Netherlands Economy, Politics and GDP Growth Summary

Map of Netherlands

In brief

The election in early 2017 produced a fragmented result, with the centre-right People’s Party for Freedom and Democracy (VVD) remaining the largest party. Following six months of coalition negotiations a centre-right coalition was sworn in but it has no majority in either house of parliament and is thus vulnerable. After strong growth of 2.8% from 2017-18 we estimate slower growth of 1.8% in 2019, before a forecasting a slowdown to 1.7% in 2020, as a sluggish regional outlook weighs on exports.

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Economic growth

Economic growth

(% unless otherwise indicated)
US GDP 2.3 1.7 1.8
OECD GDP 1.6 1.5 1.8
World GDP 2.2 2.3 2.7
World trade 0.8 2.3 3.5
Source: The Economist Intelligence Unit

Expenditure on GDP

Private consumption

2020=1.5, 2021=1.7

Government consumption

2020=1.7, 2021=2.0

Gross fixed investment

2020=2.9, 2021=2.0

Exports of goods & services

2020=2.2, 2021=2.6

Imports of goods & services

2020=2.5, 2021=2.8

Source: The Economist Intelligence Unit

Origin of GDP

Agriculture

2020=0.5, 2021=0.7

Industry

2020=1.6, 2021=1.4

Services

2020=1.7, 2021=1.9

Source: The Economist Intelligence Unit

Source

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