The Dutch economy expanded by 0.2% quarter-on-quarter in Q1 2026, revised up from an initial estimate of 0.1% but slowing from 0.4% growth in Q4, marking the weakest expansion in a year. The slowdown was mainly driven by weaker external demand, as exports of goods and services fell 0.2% after rising 0.7% in the previous quarter, while imports edged up 0.1% for a second consecutive quarter. Meanwhile, domestic demand remained resilient, with national final expenditure increasing 0.5% after a 0.1% decline in Q4. Household consumption rose 0.3% after stagnating in the previous quarter, government spending increased 0.7%, and gross fixed capital formation accelerated to 0.7% from 0.1%, supported by stronger investment by businesses, households, and the government. Changes in inventories remained unchanged at -0.2% of GDP. On an annual basis, GDP grew 1.4%, revised up from the preliminary estimate of 1.2% but slowing from 1.8% in the prior period.

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