Sector accounts; seasonally adjusted data, NA, 1999-2017

Sector accounts; seasonally adjusted data, NA, 1999-2017

Seasonal and working day adjustment Periods Total domestic sectors Gross domestic product (mln euro) Total domestic sectors Gross operating surplus (mln euro) Total domestic sectors Gross national income (mln euro) Total domestic sectors Gross disposable income (mln euro) Total domestic sectors Gross saving (mln euro) Total domestic sectors Net lending (+) or net borrowing (-) (mln euro) Non-financial corporations Value added (mln euro) Non-financial corporations Gross operating surplus (mln euro) Non-financial corporations Gross fixed capital formation (mln euro) Non-financial corporations Compensation of employees (mln euro) General government Final consumption expenditure (mln euro) General government Gross fixed capital formation (mln euro) General government Total revenue (mln euro) General government Total expenditure (mln euro) General government Balance general government sector (EMU) (mln euro) Households including NPISHs Resources Compensation of employees (mln euro) Households including NPISHs Resources Property income (mln euro) Households including NPISHs Resources Social benefits in cash (mln euro) Households including NPISHs Resources Other current transfers (mln euro) Households including NPISHs Resources Adjustm. change in pension entitlements (mln euro) Households including NPISHs Uses Final consumption expenditure (mln euro) Households including NPISHs Uses Gross fixed capital formation (mln euro) Households including NPISHs Uses Property income (mln euro) Households including NPISHs Uses Current taxes on income and wealth (mln euro) Households including NPISHs Uses Net social contributions (mln euro) Households including NPISHs Uses Other current transfers (mln euro) Households including NPISHs Uses Adjustm. change in pension entitlements (mln euro) Households including NPISHs Gross operating surplus (mln euro) Households including NPISHs Gross disposable income (mln euro) Households including NPISHs Gross saving (mln euro) Rest of the world Resources Imports of goods and services (mln euro) Rest of the world Resources Received primary income (mln euro) Rest of the world Resources Received current transfers (mln euro) Rest of the world Resources Adjustm. change in pension entitlements (mln euro) Rest of the world Resources Received capital transfers (mln euro) Rest of the world Uses Exports of goods and services (mln euro) Rest of the world Uses Paid primary income (mln euro) Rest of the world Uses Paid current transfers (mln euro) Rest of the world Uses Adjustm. change in pension entitlements (mln euro) Rest of the world Uses Paid capital transfers (mln euro)
Original, unadjusted data 2015 1st quarter* 166,398 72,548 169,361 165,840 50,178 17,544 99,694 44,789 15,999 55,332 41,399 5,858 75,161 76,228 -1,067 75,987 10,979 30,338 6,217 5,024 74,165 8,166 1,195 14,417 42,044 6,399 0 15,122 74,588 5,447 117,600 54,920 6,576 98 355 137,913 57,883 3,055 0 302
Original, unadjusted data 2015 2nd quarter* 171,558 62,472 173,734 171,387 50,775 -15,071 100,849 35,344 17,377 66,004 44,525 6,509 72,655 80,484 -7,829 90,890 14,308 33,304 6,068 6,698 75,958 8,962 1,424 20,928 36,969 6,387 0 15,224 94,086 24,826 125,920 56,830 5,630 129 445 142,693 59,006 3,283 0 209
