Structure national net lending/borrowing; National Accounts

Structure national net lending/borrowing; National Accounts

Periods Gross domestic product (million euros) Net primary income from rest of world Net primary income from rest of world (million euros) Net primary income from rest of world Primary income from rest of world Total (million euros) Net primary income from rest of world Primary income from rest of world Compensation of employees (million euros) Net primary income from rest of world Primary income from rest of world Property income (million euros) Net primary income from rest of world Primary income from rest of world Subsidies received from rest of world (million euros) Net primary income from rest of world Primary income paid to rest of world Total (million euros) Net primary income from rest of world Primary income paid to rest of world Compensation of employees (million euros) Net primary income from rest of world Primary income paid to rest of world Property income (million euros) Net primary income from rest of world Primary income paid to rest of world Taxes on production and imports (million euros) Gross national income (million euros) Consumption of fixed capital (-) (million euros) Net national income (million euros) Net current transfers from rest of world Net current transfers from rest of world (million euros) Net current transfers from rest of world Current transfers from rest of world Total (million euros) Net current transfers from rest of world Current transfers from rest of world Current taxes on income and wealth (million euros) Net current transfers from rest of world Current transfers from rest of world Social contributions (million euros) Net current transfers from rest of world Current transfers from rest of world Social benefits in cash (million euros) Net current transfers from rest of world Current transfers from rest of world Other current transfers (million euros) Net current transfers from rest of world Current transfers paid to rest of world Total (million euros) Net current transfers from rest of world Current transfers paid to rest of world Current taxes on income and wealth (million euros) Net current transfers from rest of world Current transfers paid to rest of world Social contributions (million euros) Net current transfers from rest of world Current transfers paid to rest of world Social benefits in cash (million euros) Net current transfers from rest of world Current transfers paid to rest of world Other current transfers (million euros) Net disposable national income (million euros) Final consumption expenditure (-) (million euros) Adjustm. change in pension entitlements (million euros) Net national saving (million euros) Net fixed capital formation (-) (million euros) Changes in inventories (-) (million euros) Surplus nation on current transactions Surplus nation on current transactions (million euros) Surplus nation on current transactions Net exports Total (million euros) Surplus nation on current transactions Net exports Net exports of goods (million euros) Surplus nation on current transactions Net exports Net exports of services (million euros) Surplus nation on current transactions Net primary income from rest