Kingdom of the Netherlands-Netherlands: Selected Issues
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This Selected Issues paper focuses on a steady increase in current account surpluses in ”Surplus 3” countries—Germany, the Netherlands, and Switzerland—since the mid-1990s. In Germany and the Netherlands, nonfinancial corporations seem to be behind the rising surpluses. In these countries, increasing corporate profits have not been converted into dividends, keeping a lid on consumption. In Switzerland, household savings seem to explain the bulk of the current account surplus: both mandatory and voluntary savings have been on an increasing trend since 2000. Trending net contributions to pension funds since 2000 and rising equity contribution for housing purchases are likely drivers.
Series:
Country Report No. 2017/078
Subject:
Balance of payments Current account Current account surpluses Foreign exchange International trade Labor Labor supply Real effective exchange rates Trade balance
English
Publication Date:
April 3, 2017
ISBN/ISSN:
9781475591507/1934-7685
Stock No:
1NLDEA2017002
Pages:
30
Please address any questions about this title to publications@imf.org