The first quarter of 2016 brought a 0.5 percent growth of the Dutch economy, compared to the last quarter of 2015. This growth rate is consistent with the trend published in May and, according to Statistics Netherlands, one of the three main factors that contributed to the positive figures are investments in the Netherlands.
Sources of economic growth in 2016
According to the most recent report issued by Statistics Netherlands, the leading Dutch statistics agency, the overall economic growth during the first quarter of 2016 was larger than the one recorded in the last part of 2015. This positive sign of improvement is backed by the initial reports issued in May about economic growth in the Netherlands.
According to the existing data, the economic growth was mainly due to investments
, increased consumption
, and Dutch exports
. Compared to the same time last year, the economy grew by 1.5 percent in the first months of 2016. The initial growth predictions that were made for this period put the total growth at 1.4 percent. In 2015 the recorded value for economic growth was 2 percent.
The trade sector is recording the slowest recovery while the manufacturing sector recorded a larger average daily output. The growth in this business field increased by 1.1 percent in May 2016 compared to the same month last year. The inflation has also stabilized in June and remains at a 0.0 percent level. The inflation was calculated according to the consumer price index.
Investing in the Netherlands
Foreign investments in the Netherlands
, along with consumption and exports were found to be the greatest contributors to the annual economic growth this year. Entrepreneurs are choosing to open a company in the Netherlands because of the favorable taxation regime and the international business climate.
The Netherlands is a preferred business base in Europe for many international companies. Bank branches and subsidiaries
of overseas companies are located here.