of world Net primary income (million euros) Surplus nation on current transactions Net primary income from rest of world Primary income from rest of world (million euros) Surplus nation on current transactions Net primary income from rest of world Primary income paid to rest of world (-) (million euros) Surplus nation on current transactions Net current transfers from rest of world Net current transfers (million euros) Surplus nation on current transactions Net current transfers from rest of world Current transfers from rest of world (million euros) Surplus nation on current transactions Net current transfers from rest of world Current transfers paid to rest of world (million euros) Surplus nation on current transactions Adjustm. change in pension entitlements (million euros) Net capital transfers from rest of world Net capital transfers from rest of world (million euros) Net capital transfers from rest of world Capital transfers from rest of world (million euros) Net capital transfers from rest of world Capital transfers paid to rest of world (million euros) Acq. less disposals of non-prod. assets (million euros) National net lending or net borrowing National net lending or net borrowing (million euros) National net lending or net borrowing Total financial transactions in assets (million euros) National net lending or net borrowing Total financial transactions liabilities (million euros)
1995 329.547 5.044 46.006 1.176 42.761 2.069 40.962 1.698 37.650 1.614 334.591 52.442 282.149 -6.264 4.552 1.070 419 36 3.027 10.816 909 431 666 8.810 275.885 236.115 -23 39.747 16.530 2.633 20.584 21.827 19.626 2.201 5.044 46.006 40.962 -6.264 4.552 10.816 -23 -923 576 1.499 0 19.661 103.102 81.244
1996 344.625 5.782 51.376 1.220 48.425 1.731 45.594 1.664 42.384 1.546 350.407 54.428 295.979 -6.650 4.890 1.096 431 42 3.321 11.540 970 436 691 9.443 289.329 246.044 -18 43.267 19.912 3.412 19.943 20.829 18.233 2.596 5.782 51.376 45.594 -6.650 4.890 11.540 -18 -1.330 884 2.214 0 18.613 125.562 107.442
1997 369.046 3.646 61.405 1.295 58.436 1.674 57.759 1.829 54.224 1.706 372.692 56.672 316.020 -7.108 5.544 1.404 475 47 3.618 12.652 1.086 461 738 10.367 308.912 261.203 -24 47.685 23.343 4.286 20.056 23.542 20.721 2.821 3.646 61.405 57.759 -7.108 5.544 12.652 -24 -1.108 816 1.924 7 18.955 203.531 181.623
1998 394.295 -1.164 62.704 1.306 59.805 1.593 63.868 2.057 60.182 1.629 393.131 59.572 333.559 -6.659 5.663 1.623 546 46 3.448 12.322 1.142 493 769 9.918 326.900 279.664 -38 47.198 26.566 4.328 16.304 24.165 22.586 1.579 -1.164 62.704 63.868 -6.659 5.663 12.322 -38 -685 880 1.565 26 15.645 208.673 192.012
1999 419.459 5.735 75.874 1.135 73.180 1.559 70.139 1.777 66.716 1.646 425.194 63.554 361.640 -6.758 6.059 2.129 619 54 3.257 12.817 1.134 508 812 10.363 354.882 299.389 -51 55.442 32.576 1.255 21.611 22.685 22.565 120 5.735 75.874 70.139 -6.758 6.059 12.817 -51 -790 1.118 1.908 12 20.833 294.756 274.505
2000 452.007 8.104 127.216 1.209 124.382 1.625 119.112 1.984 115.531 1.597 460.111 69.130 390.981 -9.038 7.550 1.719 663 64 5.104 16.588 1.330 539 882 13.837 381.943 320.406 -33 61.504 32.726 163 28.615 29.582 29.103 479 8.104 127.216 119.112 -9.038 7.550 16.588 -33 -795 1.445 2.240 -4 27.816 252.019 223.786