Original, unadjusted data 2015 3rd quarter* 168,098 75,614 166,617 164,927 46,507 14,026 100,492 46,512 14,992 54,421 41,350 6,147 66,446 72,556 -6,110 74,957 12,100 29,884 5,967 5,967 76,954 8,273 1,738 12,940 40,492 6,436 0 16,495 77,797 6,810 126,615 58,233 4,708 116 254 143,801 56,752 3,018 0 227
Original, unadjusted data 2015 4th quarter* 177,403 72,488 169,898 166,634 45,750 6,043 104,606 44,706 21,635 59,277 44,403 5,996 78,478 77,491 987 83,319 12,476 29,720 5,718 4,575 76,393 8,761 1,732 11,035 48,251 6,062 0 16,515 80,668 8,850 127,908 62,743 6,064 88 770 145,771 55,238 2,800 0 193
Original, unadjusted data 2016 1st quarter* 170,749 73,508 170,877 167,345 49,606 16,630 101,993 45,423 17,488 56,964 41,525 5,795 76,949 76,442 507 77,982 11,112 30,601 6,136 4,499 76,122 10,018 1,281 14,211 43,032 6,486 0 16,411 77,232 5,609 120,352 50,782 5,955 92 873 141,066 50,910 2,423 0 201
Original, unadjusted data 2016 2nd quarter* 176,193 63,523 173,669 172,099 49,666 13,411 104,285 36,786 18,656 67,914 45,222 6,333 78,467 80,543 -2,076 93,181 14,334 33,878 5,883 6,488 77,082 10,269 1,065 17,598 42,168 6,427 0 15,893 95,911 25,317 125,085 54,719 5,108 129 280 142,892 52,195 3,538 0 212
Original, unadjusted data 2016 3rd quarter* 172,657 76,291 169,356 166,796 46,416 12,217 103,546 47,402 16,153 56,350 41,720 6,224 71,530 73,419 -1,889 77,389 11,756 30,752 6,253 5,317 78,552 10,133 978 13,430 42,653 6,407 0 16,899 79,581 6,346 126,654 55,983 5,086 108 204 144,855 52,682 2,526 0 180
Original, unadjusted data 2016 4th quarter* 183,042 73,815 180,329 180,714 56,479 17,352 108,192 45,489 20,103 61,584 45,215 6,146 80,876 74,845 6,031 86,089 11,849 30,402 5,796 4,031 78,936 9,743 1,292 12,872 46,792 6,245 0 17,389 84,324 9,419 129,878 55,539 2,180 84 532 150,504 52,826 2,565 0 254
Original, unadjusted data 2017 1st quarter* 177,872 77,805 179,306 177,137 55,513 20,890 106,088 47,923 17,515 59,055 42,701 5,781 81,534 76,302 5,232 80,545 10,809 31,184 6,074 4,364 78,835 10,933 1,417 17,526 41,786 6,545 0 18,229 79,567 5,096 135,890 55,912 4,727 88 586 158,130 57,346 2,558 0 183
Original, unadjusted data 2017 2nd quarter* 184,177 66,862 180,836 179,426 53,033 14,909 109,167 38,746 19,911 70,781 46,068 6,011 79,430 81,013 -1,583 96,671 14,492 34,377 5,965 6,937 80,189 11,249 1,434 19,007 43,692 6,537 0 17,989 98,824 25,572 134,911 62,489 5,030 136 209 154,879 59,148 3,620 0 202
Original, unadjusted data 2017 3rd quarter* 180,098 79,674 179,251 177,472 52,711 17,161 108,187 49,075 17,089 59,116 42,763 7,086 74,197 75,362 -1,165 80,357 11,989 31,421 6,109 5,417 81,889 10,660 1,660 14,642 44,222 6,393 0 18,998 81,957 5,485 137,081 64,158 4,359 109 286 157,030 63,311 2,580 0 170
Original, unadjusted data 2017 4th quarter* 191,021 77,705 189,602 188,112 60,736 20,520 113,114 47,729 20,510 64,839 46,289 6,874 84,868 79,338 5,530 90,078 12,306 31,019 6,106 4,410 80,997 10,451 1,699 18,086 45,537 6,244 0 19,285 87,228 10,641 140,401 62,218 4,786 90 342 163,886 60,799 3,296 0 309
Seasonally and working day adjusted data 2015 1st quarter* 168,508 69,480 169,360 166,643 48,713 15,441 100,249 41,866 16,719 58,349 42,849 6,130 73,012 76,793 -3,781 80,582 12,214 30,830 6,071 5,871 74,718 7,949 1,229 14,152 42,847 6,235 0 14,992 80,751 11,537 120,079 58,653 6,058 114 374 138,429 58,867 3,102 0 301
