Quarterly national accounts; values 1988-Q1 2014

Table explanation

Description topics

Expenditure approach to GDP

This part of the table introduces the expenditure approach of Gross
Domestic Product (GDP).
The connection between GDP and expenditure components comes in to focus in
this part. The menu 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
last part: Additional details.

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).

National final expenditure

Gross national final expenditure is the sum of the final consumption
expenditure, the gross fixed capital formation and the changes in
inventories.

Consumption expenditure

Final consumption expenditure consists of expenditure incurred by resident
institutional units on goods and services that are used for the direct
satisfaction of individual needs or wants or the collective needs of
members of the community. Final consumption expenditure may take place on
the domestic territory or abroad.
Final consumption expenditure exists only for households, NPI
households and general government.

Consumption by general government

Final consumption expenditure by general government results from the
specific recording of government output. Only a small part of government
output is actually sold (market output). The larger part of government
output is paid out of public funds and provided free of charge to all
sectors (non-market output). Because the allocation of government output
to different users will encounter large problems, the government is by
convention considered to be the consumer of its own output. Because of the
absence of market prices output and final consumption expenditure by
general government is calculated from the production costs:
intermediate consumption
plus:
plus:
plus:
minus:
=
minus:
minus:
plus:
=

Gross fixed capital formation

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 dwellings,
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.

By government

Gross fixed capital formation by general government.

Production approach to GDP

The composition of GDP from the value added of all economic activities is
provided in this part.
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.

Gross value added at basic prices

Gross value added at basic prices of all economic activities.
Value added at basic prices by industry is equal to the difference between
output (basic prices) and intermediate consumption (purchaser prices).
Economic activities are classified conform the standard industrial
classification 2008 (NACE Rev. 2)used by the National Accounts.

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.
This category is made up of the categories:
O Public administration, public services and compulsory social security
P Education
Q Human health and social work activities
R Culture, sports and recreation
S Other service activities
T Activities of households as employers; undifferentiated goods- and
service- producing activities of households for own use
U Extraterritorial organisations and bodies

O-Q Government and care

This category is made up of the categories:
O Public administration, public services and compulsory social security
P Education
Q Human health and social work activities

Total

This category is made up of the categories:
O Public administration, public services and compulsory social security
P Education
Q Human health and social work activities

O-P Government an education

This category is made up of the categories:
O Public administration, public services and compulsory social security
P Education

Total

This category is made up of the categories:
O Public administration, public services and compulsory social security
P Education

O Public administration and services

O Public administration, public services and compulsory social security

P Education

P Education

Q Health and social work activities

Q Human health and social work activities

Additional details

The additional details of some variables in the previous parts of this
table are being given in this section.

Consumption expenditure

More specific details of the final consumption expenditure are provided
in part of the table.
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

Expenditure classification

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 general government

Final consumption expenditure by general government results from the
specific recording of government output. Only a small part of government
output is actually sold (market output). The larger part of government
output is paid out of public funds and provided free of charge to all
sectors (non-market output). Because the allocation of government output
to different users will encounter large problems, the government is by
convention considered to be the consumer of its own output. Because of the
absence of market prices output and final consumption expenditure by
general government is calculated from the production costs:
intermediate consumption
plus:
plus:
plus:
minus:
=
minus:
minus:
plus:
=

Total

Final consumption expenditure by general government results from the
specific recording of government output. Only a small part of government
output is actually sold (market output). The larger part of government
output is paid out of public funds and provided free of charge to all
sectors (non-market output). Because the allocation of government output
to different users will encounter large problems, the government is by
convention considered to be the consumer of its own output. Because of the
absence of market prices output and final consumption expenditure by
general government is calculated from the production costs:
intermediate consumption
plus:
plus:
plus:
minus:
=
minus:
minus:
plus:
=

Individual consumption by government

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. These goods and services are
financed by the general government but then divided to individuals.

Collective consumption by government

Services for collective consumption (collective services) are provided
simultaneously to all members of the community or all members of a
particular section of the community. Actual collective consumption
consists in particular of government expenditures on services in the field
of:
management and regulation of society.
security and defence.
law and order, legislation and regulation.
public health.
environment.
research and development.
infrastructure and economic development.