GDP, output and expenditures; changes, Quarterly National Accounts

GDP, output and expenditures; changes, Quarterly National Accounts

Type of data Periods Production approach to GDP Value added basic prices A-F Agriculture and industry Total (%) Production approach to GDP Value added basic prices A-F Agriculture and industry A Agriculture, forestry and fishing (%) Production approach to GDP Value added basic prices A-F Agriculture and industry F Construction (%) Production approach to GDP Value added basic prices O-U Non-commercial services R-U Culture, recreation, other services (%) Additional details Gross fixed capital formation By economic activity of destination Fixed assets from production and imports A Agriculture, forestry and fishing (%) Additional details Exports by groups of products Agriculture, forestry, fishing products (%) Additional details Imports by groups of products Agriculture, forestry, fishing products (%)
Volume, on corresponding period (y/y) 2022 2nd quarter* 3.3 -2.7 3.3 40.5 7.9 -5.4 -3.3
Volume, on previous period (q/q) 2022 2nd quarter* 1.4 -0.1 1.4 30.6 3.7 . .
Value, on corresponding period (y/y) 2022 2nd quarter* 12.3 1.5 -3.5 38.1 17.8 2.3 16.1
Value, on previous period (q/q) 2022 2nd quarter* -0.6 -4.7 -1.3 30.4 6.9 . .
Price, on corresponding period (y/y) 2022 2nd quarter* 8.7 4.3 -6.5 -1.7 9.1 8.1 20.1
Source: CBS.
Explanation of symbols

Table description


This table provides 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 and 2022q1 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

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.
A-F Agriculture and industry
This category is made up of the categories:
A Agriculture, forestry and fishing
B Mining and quarrying
C Manufacturing
D Electricity, gas, steam and air conditioning supply
E Water supply; sewerage, waste management and remediation activities
F Construction
Total
A Agriculture, forestry and fishing
Agriculture, forestry and fishing
F Construction
Construction
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
R-U Culture, recreation, other services
Culture, recreation, other services
This category is made up of the categories:
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
Additional details
The additional details of some variables in the previous parts of this table are being given in this section.
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 economic activity of destination
Gross fixed capital formation by economic activity of destination
Fixed assets from production and imports
Fixed assets from production and imports.
A Agriculture, forestry and fishing
Agriculture, forestry and fishing
Exports by groups of products
Exports by groups of products in according to standard products classification CPA 2008.
Agriculture, forestry, fishing products
Products of agriculture, forestry and fishing
Imports by groups of products
Imports by groups of products in according to standard products classification CPA 2008.
Agriculture, forestry, fishing products
Products of agriculture, forestry and fishing