Quarterly national accounts; changes

Dataset is not available.

Description topics

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 commercial services

Gross value added at basic prices of producers of commercial services.
The commercial services producers contains the trade, repair, hotels and
restaurants, the transport, storage, post and telecommunication and the
financial and business activities.

Financial and business activities

Gross value added at basic prices of the Financial and business
activities.
SBI 1993: Section J and K; code 65 to 67 and 70 to 74.

Other business activities

Gross value added at basic prices of the other business activities.
SBI 1993: Section K (part); code 71 to 74 excl. 74.5.

Producers of non-commercial services

Gross value added at basic prices of producers of non-commercial services.
The non-commercial services producers contains the economic activities
of the general government and the care and other service activities.
The activities of the general government are the public administration and
social security, the defence activities and the subsidized education.
The care and other services activities contains the health and social work
activities, the sewage and refuse disposal services, the recreational,
cultural and sporting activities, the private households with employed
persons and other service activities i.e.

Care and other service activities

Gross value added at basic prices of the care and other services i.e.
The care and other services activities contains the health and social work
activities, the sewage and refuse disposal services, the recreational,
cultural and sporting activities, the private households with employed
persons and other service activities i.e.
SBI 1993: Sections N,O,P;
code 85, 90 to 93, 95 and 80.4.

Value added: ESA 1995, A6 classification

Gross value added at basic prices conform the A6 classification of the
European system of national accounts 1995.

Government, care and other services

Gross value added at basic prices of the general government and the care
and other services activities.
SBI 1993: Sections L,M,N,O,P,Q; code 75, 80.1-3, 99 and code 85, 90
to 93, 95 and 80.4.

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 of the nation on income approach

I. The approach of net lending or net borrowing 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.

Gross domestic product (market prices)

GDP is the total amount of domestic generated goods and services
(expenditure approach). It is also the sum of value added in all branches
of economic activities (production approach) and the total generated
income in the Netherlands (income approach).

Gross national income (market prices)

Gross National Income
Part of GDP flows to the rest of the world (wages and salaries to
non-resident employees, interests and dividends to non-resident
financiers), while income generated in the rest of the world is
transferred to the Netherlands.
National income is the sum of GDP and net primary income
from the rest of the world.

Gross disposable national income

Total disposable income of all resident units is called disposable
national income, which is equal to national income plus net cur-
rent transfers received from the rest of the world.

Final consumption expenditure

Total final consumption expenditure.

Adjustment for equity pension funds

Since households are treated in the financial accounts as
owners of the pension funds reserves an adjustment item is
necessary to ensure that any excess of contributions to pension
schemes over pension benefits does not affect household savings:
minus:
=
This adjustment is also made for the claims of non-residents on
the reserves of Dutch insurance companies.

Gross national saving

Saving is the difference between disposable income and final
consumption expenditure.
In the national accounts households are treated as owners of life
insurance and pension funds reserves. Since contributions to
pension schemes and pension benefits are recorded in the
secondary income account, an adjustment item (adjustment for
net equity in pension funds reserves) on the use of income
account is necessary to ensure that any excess of contributions
to pension schemes over pension benefits does not affect
household saving.

Gross fixed capital formation

Gross fixed capital formation including changes in inventories.

Surplus of the nation on income

This variable shows the amount left over from the national disposable
income after the consumption and investment had been expended. This amount
is by definition equal to the surplus of the nation on current
transactions.

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.

Durable consumer goods

Individual consumption of Durable consumer goods 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.

Other goods

Individual consumption of other goods by households and NPI households.

Other goods, total

Individual consumption of other goods by households and NPI households.

Energy and water

Individual consumption of energy and water by households and NPI
households.

Motor fuel and other goods

Individual consumption of motor fuels and other goods by households and
NPI households.