GDP, output and expenditures; value, Quarterly National Accounts

GDP, output and expenditures; value, Quarterly National Accounts

Type of data Periods 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 Gross fixed capital formation Enterprises and households (million euros) Production approach to GDP Value added basic prices O-U Non-commercial services O-Q Government and care Total (million euros) Production approach to GDP Value added basic prices O-U Non-commercial services O-Q Government and care Q Health and social work activities (million euros) Additional details Final consumption expenditure Expenditure classification Households including NPISHs Total (million euros) Additional details Final consumption expenditure Expenditure classification Households including NPISHs Domestic final consumption (million euros) Additional details Final consumption expenditure Expenditure classification Households including NPISHs Consumption by residents abroad (million euros) Additional details Final consumption expenditure Expenditure classification Households including NPISHs Consumption non-residents in Netherlands (million euros) Additional details Gross fixed capital formation By type of fixed assets Sales of used fixed assets (-) (million euros) Additional details Gross fixed capital formation By economic activity of destination Sales of used fixed assets (-) (million euros)
Prices of 2015 2022 1st quarter* 83,385 35,053 34,468 16,033 83,385 83,298 2,087 2,095 1,162 1,162
Prices of 2015 seasonally adjusted 2022 1st quarter* 84,673 34,289 36,091 . 84,673 . . . 1,088 1,088
Current prices 2022 1st quarter* 97,199 41,893 41,571 19,190 97,199 97,093 2,527 2,421 1,275 1,275
Current prices, seasonally adjusted 2022 1st quarter* 98,752 40,972 43,253 . 98,752 . . . 1,206 1,206
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 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.

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.
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).
National final expenditure
The sum of the consumption of households and the government, gross fixed capital formation and changes in inventories.
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.
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.
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.

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.
Production approach to GDP
The way GDP is formed by underlying components in the so-called production approach. In this approach GDP equals the sum of value added over all branches (including non-commercial ones). Value added is thereby registered at basic prices. GDP at market prices is obtained by adding taxes less subsidies on production and the difference between imputed and paid VAT. The included taxes and subsidies apply both to produced and imported goods and services. Examples of these are VAT and taxes on import.
Value added basic prices
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.
Net value added can be obtained by deducting consumption of fixed capital from gross value added.
O-U Non-commercial services
Non-commercial services
This category is made up of the categories:
O Public administration, public services and compulsory social security
P Education
Q Health and social work activities
R Culture, sports and recreation
S Other service activities
T Activities of households as employers; undifferentiated goods- and service- producing activities of households for own use
U Extraterritorial organizations
O-Q Government and care
Government and care
This category is made up of the categories:
O Public administration, public services and compulsory social security
P Education
Q Health and social work activities
Total
Q Health and social work activities
Human health and social work activities
Additional details
The additional details of some variables in the previous parts of this table are being given in this section.
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.
Expenditure classification
This classification focuses on the expenses for consumption goods and services. The total final consumptions is divided to sectors which actually financed the consumption expenditures.
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.
Total
Domestic final consumption
Final consumption expenditures which took place in the Netherlands.
Consumption by residents abroad
Final consumption by residents in the rest of the world.
Consumption non-residents in Netherlands
Final consumption by non-residents in the Netherlands.
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.

By type of fixed assets
Gross fixed capital formation by type of capital goods
Sales of used fixed assets (-)
Sales of used fixed assets
By economic activity of destination
Gross fixed capital formation by economic activity of destination
Sales of used fixed assets (-)
Sales of used fixed assets.