2001 481.881 -2.266 115.142 1.289 112.536 1.317 117.408 2.020 113.881 1.507 479.615 74.670 404.945 -8.533 6.568 1.862 648 200 3.858 15.101 1.278 535 1.014 12.274 396.412 340.804 -25 55.583 32.036 2.769 20.778 31.602 32.146 -544 -2.266 115.142 117.408 -8.533 6.568 15.101 -25 48 1.207 1.159 22 20.848 329.195 306.155
2002 501.137 -1.342 101.007 1.246 98.314 1.447 102.349 2.195 98.789 1.365 499.795 79.534 420.261 -8.324 5.999 1.833 679 217 3.270 14.323 1.213 541 1.117 11.452 411.937 361.580 -42 50.315 26.123 -375 24.567 34.275 36.061 -1.786 -1.342 101.007 102.349 -8.324 5.999 14.323 -42 162 967 805 0 24.729 312.842 288.056
2003 512.810 5.456 104.376 1.130 101.618 1.628 98.920 2.512 95.000 1.408 518.266 82.760 435.506 -8.220 6.193 1.910 799 207 3.277 14.413 1.393 490 1.269 11.261 427.286 373.652 -45 53.589 22.876 -571 31.284 34.093 36.800 -2.707 5.456 104.376 98.920 -8.220 6.193 14.413 -45 233 1.261 1.028 16 31.533 295.522 261.006
2004 529.286 2.996 128.786 1.132 125.962 1.692 125.790 2.838 121.373 1.579 532.282 85.625 446.657 -9.097 6.856 2.175 936 218 3.527 15.953 1.590 418 1.363 12.582 437.560 380.762 -38 56.760 21.779 154 34.827 40.966 42.317 -1.351 2.996 128.786 125.790 -9.097 6.856 15.953 -38 316 1.272 956 41 35.184 276.860 244.672
2005 550.883 -7.612 160.989 1.099 158.270 1.620 168.601 2.962 163.956 1.683 543.271 88.591 454.680 -10.324 7.436 2.610 952 230 3.644 17.760 1.873 403 1.574 13.910 444.356 391.614 -11 52.731 23.863 224 28.644 46.591 47.791 -1.200 -7.612 160.989 168.601 -10.324 7.436 17.760 -11 235 1.440 1.205 18 28.897 346.784 314.051
2006 584.546 4.552 189.020 1.072 186.041 1.907 184.468 3.747 178.936 1.785 589.098 92.481 496.617 -11.295 8.301 3.173 1.338 242 3.548 19.596 2.153 405 1.617 15.421 485.322 411.440 33 73.915 30.513 -101 43.503 50.213 50.699 -486 4.552 189.020 184.468 -11.295 8.301 19.596 33 -157 1.329 1.486 -906 42.440 653.776 613.385
2007 619.170 -262 245.077 1.050 242.716 1.311 245.339 6.922 236.393 2.024 618.908 97.227 521.681 -10.611 9.835 4.564 1.905 234 3.132 20.446 2.715 403 1.748 15.580 511.070 430.679 65 80.456 46.999 347 33.110 43.918 52.954 -9.036 -262 245.077 245.339 -10.611 9.835 20.446 65 -499 708 1.207 4.086 36.697 695.742 661.458
2008 647.198 -18.191 204.761 1.039 202.226 1.496 222.952 8.701 212.074 2.177 629.007 102.612 526.395 -9.441 11.191 4.973 2.353 248 3.617 20.632 2.624 392 2.150 15.466 516.954 447.484 48 69.518 40.529 1.384 27.605 55.189 52.201 2.988 -18.191 204.761 222.952 -9.441 11.191 20.632 48 -708 643 1.351 -864 26.033 104.858 78.896
2009 624.842 -6.089 174.480 1.153 171.941 1.386 180.569 9.202 169.547 1.820 618.753 106.530 512.223 -6.249 10.873 4.469 2.557 248 3.599 17.122 2.068 393 2.629 12.032 505.974 447.976 41 58.039 26.598 -3.653 35.094 47.391 47.422 -31 -6.089 174.480 180.569 -6.249 10.873 17.122 41 -820 954 1.774 -283 33.991 127.696 96.934
2010 639.187 1.903 228.106 1.211 225.596 1.299 226.203 8.635 215.600 1.968 641.090 109.791 531.299 -8.689 11.316 4.427 2.488 248 4.153 20.005 2.741 386 2.548 14.330 522.610 458.253 121 64.478 16.107 3.356 45.015 51.680 50.414 1.266 1.903 228.106 226.203 -8.689 11.316 20.005 121 -1.966 887 2.853 -822 42.227 193.208 151.745
