Dutch corporate sector is key source of current account surplus

SMEs save to finance investment due to higher borrowing rates than large companies

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The record-high Dutch current account surplus is being boosted by the corporate sector, but the saving patterns of large firms and small and mid-sized enterprises (SMEs) differ, says the Dutch National Bank.

Last year, the Netherlands recorded a current account surplus of 11% of GDP. The savings behind this development are boosted by companies’ savings. Non-financial corporations accounted for roughly 80% of the Dutch savings surplus between 2000 and 2017, according to the DNB.

Nonetheless

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