The Gross Domestic Product (GDP) in Netherlands contracted 0.50 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Netherlands averaged 2.20 percent from 1989 until 2020, reaching an all time high of 6.10 percent in the fourth quarter of 1999 and a record low of -4.60 percent in the second quarter of 2009. 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). This page provides – Netherlands GDP Annual Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.