Seasonally and working day adjusted data 2015 2nd quarter* 170,618 70,965 171,756 169,614 50,520 -14,374 101,154 42,740 16,757 58,581 42,837 6,347 72,112 76,557 -4,445 81,036 12,041 30,845 6,098 5,057 75,971 8,811 1,437 16,673 38,003 6,318 0 15,819 82,090 11,337 125,847 56,458 5,619 98 486 144,376 58,349 2,996 0 195
Seasonally and working day adjusted data 2015 3rd quarter* 172,152 71,591 171,042 168,751 49,057 15,150 101,894 43,460 17,069 58,831 43,213 6,029 72,826 76,341 -3,515 81,492 12,706 30,753 5,916 5,871 76,403 8,402 1,754 13,849 42,559 6,428 0 16,217 82,780 12,369 125,900 58,095 5,416 112 361 144,455 56,776 3,139 0 250
Seasonally and working day adjusted data 2015 4th quarter* 172,256 71,159 167,452 163,779 44,921 6,325 102,104 43,269 19,172 59,253 42,841 5,999 74,721 77,177 -2,456 81,987 12,833 30,832 5,886 5,470 76,350 9,039 1,663 13,876 44,226 6,287 0 16,326 81,169 10,625 126,494 59,521 5,884 107 603 143,241 54,887 2,920 0 185
Seasonally and working day adjusted data 2016 1st quarter* 173,143 70,576 170,799 168,208 48,261 14,686 102,804 42,673 18,297 60,074 42,922 6,094 74,807 76,827 -2,020 82,705 12,476 31,119 5,983 5,313 76,724 9,785 1,314 13,726 44,104 6,348 0 16,302 82,835 11,844 122,636 54,311 5,425 107 940 141,561 51,848 2,487 0 202
Seasonally and working day adjusted data 2016 2nd quarter* 174,561 71,330 171,740 170,608 49,679 14,127 104,308 43,989 17,994 60,333 43,538 6,146 77,875 76,731 1,144 83,172 12,198 31,369 5,935 4,892 77,093 10,056 1,097 14,329 43,223 6,348 0 16,446 83,754 11,680 123,487 54,311 5,020 99 295 142,605 51,693 3,227 0 205
Seasonally and working day adjusted data 2016 3rd quarter* 176,578 72,212 173,965 170,661 49,526 13,121 104,891 44,281 18,316 60,887 43,522 6,104 78,080 77,033 1,047 84,116 12,245 31,554 6,183 5,203 77,958 10,279 985 14,457 44,262 6,401 0 16,650 84,528 12,028 126,066 54,772 5,766 104 277 145,595 52,238 2,662 0 209
Seasonally and working day adjusted data 2016 4th quarter* 178,189 72,856 177,727 177,477 54,700 17,676 106,086 44,184 17,909 61,493 43,712 6,141 77,266 74,792 2,474 84,619 12,082 31,594 5,951 4,936 78,917 10,078 1,213 15,825 43,059 6,459 0 17,200 85,586 11,075 129,251 53,629 2,117 103 377 148,941 52,835 2,676 0 231
Seasonally and working day adjusted data 2017 1st quarter* 179,979 74,100 179,207 178,177 54,081 18,707 106,899 45,253 18,286 62,245 44,085 5,976 79,197 76,505 2,692 85,441 12,219 31,735 5,941 5,154 79,445 10,687 1,453 16,813 43,044 6,419 0 18,118 85,742 11,460 136,359 58,804 4,326 102 556 156,687 58,183 2,640 0 190
Seasonally and working day adjusted data 2017 2nd quarter* 182,814 75,605 178,668 177,880 53,485 15,653 108,983 45,778 19,159 63,078 44,381 5,959 78,945 77,336 1,609 86,350 12,386 31,856 6,019 5,361 80,191 10,984 1,479 15,748 44,585 6,454 0 18,526 86,406 11,767 134,977 62,005 4,976 106 224 156,349 58,773 3,285 0 200
Seasonally and working day adjusted data 2017 3rd quarter* 184,328 75,812 184,475 181,670 56,378 18,689 109,886 45,976 19,338 63,767 44,564 6,929 80,672 78,820 1,852 87,365 12,435 32,164 6,043 5,294 81,288 10,819 1,661 15,711 45,572 6,390 0 18,770 87,830 11,423 137,388 62,477 4,885 106 389 158,844 62,570 2,736 0 202
Seasonally and working day adjusted data 2017 4th quarter* 186,428 76,968 186,645 184,419 58,048 20,430 111,026 46,484 18,400 64,666 44,801 6,852 81,286 79,500 1,786 88,440 12,499 32,259 6,234 5,331 80,999 10,823 1,610 21,812 42,152 6,452 0 19,085 88,451 12,041 140,642 61,491 4,715 109 254 163,304 61,078 3,393 0 273
Source: CBS.
Explanation of symbols

