The Gross Domestic Product (GDP) in Netherlands expanded 0.40 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Netherlands GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth of the real gross domestic product (GDP) in the Netherlands was about 0.98 percent in 2024. From 1981 to 2024, the growth rose by approximately 1.49 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the growth will rise by around 0.27 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Full Year GDP Growth in Netherlands increased to 1 percent in 2024 from 0.10 percent in 2023. This dataset includes a chart with historical data for Netherlands Full Year GDP Growth.

According to quarterly pulse monitors, the Dutch economy will face a recession in 2020 due to the coronavirus and geopolitical events. This according to one of five sources in the Netherlands that presented an economic outlook for 2020. From 2018 to 2019, GDP in the Netherlands showed a *** percent growth. On March 9, 2020, Rabobank economists calculated that a *** percent of GDP growth was expected for 2020. The source originally noted, however, that this is not only due to the coronavirus outbreak. The Netherlands also was going to feel the future effects of the United Kingdom leaving the EU, as the UK was one of the Netherlands’ biggest trading partners. During March 2020, the Dutch economy was also negatively impacted by events such as the U.S. -China trade war or the sudden drop in oil prices. By June 2020, the *** percent GDP growth forecast was revised to minus *** percent.

Is COVID-19 going to have a bigger impact in the Netherlands than in other European countries?

According to a forecast from the European Commission conducted in July 2020, the Dutch economy suffered a GDP hit of *** percent quarter-to-quarter in Q1 2020. In addition, a projected quarterly GDP decline of **** percent was estimated in Q2 2020. Real GDP for the year 2020 was predicted to decline by **** percent, a figure that was lower than real GDP losses predicted for other European countries. While the Netherlands successfully adopted emergency measures to protect employment, it was expected that the Dutch economy would be affected by lower private consumption and exports. Economic consequences in the Netherlands were predicted to be not as negative as in other countries. Belgium, for instance, was expected to face a GDP loss of **** percent.

Back to reality: Dutch economic consequences so far

The coronavirus and its resulting quarantine measures caused, the largest decrease in domestic household consumption in the Netherlands in over 20 years. Restaurants were believed to be especially hit by the pandemic, whereas expenditure on food, beverages, and tobacco went up. Furthermore, between May and June 2020, the monthly unemployment rate of the Netherlands increased greatly. In January 2020, the seasonally adjusted unemployment rate for ages 15 until 75 years stood at ***** percent, whereas by July it had increased to *** percent.

The Gross Domestic Product (GDP) in Netherlands expanded 2.20 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Netherlands GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This table contains information of the Regional accounts. Regional accounts give a description of the economic process in the regions of a country in conformity with the national accounts. Elements in the economic process distinguished in national accounts are production, distribution of income, spending and financing. Regional accounts focus on the description of the production processes in the various regions. The new Standard Industrial Classification 2008 (SIC 2008) is used in the National and Regional Accounts of the Netherlands. This code is based on the European classification Nomenclature générale des Activités économiques dans la Communauté Européenne (NACE Rev. 2) which is used in all Member States of the European Union. Data available from: 1996 Status of the figures: The years 1996 to 2022 are final, from the year 2023 onwards is provisional. Changes as of 24 April 2025: The flash estimate for the reporting year 2024 has been added. Changes as of December 9th 2024: This is a new table. Statistics Netherlands has carried out a revision of the national accounts. The Dutch national accounts are recently revised. New statistical sources, methods and concepts are implemented in the national accounts, in order to align the picture of the Dutch economy with all underlying source data and international guidelines for the compilation of the national accounts. This table contains revised data. For further information see section 3. When will new figures be published? The final figures for 2023 will be added in December 2025.

The Netherlands: Economic growth: the rate of change of real GDP: The latest value from 2024 is 0.98 percent, an increase from 0.07 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for the Netherlands from 1961 to 2024 is 2.76 percent. The minimum value, -3.87 percent, was reached in 2020 while the maximum of 8.64 percent was recorded in 1965.

This table provides quarterly and annual data on production, expenditures, income and external economic transactions of The Netherlands.

Data available from 1995.

Status of the figures: Annual data of the period 1995-2021 are final. Quarterly data from 2021 are provisional. Since this table has been discontinued, provisional data will not become final.

