Growth across 2022 was mainly due to higher household consumption. The trade balance, investments and public consumption also contributed positively.

Dutch GDP rose by 0.6 per cent in Q4 2022 relative to Q3 and the country’s annual GDP growth for the year was 4.5 per cent, Statistics Netherlands’ second estimate said. Growth in Q4 was broad-based, with public and household consumption making the largest contributions. The number of employee and self-employed jobs rose by 94,000 in Q4 2022 compared to Q3.

The number of employee and self-employed jobs increased by 94,000 in Q4 last year compared to Q3, according to the second estimate. The first estimate suggested an increase of 85,000 jobs.

Fibre2Fashion News Desk (DS)