Growth accounts; national accounts 1995-2016
| Model | Branches (SIC 2008) | Periods | Labour Hours worked (mln hours) | Capital services Capital services hours worked (euro) (euro) | Capital services Capital services hours worked (2010=100) (volume-index 2010=100) | Growth accounts Based on consolidated production Contribution of hours worked (percentage point) | Growth accounts Based on value added Contribution of hours worked (percentage points) |
|---|---|---|---|---|---|---|---|
| Official SN calculation | 87-88 Care and social work | 2016* | . | . | . | . | . |
| Neoclassical model | 87-88 Care and social work | 2016* | . | . | . | . | . |
| Source: CBS. | |||||||
Table explanation
This table presents the (experimental) outcomes of the Dutch growth accounts. The growth accounts show the contributions of the different production factors to the economic growth. This helps to determine which part of production growth is explained by a change in input of capital (K), labour (L), energy (E), materials (M) or services (S).
The results of the growth accounts also show the development of multifactor productivity. This is the part of economic growth that cannot be attributed to one of the production factors. Disaggregated data and labour productivity are also published in this table.
This table is based on the current classification of branches (SIC 2008). The figures in this table are based on the National Accounts, which have been compiled in accordance with ESA 2010.
Data available from: 1995
Status of the figures:
Data from 1995 up to and including 2014 are final. Data of 2015 and 2016 are provisional. Since this table has been discontinued, data of 2015 and 2016 will not become final.
Changes as of 15 June 2018:
Figures of 1995-2000 and 2016 have been added. Data of 2014 and 2015 have been revised. As a result of the addition of the reporting year 2000 it was possible to calculate the annual changes for the year 2001. Previously they were indicated with a dot (.), but now the percentual change is displayed.
Changes as of 24 July 2018:
For the reporting year 2016 the indices with base year 2010 have been calculated incorrectly. They were not congruent with the annual percentage changes. This has been corrected. The difference with the previous version of this table varies between +2.5 points and -3.2 points.
Changes as of May 24th 2019:
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 Approaches of domestic product (GDP); National Accounts. For further information see section 3.
When will new figures be published?
Not applicable anymore.
Description topics
- Labour
- Labour compensation of both employees and self employed as the value component and hours worked and labour composition as volume components. Labour composition is only shown in the growths accounts selections for value added and production.
- Hours worked
- The total of actually hours worked of an employee or self-employed person.
The total of working hours of employees is calculated by adding the hours paid for (the amount of agreed upon hours and paid overtime) to the unpaid overtime less the amount of hours that is paid for but not actually worked. This includes hours of sick leave, maternity leave, strikes etcetera. The hours worked for the self-employed are directly determined.
- Capital services
- The most important types of capital are included in the growth accounts. The capital stocks are included, as are the oil and natural gas reserves. In addition inventories, agricultural land and land underlying buildings are included. The value of capital services is equal to the costs of capital services, these costs are known as the user costs of capital. Conceptually these user costs are best comparable to the rental price of the capital goods. Normally the user costs of capital consists of four parts, namely the depreciation, the (attributed) interest cost, the balance of taxes and subsidies on the use of capital and the revaluation of losses and profits. When prices of capital goods increase, the resulting valuation profits need to be subtracted of the user costs of capital goods. Contrarily, when prices decrease the user costs increase.
- Capital services hours worked (euro)
- The productive inputs, per period per hour worked, that flow to production from a capital asset.
- Capital services hours worked (2010=100)
- Capital services per hour worked 2010=100
The productive inputs, per period per hour worked, that flow to production from a capital asset.
- Growth accounts
- The volume change of the consolidated production or value added is attributed to the different production factors and to multi-factor productivity.
- Based on consolidated production
- Growth accounts based on consolidated production.
The volume change of the consolidated production is attributed to the different production factors and to multi-factor productivity. The contributions are measured in percentage points. The contributions of capital, labour, intermediate consumption and multi-factor productivity together add up to the volume change of the consolidated production.- Contribution of hours worked
- The part of volume change of consolidated production caused by the change in hours worked. This variable is part of the contribution of labour.
- Based on value added
- The volume change of the value added is attributed to the different production factors and to multi-factor productivity. The contributions are measured in percentage points. The contributions of capital, labour, and multi-factor productivity together add up to the volume change of value added.
- Contribution of hours worked
- The part of volume change of value added caused by the change in hours worked. This variable is part of the contribution of labour.