GDP, output and expenditures; value, QNA, 1995-2017

GDP, output and expenditures; value, QNA, 1995-2017

Dimensions Periods Expenditure approach to GDP Disposable for final expenditure Total (mln euro) Expenditure approach to GDP Disposable for final expenditure Gross domestic product (mln euro) Expenditure approach to GDP Disposable for final expenditure Imports of goods and services Total (mln euro) Expenditure approach to GDP Disposable for final expenditure Imports of goods and services Imports of goods (mln euro) Expenditure approach to GDP Disposable for final expenditure Imports of goods and services Imports of services (mln euro) Expenditure approach to GDP Final expenditure Total (mln euro) Expenditure approach to GDP Final expenditure National final expenditure Total (mln euro) Expenditure approach to GDP Final expenditure National final expenditure Final consumption expenditure Total (mln euro) Expenditure approach to GDP Final expenditure National final expenditure Final consumption expenditure Households including NPISHs (mln euro) Expenditure approach to GDP Final expenditure National final expenditure Final consumption expenditure General government (mln euro) Expenditure approach to GDP Final expenditure National final expenditure Gross fixed capital formation Total (mln euro) Expenditure approach to GDP Final expenditure National final expenditure Changes in inventories incl. valuables (mln euro) Expenditure approach to GDP Final expenditure Exports of goods and services Total (mln euro) Expenditure approach to GDP Final expenditure Exports of goods and services Exports of goods (mln euro) Expenditure approach to GDP Final expenditure Exports of goods and services Exports of services (mln euro)
Prices of 2010 2018 1st quarter* 310,270 173,747 136,423 103,092 33,454 310,270 152,255 115,488 74,444 40,999 38,174 -1,057 157,819 124,118 33,901
Prices of 2010 seasonally adjusted 2018 1st quarter* 314,604 176,317 137,961 103,212 34,867 314,604 156,074 117,408 74,980 42,382 38,741 231 158,340 122,966 35,551
Current prices 2018 1st quarter* 328,289 186,213 142,076 105,097 36,979 328,289 163,829 126,677 82,581 44,096 38,616 -1,464 164,460 129,572 34,888
Current prices, seasonally adjusted 2018 1st quarter* 331,514 188,747 143,067 104,671 38,320 331,514 167,452 128,378 83,222 45,413 39,074 -2 164,107 127,533 36,599
Source: CBS.
Explanation of symbols

Table description


This table provides data from Quarterly National Accounts (QNA) of Statistics The Netherlands. It contains quarterly and annual data on production, expenditures, income and external economic transactions of The Netherlands.

The above mentioned macroeconomic variables are presented in:

- Value at current prices, mln euro
- Value at current prices, mln euro, seasonally adjusted
- Value at prices of 2010, mln euro
- Value at prices of 2010, mln euro, seasonally adjusted

Data available from: 1995 first quarter up to and including 2018 first quarter.

Status of the figures:
The figures of the period 1995-2014 are final. Data of 2015, 2016, 2017 and 2018 are provisional. Since this table has been discontinued, data will not become final.

Changes as of June 22nd 2018:
None. This table has been discontinued.
Statistics Netherlands has carried out a revision of the national accounts. New statistical sources and estimation methods have been used during the revision. Therefore this table has been replaced by table GDP, output and expenditures; value, Quarterly National Accounts. For further information see section 3.

When will new figures be published?
Not applicable anymore.

