Netherlands East Indies: The Large Colonial Surplus of Indonesia, 1878-1939

摘要

Surprisingly few previous contributions to estimates of Indonesia's colonial surplus have been made, all of them using the export surplus method. Having defined the colonial surplus, the export surplus method is rejected here as unnecessary and misleading. The Indies balance of payments data are used critically for the first time. Adding missing items and further analysing an odd but very big private item much larger estimates of the colonial surplus are produced. A comparison with the colonial surplus of British India is made. In all, the new colonial surplus for the Netherlands East Indies is estimated at almost 24 billion guilders, approximately US$10 billion or some US$156 billion in today's terms. Those figures are considered large indeed.