Source: world bank Nominal/PPP
Summary:
Netherlands GDP expanded from 1960 to 2009, increasing from $13.28 billion to $878.95 billion.The compound annual growth rate (CAGR) averaged 8.93% over the period. The economy recorded its peak level in 2008 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 26.29%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
Netherlands Economic Phases (1960–2009)
Between 1960 to 2009, Netherlands experienced the following economic phases:
- High Growth (1961–1980) indicating robust economic expansion
- Contraction (1982–1985) indicating temporary slowdown
- High Growth (1986–1988) indicating robust economic expansion
- High Growth (1994–1995) indicating robust economic expansion
- Contraction (1996–1997) indicating temporary slowdown
- High Growth (2002–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- Contraction (2009–2009) indicating temporary slowdown
The most remarkable growth occurred in 1986 with an increase of 39.637%, while the largest decline was in 1981 at -15.894%.