Current transactions by sectors; National Accounts

Current transactions by sectors; National Accounts

Institutional sectors Not Consolidated/Consolidated Periods Resources Output Output produced for own final use Products retained for own consumption (million euros) Resources Taxes on production and imports Total (million euros) Resources Taxes on production and imports Other taxes on production (million euros) Resources Taxes on production and imports Taxes on products Total (million euros) Resources Taxes on production and imports Taxes on products Value added tax (VAT) (million euros) Resources Taxes on production and imports Taxes on products Taxes, duties on imports excluding VAT (million euros) Resources Taxes on production and imports Taxes on products Other taxes on products (million euros) Resources Subsidies (-) Subsidies on products (million euros) Resources Subsidies (-) Other subsidies on production (million euros) Uses Taxes on production and imports Total (million euros) Uses Taxes on production and imports Taxes on products (million euros) Uses Taxes on production and imports Other taxes on production (million euros) Uses Subsidies (-) Subsidies on products (million euros) Uses Subsidies (-) Other subsidies on production (million euros) Uses Final consumption expenditure Actual individual final consumption Social transfers in kind Transfers in kind non-market production (million euros) Uses Final consumption expenditure Actual individual final consumption Social transfers in kind Transfers in kind market production (million euros) Balancing items Gross domestic product (million euros) Balancing items Net domestic product (million euros)
Total domestic sectors Not consolidated 2021* 53,346 105,352 12,496 92,856 64,538 9,511 18,807 2,571 29,324 109,369 96,065 13,304 2,570 27,658 67,443 94,103 860,719 716,234
Total domestic sectors Consolidated 2021* 53,346 105,352 12,496 92,856 64,538 9,511 18,807 2,571 29,324 109,369 96,065 13,304 2,570 27,658 67,443 94,103 860,719 716,234
The non-financial corporations sector Not consolidated 2021* 23,190 7,163 7,163
The non-financial corporations sector Consolidated 2021* 23,190 7,163 7,163
Financial corporations Not consolidated 2021* 124 2,430 2,430
Financial corporations Consolidated 2021* 124 2,430 2,430
Monetary financial institutions Not consolidated 2021* 52 2,032 2,032
Monetary financial institutions Consolidated 2021* 52 2,032 2,032
Central bank Not consolidated 2021* 0 0 0
Central bank Consolidated 2021* 0 0 0
Deposit-taking corporations and MMFs Not consolidated 2021* 52 2,032 2,032
Deposit-taking corporations and MMFs Consolidated 2021* 52 2,032 2,032
Other financial institutions Not consolidated 2021* 68 336 336
Other financial institutions Consolidated 2021* 68 336 336
Non-MMF investment funds Not consolidated 2021* 0 136 136
Non-MMF investment funds Consolidated 2021* 0 136 136
Other fin. inst. excl. investment funds Not consolidated 2021* 68 200 200
Other fin. inst. excl. investment funds Consolidated 2021* 68 200 200
Other financial intermediaries Not consolidated 2021* 50 191 191
Other financial intermediaries Consolidated 2021* 50 191 191
Captive institutions and money lenders Not consolidated 2021* 18 9 9
Captive institutions and money lenders Consolidated 2021* 18 9 9
Insurance corporations and pension funds Not consolidated 2021* 4 62 62
Insurance corporations and pension funds Consolidated 2021* 4 62 62
Insurance corporations Not consolidated 2021* 4 40 40
Insurance corporations Consolidated 2021* 4 40 40
Pension funds Not consolidated 2021* 0 22 22
Pension funds Consolidated 2021* 0 22 22
General government Not consolidated 2021* 105,352 12,496 92,856 64,538 9,511 18,807 221 939 939 2,570 27,658 61,385 94,103
General government Consolidated 2021* 105,352 12,496 92,856 64,538 9,511 18,807 221 939 939 2,570 27,658 61,385 94,103
Central government Not consolidated 2021* 98,412 5,556 92,856 64,538 9,511 18,807 13 257 257 2,537 14,915 7,184 10,115
Central government Consolidated 2021* 98,412 5,556 92,856 64,538 9,511 18,807 13 257 257 2,537 14,915 7,184 10,115
Local government Not consolidated 2021* 6,940 6,940 0 0 0 0 208 677 677 33 2,970 50,925 12,246
Local government Consolidated 2021* 6,940 6,940 0 0 0 0 208 677 677 33 2,970 50,925 12,246
Social security funds Not consolidated 2021* 0 0 0 0 0 0 0 5 5 0 9,773 3,276 71,742
Social security funds Consolidated 2021* 0 0 0 0 0 0 0 5 5 0 9,773 3,276 71,742
Households including NPISHs Not consolidated 2021* 53,346 5,789 2,772 2,772 6,058
Households including NPISHs Consolidated 2021* 53,346 5,789 2,772 2,772 6,058
Households Not consolidated 2021* 53,346 5,718 2,744 2,744
Households Consolidated 2021* 53,346 5,718 2,744 2,744
Non-profit institutions serv. households Not consolidated 2021* 71 28 28 6,058 0
Non-profit institutions serv. households Consolidated 2021* 71 28 28 6,058 0
Rest of the world Not consolidated 2021* 4,017 808 3,209 3,209 0 1 1,666
Rest of the world Consolidated 2021* 4,017 808 3,209 3,209 0 1 1,666
Source: CBS.
Explanation of symbols

Table description


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 2018 are final. Data of 2019, 2020 and 2021 are provisional.

