Sector accounts; seasonally adjusted data, National Accounts

Sector accounts; seasonally adjusted data, National Accounts

Seasonal and working day adjustment Periods Total domestic sectors Gross domestic product (million euros) Total domestic sectors Gross operating surplus (million euros) Total domestic sectors Gross national income (million euros) Total domestic sectors Gross disposable income (million euros) Total domestic sectors Gross saving (million euros) Total domestic sectors Net lending (+) or net borrowing (-) (million euros) Non-financial corporations Value added (million euros) Non-financial corporations Gross operating surplus (million euros) Non-financial corporations Gross fixed capital formation (million euros) Non-financial corporations Compensation of employees (million euros) General government Final consumption expenditure (million euros) General government Gross fixed capital formation (million euros) General government Total revenue (million euros) General government Total expenditure (million euros) General government Balance general government sector (EMU) (million euros) Households including NPISHs Resources Compensation of employees (million euros) Households including NPISHs Resources Property income (million euros) Households including NPISHs Resources Social benefits in cash (million euros) Households including NPISHs Resources Other current transfers (million euros) Households including NPISHs Resources Adjustm. change in pension entitlements (million euros) Households including NPISHs Uses Final consumption expenditure (million euros) Households including NPISHs Uses Gross fixed capital formation (million euros) Households including NPISHs Uses Property income (million euros) Households including NPISHs Uses Current taxes on income and wealth (million euros) Households including NPISHs Uses Net social contributions (million euros) Households including NPISHs Uses Other current transfers (million euros) Households including NPISHs Uses Adjustm. change in pension entitlements (million euros) Households including NPISHs Gross operating surplus (million euros) Households including NPISHs Gross disposable income (million euros) Households including NPISHs Gross saving (million euros) Rest of the world Resources Imports of goods and services (million euros) Rest of the world Resources Received primary income (million euros) Rest of the world Resources Received current transfers (million euros) Rest of the world Resources Adjustm. change in pension entitlements (million euros) Rest of the world Resources Received capital transfers (million euros) Rest of the world Uses Exports of goods and services (million euros) Rest of the world Uses Paid primary income (million euros) Rest of the world Uses Paid current transfers (million euros) Rest of the world Uses Adjustm. change in pension entitlements (million euros) Rest of the world Uses Paid capital transfers (million euros)
Original, unadjusted data 2020 1st quarter* 201,031 83,687 198,352 192,926 56,858 12,633 114,044 44,731 23,216 70,173 49,979 6,936 95,860 85,679 10,181 92,717 13,228 34,527 6,752 5,408 86,153 13,715 1,351 24,842 42,841 6,640 0 25,596 97,146 16,401 141,495 55,546 9,794 -64 384 162,281 52,867 4,368 0 232
Original, unadjusted data 2020 2nd quarter* 192,370 73,577 183,973 181,925 51,310 7,281 108,069 37,103 19,980 80,431 51,596 7,199 82,368 102,753 -20,385 106,574 15,593 38,000 7,032 7,111 79,075 13,931 1,502 12,321 54,740 6,709 0 23,992 115,919 43,955 124,956 60,991 5,859 -56 225 142,583 52,594 3,811 0 268
Original, unadjusted data 2020 3rd quarter* 197,080 86,036 190,456 188,322 51,118 10,734 112,437 47,658 18,196 67,800 50,999 7,069 81,672 90,734 -9,062 90,259 14,238 35,275 6,611 6,753 86,261 13,138 1,216 18,307 46,072 6,232 0 25,822 100,378 20,870 135,703 60,411 5,623 -56 189 154,900 53,787 3,489 0 326
Original, unadjusted data 2020 4th quarter* 206,049 84,866 197,714 193,864 54,968 10,256 115,800 46,734 21,519 75,929 54,965 8,071 91,503 101,825 -10,322 103,225 15,020 34,788 6,757 5,680 84,001 13,785 1,147 23,323 46,749 6,090 0 25,590 108,071 29,750 141,050 58,088 8,050 -70 497 163,644 49,753 4,200 0 274
Original, unadjusted data 2021 1st quarter* 201,099 87,902 199,760 197,222 63,116 18,485 114,748 49,143 22,570 71,246 52,777 7,186 95,230 97,507 -2,277 94,480 13,256 35,959 6,875 5,786 81,394 14,965 1,122 22,199 45,349 6,708 0 25,857 101,049 25,441 138,434 58,406 6,615 -65 257 160,776 57,067 4,077 0 235
Original, unadjusted data 2021 2nd quarter* 216,953 82,409 215,696 213,653 66,409 19,273 124,821 43,547 23,403 85,343 57,191 7,262 92,829 103,111 -10,282 112,299 16,842 40,387 7,109 7,606 90,113 16,100 1,238 10,870 59,498 6,599 0 27,118 125,550 43,043 151,057 67,170 6,026 -60 261 173,041 65,913 3,983 0 281
Original, unadjusted data 2021 3rd quarter* 214,001 96,055 210,310 208,604 59,274 14,229 124,291 55,703 19,469 71,382 55,177 7,260 87,555 95,236 -7,681 94,805 14,772 36,390 6,507 7,130 94,205 14,726 1,226 21,098 45,363 6,421 0 28,222 106,588 19,513 162,237 63,214 5,535 -52 208 181,702 59,523 3,829 0 202