Changes as of June 24th 2024: None. This table has been discontinued. Statistics Netherlands has carried out a revision of the national accounts. The Dutch national accounts are recently revised. New statistical sources, methods and concepts are implemented in the national accounts, in order to align the picture of the Dutch economy with all underlying source data and international guidelines for the compilation of the national accounts. This table contains revised data. For further information see section 3.

When will new figures be published? Not applicable anymore.

In June 2020, the five foremost Dutch economic forecasts presented different and uncertain economic outlooks for the rest of the year as the coronavirus spread. All banks as well as the Netherlands Bureau for Economic Policy predicted big declines in Dutch GDP for their base scenarios. These scenarios usually stated that the government measures in the Netherlands would be (partially) lifted at the end of May 2020, so that the economy could pick up again from June onwards. All sources, however, emphasized the large uncertainty surrounding these predictions. This is probably best seen in how much the numbers differ, but also in the numbers seen in the alternative scenarios, when restrictions either are not lifted in June or when they return in the autumn (in the event of a second outbreak of COVID-19). Dutch GDP could then decline by up to ** percent.

This statistic shows the gross domestic product (GDP) in the Netherlands from 1987 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2024, the GDP in the Netherlands was around 1,227.17 billion U.S. dollars. Economy of the Netherlands As of 2014, the Netherlands have maintained a relatively stable gross domestic product (GDP), after experiencing a drop off in 2009. GDP per capita also followed a similar trend, reaching a decade high in 2008, before dwindling due to the global economic crisis. GDP per capita is useful when comparing economical situations of different countries and often illustrates each country’s productivity as well as the standard of living. In 2014, the Netherlands sufficient economic performance earned them a spot as one of the top 20 countries with the highest GDP per capita. From an employment standpoint, the Netherlands maintained a low unemployment rate, with its percentage hovering roughly around 5 percent or lower. In 2008, the Netherlands had its lowest unemployment rate over a 10 year span from 2004 to 2014; however like with many other countries around the world, the financial crisis had a negative affect on work opportunities around the country, causing considerable unemployment spikes in the following years.

Historical chart and dataset showing Sint Maarten (Dutch part) economic growth by year from 2009 to 2023.

Regional accounts give a description of the volume of the economic process in the various regions of a country consistent with national accounts. Elements in the economic process distinguished in national accounts are production, distribution of income, spending and financing. Regional accounts focus on the description of the production processes in the various regions.

Data available from: 1995

Status of the figures: The figures of the years 1995 to 2020 are final. Data of the year 2021 are also final, but the figures of the variables Full-time equivalent (fte), Employed persons and Hours worked are an exception, due to the late availability of annual data on self-employed persons. These final figures are published a year after. The figures of the year 2022 are provisional. Since this table has been discontinued, data of 2022 will not become final.

Changes as of December 9th 2024: None. This table has been discontinued. Statistics Netherlands has carried out a revision of the national accounts. The Dutch national accounts are recently revised. New statistical sources, methods and concepts are implemented in the national accounts, in order to align the picture of the Dutch economy with all underlying source data and international guidelines for the compilation of the national accounts. For further information see section 3.

When will new figures be published? Not applicable anymore.

Economic growth, quarterly in the Netherlands, March, 2025 The most recent value is 0.4 percent as of Q1 2025, a decline compared to the previous value of 0.5 percent. Historically, the average for the Netherlands from Q2 1996 to Q1 2025 is 0.49 percent. The minimum of -8.3 percent was recorded in Q2 2020, while the maximum of 6.5 percent was reached in Q3 2020. | TheGlobalEconomy.com

This table presents the outcomes of the Dutch growth accounts. The growth accounts show the contributions of the different production factors to the economic growth. This helps to determine which part of production growth is explained by a change in input of capital (K), labour (L), energy (E), materials (M) or services (S). The results of the growth accounts also show the contribution of multi-factor productivity. This is the part of economic growth that cannot be attributed to one of the production factors. Disaggregated data, labour and capital productivity are also published in this table. The data on consolidated production and consumption are not available for the years 1995-2020. This is due to the lack of an input-output table with volume changes for these reporting years. Data available from: 1995. Status of the figures: Data for the reporting years 2022 and 2023 are provisional. Changes as of 20 December 2024: None, this is a new table. Statistics Netherlands has carried out a revision of the national accounts. The Dutch national accounts are recently revised. New statistical sources, methods and concepts are implemented in the national accounts, in order to align the picture of the Dutch economy with all underlying source data and international guidelines for the compilation of the national accounts. This table contains revised data. For further information see section 3. When will new figures be published? Provisional data are published around 9 months after the end of the reporting year. Final data are released 33 months after the end of the reporting year.

