Current Account in Netherlands

Netherlands Current Account | Economic News & Forecasts

Netherlands - Current Account

The economy returned to pre-pandemic levels in the third quarter, despite a softer pace of expansion due to milder increases in private and public consumption. Meanwhile, fixed investment contracted for the second consecutive quarter. Turning to Q4, the economy is set to cool further. The country went into a three-week lockdown on 13 November, which will dent spending amid reduced opening hours for all non-essential stores and services. Covid-19 cases have continued to surge into late November, suggesting that the restrictions could be extended. However, available data hints that underlying momentum is still fairly robust. In October, the manufacturing PMI remained comfortably in expansionary territory, while business confidence rose to a three-month high. Moreover, a tight labor market should give some support to household consumption, despite souring sentiment in October.

Netherlands - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)6.2  8.0  10.8  10.8  -     

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Netherlands Current Account Chart

Netherlands Current Account
Note: Current account balance as % of GDP.
Source: Statistics Netherlands and FocusEconomics calculations.

Netherlands Facts

Value Change Date
Bond Yield-0.065.70 %Jan 01
Exchange Rate1.120.65 %Dec 31

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