2011 650.359 9.125 244.358 1.366 241.541 1.451 235.233 9.190 223.857 2.186 659.484 110.021 549.463 -8.619 11.937 4.575 2.582 248 4.532 20.556 3.083 398 2.543 14.532 540.844 464.525 178 76.497 20.944 -635 56.188 55.504 54.983 521 9.125 244.358 235.233 -8.619 11.937 20.556 178 -577 774 1.351 -379 55.232 384.500 330.150
2012 652.966 11.219 232.087 1.464 229.242 1.381 220.868 9.140 209.681 2.047 664.185 111.232 552.953 -8.020 12.470 4.818 2.665 248 4.739 20.490 3.220 407 2.691 14.172 544.933 467.112 147 77.968 11.273 -239 66.934 63.588 60.738 2.850 11.219 232.087 220.868 -8.020 12.470 20.490 147 -254 827 1.081 -10.487 56.193 224.127 171.056
2013 660.463 8.977 237.726 1.564 234.619 1.543 228.749 8.769 217.971 2.009 669.440 113.167 556.273 -9.960 12.538 4.765 2.628 250 4.895 22.498 3.283 415 2.671 16.129 546.313 470.767 77 75.623 8.070 1.015 66.538 67.444 64.563 2.881 8.977 237.726 228.749 -9.960 12.538 22.498 77 -531 792 1.323 -1.103 64.904 302.422 241.478
2014 671.560 -1.629 268.314 1.766 265.269 1.279 269.943 8.420 259.107 2.416 669.931 114.366 555.565 -9.063 13.581 5.486 3.264 253 4.578 22.644 3.542 433 2.493 16.176 546.502 476.709 71 69.864 3.772 2.156 63.936 74.557 63.927 10.630 -1.629 268.314 269.943 -9.063 13.581 22.644 71 -493 692 1.185 -851 62.592 248.528 187.458
2015 690.008 559 260.629 1.903 257.128 1.598 260.070 8.591 248.362 3.117 690.567 115.742 574.825 -8.997 14.121 5.425 3.211 270 5.215 23.118 3.913 445 2.769 15.991 565.828 483.170 173 82.831 36.791 2.546 43.494 51.759 65.447 -13.688 559 260.629 260.070 -8.997 14.121 23.118 173 -297 1.097 1.394 -3.084 40.113 350.880 309.016
2016 708.337 -10.436 260.406 1.796 257.183 1.427 270.842 8.841 258.903 3.098 697.901 117.912 579.989 -4.959 13.195 5.484 3.239 240 4.232 18.154 3.673 435 2.783 11.263 575.030 490.883 206 84.353 23.763 3.446 57.144 72.333 65.703 6.630 -10.436 260.406 270.842 -4.959 13.195 18.154 206 -1.020 1.023 2.043 -157 55.967 404.482 347.393
2017 738.146 5.607 263.441 1.825 260.119 1.497 257.834 9.347 245.348 3.139 743.753 121.452 622.301 -5.325 13.354 5.767 3.433 240 3.914 18.679 4.076 447 2.909 11.247 616.976 506.752 248 110.472 27.218 3.334 79.920 79.390 71.944 7.446 5.607 263.441 257.834 -5.325 13.354 18.679 248 -346 998 1.344 22 79.596 263.091 186.377
2018 773.987 8.865 303.887 1.933 300.446 1.508 295.022 10.296 281.359 3.367 782.852 127.456 655.396 -6.758 14.598 6.756 3.635 240 3.967 21.356 4.270 459 3.005 13.622 648.638 530.171 200 118.667 30.637 4.116 83.914 81.607 71.611 9.996 8.865 303.887 295.022 -6.758 14.598 21.356 200 -244 1.066 1.310 -270 83.400 -222.816 -310.080
2019 813.055 3.392 272.194 1.857 268.720 1.617 268.802 11.919 253.299 3.584 816.447 133.227 683.220 -7.165 16.299 7.855 4.021 240 4.183 23.464 5.519 452 2.979 14.514 676.055 553.681 244 122.618 39.581 6.848 76.189 79.718 60.104 19.614 3.392 272.194 268.802 -7.165 16.299 23.464 244 -414 1.123 1.537 11 75.786 -17.203 -96.124
2020* 800.095 -13.914 251.722 1.925 248.137 1.660 265.636 11.240 250.851 3.545 786.181 139.285 646.896 -13.784 15.207 6.376 3.489 240 5.102 28.991 5.096 483 3.016 20.396 633.112 542.858 250 90.504 31.143 3.530 55.831 83.279 64.733 18.546 -13.914 251.722 265.636 -13.784 15.207 28.991 250 -449 1.007 1.456 200 55.582 -83.578 -140.499
Bron: CBS.
Verklaring van tekens

