Structure national net lending/borrowing; National Accounts

Structure national net lending/borrowing; National Accounts

Periods Consumption of fixed capital (-) (million euros) Final consumption expenditure (-) (million euros)
2020* 139,285 542,858
Source: CBS.
Explanation of symbols

Table description

This table presents annual figures about the structure of national net lending or net borrowing, starting from the gross domestic product. National net lending or net borrowing is the difference between the assets of the Netherlands on the rest of the world and the liabilities of the Netherlands to the rest of the world.
National net lending or net borrowing presents the amount all sectors together in the Netherlands can lend / invest or has to borrow, given the current and capital transactions.

Data available from: 1995.

Status of the figures:
Data from 1995 up to and including 2019 are final. Data of 2020 are provisional.

Changes as of June 24th 2021:
Data of 2020 have been added to this table.
Following revision policy, 2019 and 2020 data are updated, and time series of the financial account and balances are revised (annual revision).
Data in the current account of government finance statistics are adjusted for the time period 1995 - 2020.

When will new figures be published?
Provisional data are published 6 months after the end of the reporting year. Final data are released 18 months after the end of the reporting year.

Description topics

Consumption of fixed capital (-)
The decline in value of fixed assets owned, as a result of normal wear and tear and obsolescence.

For the estimation of the consumption of fixed capital the perpetual inventory method (PIM) is applied. The capital stock at the beginning of the year is brought to replacement value because of price changes. The fixed capital formation during the year is added to this capital stock. Next it is diminished with the value of capital goods discarded. This gives to value of capital stock at the end of the year. The consumption of fixed obtained by applying a depreciation percentage.
This method may differ considerably from the method used to calculate depreciation in business accounts, which is based on historical costs or fiscal life span.
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.