2023 Q4: Dutch economy expands 0.4%, ending three-quarter contraction through household consumption, gov spending, and disposable income growth.
The Dutch economy experienced a slight uptick of 0.4% in Q4 of 2023, reversing a three-quarter period of contraction. This growth was driven by a strong rebound in household consumption (1.9%), further government spending (0.7%), and an increase in disposable income by 1.4%. The overall economy expanded by 0.1% in 2023 compared to the previous year, despite facing a recession during the first nine months of the year.
March 25, 2024
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