Quarterly national accounts; changes 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.

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.

Imports of goods and services

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 foreign
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, semimanufactured 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

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 foreign
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, semimanufactured 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.

Imports of goods

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, semimanufactured products,
fuels and final products. Also included are imported goods, which are
re-exported without undergoing any processing.
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 foreign
freighters, from imports of goods to imports of services.
It leaves total imports and total exports unchanged.

Imports of services

Imports of services include among other things the expenditures abroad by
Dutch tourists, inhabitants of the border area and diplomats.
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 foreign
freighters, from imports of goods to imports of services.
It leaves total imports and total exports unchanged.

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

Exports of goods are goods, which have been exported by residents 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 foreign
tourists, inhabitants of the border area and diplomats in the Netherlands.

Total

Exports of goods are goods, which have been exported by residents 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 foreign
tourists, inhabitants of the border area and diplomats in the Netherlands.

Exports of goods

Exports of goods are goods, which have been exported by residents from the
Dutch economic territory to the rest of the world.

Exports of services

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 foreign
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 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 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.

A-F Agriculture and industry

This category is made up of the categories:
A Agriculture, forestry and fishing
B Mining and quarrying
C Manufacturing
D Electricity, gas, steam and air conditioning supply
E Water supply; sewerage, waste management and remediation activities
F Construction

A Agriculture, forestry and fishing

A Agriculture, forestry and fishing

F Construction

F Construction

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.
This category is made up of the categories:
G Wholesale and retail trade; repair of motor vehicles and motorcycles
H Transportation and storage
I Accommodation and food service activities
J Information and communication
K Financial institutions
L Renting, buying and selling of real estate
M Consultancy, research and other specialised business services
N Renting and leasing of tangible goods and other business support
services

M-N Business services

This category is made up of the categories:
M Consultancy, research and other specialised business services
N Renting and leasing of tangible goods and other business support
services

N Renting and other business support

N Renting and leasing of tangible goods and other business support
services

77 Renting and leasing of tangible goods

77 Renting and leasing of motor vehicles, consumer goods, machines and
other tangible goods

National net lending or net borrowing

This part of the table 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

Surplus on current transactions approach

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 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 households

Final consumption expenditure by households and by Non-Profit Institutions
Final consumption expenditure by households includes the following
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 private domestic
consumption expenditure. This includes final consumption in the
Netherlands by residents and non-residents. Final consumption by
households can be calculated by deducting from private domestic
consumption expenditure the final consumption by non-residents in the
Netherlands (registered as exports) 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

Consumption of goods by households and NPI households.

Total

Consumption of goods by households and NPI households.

Durable consumer goods

Consumption of durable consumer goods by households and NPI households.

Total

Consumption of durable consumer goods by households and NPI households.

Clothing and footwear

Consumption of clothing and footwear by households and NPI
households.

Vehicles and parts

Consumption of vehicles and parts by households and NPI households.

Home furnishing and other durable goods

Consumption of home furnishing and other durable goods by households and
NPI households.

Other goods

Consumption of other goods by households and NPI households.

Total

Consumption of other goods by households and NPI households.

Energy and water

Consumption of energy and water by households and NPI
households.

Motor fuel and other goods

Consumption of motor fuels and other goods by households and
NPI households.

Exports by groups of products

Details of exports of goods and services by groups of products.

Exports of used fixed capital goods

Exports of used fixed capital goods

Exports of goods

Exports of goods are goods, which have been exported by resi-
dents from the Dutch economic territory to the rest of the world.

Total

Exports of goods are goods, which have been exported by resi-
dents from the Dutch economic territory to the rest of the world.

Exports of goods from production

Exports of goods from production.

Re-exports

Re-exports

Exports of used fixed capital goods

Exports of used fixed capital goods.

Imports by groups of products

Details of imports of goods and services by groups of products.
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 foreign
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, semimanufactured 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.

Imports of goods

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, semimanufactured products,
fuels and final products. Also included are imported goods, which are
re-exported without undergoing any processing.
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 foreign
freighters, from imports of goods to imports of services.
It leaves total imports and total exports unchanged.

Total

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, semimanufactured products,
fuels and final products. Also included are imported goods, which are
re-exported without undergoing any processing.
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 foreign
freighters, from imports of goods to imports of services.
It leaves total imports and total exports unchanged.

Import of goods (cif)

Imports of goods include the transport and insurance costs made abroad
(cost-insurance-freight = cif-valuation).

Cif/fob-adjustment and reclassification

Cif/fob adjustment of the transport costs abroad of Dutch freighters.
Total imports (goods) and exports (services) are reduced by the same
amount.
Cif/fob reclassification of the transport costs abroad of foreign
freighters, from imports of goods to imports of services.
It leaves total imports and total exports unchanged.