Netherlands – GDP 1Q2014

by Eduardo Petazze

In 1Q2014 GDP of the Netherlands fell by 0.46% Y/Y (-1.37% Q/Q).With weak domestic demand, only one rebound in investment and exports could turn the current trend of stagnation, which is

estimated at a fall in 2014 of 0.64%, compared with -0.82% in 2013

Link: Lower gas consumption has negative effect on Dutch economy – pdf, 2 pagesSummaryGross data

Seasonally adjusted data

NSA, (2005) million euros 2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4GVA 120,284 123,791 118,996 126,603 119,890 123,192 118,349 125,569

Taxes less subsidies on products 13,466 13,291 12,579 14,140 13,259 13,144 12,366 13,785GDP 133,727 137,067 131,537 140,694 133,115 136,336 130,715 139,388

Final consumption expenditure - households 59,325 58,504 58,748 59,283 58,110 57,347 57,626 57,987Final consumption expenditure - NPISH 1,127 1,251 1,197 1,225 1,111 1,233 1,185 1,217Final consumption expenditure - government 35,401 39,130 35,639 38,304 35,424 39,109 35,621 38,248Gross capital formation 21,284 24,662 21,246 26,584 22,325 24,102 20,736 25,004

Gross fixed capital formation 21,242 23,458 20,616 25,399 22,575 24,030 20,568 24,366Exports of goods and services 116,273 115,784 115,149 119,212 117,903 117,058 117,373 121,242Imports of goods and services 99,690 102,391 100,326 103,768 101,508 103,036 101,568 104,186

Y/Y 2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4GVA -1.38% -1.23% -0.28% 0.83% -0.33% -0.48% -0.54% -0.82%

Taxes less subsidies on products -5.79% -5.82% -3.51% 0.85% -1.54% -1.11% -1.69% -2.51%GDP -1.85% -1.69% -0.60% 0.83% -0.46% -0.53% -0.62% -0.93%

Final consumption expenditure - households -2.52% -2.45% -2.86% -0.59% -2.05% -1.98% -1.91% -2.19%Final consumption expenditure - NPISH -1.66% -0.48% -0.42% -1.53% -1.42% -1.40% -1.03% -0.69%Final consumption expenditure - government 0.16% 0.03% -0.45% -0.49% 0.06% -0.05% -0.05% -0.15%Gross capital formation -14.54% -8.44% -7.15% 2.67% 4.89% -2.27% -2.40% -5.94%

Gross fixed capital formation -12.13% -9.17% -4.18% 6.70% 6.28% 2.44% -0.23% -4.07%Exports of goods and services 1.36% 0.90% 2.20% 1.03% 1.40% 1.10% 1.93% 1.70%Imports of goods and services -0.75% -0.16% -0.11% 0.17% 1.82% 0.63% 1.24% 0.40%Last dataOwn estimate

SAWD, (2005) million euros 2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4GVA 122,261 122,086 122,467 123,304 121,844 121,616 121,565 121,975

Taxes less subsidies on products 13,273 13,241 13,361 13,614 13,214 13,009 13,060 13,270GDP 135,479 135,494 135,645 136,953 135,075 134,625 134,625 135,228

Final consumption expenditure - households 59,576 59,045 58,693 58,551 58,284 57,924 57,531 57,332Final consumption expenditure - NPISH 1,206 1,205 1,199 1,189 1,188 1,190 1,187 1,181Final consumption expenditure - government 37,118 37,108 37,118 37,121 37,181 37,121 37,060 37,040Gross capital formation 22,282 23,381 23,659 25,031 23,245 22,892 22,612 23,417

Gross fixed capital formation 21,858 22,052 22,609 24,198 23,348 22,485 22,368 23,338Exports of goods and services 115,970 116,719 116,708 117,024 117,539 118,605 118,614 118,817Imports of goods and services 100,295 101,714 101,765 102,431 102,258 102,697 102,425 102,920

Q/Q 2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4GVA 0.15% -0.14% 0.31% 0.68% -1.18% -0.19% -0.04% 0.34%

Taxes less subsidies on products -1.91% -0.24% 0.90% 1.89% -2.94% -1.55% 0.39% 1.61%GDP -0.17% 0.01% 0.11% 0.96% -1.37% -0.33% -0.00% 0.45%

Final consumption expenditure - households 0.80% -0.89% -0.60% -0.24% -0.46% -0.62% -0.68% -0.34%Final consumption expenditure - NPISH -0.53% -0.04% -0.46% -0.86% -0.11% 0.19% -0.23% -0.57%Final consumption expenditure - government -0.19% -0.03% 0.03% 0.01% 0.16% -0.16% -0.16% -0.05%Gross capital formation -9.13% 4.93% 1.19% 5.80% -7.13% -1.52% -1.23% 3.56%

Gross fixed capital formation -4.29% 0.89% 2.52% 7.03% -3.51% -3.70% -0.52% 4.34%Exports of goods and services 0.02% 0.65% -0.01% 0.27% 0.44% 0.91% 0.01% 0.17%Imports of goods and services -2.31% 1.41% 0.05% 0.65% -0.17% 0.43% -0.26% 0.48%Last dataOwn estimate