Table description


This table provides an overview of some non-financial transactions and balancing items of the institutional sectors of the Dutch economy. The data is presented both seasonally and working day adjusted and unadjusted. Adjustments for seasonal effects and working day effects assist in the drawing of conclusions on quarter-to-quarter developments and help to reveal trends. The non-seasonally adjusted data are identical to (sums of) the non-consolidated data from the table 'current transactions by sector'. For total government revenue and expenditure the data are identical to sums of consolidated data.

Data available from: 1999 up to and including 2017.

Status of the figures:
The data of the period 1999-2014 are final. Data of 2015, 2016 and 2017 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 Sector accounts; seasonally adjusted data, National Accounts. For further information see section 3.

When will new figures be published?
Not applicable anymore.

Description topics

Total domestic sectors
The domestic sectors consist of non-financial corporations, financial corporations, general government, households and non-profit institutions (NPI) serving households. The breakdown into institutional sectors is based on international rules.
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.

Gross operating surplus
The surplus that remains after compensation of employees and taxes less subsidies on production and imports have been subtracted from the sum of value added at basic prices. For the self-employed (who are part of the sector households) the surplus is called mixed income, it is partly a reward for their entrepreneurship compensation for their labour.

In the system of national accounts gross means that consumption of fixed capital (depreciation) has not been subtracted. When it has, net is used. Depreciation must be paid for from the gross operating surplus.
Gross national income
Total primary income received by resident institutional units: compensation of employees, operating surplus / mixed income (gross), net property income and net taxes on production and imports less subsidies. Incomes flowing from one domestic sector to another have no effect on net national income. Gross national income (at market prices) equals GDP minus primary income paid by resident institutional units to non-resident institutional units plus primary income received by resident institutional units from the rest of the world. The division of payments by member states to the European Union is largely based upon differences in gross national income.

