GDP, output and expenditures; changes, Quarterly National Accounts

GDP, output and expenditures; changes, Quarterly National Accounts

Type of data Periods Expenditure approach to GDP Final expenditure National final expenditure Final consumption expenditure General government (%) Expenditure approach to GDP Final expenditure National final expenditure Gross fixed capital formation General government (%) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services Total (%) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services M Other specialised business services (%) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services N Renting and other business support Total (%) 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 (%) 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 (%) 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 (%) 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 (%) Additional details Final consumption expenditure Expenditure classification Households including NPISHs Consumption of services Financial and business services (%) Additional details Final consumption expenditure Expenditure classification General government Total (%) Additional details Final consumption expenditure Expenditure classification General government Individual consumption by government (%) Additional details Final consumption expenditure Expenditure classification General government Collective consumption by government (%)
Volume, on corresponding period (y/y) 2022 1st quarter* 2.5 . 10.7 . . . . . . . 2.5 4.6 -1.9
Volume, on previous period (q/q) 2022 1st quarter* -4.0 . 1.4 . . . . . . . -4.0 -4.3 -3.5
Value, on corresponding period (y/y) 2022 1st quarter* 6.7 . 12.4 . . . . . . . 6.7 8.7 2.4
Value, on previous period (q/q) 2022 1st quarter* -3.0 . 2.4 . . . . . . . -3.0 -4.1 -2.2
Price, on corresponding period (y/y) 2022 1st quarter* 4.1 . 1.5 . . . . . . . 4.1 3.9 4.5
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 1995-2019 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.
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.
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.
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.
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 specialized business services
N Renting and leasing of tangible goods and other business support services
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
Total
M Other specialised business services
Consultancy, research and other specialized business services
This section includes:
- specialized professional, scientific and technical activities. These activities require a high degree of training, and make specialized knowledge and skills available to users.
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
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
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.
Consumption of services
Consumption of services by households and NPI households.
Financial and business services
Financial and business services
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.
Total
Individual consumption by government
Consumption expenditure by the government in the field of education, health, social security and welfare, sport and recreation and culture are treated as individual consumption. These goods and services are financed by the general government but then divided to individuals.
Collective consumption by government
Collective services are services for collective consumption that are provided simultaneously to all members of the community or all members of a particular section of the community, such as all households living in a particular region. Collective services have the following characteristics:
- they can be delivered simultaneously to every member of the community or to particular sections of the community, such as those in a particular region or locality;
- the use of such services is usually passive and does not require the agreement or active participation of all the individuals concerned;
- the provision of a collective service to one individual does not reduce the amount available to other in the same community or section of the community.