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 O-U Non-commercial services O-Q Government and care Total (%) Production approach to GDP Value added basic prices O-U Non-commercial services O-Q Government and care Q Health and social work activities (%) Additional details Gross fixed capital formation By type of fixed assets Fixed assets from production and imports Other buildings and structures Costs of ownership transfer of land (%)
Volume, on corresponding period (y/y) 2023* 2.4 3.5 0.6
Volume, on previous period (q/q) 2023* 2.4 3.5 0.6
Value, on corresponding period (y/y) 2023* 8.2 9.4 -2.4
Value, on previous period (q/q) 2023* 8.2 9.4 -2.4
Price, on corresponding period (y/y) 2023* 5.7 5.7 -3.0
Source: CBS.
Explanation of symbols

Dataset is not available.


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 1995-2021 are final. Quarterly data of 2021, 2022 and 2023 are provisional.

Changes as of March 25th 2024:
Data of the final estimate on the fourth quarter of 2023 and year 2023 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. If (new) annual figures become available in June, the quarterly figures will be revised again to bring them in line with the annual figures. Please note that there is a possibility that adjustments might take place at the end of March or September, in order to provide the European Commission with the latest 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.
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
O-Q Government and care
Government and care
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
Total
Q Health and social work activities
Human health and social work activities
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.
Other buildings and structures
Other buildings and structures consist of buildings other than dwellings, other structures and land improvements, as defined below. Uncompleted buildings and structures are included to the extent that the ultimate user is deemed to have taken ownership, either because the construction is for own use or as evidenced by the existence of a contract of sale/purchase. Buildings and structures acquired for military purposes are included. The value of other buildings and structures is net of the value of land underlying them, which is included in land if separately classified.
Costs of ownership transfer of land
The costs of ownership transfer of land.