Dutch economic growth revised up, budget deficit grows

The Dutch economy grew by 0.7% in the second quarter of 2014, compared with the first, the national statistics office CBS said on Wednesday.

In August, the CBS put the growth figure at 0.5%, quarter on quarter. The upward revision is due to higher estimates for consumer spending and more investment by industry.

Year on year, the Dutch economy grew by 1.1%, not 0.9% as the CBS said earlier.

Nevertheless, the government’s deficit has increased sharply compared with 2013. Lower income and higher spending pushed the state debt to €9.4bn. This means the national debt was around 3% of GDP by July, the maximum permitted under eurozone regulations, the CBS said.

Definitive figures will be published at the end of March next year.


Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation