Economy grows by 0.9 percent

31/03/2014 09:30

If the working-day pattern and the effects of seasonal variation are taken into account, the Dutch economy grew by 0.9 percent in the fourth quarter of 2013 relative to the preceding quarter. In the third quarter, the volume of the gross domestic product was 0.3 percent up from the preceding quarter.

Gross domestic product, seasonally and calendar adjusted

Gross domestic product, seasonally and calendar adjustedIn the fourth quarter of 2013, Dutch economic growth was 0.8 percent relative to the same period in 2012. Fixed capital formation was 6.7 percent up from twelve months previously. The volume of exports of goods and services was 1.0 percent up. The volume of imports increased by 0.2 percent. Household spending was down by 0.6 percent relative to twelve months previously. Government consumption declined by 0.5 percent.

Output realised by producers of goods was 2.3 percent higher than twelve months previously. Manufacturing output was 2.4 percent higher. Output generated by the sector construction increased 2.7 percent. Production generated by providers of commercial services was 0,9 percent higher than in the fourth quarter of 2012, but production in the sector non-commercial services fell by 0.9 percent.

The figures referred to in this update have been adjusted in accordance with the second estimate of economic growth and the economic growth indicators in the fourth quarter of 2013. They may have been revised compared to the first estimate released on 14 February 2014. The figures on economic growth in the first, second and third quarter of 2013 have also been revised.

Disposable for final expenditure and final expenditure (volume)

Disposable for final expenditure and final expenditure (volume)

More figures can be found in dossier Business cycle.

For more information on economic indicators, the reader is referred to the Economic Monitor.