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* 324,549 184,292 140,434 104,628 35,826 324,549 164,840 124,405 79,637 44,753 41,023 34,677 6,339 -574 159,849 119,173 40,663
Prices of 2015 2020 2nd quarter* 305,328 175,447 129,898 97,469 32,535 305,328 160,250 118,857 72,862 45,937 38,413 31,879 6,540 3,031 145,065 107,318 37,773
Prices of 2015 2020 3rd quarter* 319,149 181,023 138,148 105,537 32,875 319,149 163,548 126,127 79,591 46,492 35,948 29,503 6,447 1,466 155,663 118,944 36,831
Prices of 2015 2020 4th quarter* 330,514 187,799 142,830 112,702 30,404 330,514 165,891 125,885 76,814 49,011 39,999 32,731 7,275 -8 164,807 129,381 35,614
Prices of 2015 2020* 1,279,510 728,547 551,288 420,296 131,652 1,279,510 654,556 495,269 308,913 186,185 155,396 128,807 26,602 3,934 625,318 474,722 150,880
Prices of 2015 2021 1st quarter* 316,579 180,309 136,377 108,317 28,822 316,579 159,644 119,351 73,209 46,053 40,809 34,341 6,467 -506 157,190 124,507 33,232
Prices of 2015 2021 2nd quarter* 338,226 194,174 144,092 113,044 31,719 338,226 173,166 130,699 80,288 50,351 42,166 35,757 6,395 238 165,455 127,580 38,279
Prices of 2015 2021 3rd quarter* 339,252 190,773 148,701 114,196 34,857 339,252 171,188 132,400 84,190 48,180 36,922 30,596 6,322 1,880 168,369 127,842 40,592
Prices of 2015 2021 4th quarter* 350,328 199,986 150,346 119,789 30,980 350,328 174,962 134,054 82,108 51,891 40,977 34,273 6,694 -94 175,657 137,070 38,720
Prices of 2015 2021* 1,344,345 765,236 579,480 455,308 126,386 1,344,345 678,947 516,496 319,779 196,474 160,883 134,976 25,878 1,507 666,653 516,961 150,811
Prices of 2015 2022 1st quarter* 333,203 192,842 140,343 110,660 30,447 333,203 168,844 128,228 80,992 47,193 40,867 . . -215 164,591 126,266 38,872
Current prices 2020 1st quarter* 343,276 201,819 141,457 103,265 38,192 343,276 180,848 136,371 86,282 50,089 44,905 38,141 6,764 -428 162,428 119,846 42,582
Current prices 2020 2nd quarter* 317,137 191,724 125,413 90,691 34,722 317,137 173,866 129,421 79,068 50,353 41,899 34,916 6,983 2,546 143,271 103,289 39,982
Current prices 2020 3rd quarter* 332,467 198,696 133,771 98,728 35,043 332,467 178,174 137,760 86,154 51,606 39,365 32,429 6,936 1,049 154,293 115,491 38,802
Current prices 2020 4th quarter* 346,863 207,856 139,007 106,188 32,819 346,863 183,928 139,306 83,721 55,585 44,259 36,376 7,883 363 162,935 124,979 37,956
Current prices 2020* 1,339,743 800,095 539,648 398,872 140,776 1,339,743 716,816 542,858 335,225 207,633 170,428 141,862 28,566 3,530 622,927 463,605 159,322
Current prices 2021 1st quarter* 340,605 202,192 138,413 107,414 30,999 340,605 178,385 133,836 81,073 52,763 45,316 38,285 7,031 -767 162,220 126,841 35,379
Current prices 2021 2nd quarter* 369,621 217,039 152,582 117,768 34,814 369,621 193,468 146,169 89,621 56,548 47,468 40,434 7,034 -169 176,153 134,690 41,463
Current prices 2021 3rd quarter* 377,414 215,421 161,993 123,560 38,433 377,414 194,127 149,311 93,718 55,593 42,317 35,249 7,068 2,499 183,287 139,330 43,957
Current prices 2021 4th quarter* 397,874 226,067 171,807 137,183 34,624 397,874 199,945 154,094 93,287 60,807 47,397 39,862 7,535 -1,546 197,929 155,127 42,802
Current prices 2021* 1,485,514 860,719 624,795 485,925 138,870 1,485,514 765,925 583,410 357,699 225,711 182,498 153,830 28,668 17 719,589 555,988 163,601
Current prices 2022 1st quarter* 394,996 225,234 169,762 135,004 34,758 394,996 198,356 150,805 94,517 56,288 48,414 . . -863 196,640 153,701 42,939
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 1995-2019 are final. Quarterly data of 2019, 2020, 2021 and 2022 are provisional.

Changes as of May 17th 2022:
Data of the preliminary estimate of 2022q1 have been added to this table.

Adjustments as of August 17th 2021:
The next adjustments were made in this version:
- The base year of chained volume data of seven time series of the group ‘National net lending or net borrowing’ was shifted from 2010 to 2015. This leads to changes in value, volume changes and prices of these time series.
- Some small rounding changes were made in the time series ‘Total final expenditure’ and ‘Changes in inventories’.

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.