The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This paper describes economic developments in the Kingdom of the Netherlands during the 1990s. Following a slowdown in 1991-92, the Dutch economy experienced a mild recession in 1993 with GDP growth falling to about 1/2 percent. Output was sustained by external demand, which contributed nearly 1 percentage point to GDP growth, while domestic demand fell by 1/2 percent. Business investment decreased by 3 percent as a result of reduced profits and a low rate of capacity utilization, while the contribution to GDP of lower stockbuilding was -1/2 percentage point.