Original, unadjusted data 2021 4th quarter* 224,303 92,633 211,390 210,284 56,430 10,121 127,471 52,265 23,487 78,925 60,059 7,785 101,131 103,219 -2,088 107,590 15,881 35,066 6,590 6,269 93,858 15,400 1,248 25,362 48,587 6,236 0 28,516 112,210 24,621 171,015 77,519 5,663 -63 317 195,085 64,606 4,557 0 324
Original, unadjusted data 2022 1st quarter* 224,476 96,153 220,222 218,012 64,061 17,021 129,481 54,461 23,810 76,975 56,814 7,259 102,679 95,611 7,068 101,585 13,576 37,421 6,957 5,961 97,199 16,373 1,759 23,688 48,123 6,630 0 29,210 108,549 17,311 171,914 69,669 5,842 -62 502 195,594 65,415 3,632 0 221
Original, unadjusted data 2022 2nd quarter* 236,773 88,183 225,593 223,994 62,496 97,331 137,332 46,755 27,801 91,246 59,712 7,154 107,030 103,734 3,296 119,648 18,188 42,005 6,867 7,701 101,844 17,819 2,012 14,685 60,285 6,594 0 30,117 133,249 39,106 198,837 85,465 6,884 -58 410 219,046 74,285 5,285 0 253
Seasonally and working day adjusted data 2020 1st quarter* 203,751 81,339 198,460 193,284 54,904 9,239 115,734 43,145 22,515 73,423 51,192 7,126 90,515 87,522 2,993 97,540 14,890 35,204 6,694 6,236 87,525 13,663 1,351 21,048 46,659 6,495 0 25,812 105,023 23,250 144,182 58,719 9,416 -60 384 163,919 53,541 4,700 0 232
Seasonally and working day adjusted data 2020 2nd quarter* 187,858 80,239 182,300 181,514 51,711 10,871 104,895 42,969 18,695 71,454 50,353 7,289 81,868 98,650 -16,782 95,956 13,274 34,991 6,855 5,955 77,923 13,098 1,502 18,178 47,781 6,562 0 24,402 102,049 29,737 123,891 55,921 5,901 -58 225 142,277 51,447 3,072 0 268
Seasonally and working day adjusted data 2020 3rd quarter* 201,325 81,967 193,502 191,850 53,586 11,218 113,654 43,410 20,833 73,410 52,778 7,200 88,327 94,590 -6,263 98,071 14,875 36,175 6,710 6,487 85,235 13,755 1,216 18,991 48,115 6,292 0 25,753 106,219 28,343 136,142 61,439 6,131 -61 189 157,355 53,647 3,834 0 326
Seasonally and working day adjusted data 2020 4th quarter* 203,466 84,350 196,682 190,452 54,108 9,609 116,097 46,683 20,830 76,048 53,119 7,638 90,154 99,543 -9,389 101,167 14,964 36,394 6,893 6,274 84,821 14,071 1,147 20,053 48,055 6,349 0 25,039 108,393 29,739 138,861 58,879 7,974 -66 497 159,616 50,357 4,298 0 274
Seasonally and working day adjusted data 2021 1st quarter* 204,020 85,710 199,876 197,805 60,861 15,145 116,581 47,527 21,983 74,516 54,029 7,351 90,610 99,801 -9,191 99,420 15,004 36,648 6,806 6,571 82,783 14,901 1,122 18,931 49,101 6,515 0 26,071 109,150 32,171 141,471 61,421 6,123 -61 257 162,909 57,723 4,300 0 235
Seasonally and working day adjusted data 2021 2nd quarter* 212,406 89,821 212,925 212,578 66,842 22,768 121,390 49,607 22,040 75,998 56,092 7,382 91,965 99,221 -7,256 101,422 14,660 37,073 6,939 6,525 88,897 15,242 1,238 17,286 52,036 6,456 0 27,519 110,895 28,538 149,832 62,466 6,026 -62 261 172,574 64,861 3,262 0 281
Seasonally and working day adjusted data 2021 3rd quarter* 218,472 91,321 213,678 212,738 61,966 14,576 125,552 51,269 22,158 77,456 57,033 7,410 94,789 99,258 -4,469 102,928 15,375 37,280 6,617 6,838 93,235 15,362 1,226 21,295 47,850 6,487 0 28,157 112,669 27,555 162,605 64,281 6,004 -58 208 184,137 59,282 4,225 0 202
Seasonally and working day adjusted data 2021 4th quarter* 221,241 91,934 211,070 206,769 55,860 9,719 127,846 52,223 22,661 78,982 57,895 7,357 99,149 100,480 -1,331 105,380 15,641 36,890 6,709 6,859 94,648 15,705 1,248 22,091 49,979 6,536 0 27,967 112,860 24,481 168,733 78,023 5,761 -59 317 190,794 65,238 4,720 0 324
Seasonally and working day adjusted data 2022 1st quarter* 226,973 93,482 220,060 218,811 61,695 13,645 131,042 52,820 23,335 80,363 58,160 7,393 98,492 98,230 262 106,762 15,500 38,075 6,877 6,734 98,605 16,289 1,759 20,870 51,739 6,470 0 29,426 116,989 23,853 174,485 72,681 5,569 -59 502 197,111 66,052 3,951 0 221
Seasonally and working day adjusted data 2022 2nd quarter* 232,237 95,879 222,426 222,348 62,740 100,724 133,693 52,952 26,119 81,428 58,724 7,308 105,421 99,841 5,580 108,269 15,917 38,475 6,719 6,619 100,615 16,952 2,012 20,835 52,505 6,454 0 30,515 117,635 24,274 197,468 80,940 6,802 -60 410 218,441 73,293 4,497 0 253
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 first quarter 1999.

Status of the figures:
The figures from 1995 up to and including 2019 are final. Data of 2020, 2021 and 2022 are provisional.

Adjustments as of September 23rd, 2022:
Data on the second quarter of 2022 have been added.
The method for calculating the profits received from and paid to the rest of the world for non-financial corporations has been improved for the period from 1995 onwards. This impacts several key figures. As part of these profits pass through financial holdings, paid profits by financial institutions are also changed.

When will new figures be published?
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

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.