Second estimate fourth quarter 2010: Dutch economic growth 2.5 percent

24/03/2011 09:30

The Dutch economy grew by 2.5 percent in the fourth quarter of 2010 compared with the same quarter in the previous year. This second estimate of economic growth is 0.1 of a percent point higher than the first estimate published on 15 February. On the production side of the economy, the increase in manufacturing, trade, transport and communication was slightly larger than previously estimated. The increase in financial and business services was adjusted downwards on the other hand. The decreases in agriculture and in construction have become slightly larger as a result of a downward adjustment. The main upward adjustment was on the expenditure side of the economy, for the trade surplus in services. This surplus is higher than previously estimated. The increase in consumption expenditure by households and by the government is slightly lower than in the first estimate. The upward adjustment in the fourth quarter puts the estimate of economic growth for 2010 as a whole at 1.8 percent.  This is 0.1 of a percent point higher than in the estimate of 15 February.

Quarter-on-quarter growth 0.6 percent

Dutch economic growth in the fourth quarter was 0.6 percent compared with the previous quarter. This figure has been corrected for working day and seasonal effects. This quarter-on-quarter growth is the same as in the first estimate.

StatLine, economic growth