Tabeltoelichting


This table presents annual figures about the structure of national net lending or net borrowing, starting from the gross domestic product. National net lending or net borrowing is the difference between the assets of the Netherlands on the rest of the world and the liabilities of the Netherlands to the rest of the world.
National net lending or net borrowing presents the amount all sectors together in the Netherlands can lend / invest or has to borrow, given the current and capital transactions.

Data available from: 1995.

Status of the figures:
Data from 1995 up to and including 2019 are final. Data of 2020 are provisional.

Changes as of June 24th 2021:
Data of 2020 have been added to this table.
Following revision policy, 2019 and 2020 data are updated, and time series of the financial account and balances are revised (annual revision).
Data in the current account of government finance statistics are adjusted for the time period 1995 - 2020.

When will new figures be published?
Provisional data are published 6 months after the end of the reporting year. Final data are released 18 months after the end of the reporting year.

Toelichting onderwerpen

Gross domestic product
Gross domestic product (GDP) is a quantity that expresses the size of an economy. The volume change of GDP during a reference period expresses the growth or shrinkage of the economy. Gross domestic product at market prices is the final result of the production activity of resident producer units. It can be defined in three ways:

- production approach: GDP is the sum of gross value added of the various institutional sectors or the various industries plus taxes and less subsidies on products (which are not allocated to sectors and industries). It is also the balancing item in the total economy production account;
- expenditure approach: GDP is the sum of final uses of goods and services by resident institutional units (final consumption and gross capital formation), plus exports and minus imports of goods and services;
- income approach: GDP is the sum of uses in the total economy generation of income account (compensation of employees, taxes on production and imports less subsidies, gross operating surplus and mixed income of the total economy).

Net domestic product at market prices (NDP) can be obtained by deducting consumption of fixed capital from GDP.
Net primary income from rest of world
Received primary incomes from the rest of the world less paid primary incomes to the rest of the world.

When a residing enterprise has been active abroad for more than one year, the local kind-of-activity unit is no longer considered a resident in the Netherlands but a resident in the country in which it has become active. Vice versa, a kind-of-activity unit of foreign origin is no longer seen as a non-resident after it has been active in the Netherlands for more than one year. Resident persons who settle abroad are no longer seen as residents in the Netherlands but as residents in the country they moved to one year after they have left. Vice versa a foreigner who has settled in the Netherlands becomes a resident one year after he or see moved in. Students are an exception to this rule. They are always considered residents in the country they lived in before commencing their study.
Net primary income from rest of world
Primary income from rest of world
Compensation of employees, property income and (EU) subsidies received from the rest of the world.
Total
Compensation of employees
Compensation of employees received from the rest of the world. This is largely due to residents in the Netherlands who have settled abroad for less than one year and work for a non-residential enterprise. This could however by an affiliate to a Dutch enterprise. After these persons have settled abroad for more than one year they become non-residents in the Netherlands and their compensation is no longer part of the flow of income from the rest of the world to the Netherlands. The compensation of cross-border workers who live in the Netherlands but work abroad remains however part of this flow.
Property income
Received interest, dividends, reinvested earnings on direct foreign investment and other property income from the rest of the world.
Subsidies received from rest of world
Subsidies received from the rest of the world, such as from the European Union.
Primary income paid to rest of world
Compensation of employees, property income and (EU) taxes on production and imports paid to the rest of the world.
Total
Compensation of employees
Compensation of employees paid to the rest of the world. This is largely due to residents in the Netherlands who have settled abroad for less than one year and work for a non-residential enterprise. This could however by an affiliate to a Dutch enterprise. After these persons have settled abroad for more than one year they become non-residents in the Netherlands and their compensation is no longer part of the flow of income from the rest of the world to the Netherlands. The compensation of cross-border workers who live in the Netherlands but work abroad remains however part of this flow.
Property income
Paid interest, dividends, reinvested earnings on direct foreign investment and other property income from the rest of the world.
Taxes on production and imports
Taxes on production and imports paid to the rest of the world.
Gross national income
Gross national income (at market prices) represents total primary income receivable by resident institutional units: compensation of employees, taxes on production and imports less subsidies, property income (receivable less payable), operating surplus and mixed income.
Gross national income (at market prices) equals GDP minus primary income payable by resident institutional units to non-resident institutional units plus primary income receivable by resident institutional units from the rest of the world.
National income is not a production concept but an income concept, which is more significant if expressed in net terms, i.e. after deduction of the consumption of fixed capital.

Consumption of fixed capital (-)
The decline in value of fixed assets owned, as a result of normal wear and tear and obsolescence.

