DutchNews.nl - DutchNews.nl brings daily news from The Netherlands in English

24 May 2025
Newsletter Donate Advertise
  • News
  • Life in the Netherlands
  • Jobs
  • Podcast
  • About us
  • Search
  • Home
  • Economy
  • Art and culture
  • Sport
  • Europe
  • Society
  • Environment
  • Health
  • Housing
  • Education
  • News
    • Home
    • Economy
    • Art and culture
    • Sport
    • Europe
    • Society
    • Environment
    • Health
    • Housing
    • Education
  • Life in the Netherlands
    • Latest
    • Opinion
    • Books
    • Travel
    • 10 Questions
    • Learning Dutch
    • Inburgering with DN
    • Food & Drink
    • Ask us anything
  • Jobs
  • Podcast
  • About us
    • Team
    • Donate
    • Advertise
    • Writing for Dutch News
    • Contact us
    • Privacy
    • Newsletter
  • Search

Economy bounced back with 3.1% growth in second quarter of 2021

August 17, 2021
Photo: DutchNews.nl
Reopening of shops and restaurants stimulated more spending. Photo: DutchNews.nl

The Dutch economy grew by 3.1% in the third quarter of 2021, fuelled by the lifting of lockdown restrictions on shopping, travelling and eating out.

Figures from the statistics agency CBS showed the Netherlands went through a mini-recession in the first six months of 2020, with the economy flatlining in the first quarter and shrinking by 0.8% in the spring.

The economy as a whole has still not recovered from the first pandemic shutdown, when it shrank by 8.4% in the second quarter of 2020, but some sectors are back to 2019 levels.

GDP grew by 9.7% year-on-year, the highest rate ever recorded, and is back at the level of June 2020, six months before the downturn began.

Industry grew by more than 14% while the construction sector recorded 5% growth. However, the cultural and recreation sector, which was hit hard by the closure of museums, concert venues and sports clubs, is still far less economically active than in 2019.

Exports were 9.3% higher than two years ago following a surge in demand for machinery, chemical and metal products and transport equipment.

Household spending was up by 5.7% from the first quarter of 2021 but is still 5% lower than the level of 2019, while consumer confidence remains just below zero, meaning more people are pessimistic than optimistic about the economy.

Government spending increased by 7.4%, partly due to increased investment in healthcare and education and social security, as well as the cost of coronavirus tests and vaccines.

Share this article
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Copy URL
Economy
Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation
Latest
Show more
AEX falls as Trump threatens 50% import tariff on European goods
Dutch forensic experts develop deepfake video detector
Zaanstad says yes to tourist tickets for Zaanse Schans windmills
Fewer international child abductions by parents last year
Weekend brings showers and cooler weather, sun still possible
NewsHomeEconomyArt and cultureSportEuropeSocietyEnvironmentHealthHousingEducation
Life in the NetherlandsLatestOpinionBooksTravel10 QuestionsLearning DutchInburgering with DNFood & DrinkAsk us anything
About usTeamDonateAdvertiseWriting for Dutch NewsContact usPrivacyNewsletter
© 2025 DutchNews | Cookie settings

Help us to keep providing you information about coronavirus in the Netherlands.

Many thanks to everyone who has donated to DutchNews.nl in recent days!

We could not provide this service without you. If you have not yet made a contribution, you can do so here.

The DutchNews.nl team

Donate now

Dutchnews Survey

Please help us making DutchNews.nl a better read by taking part in a short survey.

Take part now