Current transactions by sectors; National Accounts
Explanation of symbols
Dataset is not available.
This table provides an overview of the non-financial transactions of the institutional sectors of the Dutch economy, distinguishing between uses and resources. Non-financial transactions consist of current transactions and transactions from the capital account. Furthermore, this table provides the main balancing items of the (sub)sectors.
Non-financial transactions are estimated for the main institutional sectors of the economy and the rest of the world.
Sectors are presented both consolidated and non-consolidated.
Data available from:
Annual figures from 1995.
Quarterly figures from first quarter 1999.
Status of the figures:
The figures from 1995 up to and including 2020 are final. Data of 2021, 2022 and 2023 are provisional.
Changes as of March 25th 2024:
Data on the fourth quarter of 2023 and the year 2023 are available.
When will new figures be published?
Annual figures:
The first annual data are published 85 day after the end of the reporting year as the sum of the four quarters of the year. Subsequently 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. Furthermore the financial accounts and stocks are annually revised for all reporting periods. These data are published each year in June.
Quarterly figures: The first quarterly estimate is available 85 days after the end of each reporting quarter. The first quarter may be revised in September, the second quarter in December. Should further quarterly information become available thereafter, the estimates for the first three quarters may be revised in March. If (new) annual figures become available in June, the quarterly figures will be revised again to bring them in line with the annual figures.
Please note that there is a possibility that adjustments might take place at the end of March or September, in order to provide the European Commission with the latest figures. Revised yearly figures are published in June each year.
Description topics
- 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.
- Wages and salaries
- Wages and salaries are the remunerations an employee receives in return for work done during an accounting period. Wages and salaries include social contributions, income taxes and other payments payable by the employee, including those withheld by the employer and paid directly to social insurance schemes, tax authorities etc. on behalf of the employee. The most important form of wages and salaries is wages in cash (including withheld income taxes and social contributions). Wages in cash are composed of regular gross wages, standard extra allowances (for instance for hazardous work), bonuses, overtime pay, tips and compensation for costs related to employment (for instance refunds of fares to and from work). Bonuses include holiday pay, tantième, gratifications, profit shares and a thirteenth or fourteenth month. Wages in kind occur if an employee benefits from his or her job besides being paid wages. Examples of payment in kind are private use of a company car, free housing, free food, lower interest rates on mortgages, free or cheap use of the company's products or services, and company supplied or subsidized child care.
- 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.
- Other investment income
- Other investment income consists of:
- investment income attributable to insurance policy holders
- investment income payable on pension entitlements
- investment income attributable to collective investment fund shareholders- Investm. income attrib. to policy holder
- In the national accounts pension and life insurance technical reserves are seen as a liability of insurance corporations to policy holders. Therefore, the investment revenues on these technical reserves are booked as payments from insurance corporations to households.
Subsequently, households pay back these revenues as imputed contributions to pension funds and life insurance corporations. In the financial accounts the latter transaction is recorded as a component of net equity in life insurance and pension funds technical reserves.
- Income payable on pension entitlements
- In the national accounts collective life insurance and pension provisions are seen as a liability of insurance enterprises and pension funds to pension participants. Therefore, the investment revenues on these provisions are booked as payments from insurance enterprises and pension funds to households.
Subsequently, households pay back these revenues as imputed premiums to insurance companies and pension funds.
- Investment fund shareholders in a transaction recorded in the financial account.
Investment income attributable to collective investment fund shareholders, including mutual funds and unit trusts, consists of the following separate components:
— dividends attributable to collective investment fund shareholders
— retained earnings attributable to collective investment fund shareholders.
Dividends are a form of property income received by owners of shares to which they become entitled as a result of placing funds at the disposal of investments funds.
Reinvested earnings are equal to the operating surplus of the investment funds minus the dividends attributable to shareholders. Reinvested earnings are re-injected into the fund by a transaction recorded in the financial account.
- Social contributions and benefits
- Social contributions and benefits are transfers to households, in cash or in kind, intended to relieve them from the financial burden of a number of risks or needs, made through collectively organized schemes, or outside such schemes by government units and NPISHs; they include payments from general government to producers which individually benefit households and which are made in the context of social risks or needs.
Social benefits are transfers to households, intended to relieve them from the financial burden of a number of risks or needs, such as sickness, invalidity, disability, old age, survivors and unemployment.- 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.
- Employers' actual social contributions
- Payments by employers, enforced by laws or (collective) labor agreement, in order to make social benefits possible.
- Households' actual social contributions
- Households' actual social contributions are social contributions payable on their own behalf by employees, self-employed or non-employed persons to social insurance schemes.
- Households' social contrib. supplements
- Households' social contribution supplements consist of the property income earned during the accounting period on the stock of pension and non-pension entitlements.
- 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.
- 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.
