Current Account in Netherlands

Netherlands Current Account | Economic News & Forecasts

Netherlands - Current Account

Economic growth was solid in the second quarter in defiance of the broader slowdown in the Eurozone, and despite heightened Brexit uncertainty and a gloomier global growth outlook. The expansion was powered by an acceleration in private consumption growth, on the back of a rock-solid labor market and rapid wage growth, while exports of goods and services growth also revved up, shrugging off global trade tensions. Fixed investment and government spending lost steam, however. Turning to the third quarter, the economy will likely slow on a tough base of comparison and soft external momentum, although fundamentals are still robust nonetheless. In July, annual hourly earnings growth reached a multi-year high and the unemployment rate hovered near one-decade lows, which should be underpinning private consumption. However, the manufacturing PMI was only just in positive territory in the same month, weighed on by lower new domestic and foreign orders.

Netherlands - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)9.8  8.4  6.2  8.0  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

Bond Yield-0.575.70 %Sep 03
Exchange Rate1.100.65 %Sep 04
Stock Market563-0.57 %Sep 04

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