Recovery Dutch economy continues

24/03/2011 15:00

The Dutch economy grew by 2.5 percent in the fourth quarter of 2010 compared to the same period in 2009. If the working-day pattern and the effects of seasonal variation are taken into account, the gross domestic product (GDP) grew by 0.6 percent in the fourth quarter compared with the third quarter.

Exports and imports were 11.1 and 10.3 percent higher respectively in the fourth quarter than one year previously. Household consumption picked up again and rose by 1.3 percent from one year previously, partly due to higher car sales and higher natural gas consumption caused by the harsh weather conditions. Government consumption increased by 1.0 percent, marginally below the level of the previous quarters. For the first time in two years, fixed capital formation grew again (0.7 percent). 

Producers of goods generated 3.1 percent more output than one year previously. Manufacturing industry and mineral extraction performed remarkably well. Output in the construction sector was still below the level of the same period twelve months previously, but the trend is upwards.

The Dutch economy grew by 1.8 percent over the entire year 2010, partly offsetting the economic contraction of 3.9 percent in 2009.

Disposable for final expenditure and final expenditure (volume)

Disposable for final expenditure and final expenditure (volume)

More figures can be found in the Business cycle dossier.