Quarterly national accounts; changes

Table explanation

Description topics

Expenditure approach to GDP

The first chapter of this publication introduces the expenditure approach
of Gross Domestic Product (GDP).
The connection between GDP and expenditure components comes in to focus in
this chapter. The menu of this chapter shows the supply and disposition of
goods and services scheme which contains the expenditure components of
GDP.
More details data on the expenditure components could be found in de
fourth chapter: Additional details.
Data available from 1995 q1.

Disposable for final expenditure

The total amount of domestic generated goods and services (GDP) and the
imported goods and services are adding up to the disposable for final
expenditure. This variable is by definition equal to the total final
expenditure, which is the sum of the National final expenditure and the
exports of goods and services.

Import of goods and services (fob)

On the macro level imports of goods is valued free on board (fob)at
the border of the exporting country. The transition from valuation
of imported goods at cif to fob consists of:
- a cif/fob adjustment of the transport costs abroad of Dutch
freighters. Total imports (goods) and exports (services) are
reduced by the same amount.
- a cif/fob reclassification of the transport costs abroad of for-
eign freighters, from imports of goods to imports of services.
It leaves total imports and total exports unchanged.
Imports of goods are goods intended for residents, which are
imported from abroad into the Dutch economic territory.
Included in imports of goods are raw materials, semi-
manufactured products, fuels and final products. Also included
are imported goods, which are re-exported without undergoing
any processing.
Imports of services include among other things the expenditures
abroad by Dutch tourists, inhabitants of the border area and
diplomats.

Total final expenditure

The sum of the National final expenditure and the exports of goods and
services. This variable is by definition equal to the disposable final
expenditure (GDP and imports).

Exports of goods and services (fob)

Exports of goods are goods, which have been exported by resi-
dents from the Dutch economic territory to the rest of the world.
The exports of services include the services of Dutch transport
enterprises abroad, harbour services, ships repair services and
engineering of works by Dutch contractors abroad.
Also included in the exports of services are expenditures by for-
eign tourists, inhabitants of the border area and diplomats in the
Netherlands.

Production approach to GDP

The composition of GDP from the value added of all economic activities is
provided in this chapter.
Gross domestic product at market prices (GDP) is calculated as follows:
total value added at basic prices of industries
plus: balance of taxes and subsidies on products
plus:
VAT, taxes on imports, subsidies on re-exports cannot be attributed to
individual industries. Therefore, GDP at market prices cannot be broken
down completely by industry.
Data of total value added available from 1995 q1.
Other components from 1995 q1.

Gross value added at basic prices

Gross value added at basic prices of all economic activities.
Value added (basic prices)
Value added at basic prices by industry is equal to the difference
between output (basic prices) and intermediate consumption
(purchasers' prices).

Gross value added by industry

Value added (basic prices)
Value added at basic prices by industry is equal to the difference
between output (basic prices) and intermediate consumption
(purchaser prices).

Producers of goods

Gross value added at basic prices of good producers.
The good producers contains the Agriculture, forestry and fishing, Mining
and quarrying, the manufacturing, the energy and water supply and the
construction.

Producers of goods, total

Gross value added at basic prices of good producers.
The good producers contains the Agriculture, forestry and fishing, Mining
and quarrying, the manufacturing, the energy and water supply and the
construction.

Agriculture, forestry and fishing

Gross value added at basic prices of the industry agriculture, forestry
and fishing.
SBI 1993: Section A,B; code 01,02,05.

Mining and quarrying

Gross value added at basic prices of the industry Mining and quarrying.
SBI 1993: Section C; code 10,11,14.

Manufacturing

Gross value added at basic prices of the industry manufacturing.
SBI 1993: Section D; code 15 to 37.

Electricity, gas and water supply

Gross value added at basic prices of the industry electricity, gas and
water supply.
SBI 1993: Section E; code 40,41.

Construction

Gross value added at basic prices of the industry construction.
SBI 1993: Section F; code 45.

National net lending or net borrowing

This chapter of the publication shows two approaches to the national net
lending or net borrowing.
The national net lending or borrowing shows the amount a country can
lend or has to borrow, given the current and capital transactions in the
national accounts. There are two approaches to this variable:
I. The approach through the surplus of national income
Scheme:
Gross domestic product (market prices)
Primary incomes received from the rest of the world (+)
Primary incomes paid to the rest of the world (-)
= Gross national income (market prices)
Current transfers received from the rest of the world (+)
Current transfers paid to the rest of the world (-)
= Gross disposable national income
Final consumption expenditure (-)
Adjustment for net equity in pension funds reserves (+)
=Gross national saving
Fixed capital formation incl. change in inventories (-)
=Surplus of the Nation on income
=Surplus of the Nation on current transactions with the rest of the world
Capital transfers received from the rest of the world (+)
Capital transfers paid to the rest of the world (-)
= National net lending and borrowing
II. The approach through the surplus of the nation on current transactions
with the rest of the world.
Scheme:
Net exports, the difference between exports and imports of
goods and services (+)
Net primary income from the rest of the world (+)
Net current transfers from the rest of the world (+)
=Surplus of the Nation on current transactions with the rest of the world
=Surplus of the Nation on income
Capital transfers received from the rest of the world (+)
Capital transfers paid to the rest of the world (-)
= National net lending and borrowing
Data of domestic products, consumption and gross fixed capital formation
are available from 1995 q1. Other components from 1995 q1.