- Wages and salaries
- Wages and salaries are the remunerations an employee receives in return for work done during an accounting period. Wages and salaries include social contributions, income taxes and other payments payable by the employee, including those withheld by the employer and paid directly to social insurance schemes, tax authorities etc. on behalf of the employee. The most important form of wages and salaries is wages in cash (including withheld income taxes and social contributions). Wages in cash are composed of regular gross wages, standard extra allowances (for instance for hazardous work), bonuses, overtime pay, tips and compensation for costs related to employment (for instance refunds of fares to and from work). Bonuses include holiday pay, tantième, gratifications, profit shares and a thirteenth or fourteenth month. Wages in kind occur if an employee benefits from his or her job besides being paid wages. Examples of payment in kind are private use of a company car, free housing, free food, lower interest rates on mortgages, free or cheap use of the company's products or services, and company supplied or subsidized child care.
- 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.
- Other investment income
- Other investment income consists of:
- investment income attributable to insurance policy holders
- investment income payable on pension entitlements
- investment income attributable to collective investment fund shareholders- Investm. income attrib. to policy holder
- Investment income attributable to insurance policy holders corresponds to total primary incomes received from the investment of insurance technical reserves. The reserves are those where an insurance corporation recognises a corresponding liability to the policyholders.
In the national accounts pension and life insurance technical reserves are seen as a liability of insurance corporations to policy holders. Therefore, the investment revenues on these technical reserves are booked as payments from insurance corporations to households.
Subsequently, households pay back these revenues as imputed contributions to pension funds and life insurance corporations. In the financial accounts the latter transaction is recorded as a component of net equity in life insurance and pension funds technical reserves.
- Income payable on pension entitlements
- Investment income payable on pension entitlements. Pension entitlements arise from one of two different types of pension schemes. These are defined contribution schemes and defined benefit schemes.
A defined contribution scheme is one where contributions by both employers and employees are invested on behalf of the employees as future pensioners. No other source of funding of pensions is available and no other use is made of the funds. The investment income payable on defined contribution entitlements is equal to the investment income on the funds plus any income earned by renting land or buildings owned by the fund.
The characteristic of a defined benefit scheme is that a formula is used to determine the level of payments to be made to pensioners. This characteristic makes it possible to determine the level of entitlements as the present value of all future payments, calculated using actuarial assumptions about life lengths and economic assumptions about the interest or discount rate. The present value of the entitlements existing at the start of the year increases because the date when the entitlements become payable is one year nearer. This increase is regarded as investment income attributed to the pension holders in the case of defined benefit scheme. The amount of the increase is neither affected by whether the pension scheme actually has sufficient funds to meet all the obligations nor by the type of increase in the funds, whether it is investment income or holding gains, for example.
- Investment income attributable to collective investment fund shareholders, including mutual funds and unit trusts, consists of the following separate components:
- dividends attributable to collective investment fund shareholders
- retained earnings attributable to collective investment fund shareholders
The dividend component is recorded in exactly the same manner as dividends for individual corporations, as described above. The retained earnings component is recorded using the same principles as those described for foreign direct investment enterprises but is calculated excluding any reinvested earnings on foreign direct investment. The remaining retained earnings are attributed to the investment fund shareholders leaving the investment fund with no saving, and are re-injected into the fund by the investment fund shareholders in a transaction recorded in the financial account.
- Social contributions and benefits
- Social contributions and benefits are transfers to households, in cash or in kind, intended to relieve them from the financial burden of a number of risks or needs, made through collectively organized schemes, or outside such schemes by government units and NPISHs; they include payments from general government to producers which individually benefit households and which are made in the context of social risks or needs.
Social benefits are transfers to households, intended to relieve them from the financial burden of a number of risks or needs, such as sickness, invalidity, disability, old age, survivors and unemployment.- 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.
- Employers' actual social contributions
- Payments by employers, enforced by laws or (collective) labor agreement, in order to make social benefits possible.
- Households' actual social contributions
- Households' actual social contributions are social contributions payable on their own behalf by employees, self-employed or non-employed persons to social insurance schemes.
- Households' social contrib. supplements
- Households' social contribution supplements consist of the property income earned during the accounting period on the stock of pension and non-pension entitlements.
- 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.
- Final consumption expenditure
- 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 licenses.- Actual individual final consumption
- Expenditure on goods or services that are used for the direct satisfaction of individual needs.
- Total
- Other individual final consumption
- Other individual final consumption.
- Actual collective final consumption
- Expenditure on goods or services that are used for the direct satisfaction of collective needs.
Collective services have the following characteristics:
-they can be delivered simultaneously to every member of the community or to particular sections of the community, such as those in a particular region or locality;
- the use of such services is usually passive and does not require the agreement or active participation of all the individuals concerned;
- the provision of a collective service to one individual does not reduce the amount available to other in the same community or section of the community.