GDP, output and expenditures; value, Quarterly National Accounts

GDP, output and expenditures; value, Quarterly National Accounts

Type of data Periods Expenditure approach to GDP Disposable for final expenditure Total (million euros) Expenditure approach to GDP Disposable for final expenditure Gross domestic product (million euros) Expenditure approach to GDP Disposable for final expenditure Imports of goods and services Total (million euros) Expenditure approach to GDP Disposable for final expenditure Imports of goods and services Imports of goods (million euros) Expenditure approach to GDP Disposable for final expenditure Imports of goods and services Imports of services (million euros) Expenditure approach to GDP Final expenditure Total (million euros) Expenditure approach to GDP Final expenditure National final expenditure Total (million euros) Expenditure approach to GDP Final expenditure National final expenditure Final consumption expenditure Total (million euros) Expenditure approach to GDP Final expenditure National final expenditure Final consumption expenditure Households including NPISHs (million euros) Expenditure approach to GDP Final expenditure National final expenditure Final consumption expenditure General government (million euros) Expenditure approach to GDP Final expenditure National final expenditure Gross fixed capital formation Total (million euros) Expenditure approach to GDP Final expenditure National final expenditure Gross fixed capital formation Enterprises and households (million euros) Expenditure approach to GDP Final expenditure National final expenditure Gross fixed capital formation General government (million euros) Expenditure approach to GDP Final expenditure National final expenditure Changes in inventories incl. valuables (million euros) Expenditure approach to GDP Final expenditure Exports of goods and services Total (million euros) Expenditure approach to GDP Final expenditure Exports of goods and services Exports of goods (million euros) Expenditure approach to GDP Final expenditure Exports of goods and services Exports of services (million euros)
Prices of 2015 2020 1st quarter* 325,068 184,346 140,914 104,321 36,578 325,068 164,749 124,778 79,805 44,957 41,538 35,021 6,513 -1,576 160,477 119,017 41,428
Prices of 2015 2020 2nd quarter* 306,236 176,479 129,743 96,646 33,169 306,236 161,095 120,263 73,049 47,144 39,127 32,382 6,751 1,732 145,111 106,821 38,301
Prices of 2015 2020 3rd quarter* 320,107 179,871 140,356 105,678 34,866 320,107 163,234 125,893 79,736 46,118 36,621 30,043 6,580 702 156,970 118,367 38,676
Prices of 2015 2020 4th quarter* 331,843 187,198 144,842 112,810 32,252 331,843 165,955 126,276 77,190 49,028 40,530 33,079 7,459 -888 166,109 129,133 37,130
Prices of 2015 2020 1,283,223 727,885 555,830 419,414 136,873 1,283,223 655,061 497,208 309,789 187,243 157,828 130,541 27,303 -13 628,597 473,240 155,532
