Economic growth of 0.5 percent in Q3 2025

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According to the second estimate from Statistics Netherlands (CBS), gross domestic product (GDP) increased by 0.5 percent in Q3 2025 relative to Q2 2025. According to the first estimate published on 30 October, growth was 0.4 percent. The second GDP estimate is always published around 85 days after the end of each quarter.

Economic growth was 0.1 percentage points higher than in the first estimate. This is mainly due to upward adjustments in the export figures. The overall picture has not changed. Growth in Q3 2025 was mainly a result of exports and public consumption.

Second estimate

The second estimate is published 85 days after the end of the quarter. The first estimate is calculated 30 days after the end of the quarter, and is based on the most recent data available at that point. Following the first estimate, new information about the state of the Dutch economy continues to pour in, including data on the construction sector, business services, accommodation and food services, the public sector, health care and well-being and the financial services sector. These data are added and new calculations are performed.

On average, over the five-year period of 2020-2024, the difference between the final estimate and the first estimate was 0.1 percentage points, but ranged between -0.4 percentage points (in 2024) and 0.7 percentage points (in 2021).

Quarter-on-quarter growth adjustment in previous quarters

With each new estimate, CBS also recalculates the seasonally adjusted series for previously published quarters. The growth figures for the previous three quarters have not been adjusted on this occasion, however.

Growth compared to Q3 2024

GDP grew by 1.8 percent in Q3 2025, year on year, compared to 1.6 percent according to the first estimate. This upward adjustment is also mainly due to the fact that export figures were adjusted upwards. Exports, household and public consumption contributed the most to growth.

Number of jobs falls by a thousand

The second estimate shows that the number of people in employment or self-employment decreased by a thousand in Q3 2025 compared to Q2 2025. According to the first estimate, the fall was 7 thousand. Meanwhile, the second estimate for Q3 2025 suggests a year-on-year increase in the number of people in employment or self-employment of 41 thousand. The figure was 33 thousand according to the first estimate.

Jobs figures are adjusted when additional information becomes available.

Sources

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