For the estimation of the consumption of fixed capital the perpetual inventory method (PIM) is applied. The capital stock at the beginning of the year is brought to replacement value because of price changes. The fixed capital formation during the year is added to this capital stock. Next it is diminished with the value of capital goods discarded. This gives to value of capital stock at the end of the year. The consumption of fixed obtained by applying a depreciation percentage.
This method may differ considerably from the method used to calculate depreciation in business accounts, which is based on historical costs or fiscal life span.
Net national income
Net national income remains after deducting consumption of fixed capital from gross national income.
Net current transfers from rest of world
The difference between current transfers received from the rest of the world and provided to the rest of the world.

When a residing enterprise has been active abroad for more than year, the local kind-of-activity unit is no longer considered a resident in the Netherlands but a resident in the country in which it is active. Vice versa, a kind-of-activity unit of foreign origin is no longer seen as a non-resident after it has been active in the Netherlands for more than one year. Resident persons who settle abroad are no longer seen as residents in the Netherlands but as residents in the country they moved to one year after they have left. Vice versa a foreigner who has settled in the Netherlands becomes a resident one year after he or she has moved in. Students are an exception to this rule. They are always considered residents in the country they lived in before commencing their study.
Net current transfers from rest of world
Current transfers from rest of world
Current taxes on income and wealth, social contributions, social benefits in cash and other current transfers received from rest of the world.
Total
Current taxes on income and wealth
Current taxes on income and wealth received from rest of the world. Taxes on income consist of taxes on incomes, profits and capital gains. They are assessed on the actual or presumed incomes of individuals, households, corporations or NPIs. They include taxes assessed on holdings of property, land or real estate when these holdings are used as a basis for estimating the income of their owners.
These include: corporate income tax, payroll tax, income tax, dividend tax, gambling tax and one-time revenue in connection with the liquidation of holding companies.

Social contributions
Social contributions received from rest of the world. Social contributions include social security contributions, private social contributions (among which contributions to pension schemes) and imputed social contributions. Employers, employees, self-employed persons and non-active persons pay these contributions. Actually, the employers' part is paid directly to the insurers. However, in the national accounts, the employers' contributions are supposed to be part of primary income of households (i.e. the income from direct participation in the production process). Therefore, in first instance these contributions are treated as payments by employers to households as compensation of employees, who are deemed to pay them to the insurers in the income account.
Social benefits in cash
Social benefits other than social transfers in kind is made up of three sub-headings:
Social security benefits in cash;
Other social insurance benefits;
Social assistance benefits in cash.

