The Dutch economy continued its upward trajectory for the second consecutive quarter, as confirmed by the latest figures from the Central Bureau of Statistics released on Tuesday.
During the third quarter, the gross domestic product (GDP) increased by 0.8% from the previous period, a slight deceleration from the revised 1.0% growth seen in the second quarter, aligning with preliminary data released on November 14.
This quarterly growth was largely fueled by a rise in household consumption and government spending. In detail, household consumption advanced by 0.9%, driven by higher expenditures on clothing, home furnishings, and energy. Meanwhile, government outlays increased by 0.8%, primarily within healthcare and public administration sectors.
In other areas, gross fixed capital formation experienced a 0.4% uptick. Both exports and imports also saw growth, with increases of 0.4% and 0.6%, respectively.
On an annual basis, GDP grew by 1.7%, surpassing the 0.8% recorded in the previous quarter, marking the most robust expansion since the first quarter of 2023.
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