In 2021, the Dutch Gross Domestic Product (GDP) was 856.36 billion euros, around 60 billion higher than the previous year. The GDP of the Netherlands increased every year apart from 2008 to 2009 and 2019 to 2020 following the 2008 financial crisis.

Does the Dutch GDP follow the same trend as GDP per capita?

The GDP per capita of the Netherlands sees a somewhat similar pattern to the GDP, as it has increased significantly over the past decades. The GDP per capita differs from the GDP because it fluctuates notably more. While GDP only decreased once since 1960, the GDP per capita decreased more frequently, especially between 2008 and 2015.

How does the GDP of the Netherlands compare to the rest of Europe?

The Netherlands had the sixth-largest in GDP in Europe in 2020, despite being only the 11th most populated country in 2021. With a GDP of 799 billion euros, the Netherlands is one place above Switzerland with 656 billion euros and one place below Spain with 1,122 billion euros. Germany has the highest GDP in Europe with 3,336 billion euros, more than four times as high as that of the Netherlands

This table presents annual data on the output components, the final expenditure categories and the income components of gross domestic product of the Netherlands. In the national accounts gross domestic product is approached from three points of view: from the output, from the generation of income and from the final expenditure. Gross domestic product is a main macroeconomic indicator. The volume change of gross domestic product is a measure for the economic growth of a country. Data available from: 1995. Status of the figures: Data from 1995 up to and including 2022 are final. Data of 2023 are provisional. Changes as of June 24th 2024: This is a new table. Statistics Netherlands has carried out a revision of the national accounts. The Dutch national accounts are recently revised. New statistical sources, methods and concepts are implemented in the national accounts, in order to align the picture of the Dutch economy with all underlying source data and international guidelines for the compilation of the national accounts. This table contains revised data. For further information see section 3. When will new figures be published? Provisional data are published 6 months after the end of the reporting year. Final data are released 18 months after the end of the reporting year.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in the Netherlands from 2013 to 2023. In 2023, agriculture contributed around 1.72 percent to the GDP of the Netherlands, 18.75 percent came from the industry and 69.65 percent from the service sector.

The gross domestic product (GDP) per capita in the Netherlands stood at about 68.39 thousand U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by approximately 54.62 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 13.64 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

The economic consequences of COVID-19 in the Netherlands worsened between initial outlooks in ********** and the latest one from *********. This according to possibly the most important of five sources in the Netherlands who presented economic outlooks, as the numbers provided here come from an official body that is used by the Dutch government to calculate their policies. Originally, this CPB or Netherlands Bureau for Economic Policy Analysis believed Dutch GDP to decrease by **** percent. Three months later, this was adjusted to minus *** percent in the base scenario.

The numbers shown are from four possible scenarios that were originally released at the end of March, 2020, all based on how long emergency measures from the Dutch government to counter the coronavirus would be in place. The source back then stated very strongly that these numbers are not official forecasts, but rather estimates of how big the economic impact of the pandemic could potentially be. At the time of its original release, there were too many unknowns to come to a full forecast. In *********, the source expressed the same uncertainty, citing "considerable uncertainty about the course of the pandemic and the rate of recovery of the economy". This opinion was also voiced by Dutch bank Rabobank in **********, which also attempted a GDP growth outlook with the coronavirus in mind for the Netherlands.

This table shows basic figures on population and economic development for sixty countries. It concerns the following elementary indicators: - Gross Domestic Product; - Gross Domestic Product per capita; - Exports of goods and services; - Exports of high-tech goods; - Incoming Foreign Direct Investments; - Value added in services; - Population size. These indicators give an overall picture of the economic size and trade position of a country. The national economic development defines the basic climate within which companies develop their activities. A good economic development ensures a favourable investment climate in which enterprises can function well. Note: Comparable definitions are used to compare the figures presented internationally. The definitions sometimes differ from definitions used by Statistics Netherlands. The figures in this table could differ from Dutch figures presented elsewhere on the website of Statistics Netherlands. Data available from 1990 - 2009. Status of the figures: All figures are final. Changes as of April 2019: This table has been discontinued. When will new figures be published? No longer applicable.