Netherlands GDP Growth Rate

The Netherland’s economy fell 0.1% on quarter in the three months to March 2024, consistent with preliminary estimates and returning to contraction after a downwardly revised 0.3% expansion in the previous period. The slight decline was primarily due to a persistent drop in inventories (-0.7% vs -0.6% in Q4) and a negative impact from net trade, as exports decreased by 0.1% (vs -0.1%), while imports remained unchanged (vs 0.2%). Meanwhile, household consumption saw a slowdown (0.7% vs 2.0%), and government spending remained steady (0.6%). In contrast, fixed investments experienced a 0.4% rebound, reversing a two-quarter decline, driven by higher investments in transport and machinery. On a yearly basis, Dutch GDP shrank 0.7%, in line with flash data, slipping further from a 0.4% drop in the prior quarter. source: Statistics Netherlands The Gross Domestic Product (GDP) in Netherlands contracted 0.10 percent in the first quarter of 2024 over the previous quarter. GDP Growth Rate in Nethe...