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September 17, 2019

Dutch surplus on the current account


The Dutch current account surplus has increased substantially since the late 90’s, coming mostly from the trade balance in goods. Internationally the surplus is consistently among the top surplus countries, thereby also catching attention from international organizations. Although fundamental factors such as high income per capita and expected ageing play a role, a large part of the Dutch current account surplus remains unexplained. These outcomes are uncertain, but they give some indication of macroeconomic imbalances.