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 G-N Commercial services M-N Business services N Renting and other business support 80-82 Security and other services (%) Additional details Gross fixed capital formation By type of fixed assets Fixed assets from production and imports ICT equipment Total (%) Additional details Gross fixed capital formation By type of fixed assets Fixed assets from production and imports ICT equipment Computers (%) Additional details Gross fixed capital formation By type of fixed assets Fixed assets from production and imports ICT equipment Telecommunication equipment (%)
Volume, on corresponding period (y/y) 2021 3rd quarter* 8.4 5.8 6.1 4.6
Volume, on previous period (q/q) 2021 3rd quarter* . -5.0 . .
Value, on corresponding period (y/y) 2021 3rd quarter* 9.0 7.8 7.7 8.5
Value, on previous period (q/q) 2021 3rd quarter* . -6.8 . .
Price, on corresponding period (y/y) 2021 3rd quarter* 0.5 1.9 1.5 3.7
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 and 2021 are provisional.

Changes as of December 24th 2021:
Data of the final estimate of 2021q3 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

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
N Renting and other business support
Renting and leasing of tangible goods and other business support 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
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 type of fixed assets
Gross fixed capital formation by type of capital goods
Fixed assets from production and imports
Fixed assets from production and imports.
ICT equipment
Information and communication technologies (ICT) equipment: devices using electronic controls and the electronic components used in the devices. Examples are electronic equipment and boards and computers and peripheral equipment.
Total
Computers
Data processing and electronic devices that are programmable by the user. This category includes peripheral equipment such as terminals and printers.
Telecommunication equipment
Telecommunication equipment. This category includes products such as telephones and mobile phones, television cameras, digital cameras.