Dutch economy grew 0.2% in Q2; Slightly more than previously reported

The Dutch economy grew by 0.2 percent in the second quarter of this year compared to the previous quarter, Statistics Netherlands (CBS) reported. This new estimate is slightly higher than the preliminary estimate. The first estimate, released on July 30, had growth at 0.1 percent.

According to CBS, the economic growth in the second quarter was mainly due to investments. Government consumption and household consumption also made a positive contribution to the increase in gross domestic product (GDP), the benchmark for economic growth.

The higher growth estimate is mainly due to an upward adjustment of household consumption. The trade balance and investments have also been adjusted upwards, while government consumption was adjusted downwards. Following the first estimate, more information from the construction, business services, hospitality, government, healthcare, and financial institution sectors has become available.

Compared to a year earlier, the economy grew by 1.7 percent in the second quarter. According to the first estimate, this was 1.5 percent. This adjustment is also primarily attributable to household consumption, which contributed most to the annual growth. Investments and government consumption also contributed positively.

Job figures have also been revised upwards. According to the second estimate, the number of employee and self-employed jobs increased by 28,000 in the second quarter compared to the first quarter of 2025. The first estimate suggested an increase of 24,000 jobs. Compared to the second quarter of 2024, there were 87,000 more employee and self-employed jobs in the second quarter. This was 80,000 in the first estimate.

With each new GDP calculation, CBS also re-examines previously published quarters. The growth figures for the previous three quarters have not been adjusted.