Other current transfers
Other current transfers consist of non-life insurance premiums, non-life insurance claims, current transfers within general government, current international co-operation and miscellaneous current transfers.
Current transfers paid to rest of world
Current taxes on income and wealth, social contributions, social benefits in cash and other current transfers paid to rest of the world.
Total
Current taxes on income and wealth
Current taxes on income and wealth paid to the rest of the world. Taxes on income consist of taxes on incomes, profits and capital gains. They are assessed on the actual or presumed incomes of individuals, households, corporations or NPIs. They include taxes assessed on holdings of property, land or real estate when these holdings are used as a basis for estimating the income of their owners. These include: corporate income tax, payroll tax, income tax, dividend tax, gambling tax and one-time revenue in connection with the liquidation of holding companies.
Social contributions
Social contributions paid to the rest of the world. Social contributions include social security contributions, private social contributions (among which contributions to pension schemes) and imputed social contributions. Employers, employees, self-employed persons and non-active persons pay these contributions. Actually, the employers' part is paid directly to the insurers. However, in the national accounts, the employers' contributions are supposed to be part of primary income of households (i.e. the income from direct participation in the production process). Therefore, in first instance these contributions are treated as payments by employers to households as compensation of employees, who are deemed to pay them to the insurers in the income account.
Social benefits in cash
Social benefits other than social transfers in kind is made up of three sub-headings:
Social security benefits in cash;
Other social insurance benefits;
Social assistance benefits in cash.
Other current transfers
Other current transfers consist of non-life insurance premiums, non-life insurance claims, current transfers within general government, current international co-operation and miscellaneous current transfers.
Net disposable national income
The sum of the net disposable incomes of the institutional sectors. Gross national disposable income equals gross national income (at market prices) minus current transfers (current taxes on income, wealth et cetera, social contributions, social benefits and other current transfers) paid to non-resident units, plus current transfers received by resident units from the rest of the world. Because disposable national income is not a production concept but an income concept, it is usually expressed in net terms, i.e. after deduction of depreciation (consumption of fixed capital).
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.
Adjustm. change in pension entitlements
The adjustment for the change in pension entitlements represents the adjustment needed to make appear in the saving of households the change in the pension entitlements on which households have a definite claim. The pension entitlement change comes from contributions and benefits recorded in the secondary distribution of income account. Since households are treated in the financial accounts and balance sheets of the system as owning the pension entitlements, an adjustment item is necessary to ensure that any excess of pension contributions over pension receipts does not affect household saving.
In order to neutralise this effect, an adjustment equal to:
the total value of actual and imputed social contributions in respect of pensions payable into pension schemes in which households have a definite claim
plus the total value of contribution supplements payable out of property income attributed to pension schemes beneficiaries
minus the value of associated service charges
minus the total value of pensions paid out as social insurance benefits by pension schemes
is added to the disposable income, or adjusted disposable income, of households in the use of income accounts before arriving at saving.
In this way, the saving of households is the same as it would be had pension contributions and pension receipts not been recorded as current transfers in the secondary distribution of income account. This adjustment item is necessary in order to reconcile the saving of households with the change in their pension entitlements recorded in the financial account of the system. Opposite adjustments are, of course, needed in the use of income accounts of the units responsible for paying pensions.
Net national saving
The portion of national disposable income that has not been used for final consumption expenditure. This equals is the sum of the net savings of the various institutional sectors. It is usually expressed in net terms, i.e. after deduction of consumption of fixed capital.
Net 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 licences.
Changes in inventories (-)
Changes in inventories including acquisitions less disposals of valuables.
Changes in the stock of raw materials, semi-finished products, work-in-progress (unfinished works like ships or oil rigs) and finished products still held by the producer. Changes in stock do not include work-in-progress in construction. Positive changes in inventories arise when products are finished in the reference period but not yet sold. Alternatively, they arise when goods are purchased for intermediate consumption but not yet used. Negative changes in inventories arise when goods from stocks have been sold, or used in the production process. A more extensive list of changes in inventories is found in the European System of Accounts 2010.

In measuring changes in inventories, changes in prices during the reference period are not allowed to have any effect. The initial and final inventory is therefore valued at the same price. Raw materials are valued at the price of purchase. Final products are valued at the selling price. Work-in-progress is valued at the cost-price.

Acquisitions less disposals of valuables consists of the acquisitions less disposals of precious stones, non-monetary gold, antiques, art objects and jewellery that are acquired and held primarily as stores of value. In the national accounts this transaction is mostly combined with changes in inventories.
Surplus nation on current transactions
The net lending (if positive) or borrowing (if negative) of the total economy to / from the rest of the world on current transactions (trade, primary income, current transfers). The surplus of the nation on current transactions is the last item in the use of income account to the rest of the world and consists of: net exports, net primary income from the rest of the world and net current transfers from the rest of the world. The surplus of the nation on current transactions equals the net national savings less the net fixed capital formation.
Surplus nation on current transactions
Net exports
Net exports is the difference between the value of the exports of goods and services and the value of the imports of goods and services.
Total
Net exports of goods
Net exports of goods is the difference between the value of the exports of goods and the value of the imports of goods.
Net exports of services
Net exports of services is the difference between the value of the exports of services and the value of the imports of services.
Net primary income from rest of world
Received primary incomes from the rest of the world less paid primary incomes to the rest of the world.

When a residing enterprise has been active abroad for more than one year, the local kind-of-activity unit is no longer considered a resident in the Netherlands but a resident in the country in which it has become active. Vice versa, a kind-of-activity unit of foreign origin is no longer seen as a non-resident after it has been active in the Netherlands for more than one year. Resident persons who settle abroad are no longer seen as residents in the Netherlands but as residents in the country they moved to one year after they have left. Vice versa a foreigner who has settled in the Netherlands becomes a resident one year after he or see moved in. Students are an exception to this rule. They are always considered residents in the country they lived in before commencing their study.
Net primary income
Primary income from rest of world
Compensation of employees, property income and (EU) subsidies received from the rest of the world.
Primary income paid to rest of world (-)
Compensation of employees, property income and (EU) subsidies paid to the rest of the world.
Net current transfers from rest of world
The difference between current transfers received from the rest of the world and provided to the rest of the world.