Description topics

Expenditure approach to GDP
The way GDP is formed by underlying components in the so-called expenditure approach. In this approach the components are consumption by households, consumption by the general government, gross fixed capital formation, changes in inventories and exports, minus imports. Changes in inventories are included for consistency with the production approach. From the 2010 edition of the European System of Accounts onwards these changes are added to fixed capital formation. Consumption, fixed capital formation and changes in inventories add up to the so-called national final expenditure. By adding exports final expenditure is obtained. Intermediate consumption, goods and services used upon production, is not part of final expenditure.
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 theexports of goods and services.
Total
Gross domestic product
Gross domestic product (GDP) is a quantity that expresses the size of an economy. The volume change of GDP during a reference period expresses the growth or shrinkage of the economy. Gross domestic product at market prices is the final result of the production activity of resident producer units. It can be defined in three ways:

- production approach: GDP is the sum of gross value added of the various institutional sectors or the various industries plus taxes and less subsidies on products (which are not allocated to sectors and industries). It is also the balancing item in the total economy production account;
- expenditure approach: GDP is the sum of final uses of goods and services by resident institutional units (final consumption and gross capital formation), plus exports and minus imports of goods and services;
- income approach: GDP is the sum of uses in the total economy generation of income account (compensation of employees, taxes on production and imports less subsidies, gross operating surplus and mixed income of the total economy).

Net domestic product at market prices (NDP) can be obtained by deducting consumption of fixed capital from GDP.
Imports of goods and services
Transactions in goods and services (sales, barter and gifts) from non-residents to residents (in the Netherlands). Imports of goods occurs when economic ownership of goods is passed from non-residents to residents. This applies irrespective of corresponding physical movements of goods across frontiers. An enterprise or institution is considered residential after it has been active in the Netherlands for at least one year. This applies irrespective of the question whether the enterprise or institute has foreign owners.
Total
Imports of goods
Transactions in goods (sales, barter and gifts) from non-residents to residents (in the Netherlands). Imports of goods occurs when economic ownership of goods is passed from non-residents to residents. This applies irrespective of corresponding physical movements of goods across frontiers. An enterprise or institution is considered residential after it has been active in the Netherlands for at least one year. This applies irrespective of the question whether the enterprise or institute has foreign owners. Part of the imports are raw materials, semifinished products, fuel and fixed assets. Furthermore, imports of goods may be re-exports: goods that were imported before being exported, after having received at most minor adaptations.
Imports of services
Transactions in services (sales, barter and gifts) from non-residents to residents (in the Netherlands). Imports of services applies among others to expenses made by Dutch companies abroad, like costs of transportation, banking costs and business travels. Imports by services are also made by the Dutch general government, among others by means of expenses made by Dutch embassies and consulates. Imports of services by households consist among others of imports of consumer goods and the direct consumptive expenditure by Dutch residents abroad.
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).
Total
National final expenditure
The sum of the consumption of households and the government, gross fixed capital formation and changes in inventories.
Total
Binnenlandse finale bestedingen die bestaan uit de consumptieve bestedingen van huishoudens en de overheid, de bruto investeringen in vaste activa (bruto) en de voorraadvorming.
Final consumption expenditure
Expenditure on goods or services that are used for the direct satisfaction of individual or collective needs. Expenses may be made at home or abroad, but they are always made by resident institutional units, that is households or institutions residing in the Netherlands. By defnition only households, non-profit institutions serving households (NPISHs) and government institutions consume. Enterprises do not: expenses they make on goods and services are thought to serve production and are therefor classified as intermediate consumption of fixed capital formation. The general government is a special case. The government also has intermediate consumption, just like enterprises. But the output delivered by the government which is not directly paid for, non-market output (like safety), is classified as consumption by the general government. It is said that the government ‘consumes its own production’. The system of national accounts demands that all that is produced is also consumed (or serves as an investment). By convention, government output is consumed by the government itself. This is not the only consumption by the general government. It also contains social transfers in kind. In the Netherlands this mainly concerns health care bills paid for by the government and an allowance for the rent.
Total
Households including NPISHs
Consumption expenditure by households and non-profit institutions serving households (NPISHs). Not all expenses made by households are seen as consumptive, households may invest as well. These investments mainly concern the purchase of houses and substantial costs on maintenance. Small costs on maintenance, indoor painting and the purchase of furniture is classified as consumption. This also applies to the purchase of cars and car maintenance.
General government
Consumption expenditure by the general government sector. The output delivered by the government which is not directly paid for, non-market output (like safety), is classified as consumption by the government. It is said that the government ‘consumes its own production’. The system of national accounts demands that all that is produced is also consumed (or serves as an investment). By convention, government output is consumed by the government itself. This is not the only consumption by the general government. Purchases by general government of goods and services produced by market producers that are supplied to households as social transfers in kind are part of government consumption as well. Examples of this in the Netherlands are ealth care bills paid for by the government and an allowance for the rent.

