Netherlands GDP rises 0.1% in Q1 2025 amid weak demand
The Netherlands' gross domestic product (GDP) expanded by 0.1 per cent in the first quarter of 2025 (Q1 2025) compared to the previous quarter, according to the first estimate released by Statistics Netherlands (CBS). This modest increase follows a declining trend in quarterly growth over the past year.
The slight uptick was primarily due to a smaller reduction in inventories and a 0.5 per cent rise in public consumption. However, the economic momentum was dampened by a 0.2 per cent decline in household consumption and a 2.2 per cent fall in fixed asset investments.
The Netherlands' GDP grew by 0.1 per cent in Q1 2025 from the previous quarter, driven by higher public consumption and smaller inventory reductions, despite declines in household spending and investment. Year-on-year, GDP rose 2.0 per cent, with strong contributions from public consumption, trade surplus, and modest gains in exports and investment.
External trade also weighed on growth, with exports of goods and services falling by 0.8 per cent, while imports dipped by just 0.1 per cent, narrowing the trade surplus, as per CBS
Sector-wise, the public sector made the largest contribution to GDP growth due to its significant economic weight, despite value added increasing more steeply in the energy sector (5.8 per cent).
On a year-on-year basis, the Dutch economy grew by 2.0 per cent in Q1 2025. Public consumption, up 2.8 per cent, and a favourable trade balance were the key growth drivers.
Household consumption rose by 0.6 per cent, while investments and exports increased by 1.5 per cent and 0.9 per cent, respectively.
Fibre2Fashion News Desk (HU)
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