GDP, output and expenditures; changes, Quarterly National Accounts

GDP, output and expenditures; changes, Quarterly National Accounts

Type of data Periods Expenditure approach to GDP Disposable for final expenditure Imports of goods and services Total (%) Expenditure approach to GDP Disposable for final expenditure Imports of goods and services Imports of goods (%) Expenditure approach to GDP Disposable for final expenditure Imports of goods and services Imports of services (%) 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 Gross fixed capital formation By type of fixed assets Fixed assets from production and imports Total (%) Additional details Gross fixed capital formation By type of fixed assets Fixed assets from production and imports Dwellings (%) Additional details Gross fixed capital formation By type of fixed assets Fixed assets from production and imports Transport equipment (%) Additional details Gross fixed capital formation By type of fixed assets Fixed assets from production and imports Other machinery and equipment (%) Additional details Gross fixed capital formation By type of fixed assets Fixed assets from production and imports Cultivated biological resources (%) Additional details Gross fixed capital formation By economic activity of destination Fixed assets from production and imports Total (%) Additional details Gross fixed capital formation By economic activity of destination Fixed assets from production and imports A Agriculture, forestry and fishing (%) Additional details Gross fixed capital formation By economic activity of destination Fixed assets from production and imports B-F Industry and energy (%) Additional details Gross fixed capital formation By economic activity of destination Fixed assets from production and imports G-N Commercial services (%) Additional details Gross fixed capital formation By economic activity of destination Fixed assets from production and imports O-U Noncommercial services (%) Additional details Imports by groups of products Total imports of goods and services (%) Additional details Imports by groups of products Agriculture, forestry, fishing products (%) Additional details Imports by groups of products Mining and quarrying (%) Additional details Imports by groups of products Food, beverages and tobacco products (%) Additional details Imports by groups of products Textiles, wearing apparel and leather (%) Additional details Imports by groups of products Wood and paper products, and printing (%) Additional details Imports by groups of products Coke and refined petroleum products (%) Additional details Imports by groups of products Chemical and pharmaceutical products (%) Additional details Imports by groups of products Rubber, plastics and other minerals (%) Additional details Imports by groups of products Basic metals and metal products (%) Additional details Imports by groups of products Machinery and electrical equipment (%) Additional details Imports by groups of products Computer, electronic, optical products (%) Additional details Imports by groups of products Transport equipment (%) Additional details Imports by groups of products Other manufactured products i.e. (%) Additional details Imports by groups of products Other products (%) Additional details Imports by groups of products Consumption by residents abroad (%) Additional details Imports by groups of products Cif/fob-adjustment (%) Additional details Imports by groups of products Imports of goods Total (%) Additional details Imports by groups of products Imports of goods Imports of goods (cif) (%) Additional details Imports by groups of products Imports of goods Cif/fob-adjustment and reclassification (%) Additional details Imports by groups of products Imports of services Total (%) Additional details Imports by groups of products Imports of services Import of services (cif) (%) Additional details Imports by groups of products Imports of services Cif/fob-reclassification (%) 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 (%) Additional details Subsidies on production and imports Total (%) Additional details Subsidies on production and imports Subsidies on products (%) Additional details Subsidies on production and imports Other subsidies on production (%)
Volume, on corresponding period (y/y) 2021 3rd quarter* 7.6 8.1 6.0 1.3 3.7 2.9 2.6 -7.7 8.0 . 2.9 6.7 5.2 2.1 2.4 7.6 3.8 1.4 4.1 5.7 11.7 3.6 17.4 13.3 10.9 12.6 4.9 -6.9 16.5 2.0 85.3 22.9 8.1 8.4 27.2 6.0 5.5 30.0 1.3 1.1 2.8 3.7 30.0 2.1
Volume, on previous period (q/q) 2021 3rd quarter* 3.1 1.9 6.7 . . -2.4 -3.3 -4.0 3.2 . -2.4 7.5 -3.4 -3.3 0.7 3.1 . . . . . . . . . . . . . . . . 1.9 . . 6.7 . . . . . . . .
