Higher export surplus boosts current account balance
The surplus on the current account of the Dutch balance of payments rose by €7.3 billion in the second quarter of 2023 (year-on-year) to €23.2 billion.
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In the middle of 2022, the Dutch economy has turned around. This is visible in the reference series of the DNB business cycle indicator, which is based on GDP growth (blue line). The leading indicator has been indicating this reversal for some time. The indicator continues to decline in the coming six months and will become negative from April 2023 (red line). This means that the business cycle is deteriorating, with GDP growth possibly below trend (on an annual basis).
A point of attention with the DNB business cycle indicator is that it is constructed to predict business cycle turning points and not to make predictions for GDP growth.
Data output DNB Business cycle indicator
The surplus on the current account of the Dutch balance of payments rose by €7.3 billion in the second quarter of 2023 (year-on-year) to €23.2 billion.
Read moreEnergy price hikes from 2022 still affect other prices, such as those of food. Why are some products still getting more expensive, even though energy prices have fallen again? And how long will this go on?
Read moreDutch companies have once again raised more capital by issuing green bonds, new figures from DNB reveal. In relative terms, the Netherlands is the leader in the euro area when it comes to issuing green debt securities.
Read moreThe current account surplus of the Dutch balance of payments was higher in 2021 and 2022 than previously recorded. This is mainly due to higher adjusted profits of listed multinationals and larger exports than previously projected.
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