Dutch Q2 Annual Growth Revised Higher

The Dutch economy expanded by 1.3% year-on-year in the second quarter of 2026, the lowest in two years, following a 1.4% increase in the previous quarter. Growth was primarily driven by public and household consumption. Government spending rose by 2.5%, while household consumption increased by 1.3%. Fixed investment also contributed positively, rising 0.4% from a year earlier. Meanwhile, exports grew by 2.5%, outpacing the 2.1% increase in imports, resulting in a positive contribution from net trade to overall economic growth. On the production side, the trade, accommodation and food services, transportation and storage, and public sectors made the largest contributions to GDP growth compared with the second quarter of 2025.

The Dutch economy expanded by 1.7% year-on-year in Q2 2025, easing from 2.2% growth in Q1 and marking the slowest annual expansion in a year, though revised up from preliminary estimates of 1.5%. The main drag on growth was slowing government spending (2.1% vs 2.8% in Q1) and a negative contribution from net external demand, as imports advanced 2.7%—faster than the 1.5% rise in exports. Meanwhile, growth picked up for household consumption (1.9% vs 2.1%) and fixed investments (2.8% vs 1.4%). On a quarter-on-quarter basis, GDP grew by 0.2%, slowing from 0.3% in Q1 and marking the softest quarterly growth since Q1 2024, though revised up from initial estimates of 0.1%.