The Gross Domestic Product (GDP) in Netherlands expanded 0.40 percent in the fourth quarter of 2024 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 forecast to increase between 2024 and 2029 by in total 0.8 percentage points. This overall increase does not happen continuously, notably not in 2028 and 2029. The growth is estimated to amount to 1.42 percent in 2029. Following the definition of the International Monetary Fund, this indicator refers to 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.Find more key insights for the growth of the real gross domestic product (GDP) in countries like France, Belgium, and Luxembourg.

The Gross Domestic Product (GDP) in Netherlands expanded 1.90 percent in the fourth quarter of 2024 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.

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 1.8 percent growth. On March 9, 2020, Rabobank economists calculated that a 0.7 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 0.7 percent GDP growth forecast was revised to minus 5.7 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 1.5 percent quarter-to-quarter in Q1 2020. In addition, a projected quarterly GDP decline of 11.5 percent was estimated in Q2 2020. Real GDP for the year 2020 was predicted to decline by 6.75 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 8.75 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 three percent, whereas by July it had increased to 4.4 percent.

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 figures of year 1996 up to and including 2022 are final and the figures of the year 2023 are provisional.

Changes as of December 23rd 2024: The figures for the volume changes of gross value added in some branches, as well as the volume changes of total gross value added and GDP on regional level were incorrect. This is corrected in this publication. The national figures for the Netherlands remain unchanged.

Changes as of December 9th 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? In April 2025 the flash estimates for the reporting year 2024 will become available.

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.

Netherlands NL: GDP: Growth: Gross Value Added: Industry data was reported at 3.150 % in 2017. This records an increase from the previous number of 2.746 % for 2016. Netherlands NL: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 1.443 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 14.189 % in 1970 and a record low of -7.736 % in 2009. Netherlands NL: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Netherlands – Table NL.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Netherlands NL: GDP: Growth data was reported at 3.162 % in 2017. This records an increase from the previous number of 2.210 % for 2016. Netherlands NL: GDP: Growth data is updated yearly, averaging 2.741 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 8.643 % in 1965 and a record low of -3.768 % in 2009. Netherlands NL: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Netherlands – Table NL.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

This statistic shows the gross domestic product (GDP) in the Netherlands from 1987 to 2023, with projections up until 2029. 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 2023, the GDP in the Netherlands was around 1,154.69 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.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

Netherlands NL: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at 2.545 % in 2017. This records an increase from the previous number of 1.667 % for 2016. Netherlands NL: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 2.103 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 7.162 % in 1965 and a record low of -4.261 % in 2009. Netherlands NL: GDP: Growth:(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Netherlands – Table NL.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

This statistic displays the total government expenditure as share of GDP in the Netherlands from 1995 to 2021. It shows that in 2021, government expenditure made up 46.6 percent of GDP in the Netherlands.

Netherlands NL: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 4.363 % in 2017. This records an increase from the previous number of 3.021 % for 2016. Netherlands NL: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 2.544 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 6.710 % in 1984 and a record low of -10.830 % in 2009. Netherlands NL: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Netherlands – Table NL.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Netherlands gdp growth rate for 2023 was 0.12%, a 4.21% decline from 2022.

• Netherlands gdp growth rate for 2022 was 4.33%, a 1.86% decline from 2021.
• Netherlands gdp growth rate for 2021 was 6.19%, a 10.08% increase from 2020.
• Netherlands gdp growth rate for 2020 was -3.89%, a 5.84% decline from 2019.

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

The Gross Domestic Product per capita in Netherlands was last recorded at 51305.63 US dollars in 2023. The GDP per Capita in Netherlands is equivalent to 406 percent of the world's average. This dataset provides the latest reported value for - Netherlands GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Netherlands NL: GDP: Growth: Adjusted Net National Income data was reported at 1.772 % in 2016. This records a decrease from the previous number of 3.467 % for 2015. Netherlands NL: GDP: Growth: Adjusted Net National Income data is updated yearly, averaging 2.011 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 6.730 % in 1973 and a record low of -2.709 % in 2009. Netherlands NL: GDP: Growth: Adjusted Net National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Netherlands – Table NL.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

This statistic shows the total monthly number of bankruptcies in the Netherlands from January 1981 to December 2024. In November 2024, 348 bankruptcies were issued in the Netherlands. This was a decrease from the bankruptcies reached in the previous month.

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.

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

Graph and download economic data for Real Gross Domestic Product for Netherlands (CLVMNACNSAB1GQNL) from Q1 1995 to Q4 2024 about Netherlands, real, and GDP.