Netherlands GDP growth revised to 0.2% in Q1: CBS estimate

The Netherlands’ gross domestic product (GDP) increased by 0.2 per cent in the first quarter (Q1) of 2026 compared with the fourth quarter (Q4) of 2025, according to the second estimate from the Statistics Netherlands (CBS). The reading was revised up from the 0.1 per cent growth reported in the first estimate, offering exporters, importers and sourcing teams a slightly firmer view of Dutch demand conditions.The upward revision was mainly linked to a smaller fall in exports and a stronger rise in household consumption than earlier calculated. The quarter’s GDP expansion was led by public consumption, household consumption and investments, all of which are relevant demand indicators for suppliers serving the Dutch market.

Dutch GDP rose 0.2 per cent quarter on quarter in Q1 2026, above the first estimate of 0.1 per cent.
A smaller export decline and stronger household consumption lifted the estimate, important for suppliers watching Dutch demand.
Public consumption, household consumption, and investments drove the quarterly gain.
Year-on-Year GDP growth was revised up to 1.4 per cent.

On a year-on-year (YoY) basis, GDP grew by 1.4 per cent in Q1 2026, compared with 1.2 per cent in the first estimate. The agency attributed the upward adjustment mainly to a higher assessment of the trade balance, CBS said in a press release.

The statistics institute also published revised annual figures alongside the Q1 estimate, lowering 2025 growth to 1.6 per cent from 1.8 per cent and setting 2024 growth at 1.1 per cent.

The second estimate also showed that the number of people in employment or self-employment rose by 26,000 in Q1 2026 from Q4 2025.

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