Netherlands Full Year GDP GrowthNetherlands Full Year GDP GrowthNetherlands Full Year GDP Growth

Netherlands Full Year GDP Growth

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Key data points

Last release
Observation period
2023
Next release
Forecast
Highest
6.20% on Dec 31, 2021
Lowest
−3.90% on Dec 31, 2020

About Netherlands Full Year GDP Growth

Category
GDP
Frequency
Annual
Units
%
The Netherlands is the sixth-largest economy in the Euro Zone and an 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).