Dutch labour productivity declines for second year in 2024
The Dutch economy grew by one per cent in 2024, driven by a rise in total hours worked, despite a decline in labour productivity. Growth was supported by higher government spending, increased household consumption and income, and a rebound in exports. Manufacturing contracted again. Overall, the Netherlands’ growth matched the EU average in 2024.
The Dutch economy grew by one per cent in 2024, driven by a rise in total hours worked, despite a decline in labour productivity.
Growth was supported by higher government spending, increased household consumption and income, and a rebound in exports.
Manufacturing contracted again.
Overall, the Netherlands’ growth matched the EU average in 2024.
