GDP, output and expenditures; changes, QNA, 1995-2017
Changed on: 22/06/2018 02:00
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Expenditure approach to GDP Disposable for final expenditure Total (%)
Expenditure approach to GDP Disposable for final expenditure Gross domestic product (%)
Expenditure approach to GDP Disposable for final expenditure GDP, working days adjusted (%)
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 Total (%)
Expenditure approach to GDP Final expenditure National final expenditure Total (%)
Expenditure approach to GDP Final expenditure National final expenditure Final consumption expenditure Total (%)
Expenditure approach to GDP Final expenditure National final expenditure Final consumption expenditure Households including NPISHs (%)
Expenditure approach to GDP Final expenditure National final expenditure Final consumption expenditure General government (%)
Expenditure approach to GDP Final expenditure National final expenditure Gross fixed capital formation Total (%)
Expenditure approach to GDP Final expenditure National final expenditure Changes in inventories incl. valuables (value as % of GDP)
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 (%)
Volume, on corresponding period (y/y)
2016 1st quarter*
4.1 1.7 1.7 7.5 6.9 9.0 4.1 2.0 1.1 1.2 0.8 8.0 -0.7 6.3 5.3 10.0
2016 2nd quarter*
3.6 2.3 1.8 5.2 7.2 0.2 3.6 2.0 1.1 0.9 1.3 7.5 -0.2 5.3 6.5 1.0
2016 3rd quarter*
2.7 2.4 2.4 3.1 4.3 0.2 2.7 2.2 1.5 1.7 0.9 7.7 0.9 3.2 4.3 -0.4
2016 4th quarter*
1.8 2.4 2.6 0.9 2.9 -4.2 1.8 1.0 2.0 2.3 1.6 -1.1 0.7 2.6 4.5 -3.5
3.0 2.2 . 4.1 5.3 1.0 3.0 1.8 1.4 1.6 1.2 5.3 0.2 4.3 5.2 1.4
3.6 3.4 3.9 3.8 4.6 1.6 3.6 2.5 1.9 2.5 1.1 3.9 0.0 4.7 5.0 3.7
4.3 2.9 3.1 6.3 5.4 8.9 4.3 1.8 1.0 1.0 0.9 6.2 0.4 7.0 6.0 10.4
Volume, on previous period (q/q)
0.4 0.8 . -0.1 0.4 -1.3 0.4 -0.3 0.6 0.5 0.9 -0.8 0.1 1.1 1.7 -1.0
0.4 0.3 . 0.6 1.2 -1.2 0.4 0.5 0.2 0.1 0.4 1.9 0.0 0.4 1.0 -1.6
0.8 1.0 . 0.5 0.8 -0.1 0.8 0.9 0.6 0.9 0.1 0.3 0.3 0.7 0.8 0.4
0.7 0.7 . 0.8 1.5 -1.3 0.7 0.4 0.8 1.0 0.5 -1.0 0.3 1.0 1.6 -0.9
1.4 0.7 . 2.4 1.7 4.4 1.4 0.4 -0.2 -0.3 0.0 3.6 0.0 2.6 2.1 4.2
1.1 0.4 . 2.0 1.7 2.7 1.1 0.5 0.5 0.6 0.3 2.3 -0.2 1.8 1.5 2.5
0.7 0.5 . 0.9 1.0 0.7 0.7 1.5 1.1 1.7 0.1 2.3 0.1 -0.1 -0.1 -0.3
Source: CBS.
This table provides data from Quarterly National Accounts (QNA) of Statistics The Netherlands. It contains quarterly and annual data on production, expenditures, income and external economic transactions of The Netherlands.
The above mentioned macroeconomic variables are presented in:
- Percentage volume changes on corresponding quarter of previous year.
- Percentage volume changes on previous period.
- Percentage value changes on corresponding quarter of previous year.
- Percentage value changes on previous period.
- Percentage price changes on corresponding quarter of previous year.
Data available from: 1995 first quarter up to and including 2018 first quarter.
Status of the figures:
The figures of the period 1995-2014 are final. Data of 2015, 2016, 2017 and 2018 are provisional. Since this table has been discontinued, data will not become final.
Changes as of June 22nd 2018:
None. This table has been discontinued.
Statistics Netherlands has carried out a revision of the national accounts. New statistical sources and estimation methods have been used during the revision. Therefore this table has been replaced by table GDP, output and expenditures; changes, Quarterly National Accounts. For further information see section 3.
When will new figures be published?
Not applicable anymore.
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 theexports of goods and services.
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.
GDP, working days adjusted
Growth of the gross domestic products,. adjusted for working days effects. The number of working days in corresponding quarters of successive years may differ due to a leap day, due to an unequal number of holidays that take place in a weekend (e.g. New Year's Day) or because of a holiday shift from one quarter to another (e.g. Easter Monday). The effect of an additional working day on the economic growth adds up to 0.2 to 0.3 percentage points.
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.
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, semifinished 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).
National final expenditure
The sum of the consumption of households and the government, gross fixed capital formation and changes in inventories.
Binnenlandse finale bestedingen die bestaan uit de consumptieve bestedingen van huishoudens en de overheid, de bruto investeringen in vaste activa (bruto) en de voorraadvorming.
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.
Households including NPISHs
Consumption expenditure by households and non-profit institutions serving households (NPISHs). Not all expenses made by households are seen as consumptive, households may invest as well. These investments mainly concern the purchase of houses and substantial costs on maintenance. Small costs on maintenance, indoor painting and the purchase of furniture is classified as consumption. This also applies to the purchase of cars and car maintenance.
Consumption expenditure by the general government sector. The output delivered by the government which is not directly paid for, non-market output (like safety), is classified as consumption by the 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. Purchases by general government of goods and services produced by market producers that are supplied to households as social transfers in kind are part of government consumption as well. Examples of this in the Netherlands are health care bills paid for by the government and an allowance for the rent.
Government output consumed by the government is classified into collective consumption and individual consumption. Collective consumption by the government consists of services for collective consumption that are provided simultaneously to all members of the community. Examples of this are expenses on defense, environmental health or public governance. Individual consumption is made up of expenses that serve only part of the community. This concerns mainly education.
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 incl. valuables
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.
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.
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, harbour 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.
GDP growth rate 0.5 in Q1 2018
GDP growth rate remains 0.8 percent in Q4 2017
GDP growth rate 0.8 percent in Q4 2017