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 B-E Industry (no construction), energy C Manufacturing 29-30 Transport equipment (%) Production approach to GDP Value added basic prices A-F Agriculture and industry B-E Industry (no construction), energy C Manufacturing 31-33 Other manufacturing and repair (%) Production approach to GDP Value added basic prices G-N Commercial services G-I Trade, transport, hotels, catering Total (%) Production approach to GDP Value added basic prices G-N Commercial services G-I Trade, transport, hotels, catering G Wholesale and retail trade (%) Production approach to GDP Value added basic prices G-N Commercial services G-I Trade, transport, hotels, catering H Transportation and storage (%) Production approach to GDP Value added basic prices G-N Commercial services G-I Trade, transport, hotels, catering I Accommodation and food serving (%) Additional details Final consumption expenditure Expenditure classification Households including NPISHs Consumption of goods Durable consumer goods Transport equipment and parts (%) Additional details Final consumption expenditure Expenditure classification Households including NPISHs Consumption of services Transport and communication services (%) Additional details Gross fixed capital formation By type of fixed assets Fixed assets from production and imports Transport equipment (%) Additional details Exports by groups of products Transport equipment (%) Additional details Imports by groups of products Transport equipment (%)
Volume, on corresponding period (y/y) 2022 2nd quarter* 7.9 1.7 9.3 -1.1 15.3 104.0 -13.1 36.3 18.6 3.3 8.3
Volume, on previous period (q/q) 2022 2nd quarter* . . 3.8 . . . . . 37.4 . .
Value, on corresponding period (y/y) 2022 2nd quarter* -18.4 -6.9 12.8 -1.9 30.2 110.1 -6.1 39.3 28.7 8.4 17.8
Value, on previous period (q/q) 2022 2nd quarter* . . 3.6 . . . . . 41.5 . .
Price, on corresponding period (y/y) 2022 2nd quarter* -24.4 -8.5 3.2 -0.8 13.0 3.0 8.0 2.3 8.5 5.0 8.8
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
B-E Industry (no construction), energy
This category is made up of the categories:
B Mining and quarrying
C Manufacturing
D Electricity, gas, steam and air conditioning supply
E Water supply; sewerage, waste management and remediation activities
C Manufacturing
Manufacturing
29-30 Transport equipment
Manufacture of transport equipment
This category is made up of the categories:
29 Manufacture of motor vehicles, trailers and semi-trailers
30 Manufacture of other transport equipment
31-33 Other manufacturing and repair
Manufacture of furniture and other products; repair and installation of machinery and equipment
This category is made up of the categories:
31 Manufacture of furniture
32 Manufacture of other products (rest)
33 Repair and installation of machinery and equipment
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
G-I Trade, transport, hotels, catering
Trade, transport, hotels, catering
This category is made up of the categories:
G Wholesale and retail trade
H Transportation and storage
I Accommodation and food serving
Total
G Wholesale and retail trade
Wholesale and retail trade; repair of motor vehicles and motorcycles
H Transportation and storage
Transportation and storage
I Accommodation and food serving
Accommodation and food service 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.
Consumption of goods
Consumption of goods by households and NPI households.
Durable consumer goods
Durable consumer goods
Transport equipment and parts
Transport equipment and parts
Consumption of services
Consumption of services by households and NPI households.
Transport and communication services
Transport and communication services
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.
Transport equipment
Equipment for moving people and objects. For examples motor vehicles, trailers and semi-trailers, and other transport equipment.
Exports by groups of products
Exports by groups of products in according to standard products classification CPA 2008.
Transport equipment
Transport equipment
Imports by groups of products
Imports by groups of products in according to standard products classification CPA 2008.
Transport equipment
Transport equipment