Netherlands GDP Growth Rate

Last Release

Dec 31, 2024

Actual

0.4

Units In

0.8

Frequency

Quarterly

Next Release

Jun 24, 2025

Time to Release

1 Months 23 Days 14 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' GDP rose 0.1% in Q1 2025 from the previous quarter, slowing from a 0.4% increase in Q4 2024 and marking a continued deceleration over the past year, preliminary estimates showed. Growth was driven by a smaller reduction in inventories and a 0.5% rise in government consumption, mainly due to higher healthcare spending and public sector hiring. However, household consumption fell 0.2%, with lower spending on food, luxury items, and transport. Fixed asset investment dropped 2.2%, especially in passenger cars and vans, following tax changes and new environmental zone rules. Exports declined 0.8%, led by industrial goods, while imports dipped just 0.1%, narrowing the trade surplus. Value added increased in most sectors, with the energy sector up 5.8%. Government and healthcare also contributed positively due to their size. However, mining, agriculture, business services, and industry saw declines. Year-on-year, GDP grew 2.0%.