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Dutch GDP grows 0.4% in Q1 2025, 2024 figures revised: CBS

26 Jun '25
1 min read
Dutch GDP grows 0.4% in Q1 2025, 2024 figures revised: CBS
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Insights

  • The Dutch economy grew by 0.4 per cent in Q1 2025 from Q4 2024, with YoY GDP growth revised up to 2.2 per cent, driven by stronger household consumption and trade balance.
  • CBS also revised past GDP figures and raised 2024 growth to 1.1 per cent.
  • Employment fell slightly quarter-on-quarter but rose by 88,000 YoY, exceeding the previous estimate of 86,000.
The Dutch economy grew by 0.4 per cent in the first quarter (Q1) of 2025 compared to the fourth quarter (Q4) of 2024, as per the second estimate by Statistics Netherlands (CBS). Year-on-year (YoY), GDP expanded by 2.2 per cent, up from the initial estimate of 2 per cent, mainly due to upward revisions in household consumption and the trade balance.

The contributions from public consumption and investments were also positive. The quarter-over-quarter (QoQ) GDP figures for earlier quarters were revised: Q1 2024 from -0.1 to 0.1 per cent, Q3 2024 from 0.8 to 0.6 per cent, and Q4 2024 from 0.3 to 0.5 per cent, CBS said in a press release.

The economic growth for 2024 has been revised upward from 1 to 1.1 per cent, while 2023 growth was adjusted from 0.1 to -0.6 per cent. Employment declined by 2,000 in Q1 2025 compared to Q4 2024, a smaller drop than the initially reported 14,000. However, on a YoY basis, employment rose by 88,000, slightly higher than the earlier estimate of 86,000.

ALCHEMPro News Desk (SG)
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