Prices of 2015 2021 1st quarter* 316,834 180,287 136,663 108,723 28,760 316,834 160,158 120,123 73,549 46,493 41,364 34,668 6,699 -1,338 156,876 124,392 33,146
Prices of 2015 2021 2nd quarter* 337,151 194,551 142,554 113,303 30,111 337,151 174,328 131,735 80,520 51,148 42,786 36,132 6,642 -254 163,086 126,841 36,785
Prices of 2015 2021 3rd quarter* 338,488 189,563 149,128 114,361 35,194 338,488 171,206 132,372 84,426 47,919 37,375 30,879 6,493 1,475 167,515 126,775 40,851
Prices of 2015 2021 4th quarter* 348,810 198,895 149,861 119,577 30,827 348,810 174,886 133,885 82,380 51,458 41,422 34,503 6,911 -436 174,107 135,815 38,494
Prices of 2015 2021* 1,341,247 763,283 578,180 455,928 124,887 1,341,247 680,556 518,106 320,863 197,014 162,954 136,187 26,746 -566 661,571 513,783 149,245
Prices of 2015 2022 1st quarter* 335,236 192,435 142,853 110,932 32,701 335,236 171,263 131,082 83,385 47,658 41,353 35,053 6,287 -1,157 164,096 125,851 38,858
Prices of 2015 2022 2nd quarter* 354,538 204,568 149,924 115,975 34,773 354,538 181,583 137,118 86,188 50,907 45,047 38,933 6,072 -657 173,315 130,194 43,621
Current prices 2020 1st quarter* 342,526 201,031 141,495 102,687 38,808 342,526 180,245 136,132 86,153 49,979 45,407 38,471 6,936 -1,294 162,281 118,901 43,380
Current prices 2020 2nd quarter* 317,326 192,370 124,956 89,729 35,227 317,326 174,743 130,671 79,075 51,596 42,640 35,441 7,199 1,432 142,583 102,085 40,498
Current prices 2020 3rd quarter* 332,783 197,080 135,703 98,739 36,964 332,783 177,883 137,260 86,261 50,999 40,093 33,024 7,069 530 154,900 114,189 40,711
Current prices 2020 4th quarter* 347,099 206,049 141,050 106,323 34,727 347,099 183,455 138,966 84,001 54,965 44,797 36,726 8,071 -308 163,644 124,021 39,623
Current prices 2020 1,339,734 796,530 543,204 397,478 145,726 1,339,734 716,326 543,029 335,490 207,539 172,937 143,662 29,275 360 623,408 459,196 164,212
Current prices 2021 1st quarter* 339,533 201,099 138,434 107,556 30,878 339,533 178,757 134,171 81,394 52,777 45,928 38,742 7,186 -1,342 160,776 125,458 35,318
Current prices 2021 2nd quarter* 368,010 216,953 151,057 117,990 33,067 368,010 194,969 147,304 90,113 57,191 48,076 40,814 7,262 -411 173,041 133,012 40,029
Current prices 2021 3rd quarter* 376,238 214,001 162,237 123,624 38,613 376,238 194,536 149,382 94,205 55,177 42,774 35,514 7,260 2,380 181,702 137,457 44,245
Current prices 2021 4th quarter* 395,318 224,303 171,015 136,659 34,356 395,318 200,233 153,917 93,858 60,059 47,835 40,050 7,785 -1,519 195,085 152,477 42,608
Current prices 2021* 1,479,099 856,356 622,743 485,829 136,914 1,479,099 768,495 584,774 359,570 225,204 184,613 155,120 29,493 -892 710,604 548,404 162,200
Current prices 2022 1st quarter* 396,390 224,476 171,914 134,636 37,278 396,390 200,796 154,013 97,199 56,814 49,152 41,893 7,259 -2,369 195,594 152,508 43,086
Current prices 2022 2nd quarter* 435,610 236,773 198,837 157,913 40,924 435,610 216,564 161,556 101,844 59,712 54,002 46,848 7,154 1,006 219,046 168,585 50,461
Source: CBS.
Explanation of symbols

