Dutch Q1 Annual Growth Hits 2-Year High

The Dutch economy expanded by 2.2% year-on-year in Q1 2025, revised up from the initially estimated 2% and marked the fastest growth since Q4 2022.

The upward revision was mainly driven by a stronger trade balance, with exports rising 3.1% (vs 1.7%) and outpacing the 1.8% (vs 1.9%) increase in imports.

Household consumption also rose slightly (1.2% vs 1.1%), while government spending grew at a slower pace (2.8% vs 3.1%).

Fixed investments increased by 1.4%, moderating sharply from 6% in Q4.

By sector, industry, government, and healthcare made the largest contributions to annual growth.

On a quarterly basis, GDP rose 0.4%, revised up from an initial 0.1%, but slightly slower than the 0.5% growth recorded in Q4.