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 2019 1st quarter* 323,663 184,244 139,564 103,344 36,231 323,663 164,640 125,075 81,145 43,925 39,720 33,339 6,381 -121 159,119 119,146 39,970
Prices of 2015 2019 2nd quarter* 339,377 192,881 146,625 105,740 40,849 339,377 174,416 130,789 84,006 46,782 42,162 35,680 6,481 1,499 165,082 119,568 45,480
Prices of 2015 2019 3rd quarter* 332,023 185,372 146,849 105,208 41,618 332,023 167,192 128,650 84,401 44,248 36,945 29,533 7,407 1,610 164,976 120,516 44,439
Prices of 2015 2019 4th quarter* 343,092 192,751 150,560 111,680 38,865 343,092 170,771 130,457 83,252 47,206 40,849 35,308 5,541 -555 172,549 128,387 44,117
Prices of 2015 2019* 1,338,143 755,248 583,603 425,968 157,559 1,338,143 677,032 514,972 332,803 182,160 159,678 133,864 25,809 2,420 661,732 487,602 174,006
Prices of 2015 2020 1st quarter* 325,432 183,947 141,709 104,230 37,458 325,432 163,406 123,887 80,199 43,681 40,911 34,436 6,472 -1,382 162,240 120,677 41,537
Prices of 2015 2020 2nd quarter* 305,847 174,836 131,068 96,762 34,362 305,847 159,527 118,491 73,321 45,103 38,107 31,544 6,568 2,992 146,321 107,538 38,788
Current prices 2019 1st quarter* 338,773 196,565 142,208 104,534 37,674 338,773 175,523 133,696 85,891 47,805 41,995 35,298 6,697 -168 163,250 121,930 41,320
Current prices 2019 2nd quarter* 355,646 206,487 149,159 106,447 42,712 355,646 186,117 140,000 89,316 50,684 44,732 37,877 6,855 1,385 169,529 122,054 47,475
Current prices 2019 3rd quarter* 347,371 199,281 148,090 104,339 43,751 347,371 179,450 138,532 90,371 48,161 39,548 32,763 6,785 1,370 167,921 121,664 46,257
Current prices 2019 4th quarter* 359,108 207,914 151,194 110,407 40,787 359,108 184,655 141,076 89,164 51,912 43,824 36,870 6,954 -245 174,453 128,290 46,163
Current prices 2019* 1,400,898 810,247 590,651 425,727 164,924 1,400,898 725,745 553,304 354,742 198,562 170,099 142,808 27,291 2,342 675,153 493,938 181,215
Current prices 2020 1st quarter* 343,598 200,967 142,631 102,712 39,919 343,598 178,715 135,397 86,404 48,993 44,730 37,746 6,984 -1,412 164,883 121,189 43,694
Current prices 2020 2nd quarter* 317,731 191,318 126,413 89,742 36,671 317,731 173,251 129,543 79,302 50,241 41,509 34,478 7,031 2,199 144,480 103,430 41,050
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:
The figures of the period 1995-2017 are final. Data of 2018, 2019 and 2020 are provisional.

Changes as of September 23rd 2020:
Data of the final estimate of 2020q2 have been added to this table.

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.

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.