GDP, output and expenditures; value, Quarterly National Accounts

GDP, output and expenditures; value, Quarterly National Accounts

Type of data Periods Production approach to GDP Value added basic prices G-N Commercial services L Renting, buying, selling real estate (million euros) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services N Renting and other business support Total (million euros) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services N Renting and other business support 77 Renting and leasing of tangible goods (million euros) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services N Renting and other business support 78 Employment activities (million euros) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services N Renting and other business support 79 Travel agencies, tour operators etc (million euros) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services N Renting and other business support 80-82 Security and other services (million euros) National net lending or net borrowing Surplus of the nation on income approach Net current transfers from rest of world Net current transfers from rest of world (million euros) National net lending or net borrowing Surplus of the nation on income approach Net current transfers from rest of world Current transfers from rest of world (million euros) National net lending or net borrowing Surplus of the nation on income approach Net current transfers from rest of world Current transfers paid to rest of world (million euros) National net lending or net borrowing Surplus on current transactions approach Net exports of goods (million euros) National net lending or net borrowing Surplus on current transactions approach Net exports of services (million euros) National net lending or net borrowing Surplus on current transactions approach Net primary income from rest of world (million euros) National net lending or net borrowing Surplus on current transactions approach Net current transfers from rest of world (million euros) National net lending or net borrowing Surplus on current transactions approach Adjustm. change in pension entitlements (million euros) National net lending or net borrowing Surplus on current transactions approach Surplus of nation on current transaction (million euros)
Current prices 2020* 56,061 . . . . . . . . . . . . . .
Current prices, seasonally adjusted 2020* 56,061 . . . . . . . . . . . . . .
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 February 16th 2021:
Data of the preliminary estimate of 2020q4 and the year 2020 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

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.
G-N Commercial services
Commercial services
This category is made up of the categories:
G Wholesale and retail trade
H Transportation and storage
I Accommodation and food serving
J Information and communication
K Financial institutions
L Renting and buying and selling of real estate
M Consultancy, research and other specialised business services
N Renting and leasing of tangible goods and other business support services
L Renting, buying, selling real estate
Renting, buying, selling real estate
M-N Business services
Business services
This category is made up of the categories:
M Consultancy, research and other specialized business services
N Renting and leasing of tangible goods and other business support services
N Renting and other business support
Renting and leasing of tangible goods and other business support services
Total
77 Renting and leasing of tangible goods
77 Renting and leasing of motor vehicles, consumer goods, machines and
other tangible goods
78 Employment activities
78 Employment placement, provision of temporary employment and payrolling
79 Travel agencies, tour operators etc
79 Travel agencies, tour operators, tourist information and reservation
services
80-82 Security and other services
This category is made up of the categories:
80 Security and investigation
81 Facility management
82 Other business services
National net lending or net borrowing
The calculation of the national net lending or net borrowing starting with gross domestic product (GDP). The national financing balance (net lending or net borrowing) is the balance of resources and expenditure on the current account and the capital account of the joint domestic sectors. In the financial account the balance gives the amount new loans are entered into with financial assets abroad and/or are sold (at a deficit) or for any amount to be repaid debts abroad and/or financial assets are purchased (at a surplus). In theory net lending or borrowing equals the change in assets less liabilities. In practice a statistical difference between the two remains.
Surplus of the nation on income approach
The approach of net lending or net borrowing through the surplus of national income.
Net current transfers from rest of world
The difference between current transfers received from the rest of the world and provided to the rest of the world.

When a residing enterprise has been active abroad for more than year, the local kind-of-activity unit is no longer considered a resident in the Netherlands but a resident in the country in which it is active. Vice versa, a kind-of-activity unit of foreign origin is no longer seen as a non-resident after it has been active in the Netherlands for more than one year. Resident persons who settle abroad are no longer seen as residents in the Netherlands but as residents in the country they moved to one year after they have left. Vice versa a foreigner who has settled in the Netherlands becomes a resident one year after he or she has moved in. Students are an exception to this rule. They are always considered residents in the country they lived in before commencing their study.


Net current transfers from rest of world
Current transfers from rest of world
Current transfers received from the rest of the world: taxes on income and wealth, social security benefits and other current transfers.
Current transfers paid to rest of world
Taxes on income and wealth, social premiums, social benefits in cash and other current transfers paid to the rest of the world.
Surplus on current transactions approach
The net lending (if positive) or borrowing (if negative) of the total economy to / from the rest of the world on current transactions (trade, primary income, current transfers). The surplus of the nation on current transactions is the last item in the use of income account to the rest of the world and consists of: net exports, net primary income from the rest of the world and net current transfers from the rest of the world. The surplus of the nation on current transactions equals the net national savings less the net fixed capital formation.
Net exports of goods
Net exports is the difference between the value of the exports of goods and the value of the imports of goods.
Net exports of services
Net exports of services is the difference between the value of the exports of services and the value of the imports of services.
Net primary income from rest of world
Received primary incomes from the rest of the world less provided primary incomes to the rest of the world.

When a residing enterprise has been active abroad for more than one year, the local kind-of-activity unit is no longer considered a resident in the Netherlands but a resident in the country in which it has become active. Vice versa, a kind-of-activity unit of foreign origin is no longer seen as a non-resident after it has been active in the Netherlands for more than one year. Resident persons who settle abroad are no longer seen as residents in the Netherlands but as residents in the country they moved to one year after they have left. Vice versa a foreigner who has settled in the Netherlands becomes a resident one year after he or she moved in. Students are an exception to this rule. They are always considered residents in the country they lived in before commencing their study.
Net current transfers from rest of world
The difference between current transfers received from the rest of the world and provided to the rest of the world.

When a residing enterprise has been active abroad for more than year, the local kind-of-activity unit is no longer considered a resident in the Netherlands but a resident in the country in which it is active. Vice versa, a kind-of-activity unit of foreign origin is no longer seen as a non-resident after it has been active in the Netherlands for more than one year. Resident persons who settle abroad are no longer seen as residents in the Netherlands but as residents in the country they moved to one year after they have left. Vice versa a foreigner who has settled in the Netherlands becomes a resident one year after he or she has moved in. Students are an exception to this rule. They are always considered residents in the country they lived in before commencing their study.


Adjustm. change in pension entitlements
Adjustment for net equity in pension funds reserves (surplus of the nation). Generally speaking the adjustment is made to pass changes in pension funds reserves through to household savings. The adjustment equals contributions to pension schemes less pension benefits. To estimate national savings only cross-border adjustments are relevant. The adjustments are also made for reserves of non-resident households who are customers of Dutch insurance companies. Reverse adjustments are necessary for these companies.
Surplus of nation on current transaction
The net lending (if positive) or borrowing (if negative) of the total economy to / from the rest of the world on current transactions (trade, primary income, current transfers). The surplus of the nation on current transactions is the last item in the use of income account to the rest of the world and consists of: net exports, net primary income from the rest of the world and net current transfers from the rest of the world. The surplus of the nation on current transactions equals the net national savings less the net fixed capital formation.