National income is not a production concept but an income concept, which is more significant if expressed in net terms, i.e. after deduction of consumption of fixed capital.
Gross disposable income
The sum of the gross disposable incomes of the institutional sectors. Gross national disposable income equals gross national income (at market prices) minus current transfers (current taxes on income, wealth et cetera, social contributions, social benefits and other current transfers) paid to non-resident units, plus current transfers received by resident units from the rest of the world. Because disposable national income is not a production concept but an income concept, it is usually expressed in net terms, i.e. after deduction of depreciation (consumption of fixed capital).
Gross saving
The portion of national disposable income that has not been used for final consumption expenditure.
Net lending (+) or net borrowing (-)
Net lending (+) or net borrowing (-) is the balancing item on the current and the capital account. This balancing item equals the balance of transactions on the financial account; a deficit on the current and capital account is financed by new liabilities and/or the sale of financial assets. In case of a surplus, liabilities are repaid and/or financial assets acquired.
Net lending or net borrowing for the total economy is equal to the balance on the current and the capital account of all institutional sectors. The balance of the financial account for the total economy shows the amount of net lending to or borrowing from the rest-of-the-world.
Non-financial corporations
The non-financial corporations sector consists of institutional units which are independent legal entities and market producers, and whose principal activity is the production of goods and non-financial services.
Non-financial corporations include:
- all corporations, quasi-corporations and co-operative organisations which do not belong to the financial corporations.
- all non-profit institutions which do not pertain to the other sectors. Examples are old people's homes, hospitals and housing corporations.
- public enterprises, which are fully or partly owned by the government, like Dutch Rail-ways (NS).
Value added
The value of all goods and services produced (production value or output), minus those that have been intermediately used upon production (intermediate consumption). Value added is rated at basic prices: purchaser's prices minus trade and transport margins and taxes on products paid and plus subsidies on products received. Intermediate consumption is rated at purchaser's prices minus non-deductible VAT.
Included is the output by all kind-of-activity units residing in the Netherlands, also those that are held by foreign owners.
Gross operating surplus
The surplus that remains after compensation of employees and taxes less subsidies on production and imports have been subtracted from the sum of value added at basic prices. For the self-employed (who are part of the sector households) the surplus is called mixed income, it is partly a reward for their entrepreneurship compensation for their labour.

In the system of national accounts gross means that consumption of fixed capital (depreciation) has not been subtracted. When it has, net is used. Depreciation must be paid for from the gross operating surplus.
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.
Compensation of employees
The compensation of employees is the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done by the latter during an accounting period. The compensation of employees is equal to the sum of wages and salaries and employers' social contributions.
General government
The general government sector primarily consists of all entities that exercise national executive, legislative and judiciary powers on a national or regional level. By this they have powers to raise taxes and other compulsory levies and to pass laws affecting the behaviour of economic units. In the Netherlands this concerns the State, municipalities, provinces, public water boards and the like. In the second place general government consists of entities that are controlled and mainly financed by the aforementioned entities, and do not produce for the market. Such entities are often established to carry out specific functions, such as road construction or the non-market production of health, education or research services. In this way, for instance, Prorail and the Open University are counted to the general government.
Government institutions that are active abroad, like embassies, belong to the general government sector as well. On the other hand foreign embassies and international institutions, like Europol and the International Court of Justice, do not belong to the Dutch government.

The Dutch Central Bank (DNB), the Dutch railways (NS), hospitals and power companies are not part of the general government sector. But also some independent governing bodies like the land registry (Kadaster). To some extent they are controlled by the government. However, their goods and services are largely financed through tariffs, and thus it is a case of market production.

The general government sector is split up into three subsectors: central government, local government and social security funds.

