Quarterly national accounts; values

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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.

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.

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.

Net exports of services

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

Additional details

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

Gross fixed capital formation

Details of the gross fixed capital formation in two classification:
Gross fixed capital formation by type of capital good and
Gross fixed capital formation by industry of destination.
Data of fixed capital formation by type are available from 1995 q1.
Data of fixed capital formation by industry are available from 1995 q1.

By type of capital good

Fixed capital formation by type of capital
Fixed assets are produced tangible or intangible assets that are
used in the production process for more than one year.
Gross fixed capital formation consists of producers' acquisitions
less disposals of fixed assets:
- acquisitions, less disposals, of tangible fixed assets:
- acquisitions, less disposals, of intangible fixed assets:
- major improvements to land (reclamation, land consolidation
and land preparing for building).
Fixed capital formation also includes:
- work in progress of construction such as unfinished dwell-
ings, non-residential buildings and civil engineering works are
recorded as fixed capital formation of the client.
- military structures and equipment, similar to those used by
civilian producers, such as airfields and hospitals.
- improvements to existing fixed assets that go well beyond the
requirements of ordinary maintenance and repairs.
- transfer costs of fixed assets, such as conveyance fees and
costs made by real estate agents, architects and notaries.
On the level of the total economy and the sectors, an adjustment
is made for the transactions in used fixed assets, which are
seen as investments of the buyer and disinvestment of the
seller. This adjustment is not made for the industries.

Fixed assets from production and imports

Total of acquisitions of new fixed assets.

By economic activity of destination

Fixed capital formation by economic activities of destination.
Fixed assets are produced tangible or intangible assets that are
used in the production process for more than one year.
Gross fixed capital formation consists of producers' acquisitions
less disposals of fixed assets:
- acquisitions, less disposals, of tangible fixed assets:
- acquisitions, less disposals, of intangible fixed assets:
- major improvements to land (reclamation, land consolidation
and land preparing for building).
Fixed capital formation also includes:
- work in progress of construction such as unfinished dwell-
ings, non-residential buildings and civil engineering works are
recorded as fixed capital formation of the client.
- military structures and equipment, similar to those used by
civilian producers, such as airfields and hospitals.
- improvements to existing fixed assets that go well beyond the
requirements of ordinary maintenance and repairs.
- transfer costs of fixed assets, such as conveyance fees and
costs made by real estate agents, architects and notaries.
On the level of the total economy and the sectors, an adjustment
is made for the transactions in used fixed assets, which are
seen as investments of the buyer and disinvestment of the
seller. This adjustment is not made for the industries.

Fixed assets from production and imports

Total of acquisitions of new fixed assets.

Exports by groups of products

Details of exports of goods and services by groups of products.
Exports of goods and services
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.
Data of total exports of goods and services are available from 1995 q1.
Other components of exports are available from 1995 q1.

Exports of goods and services total

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.

Products of agriculture and fishing

Exports of products of agriculture, forestry and fishing.

Crude oil, gas and other minerals

Exports of crude petroleum, natural gas and other mining and quarrying
products.

Food, beverages and tobacco products

Exports of food, beverages and tobacco products.

Textiles, wearing apparel and leather

Exports of textiles, wearing apparel, leather and leather products.

Paper, printed matter and recorded media

Exports of paper and paper products, printed matter and recorded media.

Coke, petroleum products and other fuel

Exports of coke, petroleum products and other fuel.

Chemical products and man-made fibres

Exports of chemical products and man-made fibres.

Rubber en plastic products

Exports of rubber en plastic products.

Basic metals and metal products

Exports of basic metals and metal products.

Machinery and equipment i.e.

Exports of machinery and equipment i.e.

Electrical machinery, optical equipment

Exports of office machinery and computers, electrical machinery i.e.,
radio, television and communication apparatus and medical, precision and
optical instruments.

Transport equipment

Exports of transports equipment.

Other manufactured products i.e.

Exports of other manufacturing products i.e.

Transport and communication services

Exports of transport and communication services.