Quarterly national accounts; values

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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 component 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
(purchaser prices).

Gross value added by industry

Gross value added at basic prices 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.

Manufacturing

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

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.

Financial and business activities, total

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.

Financial activities

Gross value added at basic prices of the banking activities, insurance and
pension funding activities and activities auxiliary to financial
intermediation.
SBI 1993: Section J; code 65 to 67.

Real estate activities

Gross value added at basic prices of the real estate activities.
SBI 1993: Section K (part); code 70.

Activities of employment agencies

Gross value added at basic prices of the activities of employment
agencies.
SBI 1993: Section K (part); code 74.5.

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.

Mining, manufacturing and energy supply

Gross value added at basic prices of the industries Mining and quarrying,
manufacturing, and the electricity, gas and water supply.
SBI 1993: Sections C, D and E; code 10,11,14 to 37 and 40 to 41.

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.

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.

Net primary income abroad

Primary income received from the rest of the world less primary income
paid to the rest of the world.
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.

Net current transfers abroad

Net current transfers from the rest of the world
Current transfers received from the rest of the world less current
transfers paid to the rest of the world.
Net current transfers from the rest of the world such as dividend tax,
social security benefits and other current transfers.

Adjustment for equity pension funds

Adjustment for net equity in pension funds reserves
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.

Surplus of nation on current transaction

Surplus of the nation on current transactions with
the rest of the world
The surplus of the nation on current transactions consists of:
- net exports, the difference between exports and imports of
goods and services.
- net primary income from the rest of the world: compensation
of employees, taxes on production and imports, subsidies
and property income, such as interest and dividend.
- net current transfers from the rest of the world, such as
dividend tax, social security benefits and other current
transfers.