Netherlands Gross Domestic Product (GDP) by Year (1961–2023)

Netherlands Gross Domestic Product (GDP) by Year (1961–2023)

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TGM StatBox. (2024). Netherlands Gross Domestic Product (GDP) by Year (1961–2023). TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Netherlands
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
The Netherlands' GDP demonstrates steady growth, underpinned by its strong trade orientation and robust service sector. Starting at $14.6 billion in 1961, GDP grew rapidly through the 1970s, reaching $100 billion in 1975, supported by industrial expansion and North Sea oil and gas exploitation. Economic diversification and infrastructure investments in the 1980s further bolstered growth, with GDP climbing to $200 billion in 1986.

The global financial crisis in 2008 caused a contraction, reducing GDP from $951.8 billion in 2008 to $871.5 billion in 2009. Recovery efforts and innovation-driven policies fueled a rebound, with GDP exceeding $1.11 trillion in 2023, cementing the Netherlands' position as a key player in global logistics and technology.

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