GDP, output and expenditures; changes, Quarterly National Accounts

GDP, output and expenditures; changes, Quarterly National Accounts

Type of data Periods Production approach to GDP Taxes and subsidies on products Taxes less subsidies on products (%) Production approach to GDP Taxes and subsidies on products Taxes on products (%) Production approach to GDP Taxes and subsidies on products Subsidies on products (%) Income approach to GDP Taxes and subsidies on production Taxes less subsidies (%) Income approach to GDP Taxes and subsidies on production Taxes on production and imports (%) Income approach to GDP Taxes and subsidies on production Subsidies on production and imports (%) Additional details Taxes on production and imports Total (%) Additional details Taxes on production and imports Taxes on products (%) Additional details Taxes on production and imports Other taxes on production (%)
Volume, on corresponding period (y/y) 2020* -3.8 -3.6 9.4 -4.6 -3.1 8.8 -3.1 -3.6 0.6
Volume, on previous period (q/q) 2020* -3.8 -3.6 9.4 -4.6 -3.1 8.8 -3.1 -3.6 0.6
Value, on corresponding period (y/y) 2020* -3.0 -2.8 9.3 -35.8 -2.1 271.0 -2.1 -2.8 3.3
Value, on previous period (q/q) 2020* -3.0 -2.8 9.3 -35.8 -2.1 271.0 -2.1 -2.8 3.3
Price, on corresponding period (y/y) 2020* 0.8 0.8 -0.1 -32.7 1.0 240.9 1.0 0.8 2.7
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:
The figures of the period 1995-2017 are final. Data of 2018, 2019 and 2020 are provisional.

Changes as of February 16th 2021:
Data of the preliminary estimate of 2020q4 and the year 2020 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.

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.
Taxes and subsidies on products
Taxes on products are related to the value or the volume of products. They are levied on domestically produced or trans acted products and on imported products. Taxes on products are classified into taxes on domestic products, taxes on imports and VAT.
Subsidies on products are related to the value or the volume of products. They can be distinguished between subsidies on domestic products and subsidies on imports.
Taxes less subsidies on products
Taxes on products less subsidies on products.
Taxes on products
Taxes that are payable per unit of a given good or service produced or imported. The tax may be a specific amount of money per unit of quantity of a good or service, or it may be calculated as a specified percentage of the price per unit or value of the goods and services produced or traded.
Subsidies on products
Subsidies payable per unit of a good or service produced or imported. The amount of subsidies is related to the value or amount of product.
Income approach to GDP
The way GDP is formed by underlying components in the so-called income approach. In this approach the components are the incomes generated from production activities: compensation of employees and operating surplus / mixed income. To remain consistent with GDP at market prices, taxes less subsidies on production and imports (not necessarily product-related) are added.
Taxes and subsidies on production
Taxes and subsidies on production and imports.
Taxes less subsidies
Taxes less subsidies on production and imports, not necessarily product-related. This figures is needed to make GDP calculated by the income approach equal to GDP calculated by the production approach and the expenditure approach, GDP at market prices.
Taxes on production and imports
Taxes on production and imports are compulsory payments to the government and the European Union (EU), which are related to production, imports and to the use of production factors. Taxes on production and imports are classified into taxes on products and other taxes on production.
Subsidies on production and imports
Current payments from the Dutch government or the European Union to producers with the objective to influence output prices, employment or the remuneration of production factors. Subsidies are distinguished between subsidies on products and other subsidies on production.
Additional details
The additional details of some variables in the previous parts of this table are being given in this section.
Taxes on production and imports
Taxes on production and imports are compulsory payments to the government and the European Union (EU), which are related to production, imports and to the use of production factors. Taxes on production and imports are classified into taxes on products and other taxes on production.
Total
Taxes on products
Taxes that are payable per unit of a given good or service produced or imported. The tax may be a specific amount of money per unit of quantity of a good or service, or it may be calculated as a specified percentage of the price per unit or value of the goods and services produced or traded.
Other taxes on production
All taxes on production paid by producers, not related to the value or volume of products produced or transacted. Examples are real estate tax and sewerage charges paid by producers.