Value, on corresponding period (y/y) 2021 3rd quarter* 21.1 25.1 9.7 8.0 -25.0 7.6 11.3 -4.9 11.7 . 7.6 9.0 8.4 7.9 5.8 21.1 11.8 91.1 11.5 9.1 39.8 56.8 41.6 20.9 44.8 14.6 6.5 -5.8 19.8 5.8 104.5 25.1 25.1 25.1 29.7 9.7 9.2 32.7 8.0 8.8 2.2 -25.0 46.5 -29.2
Value, on previous period (q/q) 2021 3rd quarter* 6.8 6.5 7.6 4.2 -19.6 -0.9 -1.3 -8.1 4.8 . -0.9 5.7 1.3 2.1 1.2 6.8 . . . . . . . . . . . . . . . . 6.5 . . 7.6 . . . . . . . .
Price, on corresponding period (y/y) 2021 3rd quarter* 12.5 15.7 3.4 6.6 -27.7 4.6 8.5 3.0 3.4 . 4.6 2.1 3.0 5.7 3.3 12.5 7.6 88.6 7.0 3.2 25.2 51.3 20.6 6.7 30.5 1.8 1.5 1.1 2.8 3.7 10.4 1.8 15.7 15.5 2.0 3.4 3.5 2.1 6.6 7.6 -0.6 -27.7 12.7 -30.7
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

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.
Disposable for final expenditure
The total amount of domestic generated goods and services (GDP) and the imported goods and services are adding up to the disposable for final expenditure. This variable is by definition equal to the total final expenditure, which is the sum of the National final expenditure and the exports of goods and services.
Imports of goods and services
Transactions in goods and services (sales, barter and gifts) from non-residents to residents (in the Netherlands). Imports of goods occurs when economic ownership of goods is passed from non-residents to residents. This applies irrespective of corresponding physical movements of goods across frontiers. An enterprise or institution is considered residential after it has been active in the Netherlands for at least one year. This applies irrespective of the question whether the enterprise or institute has foreign owners.
Total
Imports of goods
Transactions in goods (sales, barter and gifts) from non-residents to residents (in the Netherlands). Imports of goods occurs when economic ownership of goods is passed from non-residents to residents. This applies irrespective of corresponding physical movements of goods across frontiers. An enterprise or institution is considered residential after it has been active in the Netherlands for at least one year. This applies irrespective of the question whether the enterprise or institute has foreign owners. Part of the imports are raw materials, semi-finished products, fuel and fixed assets. Furthermore, imports of goods may be re-exports: goods that were imported before being exported, after having received at most minor adaptations.
Imports of services
Transactions in services (sales, barter and gifts) from non-residents to residents (in the Netherlands). Imports of services applies among others to expenses made by Dutch companies abroad, like costs of transportation, banking costs and business travels. Imports by services are also made by the Dutch general government, among others by means of expenses made by Dutch embassies and consulates. Imports of services by households consist among others of imports of consumer goods and the direct consumptive expenditure by Dutch residents abroad.
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 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.
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.
Total
Dwellings
Buildings that are used entirely or primarily as residences, including any associated structures, such as garages, and all permanent fixtures customarily installed in residences. Houseboats, barges, mobile homes and caravans used as principal residences of households are also included, as are public monuments identified primarily as dwellings. Costs of site clearance and preparation are also included. Examples include residential buildings, such as one- and two-dwelling buildings and other residential buildings intended for non-transient occupancy. Uncompleted dwellings are included to the extent that the ultimate user is deemed to have taken ownership, either because the construction is on own- account or as evidenced by the existence of a contract of sale/purchase. Dwellings acquired for military personnel are included because they are used, as are dwellings acquired by civilian units, for the production of housing services. The value of dwellings is net of the value of land underlying dwellings, which is included in land if separately classified.
Transport equipment
Equipment for moving people and objects. For examples motor vehicles, trailers and semi-trailers, and other transport equipment.
Other machinery and equipment
Other machinery and equipment including weapon systems.
Cultivated biological resources
Livestock for breeding, dairy, draught, etc. and vineyards, orchards and other plantations of trees yielding repeat products that are under the direct control, responsibility and management of institutional units, as defined below. Immature cultivated assets are excluded unless produced for own use.
