The Gross Domestic Product (GDP) in Netherlands was worth 1227.54 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Netherlands represents 1.16 percent of the world economy. This dataset provides the latest reported value for - Netherlands GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

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.

Graph and download economic data for Real Gross Domestic Product for Netherlands (CLVMNACNSAB1GQNL) from Q1 1995 to Q1 2025 about Netherlands, real, and GDP.

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.

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

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.

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.

Key information about Netherlands Real GDP Growth

• The Gross Domestic Product (GDP) in Netherlands expanded 2.1 % YoY in Mar 2023, following a growth of 3.4 % in the previous quarter.
• Real GDP Growth YoY data in Netherlands is updated quarterly, available from Mar 1997 to Mar 2023, with an average rate of 2.1 %.
• The data reached an all-time high of 10.3 % in Jun 2021 and a record low of -8.5 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Statistics Netherlands provides Real GDP in EUR, at chain linked 2015 prices.


Related information about Netherlands Real GDP Growth

• In the latest reports, Nominal GDP of Netherlands reached 265.2 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 7.0 % in Mar 2023.
• GDP Per Capita in Netherlands reached 57,578.3 USD in Dec 2021.
• Its Gross Savings Rate was measured at 22.6 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 20.6 % in Mar 2023.
• Public Consumption accounted for 24.9 % in Mar 2023.
• Private Consumption accounted for 44.9 % in Mar 2023.

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).

Netherlands NL: GDP data was reported at 733,168.000 EUR mn in 2017. This records an increase from the previous number of 702,641.000 EUR mn for 2016. Netherlands NL: GDP data is updated yearly, averaging 238,666.993 EUR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 733,168.000 EUR mn in 2017 and a record low of 21,169.568 EUR mn in 1960. Netherlands NL: GDP 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: Nominal. 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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The Gross Domestic Product per capita in Netherlands was last recorded at 51471.05 US dollars in 2024. The GDP per Capita in Netherlands is equivalent to 408 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.

In 2024, the share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in the Netherlands amounted to approximately 0.75 percent. Between 1980 and 2024, the figure dropped by around 0.55 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the share will steadily decline by about 0.07 percentage points from 2024 to 2030.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.

Netherlands NL: GDP: % of GDP: Gross Value Added: Industry data was reported at 17.528 % in 2017. This records a decrease from the previous number of 17.958 % for 2016. Netherlands NL: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 24.947 % from Dec 1969 (Median) to 2017, with 49 observations. The data reached an all-time high of 36.620 % in 1969 and a record low of 17.528 % in 2017. Netherlands NL: GDP: % of GDP: 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.WDI: Gross Domestic Product: Share of GDP. 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 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Key information about Netherlands Nominal GDP

• Netherlands Nominal GDP reached 272.1 USD bn in Mar 2023, compared with 253.3 USD bn in the previous quarter.
• Nominal GDP in Netherlands is updated quarterly, available from Mar 1988 to Mar 2023, with an average number of 172.1 USD bn.
• The data reached an all-time high of 272.1 USD bn in Mar 2023 and a record low of 57.1 USD bn in Sep 1988.

CEIC converts quarterly Nominal GDP into USD. Statistics Netherlands provides Nominal GDP in EUR based on SNA 2008/ESA 2010. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 1995 is based on SNA 1993/ESA 1995.


Related information about Netherlands Nominal GDP

• In the latest reports, Netherlands GDP expanded 2.2 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 7.2 % in Mar 2023.
• Netherlands GDP Per Capita reached 56,590.5 USD in Dec 2022.
• Its Gross Savings Rate was measured at 30.5 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 20.0 % in Mar 2023.
• Public Consumption accounted for 24.3 % in Mar 2023.
• Private Consumption accounted for 44.3 % in Mar 2023.

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.

Netherlands NL: Gross Domestic Product (GDP): Current PPP data was reported at 1,398.445 USD bn in 2023. This records an increase from the previous number of 1,319.462 USD bn for 2022. Netherlands NL: Gross Domestic Product (GDP): Current PPP data is updated yearly, averaging 554.119 USD bn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 1,398.445 USD bn in 2023 and a record low of 165.710 USD bn in 1981. Netherlands NL: Gross Domestic Product (GDP): Current PPP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Netherlands – Table NL.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual.

In the Netherlands, beginning with the 2013 data, the following methodological improvements led to breaks in series in the business sector (increase), the government sector (decrease), and at the total economy level (increase): better collection and treatment methods for measuring and reporting R&D expenditures related to external R&D personnel (alignment with the 2015 Frascati Manual); reclassification from the government to the business sector of public corporations engaged in market production; and a better follow-up of non-respondents. In 2012, the method for sampling enterprises included in ISIC industries 84 to 99 (community, social, and personal services) as well as the breakdown of personnel data by occupation were modified leading to breaks in series in the business and government sectors. In 2011, the method for producing business enterprise data changed: all observed enterprises are included whereas before 2011, only enterprises with substantial R&D activities (i.e. with a minimum number of R&D personnel) were incorporated. Subsequent changes affected the higher education sector: before 1999, a large number of PhD candidates were formally employed by research institutes (in the government sector) financing their research. From 1999, universities became the formal employer of PhD candidates and their research activities moved from the Government sector to the Higher Education sector. Besides this, the R&D activities of the Universities of Applied Sciences (HBO) were taken into account for the first time. Finally the R&D activities of the Academic hospitals were increasingly underestimated due to the merging of the Academic hospitals and (parts) of the Faculties of Medicine of the universities into so-called University Medical Centers (UMC's). This started in 1998 and meant for instance that staff of the Faculty of Medicine of the university became employees of the UMC. As a result, data on R&D in the field of medical sciences were also revised. As of 2000, newly-recruited researchers on the payroll of the Netherlands Organisation for Scientific Research (NOW), previously included in the Government sector, were included with personnel in the higher education sector. In 1982 and 1990, the methodology of the survey on R&D expenditure changed.

In 2003, Statistics Netherlands revised the panel of the R&D survey for the Government and PNP sectors, resulting in breaks in series for both. Also beginning in 2003, R&D personnel in the PNP sector are grouped with Government sector R&D personnel.

In 1994 and 1996 there were major expansions of the scope of the Business Enterprise sector survey; R&D expenditure and personnel data in the latter sector and in the whole economy are thus not comparable with those for the previous years.

In 1990 and 1999, new methods for calculating GUF are introduced for GBARD series.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Netherlands (NAEXKP01NLQ657S) from Q2 1988 to Q1 2025 about Netherlands, real, and GDP.

This table provides data from Quarterly National Accounts (QNA) of Statistics The Netherlands. It contains 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.

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.