Current transactions by sectors; National Accounts

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Description topics

Resources

Resources are transactions add to the economic value of sectors.

Output

The ensemble of goods and services produced. Also called production. Three types of output are distinguished:
- market output: goods and services sold at a market or intended for sale at a market
- the own-account production of all goods that are retained by their producers for their own final consumption or gross fixed capital formation.
- non-market output: goods and services delivered for free or at economically non-significant prices to other units

Output is valued at basic prices. These are the prices experienced by the producers: product-related taxes have been subtracted from the original prices, subsidies haven been added to them. Costs of transportation, when charged separately by the producer, are not included. Changes in the values of financial and non-financial assets during the reference period are not included either.

Included is the output by all kind-of-activity units residing in the Netherlands, including those that are held by foreign owners. The kind-of-activity units include general government units and other non-commercial units.

Total

Market output

Market output consists of output that is disbursed of on the market or intended to be disbursed of on the market. Market output includes:
- products sold at economically significant prices;
- products bartered;
- products used for payments in kind, including compensation of employees in kind and mixed income in kind;
- products supplied by one local Kind-of-activity unit to another within the same institutional unit to be used as intermediate inputs or for final uses;
- products added to the inventories of finished goods and work-in-progress intended for one or other of the above uses (including natural growth of animal of vegetable products and uncompleted structures for which the buyer is unknown).

Total

Financial intermediation service (FISIM)

The concept of imputed bank services encompasses the remuneration for financial services which are not paid for directly. This remuneration is included in the actual interest paid or received. In the national accounts this indirect remuneration is specified as financial intermediation service charge indirectly measured.
The size of the imputed bank services is determined on the basis of a ‘reference rate’. This reference rate equals the rate of the interbank loans. The difference between the reference rate and the actual interest paid to depositors or the actual interest received from borrowers is the indirectly measured financial intermediation service charge. The actual interest paid and received is corrected for these imputed bank services.

Other market output

Market output consists of output that is disbursed of on the market or intended to be disbursed of on the market. Market output includes:
- products sold at economically significant prices;
- products bartered;
- products used for payments in kind, including compensation of employees in kind and mixed income in kind;
- products supplied by one local Kind-of-activity unit to another within the same institutional unit to be used as intermediate inputs or for final uses;
- products added to the inventories of finished goods and work-in-progress intended for one or other of the above uses (including natural growth of animal of vegetable products and uncompleted structures for which the buyer is unknown).

Output produced for own final use

Output produced for own final use consists of goods or services that are retained either for own final consumption or for capital formation by the same institutional unit.

Total

Own-account capital formation

Output of gross fixed capital formation by the same institutional unit.

Examples of products used for own gross fixed capital formation:
- special tools or machines;
- dwellings, or extensions of dwellings, which are produced by households.

Products retained for own consumption

Products retained for own final consumption can only be produced by the households sector. Examples of products retained for own final consumption include:
- agricultural products retained by farmers;
- dwelling services produced by owner-occupiers;
- household services produced by employing paid staff.

Non-market output

Non-market output is output that is provided to other units for free, or at prices that are not economically significant. Non-market output is subdivided into two items: 'Payments for non-market output', which consists of various fees and charges, and 'Non-market output, other', which is output provided for free.
Non-market output is produced for the following reasons.
- It may be technically impossible to make individuals pay for collective services because their consumption of such services cannot be monitored and controlled. The production of collective services is organized by government units and financed out of funds other than receipts from sales, namely taxation or other government incomes.
- Government units and NPISHs may also produce and supply goods or services to individual households for which they could charge but choose not to do so as a matter of social or economic policy. Examples are the provision of education or health services, for free or at prices that are not economically significant.

Total

Payments for non-market output

Payments for non-market output is output that is provided to other units at prices that are not economically significant.
Non-market output is produced for the following reasons.
- It may be technically impossible to make individuals pay for collective services because their consumption of such services cannot be monitored and controlled. The production of collective services is organized by government units and financed out of funds other than receipts from sales, namely taxation or other government incomes.
- Government units and NPISHs may also produce and supply goods or services to individual households for which they could charge but choose not to do so as a matter of social or economic policy. Examples are the provision of education or health services, for free or at prices that are not economically significant.

Other non-market output

Other non-market output is output that is provided to other units for.
Non-market output is produced for the following reasons.
- It may be technically impossible to make individuals pay for collective services because their consumption of such services cannot be monitored and controlled. The production of collective services is organized by government units and financed out of funds other than receipts from sales, namely taxation or other government incomes.
- Government units and NPISHs may also produce and supply goods or services to individual households for which they could charge but choose not to do so as a matter of social or economic policy. Examples are the provision of education or health services, for free or at prices that are not economically significant.