Netherlands GDP Growth Rate

Last Release

Sep 30, 2024

Actual

0.8

Units In

Frequency

Quarterly

Next Release

Mar 26, 2025

Time to Release

2 Months 28 Days 16 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 0.8% quarter-on-quarter in the three months to September 2024, in line with preliminary estimates but slowing from a revised two-year high of 1.1% in the previous period. The slowdown was driven by a softer growth in government spending (0.8% vs. 1%) and fixed asset investments (0.4% vs. 0.7%). Net trade also weighed on GDP as imports rose 0.8% (vs. 1.1%), while exports grew more slowly at 0.5% (vs. 1.7%). Meanwhile, household consumption rebounded by 0.9%, recovering from a 0.7% contraction in the prior quarter. On an annual basis, Dutch GDP expanded 1.7%, the sharpest growth since the first quarter of 2023, consistent with initial estimates and picking up from 0.8% in the previous quarter.