By economic activity of destination
Gross fixed capital formation by economic activity of destination
Fixed assets from production and imports
Fixed assets from production and imports.
Total
A Agriculture, forestry and fishing
Agriculture, forestry and fishing
B-F Industry and 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
F Construction
G-N Commercial services
This category is made up of the categories:
G Wholesale and retail trade; repair of motor vehicles and motorcycles
H Transportation and storage
I Accommodation and food service activities
J Information and communication
K Financial institutions
L Renting, 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
O-U Noncommercial services
This category is made up of the categories:
O Public administration, public services and compulsory social security
P Education
Q Human 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 and bodies
Imports by groups of products
Imports by groups of products in according to standard products classification CPA 2008.
Total imports of goods and services
Transactions in goods and services (sales, barter and gifts) from non-residents to residents (in the Netherlands). Imports of goods occurs when economic ownership of goods is passed from non-residents to residents. This applies irrespective of corresponding physical movements of goods across frontiers. An enterprise or institution is considered residential after it has been active in the Netherlands for at least one year. This applies irrespective of the question whether the enterprise or institute has foreign owners.
Agriculture, forestry, fishing products
Products of agriculture, forestry and fishing
Mining and quarrying
Mining and quarrying
Food, beverages and tobacco products
Food, beverages and tobacco products
Textiles, wearing apparel and leather
Textiles, wearing apparel and leather products
Wood and paper products, and printing
Wood and paper products, and printing services
Coke and refined petroleum products
Coke and refined petroleum products
Chemical and pharmaceutical products
Chemicals and chemical products, basic pharmaceutical products and pharmaceutical preparations
Rubber, plastics and other minerals
Rubber and plastics products, and other non-metallic mineral products.
Basic metals and metal products
Basic metals and fabricated metal products, except machinery and equipment
Machinery and electrical equipment
Electrical equipment, machinery and equipment n.e.c.
Computer, electronic, optical products
Computer, electronic and optical products
Transport equipment
Transport equipment
Other manufactured products i.e.
Other manufactured products i.e.
Other products
Other products not elsewhere classified
Consumption by residents abroad
Final consumption by residents in the rest of the world.
Cif/fob-adjustment
Cif/fob adjustment of the transport costs abroad of Dutch freighters. Total imports (goods) and exports (services) are reduced by the same amount.
Imports of goods
Transactions in goods (sales, barter and gifts) from non-residents to residents (in the Netherlands). Imports of goods occurs when economic ownership of goods is passed from non-residents to residents. This applies irrespective of corresponding physical movements of goods across frontiers. An enterprise or institution is considered residential after it has been active in the Netherlands for at least one year. This applies irrespective of the question whether the enterprise or institute has foreign owners. Part of the imports are raw materials, semi-finished products, fuel and fixed assets. Furthermore, imports of goods may be re-exports: goods that were imported before being exported, after having received at most minor adaptations.
Total
Imports of goods (cif)
Imports of goods including the transport and insurance costs made abroad (cost-insurance-freight = cif-valuation).
Cif/fob-adjustment and reclassification
Cif/fob adjustment of the transport costs abroad of Dutch freighters.Total imports (goods) and exports (services) are reduced by the same amount.
Cif/fob reclassification of the transport costs abroad of foreign freighters, from imports of goods to imports of services. It leaves total imports and total exports unchanged.
Imports of services
Transactions in services (sales, barter and gifts) from non-residents to residents (in the Netherlands). Imports of services applies among others to expenses made by Dutch companies abroad, like costs of transportation, banking costs and business travels. Imports by services are also made by the Dutch general government, among others by means of expenses made by Dutch embassies and consulates. Imports of services by households consist among others of imports of consumer goods and the direct consumptive expenditure by Dutch residents abroad.
Total
Import of services (cif)
Imports of services include the transport and insurance costs made abroad (cost-insurance-freight = cif-valuation).
Cif/fob-reclassification
Cif/fob reclassification of the transport costs abroad of foreign freighters, from imports of goods to imports of services. It leaves total imports and total exports unchanged.
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.
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.
Total
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.
Other subsidies on production
Other subsidies on production include all subsidies on production paid to producers, not related to the value or volume of products domestically produced or transacted.