Netherlands GDP Growth Rate

Last Release

Dec 31, 2024

Actual

0.4

Units In

0.8

Frequency

Quarterly

Next Release

Mar 26, 2025

Time to Release

1 Months 8 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
7.5 Sep 2020	-8.4 Jun 2020	0.52 %	1988-2024	Statistics Netherlands

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).

Latest Updates

The Netherlands’ economy expanded by 0.4% quarter-on-quarter in the last three months of 2024, following a 0.8% growth in Q3, driven by the trade balance, investments, and consumption, preliminary data showed. Exports of goods and services rose by 0.4%, led by machinery, natural gas, and electricity, while imports fell by 0.6%, notably due to reduced natural gas imports as stocks were drawn down. The trade balance surged by over 7%. Investments in fixed assets grew by 3%, particularly in cars and vans, influenced by upcoming tax changes and new environmental regulations. Aircraft investments also increased. Government and household consumption both rose by 0.9%, with higher spending on healthcare and vehicles. Added value grew in nearly all sectors, with agriculture, forestry, and fisheries leading at 5.8%. The government sector, especially healthcare and public administration, made the largest contribution to growth, followed by industry, driven by machinery and food production.