Table description


This table provides data from Quarterly National Accounts (QNA) of Statistics The Netherlands. It contains quarterly and annual data on production, expenditures, income and external economic transactions of The Netherlands.

Data available from 1995.

Status of the figures:
Annual data of the period 1995-2020 are final. Quarterly data of 2020, 2021 and 2022 are provisional.

Adjustments as of September 23rd 2022:
Data of the final estimate of 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 time series in the calculation of the national net lending or net borrowing.

Adjustments as of July 1st 2022:
Quarterly data of Net operating surplus and Other subsidies on production in 2021 were not correct. They are adjusted in this version. Higher aggregates such as Total subsidies and Taxes less subsidies on production and imports have also been adjusted.

When will new figures be published?
The preliminary estimate (flash estimate) of a quarter is released within 45 days. The second estimate is published after 85 days. At the second estimate of the fourth quarter, data of the previous three quarters will also be revised. 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

Expenditure approach to GDP
The way GDP is formed by underlying components in the so-called expenditure approach. In this approach the components are consumption by households, consumption by the general government, gross fixed capital formation, changes in inventories and exports, minus imports. Changes in inventories are included for consistency with the production approach. From the 2010 edition of the European System of Accounts onwards these changes are added to fixed capital formation. Consumption, fixed capital formation and changes in inventories add up to the so-called national final expenditure. By adding exports final expenditure is obtained. Intermediate consumption, goods and services used upon production, is not part of final expenditure.
Disposable for final expenditure
The total amount of domestic generated goods and services (GDP) and the imported goods and services are adding up to the disposable for final expenditure. This variable is by definition equal to the total final expenditure, which is the sum of the National final expenditure and the exports of goods and services.
Total
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.
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.
Total
Imports of goods
Transactions in goods (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. Part of the imports are raw materials, semi-finished products, fuel and fixed assets. Furthermore, imports of goods may be re-exports: goods that were imported before being exported, after having received at most minor adaptations.
Imports of services
Transactions in services (sales, barter and gifts) from non-residents to residents (in the Netherlands). Imports of services applies among others to expenses made by Dutch companies abroad, like costs of transportation, banking costs and business travels. Imports by services are also made by the Dutch general government, among others by means of expenses made by Dutch embassies and consulates. Imports of services by households consist among others of imports of consumer goods and the direct consumptive expenditure by Dutch residents abroad.
Final expenditure
The sum of the National final expenditure and the exports of goods and services. This variable is by definition equal to the disposable final expenditure (GDP and imports).
Total
National final expenditure
The sum of the consumption of households and the government, gross fixed capital formation and changes in inventories.
Total
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.
Total
Households including NPISHs
Consumption expenditure by households and non-profit institutions serving households (NPISHs). Not all expenses made by households are seen as consumptive, households may invest as well. These investments mainly concern the purchase of houses and substantial costs on maintenance. Small costs on maintenance, indoor painting and the purchase of furniture is classified as consumption. This also applies to the purchase of cars and car maintenance.
General government
Consumption expenditure by the general government sector. The output delivered by the government which is not directly paid for, non-market output (like safety), is classified as consumption by the 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. Purchases by general government of goods and services produced by market producers that are supplied to households as social transfers in kind are part of government consumption as well. Examples of this in the Netherlands are health care bills paid for by the government and an allowance for the rent.

Government output consumed by the government is classified into collective consumption and individual consumption. Collective consumption by the government consists of services for collective consumption that are provided simultaneously to all members of the community. Examples of this are expenses on defense, environmental health or public governance. Individual consumption is made up of expenses that serve only part of the community. This concerns mainly education.
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 licenses.

Total
Enterprises and households
Gross fixed capital formation of (financial or non-financial) corporations and households and the sector households including non-profit institutions serving households (NPISHs). Fixed capital formation by households concerns houses, but also investments by the self-employed.
General government
Gross fixed capital formation of the sector general government. Fixed capital formation by the general government concerns e.g. investments in public infrastructure, research and development and weapon systems.
Changes in inventories incl. valuables
Changes in inventories including acquisitions less disposals of valuables
Changes in the stock of raw materials, semi-finished products, work-in-progress (unfinished works like ships or oil rigs) and finished products still held by the producer. Changes in stock do not include progress made in construction. Positive changes in inventories arise when products are finished in the reference period but not yet sold. Alternatively, they arise when goods are purchased for intermediate consumption but not yet used. Negative changes in inventories arise when goods from stocks have been sold, or used in the production process. A more extensive list of changes in inventories is found in article 3.146 and further of the European System of Accounts 2010.

In measuring changes in inventories, changes in prices during the reference period are not allowed to have any effect. The initial and final inventory is therefor valued at the same price. Raw materials are valued at the price of purchase. Final products are valued at the selling price. Work-in-progress is valued at the cost-price.

Acquisitions less disposals of valuables This transaction consists of the acquisitions less disposals of precious stones, non-monetary gold, antiques, art objects and jewelry, that are acquired and held primarily as stores of value. In the national accounts this transaction is mostly combined with changes in inventories.
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.
Total
Exports of goods
Transactions in goods (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. Part of the exports of goods are re-exports: goods that were imported before being exported, after having received at most minor adaptations.
Exports of services
Transactions in 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. Exports of services include among others the following cases: transportation by resident carriers abroad, harbor services and ship maintenance to non-residents, works performed abroad by resident contractors. Expenses made in the Netherlands by foreign tourists, diplomats and cross-border workers.