The principal economic functions of government are as follows:
- to provide goods and services to the community, either for collective consumption such as public administration, defence, and law enforcement, or individual consumption such as education, health, recreation and cultural services, and to finance their provision out of taxation or other incomes;
- to redistribute income and wealth by means of transfer payments such as taxes and social benefits;
- to engage in other types of non-market production.
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 definition 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 therefore 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.
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 revenue
The total revenue of general government is the sum of taxes, net social contributions, sales (defined as market output, output for own final use and payments for non-market production), other current revenues and capital transfer revenues.
Total expenditure
Total expenditure of the General Government includes the remuneration of employees, intermediate consumption, fixed capital formation, legal social insurance, social benefits, subsidies, benefits legal provision income property, other expenditure n.e.c. (taxes on production and not related to products, benefits directly by employers, other current transfers, capital transfers, balance buying and selling of non-produced non-financial assets).
Balance general government sector (EMU)
Balance between revenue and expenditure of the general government sector, presented as percentage of GDP. In the national accounts this equals net lending/net borrowing of the general government sector.
The balance of the general government sector (or EMU-balance) is an element of the Stability and Growth Pact. A positive figure indicates a surplus; a negative figure indicates a deficit.
Households including NPISHs
Households including non-profit institutions serving households (NPISH)
The households sector consists of individuals or groups of individuals as consumers and as entrepreneurs producing market goods and non-financial and financial services (market producers) provided that the production of goods and services is not by separate entities treated as quasi-corporations. It also includes individuals or groups of individuals as producers of goods and non-financial services for exclusively own final use.
The sector households includes all natural persons who are resident for more than one year in the Netherlands, irrespective of their nationality. On the other hand Dutch citizens who stay abroad for longer than one year do not belong to the Dutch sector households.
The sector households does not only cover independently living persons, but also persons in nursing homes, old people's homes, prisons, boarding schools, etc. If persons are entrepreneurs, their business also belongs to the sector households. This is the case for self-employed persons (one-man business). Large autonomous unincorporated enterprises (quasi-corporations) are included in the sector non-financial or financial corporations.

The non-profit institutions serving households (NPISHs) sector consists of non-profit institutions which are separate legal entities, which serve households and which are private non-market producers. Their principal resources are voluntary contributions in cash or in kind from households in their capacity as consumers, from payments made by general government and from property income.
Examples are religious organisations, charity organisations, political parties, trade unions and cultural, sports and recreational organisations.
Resources
Resources are transactions add to the economic value of sectors.
Compensation of employees
The compensation of employees is the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done by the latter during an accounting period. The compensation of employees is equal to the sum of wages and salaries and employers' social contributions.
Property income
Property income is the income receivable by the owner of a financial asset or a tangible non-produced asset in return for providing funds to, or putting the tangible non-produced asset at the deposal of, another institutional unit.
Social benefits in cash
Social benefits other than social transfers in kind is made up of three sub-headings:
- social security benefits in cash
- other social insurance benefits
- social assistance benefits in cash.
Other current transfers
Other current transfers consist of non-life insurance premiums, non-life insurance claims, current transfers within general government, current international co-operation and miscellaneous current transfers.
Adjustm. change in pension entitlements
Since households are treated in the financial accounts as owners of the pension entitlements an adjustment item is necessary to ensure that any excess of contributions to pension schemes over pension benefits does not affect household savings. This adjustment is equal to the difference between net pension contributions (including imputed contributions) and pension benefits.
Uses
Uses are transactions appear which deduces the economic value of sectors.
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 definition 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 therefore 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.
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.
Property income
Property income is the income receivable by the owner of a financial asset or a tangible non-produced asset in return for providing funds to, or putting the tangible non-produced asset at the deposal of, another institutional unit.
Current taxes on income and wealth
Current taxes on income and wealth of corporations consist of corporation tax and dividend tax. These taxes are based on the profits of corporations.
Current taxes on income and wealth of households include all taxes, which are periodically imposed on income and wealth, such as the income tax, the wage tax and the tax on net wealth of individuals. Non-periodical levies, such as inheritance tax are defined as capital transfers. Several types of taxes are simultaneously seen as taxes on production and imports when imposed on producers and as taxes on income and wealth when imposed on consumers. For instance, motor vehicle tax is a tax on production when it is imposed on company cars and it is a tax on income and wealth and imports when it is imposed on cars for private use.
The treatment of dividend tax results from the recording of dividends. Because dividends are recorded gross, i.e. before deduction of dividend tax, dividend tax is in all cases recorded at the receiving sector. The same applies for the dividend tax to and from the rest of the world.
Net social contributions
Social contributions include social security contributions, private social contributions (among which contributions to pension schemes) and imputed social contributions. Employers, employees, self-employed persons and non-active persons pay these contributions. Actually, the employers' part is paid directly to the insurers. However, in the national accounts, the employers' contributions are supposed to be part of primary income of households (i.e. the income from direct participation in the production process). Therefore, in first instance these contributions are treated as payments by employers to households as compensation of employees, who are deemed to pay them to the insurers in the income account.
Other current transfers
Other current transfers consist of non-life insurance premiums, non-life insurance claims, current transfers within general government, current international co-operation and miscellaneous current transfers.
Adjustm. change in pension entitlements
Since households are treated in the financial accounts as owners of the pension entitlements an adjustment item is necessary to ensure that any excess of contributions to pension schemes over pension benefits does not affect household savings. This adjustment is equal to the difference between net pension contributions (including imputed contributions) and pension benefits.
Gross operating surplus
The surplus that remains after compensation of employees and taxes less subsidies on production and imports have been subtracted from the sum of value added at basic prices. For the self-employed (who are part of the sector households) the surplus is called mixed income, it is partly a reward for their entrepreneurship compensation for their labour.

