 over the previous quarter. GDP Growth Rate in Netherlands is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-23 04:30 AM QoQ Final Q2 1% -0.3% 1% 1.0%
2024-11-14 08:30 AM QoQ Flash Q3 0.8% 1.1% 0.4%
2024-12-24 05:30 AM QoQ Final Q3 1% 0.8% 0.8%


Related Last Previous Unit Reference
Full Year GDP Growth 0.10 4.33 percent Dec 2023
GDP Growth Rate YoY 1.70 0.80 percent Sep 2024
GDP Constant Prices 237780.00 235834.00 EUR Million Sep 2024
GDP from Agriculture 3444.00 3443.00 EUR Million Sep 2024
GDP from Construction 10929.00 10868.00 EUR Million Sep 2024
GDP from Manufacturing 24834.00 24497.00 EUR Million Sep 2024
GDP from Mining 798.00 812.00 EUR Million Sep 2024
GDP from Public Administration 16586.00 14215.00 EUR Million Jun 2024
GDP from Services 43255.00 42798.00 EUR Million Sep 2024
GDP from Transport 9579.00 8466.00 EUR Million Jun 2024
GDP from Utilities 1302.00 1255.00 EUR Million Sep 2024
GDP Growth Rate 0.80 1.00 percent Sep 2024
Gross Fixed Capital Formation 47615.00 47342.00 EUR Million Jun 2024
Gross National Product 279456.00 272615.00 EUR Million Jun 2024

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
0.80 1.00 6.60 -8.40 1988 - 2024 percent Quarterly


News Stream
Dutch Economy Grows 0.8% in Q3
The Netherlands' economy grew by 0.8% quarter-on-quarter in Q3 2024, slowing from an upwardly revised 1.1% in the previous quarter, preliminary estimates showed. This growth was primarily driven by household and government consumption, both up 0.8%. Households spent more on clothing, home furnishings, and energy, while government spending increased, notably in healthcare and public administration. Fixed asset investments rose 0.7%, focused on housing and machinery. Exports of goods and services increased by 0.4%, but imports rose more sharply at 0.6%, leading to a 1.0% decline in the trade balance. Year-on-year, Dutch GDP expanded by 1.7%, improving from 0.8% growth in the previous quarter.
2024-11-14
Dutch Q2 GDP Growth Rate Confirmed at 1%
The Netherlands’ economy expanded by 1% quarter-on-quarter in the three months to June 2024, consistent with preliminary estimates and rebounding from a 0.3% drop in the previous quarter. It marked the sharpest economic expansion since the second quarter of 2022, largely supported by a positive contribution from net trade. Exports of goods and services advanced by 1.7%, while imports rose at a softer rate of 0.9%. In addition, government spending expanded by 1.2%, attributed to increased spending on healthcare, public administration, and asylum seeker reception. Fixed asset investments also grew by 0.6%, driven by substantial rises in transportation, housing, and machinery. Meanwhile, household consumption fell by 1%, influenced by decreased spending on food, luxury items, energy, and hospitality. On a yearly basis, Dutch GDP grew by 0.8%, recovering from a 0.6% contraction in the preceding quarter.
2024-09-23
Dutch Economy Expands the Most in 2 Years
The Netherlands' economy expanded by 1% quarter-on-quarter in the three months to June 2024, rebounding from a revised 0.3% decline in the previous quarter, preliminary estimates showed. This marks the sharpest economic growth since the second quarter of 2022, primarily driven by a positive contribution from net trade. Exports of goods and services increased by 1.3%, while imports rose at a slower rate of 0.4%. Additionally, government spending grew by 1%, due to higher expenditures on health care, public administration, and asylum seeker reception. Fixed asset investments also rose by 0.4%, with significant increases in transport, housing, and machinery. Meanwhile, household consumption dropped by 1%, driven by reduced spending on food, luxury goods, energy, and hospitality. On a yearly basis, Dutch GDP grew by 0.8%, recovering from a revised 0.6% decline in the prior quarter.
2024-08-14