When a residing enterprise has been active abroad for more than year, the local kind-of-activity unit is no longer considered a resident in the Netherlands but a resident in the country in which it is active. Vice versa, a kind-of-activity unit of foreign origin is no longer seen as a non-resident after it has been active in the Netherlands for more than one year. Resident persons who settle abroad are no longer seen as residents in the Netherlands but as residents in the country they moved to one year after they have left. Vice versa a foreigner who has settled in the Netherlands becomes a resident one year after he or she has moved in. Students are an exception to this rule. They are always considered residents in the country they lived in before commencing their study.
Net current transfers
Current transfers from rest of world
Current taxes on income and wealth, social contributions, social benefits in cash and other current transfers received from rest of the world.
Current transfers paid to rest of world
Current taxes on income and wealth, social contributions, social benefits in cash and other current transfers paid to rest of the world.
Adjustm. change in pension entitlements
The adjustment for the change in pension entitlements represents the adjustment needed to make appear in the saving of households the change in the pension entitlements on which households have a definite claim. The pension entitlement change comes from contributions and benefits recorded in the secondary distribution of income account. Since households are treated in the financial accounts and balance sheets of the system as owning the pension entitlements, an adjustment item is necessary to ensure that any excess of pension contributions over pension receipts does not affect household saving.
In order to neutralise this effect, an adjustment equal to:
the total value of actual and imputed social contributions in respect of pensions payable into pension schemes in which households have a definite claim
plus the total value of contribution supplements payable out of property income attributed to pension schemes beneficiaries
minus the value of associated service charges
minus the total value of pensions paid out as social insurance benefits by pension schemes
is added to the disposable income, or adjusted disposable income, of households in the use of income accounts before arriving at saving.
In this way, the saving of households is the same as it would be had pension contributions and pension receipts not been recorded as current transfers in the secondary distribution of income account. This adjustment item is necessary in order to reconcile the saving of households with the change in their pension entitlements recorded in the financial account of the system. Opposite adjustments are, of course, needed in the use of income accounts of the units responsible for paying pensions.
Net capital transfers from rest of world
The difference between capital transfers received from the rest of the world and provided to the rest of the world. Capital transfers require the acquisition or disposal of an asset, or assets, by at least one of the parties to the transaction. Whether made in cash or in kind, they result in a commensurate change in the financial, or non- financial, assets shown in the balance sheets of one or both parties to the transaction. Capital transfers include investment grants, capital taxes, other capital transfers and imputed capital transfers.
Net capital transfers from rest of world
Capital transfers from rest of world
Capital transfers received from the rest of the world.
Capital transfers paid to rest of world
Capital transfers paid to rest of world.
Acq. less disposals of non-prod. assets
Acquisitions less disposals of non-produced non-financial assets mainly consist of sales of land by public (municipal) development corporations to investors in dwellings and non-residential buildings. The valuation of sales and purchases of land is exclusive of VAT and transfer costs. These are included in fixed capital formation.
National net lending or net borrowing
Net lending (+) or net borrowing (-) is the balancing item on the current and the capital account. This balancing item equals the balance of transactions on the financial account; a deficit on the current and capital account is financed by new liabilities and/or the sale of financial assets. In case of a surplus, liabilities are repaid and/or financial assets acquired.
Net lending or net borrowing for the total economy is equal to the balance on the current and the capital account of all institutional sectors. The balance of the financial account for the total economy shows the amount of net lending to or borrowing from the rest of the world.


National net lending or net borrowing
Total financial transactions in assets
Total financial transactions in assets on rest of the rest of the world.
Total financial transactions liabilities
Total financial transactions in liabilities to the rest of the world.