In the system of national accounts gross means that consumption of fixed capital (depreciation) has not been subtracted. When it has, net is used. Depreciation must be paid for from the gross operating surplus.
Gross disposable income
The sum of the gross disposable incomes of the institutional sectors. Gross national disposable income equals gross national income (at market prices) minus current transfers (current taxes on income, wealth et cetera, social contributions, social benefits and other current transfers) paid to non-resident units, plus current transfers received by resident units from the rest of the world. Because disposable national income is not a production concept but an income concept, it is usually expressed in net terms, i.e. after deduction of depreciation (consumption of fixed capital).
Gross saving
The portion of national disposable income that has not been used for final consumption expenditure.
Rest of the world
The rest of the world sector is a grouping of units without any characteristic functions and resources; it consists of non-resident units insofar as they are engaged in transactions with resident institutional units, or have other economic links with resident units. Its accounts provide an overall view of the economic relationships linking the national economy with the rest of the world. The institutions of the EU and international organisations are included.
The rest of the world is not a sector for which complete sets of accounts have to be kept, but it is convenient to treat the rest of the world as a sector. Sectors are obtained by disaggregating the total economy to obtain more homogeneous groups of resident institutional units, which are similar in respect to their economic behaviour, objectives and functions. This is not the case for the rest of the world sector: for this sector, there are recorded the transactions and other flows of non-financial and financial corporations, non-profit institutions, households and general government with non-resident institutional units and other economic relationships between residents and non-residents, e.g. claims by residents on non-residents.
Resources
Resources are transactions add to the economic value of sectors.
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.
Received primary income
Compensation of employees, property income and (EU) taxes on production and imports received by the rest of the world from the Netherlands.
Received current transfers
Current taxes on income and wealth, social contributions, social benefits in cash and other current transfers received by rest of the world from the Netherlands.
Adjustm. change in pension entitlements
Since households are treated in the financial accounts as owners of the pension entitlements an adjustment item is necessary to ensure that any excess of contributions to pension schemes over pension benefits does not affect household savings. This adjustment is equal to the difference between net pension contributions (including imputed contributions) and pension benefits.
Received capital transfers
Capital transfers received by the rest of the world from the Netherlands.

Uses
Uses are transactions appear which deduces the economic value of sectors.
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.
Paid primary income
Compensation of employees, property income and (EU) subsidies paid from the rest of the world to the Netherlands.
Paid current transfers
Current taxes on income and wealth, social contributions, social benefits in cash and other current transfers paid from rest of the world to the Netherlands.
Adjustm. change in pension entitlements
Since households are treated in the financial accounts as owners of the pension entitlements an adjustment item is necessary to ensure that any excess of contributions to pension schemes over pension benefits does not affect household savings. This adjustment is equal to the difference between net pension contributions (including imputed contributions) and pension benefits.
Paid capital transfers
Capital transfers paid from the rest of the world to the Netherlands.