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Economic growth 3.5% in 2007

18 Feb '08
3 min read

At over 10 percent, the increase in re-exports was again larger than the increase in exports of Dutch products. Imports rose by slightly less than exports. This was accounted for by a smaller increase in imports of services, as less was spent on foreign patents and licences.

Rise in household consumption:
Dutch households spent 2.1 percent more than in 2006. This increase is slightly smaller than in 2006. Spending on durable consumer goods grew by most again, by over 4 percent. The volume of government consumption was 2.9 percent up on 2006. Real spending on care rose by most.

Production up most in commercial services and construction:
Production rose in all sectors of industry in 2007. The increase was largest in commercial services and in the construction industry. Within commercial services is was largest for temp agencies, wholesale trade, companies providing IT support, accountants and economic consultancies, and banks.

Retail trade also grew substantially as consumers spent more. The construction industry benefited form the increase in investment in real estate.

Statistics Netherlands

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