Surplus on current transactions approach

II. The approach through the surplus of the nation on current transactions
with the rest of the world.
Scheme:
Net exports, the difference between exports and imports of
goods and services (+)
Net primary income from the rest of the world (+)
Net current transfers from the rest of the world (+)
=Surplus of the Nation on current transactions with the rest of the world
=Surplus of the Nation on income
Capital transfers received from the rest of the world (+)
Capital transfers paid to the rest of the world (-)
= National net lending and borrowing.

Net exports of goods

Net exports, the difference between exports and imports of goods.

Additional details

The additional details of some variables in the previous chapters of this
publication are being given in this chapter.

Consumption expenditure

More specific details of the final consumption expenditure are provided
in part of the publication.
There are two classification for the consumption expenditure concept: the
expenditure classification and the acquisition classification.
The expenditure classification refers to expenditure on consumption goods.
In contrast the acquisition classification refers to the acquisition of
consumption goods and services. The difference between these concepts lies
in the treatment of certain goods and services financed by the government
or NPI households but supplied to households as social transfers in kind.
By convention, all final consumption expenditure by NPI households and
most of the final consumption expenditure by the government in the field
of education, health, social security and welfare, sport and recreation
and culture are treated as individual consumption.
I. The expenditure classification of final consumption:
This classification focuses on the expenses for consumption goods and
services. The total final consumptions is divided to sectors which
actually financed the consumption expenditures.
Classification scheme:
Total final consumption expenditure=
Consumption expenditure by households and by NPI households=
Consumption expenditure by households plus
Consumption expenditure by NPI households
Consumption expenditure by general government=
Collective consumption by general government plus
Individual consumption by general government
II. The acquisition classification of final consumption:
This classification focuses on the acquisition of consumption goods and
services. The total final consumption is divided to groups which have
acquired the consumption goods and services: individuals or the
collective.
Classification scheme:
Total final consumption expenditure=
Actual individual consumption=
Consumption expenditure by households
Consumption expenditure by NPI households
Individual consumption by general government
Actual collective consumption
Data available from 1995 q1. Components of consumption expenditure by
households and NPI households are available from 1995 q1.

Expenditure classification

I. The expenditure classification of final consumption:
This classification focuses on the expenses for consumption goods and
services. The total final consumptions is divided to sectors which
actually financed the consumption expenditures.
Classification scheme:
Total final consumption expenditure=
Consumption expenditure by households and by NPI households=
Consumption expenditure by households plus
Consumption expenditure by NPI households
Consumption expenditure by general government=
Collective consumption by general government plus
Individual consumption by general government.

Consumption by households incl. NPISH

Final consumption expenditure by households includes the fol-
lowing borderline cases:
- income in kind like accommodation, food, clothing etc.
- services of dwellings, which are occupied by the owners
themselves and without any actual rent payments. These
services are valued by applying the rents of similar dwellings.
- goods and services produced for own use, as in agriculture.
The value of these products is calculated by applying the
market prices for similar products.
- durable consumption goods such as private cars, household
appliances, furniture and clothing. However, the purchases of
dwellings by households are not seen as final consumption,
but as fixed capital formation by households.
The detailed data on consumption of households concern pri-
vate domestic consumption expenditure. This includes final con-
sumption in the Netherlands by residents and non-residents. Fi-
nal consumption by households can be calculated by deducting
from private domestic consumption expenditure the final con-
sumption by non-residents in the Netherlands (registered as ex-
ports) and adding final consumption by households in the rest of
the world (registered as imports).
Final consumption expenditure by NPI households
Final consumption expenditure by NPI households consists of all
the non-market output of this sector excluding the own account
capital formation.

Consumption of goods

Individual consumption of goods by households and NPI households.

Consumption of goods, total

Individual consumption of goods by households and NPI households.

Durable consumer goods

Individual consumption of Durable consumer goods by households and NPI
households.

Durable consumer goods, total

Individual consumption of Durable consumer goods by households and NPI
households.

Clothing and footwear

Individual consumption of clothing and footwear by households and NPI
households.

Vehicles and parts

Individual consumption of vehicles and parts by households and NPI
households.

Home furnishing and other durable goods

Individual consumption of Home furnishing and other durable goods by
households and NPI households.