Government output consumed by the government is classified into collective consumption and individulisable consumption. Collective consumption by the government consists of services for collective consumption that are provided simultaneously to all members of the community. Examples of this are expenses on defense, environmental health or public governance. Individulisable consumption is made up of expenses that serve only part of the community. This concerns mainly education.
Gross fixed capital formation
Expenditure on produced assets that are used in a production process for more than one year. This may concern a building, dwelling, transport equipment or a machine. This in contrast with goods and services which are used up during the production process, the so-called intermediate use (e.g. iron ore). Fixed capital does lose value over time as a result of normal wear and tear and obsolescence. This is called consumption of fixed capital (also called depreciation). The value of fixed capital formation in which the consumption of fixed capital is not deducted is called gross fixed capital formation. Deduction of the consumption of fixed capital results in net fixed capital formation.

The following types of fixed assets exist: dwellings and other buildings and structures, machinery and equipment, transport equipment, weapon systems (included in machinery and equipment), computers, software, telecommunication equipment, research and development, cultivated biological resources, mineral exploration and evaluation, and costs of ownership transfer on non-produced assets, like land, contracts, leases and licences.

Total
Changes in inventories incl. valuables
Changes in inventories including acquisitions less disposals of valuables
Changes in the stock of raw materials, semifinished products, work-in-progress (unfunished works like ships or oil rigs) and finished products still held by the producer. Changes in stock do not include progress made in construction. Positive changes in inventories arise when products are finished in the reference period but not yet sold. Alternatively, they arise when goods are purchased for intermediate consumption but not yet used. Negative changes in inventories arise when goods from stocks have been sold, or used in the production process. A more extensive list of changes in inventories is found in article 3.146 and further of the European System of Accounts 2010.

In measuring changes in inventories, changes in prices during the reference period are not allowed to have any effect. The initial and final inventory is therefor valued at the same price. Raw materials are valued at the price of purchase. Final products are valued at the selling price. Work-in-progress is valued at the cost-price.

Acquisitions less disposals of valuables This transaction consists of the acquisitions less disposals of precious stones, non-monetary gold, antiques, art objects and jewellery, that are acquired and held primarily as stores of value. In the national accounts this transaction is mostly combined with changes in inventories.
Exports of goods and services
Transactions in goods and services (sales, barter and gifts) from residents (in the Netherlands) to non-residents. Exports of goods occurs when economic ownership of goods is passed from residents to non-residents. This applies irrespective of corresponding physical movements of goods across frontiers. An enterprise or institution is considered residential after it has been active in the Netherlands for at least one year. This applies irrespective of the question whether the enterprise or institute has foreign owners.
Total
Exports of goods
Transactions in goods (sales, barter and gifts) from residents (in the Netherlands) to non-residents. Exports of goods occurs when economic ownership of goods is passed from residents to non-residents. This applies irrespective of corresponding physical movements of goods across frontiers. An enterprise or institution is considered residential after it has been active in the Netherlands for at least one year. This applies irrespective of the question whether the enterprise or institute has foreign owners. Part of the exports of goods are re-exports: goods that were imported before being exported, after having received at most minor adaptations.
Exports of services
Transactions in services (sales, barter and gifts) from residents (in the Netherlands) to non-residents. Exports of goods occurs when economic ownership of goods is passed from residents to non-residents. Exports of services include among others the following cases: transportation by resident carriers abroad, harbour services and ship maintenance to non-residents, works performed abroad by resident contractors. Expenses made in the Netherlands by foreign tourists, diplomats and cross-border workers.