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 (%) Expenditure approach to GDP Final expenditure Exports of goods and services Total (%) Expenditure approach to GDP Final expenditure Exports of goods and services Exports of goods (%) Expenditure approach to GDP Final expenditure Exports of goods and services Exports of services (%) Production approach to GDP Value added basic prices G-N Commercial services Total (%) Production approach to GDP Value added basic prices G-N Commercial services J Information and communication (%) Production approach to GDP Value added basic prices G-N Commercial services K Financial institutions (%) Production approach to GDP Value added basic prices G-N Commercial services L Renting, buying, selling real estate (%) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services Total (%) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services M Other specialised business services (%) 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 (%) Production approach to GDP Value added basic prices O-U Non-commercial services Total (%)
Volume, on corresponding period (y/y) 2022 1st quarter* 4.5 2.0 13.7 4.6 1.2 17.2 8.8 4.4 0.0 5.6 9.8 6.8 8.3 7.0
Volume, on previous period (q/q) 2022 1st quarter* -0.4 -4.5 15.0 -0.3 -3.2 9.2 0.3 -4.5 -0.1 1.8 0.2 . . 0.2
Value, on corresponding period (y/y) 2022 1st quarter* 24.2 25.2 20.7 21.7 21.6 22.0 9.7 4.1 -4.4 7.3 11.5 7.1 8.2 9.0
Value, on previous period (q/q) 2022 1st quarter* 3.3 1.3 9.1 3.3 1.6 8.7 0.9 -0.9 -0.3 2.2 1.2 . . 0.8
Price, on corresponding period (y/y) 2022 1st quarter* 18.8 22.7 6.2 16.3 20.2 4.1 0.9 -0.2 -4.4 1.6 1.6 0.3 -0.1 1.8
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.

Changes as of June 24th 2022:
Data of the final estimate of 2022q1 have been added to this table.
Dividends in 2019 paid by non-financial corporations to non-financial corporations are revised downwards. Payments to households and the rest of the world are revised upwards. Therefore, data of some time series in the calculation of National net lending or net borrowing in 2019 have been changed.

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.
Final expenditure
The sum of the National final expenditure and the exports of goods and services. This variable is by definition equal to the disposable final expenditure (GDP and imports).
Exports of goods and services
Transactions in goods and services (sales, barter and gifts) from residents (in the Netherlands) to non-residents. Exports of goods occurs when economic ownership of goods is passed from residents to non-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
Exports of goods
Transactions in goods (sales, barter and gifts) from residents (in the Netherlands) to non-residents. Exports of goods occurs when economic ownership of goods is passed from residents to non-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 exports of goods are re-exports: goods that were imported before being exported, after having received at most minor adaptations.
Exports of services
Transactions in services (sales, barter and gifts) from residents (in the Netherlands) to non-residents. Exports of goods occurs when economic ownership of goods is passed from residents to non-residents. Exports of services include among others the following cases: transportation by resident carriers abroad, harbor services and ship maintenance to non-residents, works performed abroad by resident contractors. Expenses made in the Netherlands by foreign tourists, diplomats and cross-border workers.
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
Total
J Information and communication
Information and communication
K Financial institutions
Financial institutions
L Renting, buying, selling real estate
Renting, buying, selling real estate
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
Total
M Other specialised business services
Consultancy, research and other specialized business services
This section includes:
- specialized professional, scientific and technical activities. These activities require a high degree of training, and make specialized knowledge and skills available to users.
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
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
Total