Changes as of March 25th 2022:
Data on the fourth quarter of 2021 and annual data on 2021 are available. Data on the first three quarters of 2021 have been revised. Recently available quarterly an annual data from government finance statistics on 2020 have not been incorporated in the National Accounts. Therefore, data in publications of National Accounts and government finance statistics are not consistent. Differences will be resolved with the next publication date, June 24th 2022.

When will new figures be published?
Annual figures: 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.
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.

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.
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.
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.
Taxes on production and imports
Taxes on production and imports are compulsory payments to the government and the European Union (EU), which are related to production, imports and to the use of production factors. Taxes on production and imports are classified into taxes on products and other taxes on production.
Total
Taxes on products
Taxes that are payable per unit of a given good or service produced or imported. The tax may be a specific amount of money per unit of quantity of a good or service, or it may be calculated as a specified percentage of the price per unit or value of the goods and services produced or traded.
Total
Value added tax (VAT)
Value added tax (VAT) is a tax on goods or services collected in stages by enterprises and which is ultimately charged in full to the final purchaser. The common feature of VAT is that producers are obliged to pay to the government only the difference between the VAT on their sales and the VAT on their purchases for intermediate consumption and gross fixed capital formation.
Taxes, duties on imports excluding VAT
Taxes and duties on imports excluding VAT comprise compulsory payments levied by general government or the institutions of the European Union on imported goods, excluding VAT, in order to admit them to free circulation on the economic territory, and on services provided to resident units by non-resident units. Examples are import duties and excise duties on imported fuel.
Other taxes on products
Taxes on products which are related to domestically produced goods and services. Examples are excise duties on beer and petrol which are produced in the Netherlands.
Other taxes on production
Other taxes on production include all taxes on production paid by producers, not related to the value or volume of products produced or transacted. Examples are real estate tax and sewerage charges paid by producers.
Subsidies (-)
Current payments from the Dutch government or the European Union to producers with the objective to influence output prices, employment or the remuneration of production factors. Subsidies are distinguished between subsidies on products and other subsidies on production.
Subsidies on products
Subsidies payable per unit of a good or service produced or imported. The amount of subsidies is related to the value or amount of product.
Other subsidies on production
Other subsidies on production include all subsidies on production paid to producers, not related to the value or volume of products domestically produced or transacted. These are subsidies on agricultural products, subsidies on R&D and wage subsidies.
Uses
Uses are transactions appear which deduces the economic value of sectors.
Taxes on production and imports
Taxes on production and imports are compulsory payments to the government and the European Union (EU), which are related to production, imports and to the use of production factors. Taxes on production and imports are classified into taxes on products and other taxes on production.
Total
Taxes on products
Taxes that are payable per unit of a given good or service produced or imported. The tax may be a specific amount of money per unit of quantity of a good or service, or it may be calculated as a specified percentage of the price per unit or value of the goods and services produced or traded.
Other taxes on production
Other taxes on production include all taxes on production paid by producers, not related to the value or volume of products produced or transacted. Examples are real estate tax and sewerage charges paid by producers.
Subsidies (-)
Current payments from the Dutch government or the European Union to producers with the objective to influence output prices, employment or the remuneration of production factors. Subsidies are distinguished between subsidies on products and other subsidies on production.
Subsidies on products
Subsidies payable per unit of a good or service produced or imported. The amount of subsidies is related to the value or amount of product.
Other subsidies on production
Other subsidies on production include all subsidies on production paid to producers, not related to the value or volume of products domestically produced or transacted. These are subsidies on agricultural products, subsidies on R&D and wage subsidies.
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.
Social transfers in kind
Social transfers in kind consist of individual goods and services provided for free or at prices that are not economically significant to individual households by government units and NPISHs, whether purchased on the market or produced as non-market output by government units or NPISHs. They are financed out of taxation, other government income or social security contributions, or out of donations and property income in the case of NPISHs.
Transfers in kind non-market production
Social transfers in kind are individual goods and services provided directly to the beneficiaries by non-market producers. Any payments made by the households themselves should be deducted.
Transfers in kind market production
Individual goods and services in the form of reimbursements by social security funds of approved expenditures made by households on specific goods and services; or
provided directly to the beneficiaries by market producers from which general government purchases the corresponding goods and services.
Any payments made by the households themselves are to be deducted.
Balancing items
A balancing item is obtained by subtracting the total value of the entries on one side of an account from the total value on the other side.
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
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.