Quarterly national accounts; changes

Table explanation

Description topics

Expenditure approach to GDP

The first chapter of this publication introduces the expenditure approach
of Gross Domestic Product (GDP).
The connection between GDP and expenditure components comes in to focus in
this chapter. The menu of this chapter shows the supply and disposition of
goods and services scheme which contains the expenditure components of
GDP.
More details data on the expenditure components could be found in de
fourth chapter: Additional details.
Data available from 1995 q1.

Total 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).

Gross national final expenditure

Gross national final expenditure is the sum of the final consumption
expenditure, the gross fixed capital formation and the changes in
inventories.

Final consumption expenditure

Final consumption expenditure consists of expenditure incurred
by resident institutional units on goods and services that are
used for the direct satisfaction of individual needs or wants or
the collective needs of members of the community. Final con-
sumption expenditure may take place on the domestic territory
or abroad.
Final consumption expenditure exists only for households, NPI
households and general government.

Consumption by general government

Final consumption expenditure by general government results
from the specific recording of government output. Only a small
part of government output is actually sold (market output). The
larger part of government output is paid out of public funds and
provided free of charge to all sectors (non-market output). Be-
cause the allocation of government output to different users will
encounter large problems, the government is by convention
considered to be the consumer of its own output. Because of the
absence of market prices output and final consumption expen-
diture by general government is calculated from the production
costs:
plus:
plus:
plus:
minus:
ment)
=
minus:
minus:
plus:
=

Production approach to GDP

The composition of GDP from the value added of all economic activities is
provided in this chapter.
Gross domestic product at market prices (GDP) is calculated as follows:
total value added at basic prices of industries
plus: balance of taxes and subsidies on products
plus:
VAT, taxes on imports, subsidies on re-exports cannot be attributed to
individual industries. Therefore, GDP at market prices cannot be broken
down completely by industry.
Data of total value added available from 1995 q1.
Other components from 1995 q1.

Gross value added at basic prices

Gross value added at basic prices of all economic activities.
Value added (basic prices)
Value added at basic prices by industry is equal to the difference
between output (basic prices) and intermediate consumption
(purchasers' prices).

Gross value added by industry

Value added (basic prices)
Value added at basic prices by industry is equal to the difference
between output (basic prices) and intermediate consumption
(purchaser prices).

Producers of non-commercial services

Gross value added at basic prices of producers of non-commercial services.
The non-commercial services producers contains the economic activities
of the general government and the care and other service activities.
The activities of the general government are the public administration and
social security, the defence activities and the subsidized education.
The care and other services activities contains the health and social work
activities, the sewage and refuse disposal services, the recreational,
cultural and sporting activities, the private households with employed
persons and other service activities i.e.

General government

Gross value added at basic prices of the general government.
The activities of the general government are the public administration and
social security, the defence activities and the subsidized education.
SBI 1993: Section L,M,Q; code 75, 80.1-3 and 99.

Additional details

The additional details of some variables in the previous chapters of this
publication are being given in this chapter.

Consumption expenditure

More specific details of the final consumption expenditure are provided
in part of the publication.
There are two classification for the consumption expenditure concept: the
expenditure classification and the acquisition classification.
The expenditure classification refers to expenditure on consumption goods.
In contrast the acquisition classification refers to the acquisition of
consumption goods and services. The difference between these concepts lies
in the treatment of certain goods and services financed by the government
or NPI households but supplied to households as social transfers in kind.
By convention, all final consumption expenditure by NPI households and
most of the final consumption expenditure by the government in the field
of education, health, social security and welfare, sport and recreation
and culture are treated as individual consumption.
I. The expenditure classification of final consumption:
This classification focuses on the expenses for consumption goods and
services. The total final consumptions is divided to sectors which
actually financed the consumption expenditures.
Classification scheme:
Total final consumption expenditure=
Consumption expenditure by households and by NPI households=
Consumption expenditure by households plus
Consumption expenditure by NPI households
Consumption expenditure by general government=
Collective consumption by general government plus
Individual consumption by general government
II. The acquisition classification of final consumption:
This classification focuses on the acquisition of consumption goods and
services. The total final consumption is divided to groups which have
acquired the consumption goods and services: individuals or the
collective.
Classification scheme:
Total final consumption expenditure=
Actual individual consumption=
Consumption expenditure by households
Consumption expenditure by NPI households
Individual consumption by general government
Actual collective consumption
Data available from 1995 q1. Components of consumption expenditure by
households and NPI households are available from 1995 q1.

Expenditure classification

I. The expenditure classification of final consumption:
This classification focuses on the expenses for consumption goods and
services. The total final consumptions is divided to sectors which
actually financed the consumption expenditures.
Classification scheme:
Total final consumption expenditure=
Consumption expenditure by households and by NPI households=
Consumption expenditure by households plus
Consumption expenditure by NPI households
Consumption expenditure by general government=
Collective consumption by general government plus
Individual consumption by general government.

Consumption by general government

Final consumption expenditure by general government results
from the specific recording of government output. Only a small
part of government output is actually sold (market output). The
larger part of government output is paid out of public funds and
provided free of charge to all sectors (non-market output). Be-
cause the allocation of government output to different users will
encounter large problems, the government is by convention
considered to be the consumer of its own output. Because of the
absence of market prices output and final consumption expen-
diture by general government is calculated from the production
costs:
plus:
plus:
plus:
minus:
government)
=
minus:
minus:
plus:
=

Consumption by general government, total

Final consumption expenditure by general government results
from the specific recording of government output. Only a small
part of government output is actually sold (market output). The
larger part of government output is paid out of public funds and
provided free of charge to all sectors (non-market output). Be-
cause the allocation of government output to different users will
encounter large problems, the government is by convention
considered to be the consumer of its own output. Because of the
absence of market prices output and final consumption expen-
diture by general government is calculated from the production
costs:
plus:
plus:
plus:
minus:
government)
=
minus:
minus:
plus:
=

Individual consumption by government

Consumption expenditure by the government in the field of education,
health, social security and welfare, sport and recreation and culture are
treated as individual consumption. These goods and services are
financed by the general government but then divided to individuals.

Collective consumption by government

Services for collective consumption (collective services) are pro-
vided simultaneously to all members of the community or all
members of a particular section of the community. Actual collec-
tive consumption consists in particular of government expendi-
tures on services in the field of:
management and regulation of society.
security and defence.
law and order, legislation and regulation.
public health.
environment.
research and development.
infrastructure and economic development.

Gross fixed capital formation

Details of the gross fixed capital formation in two classification:
Gross fixed capital formation by type of capital good and
Gross fixed capital formation by industry of destination
Data of fixed capital formation by type are available from 1995 q1.
Data of fixed capital formation by industry are available from 1995 q1.

By economic activity of destination

Fixed capital formation by economic activities of destination
Fixed assets are produced tangible or intangible assets that are
used in the production process for more than one year.
Gross fixed capital formation consists of producers' acquisitions
less disposals of fixed assets:
- acquisitions, less disposals, of tangible fixed assets:
- acquisitions, less disposals, of intangible fixed assets:
- major improvements to land (reclamation, land consolidation
and land preparing for building).
Fixed capital formation also includes:
- work in progress of construction such as unfinished dwell-
ings, non-residential buildings and civil engineering works are
recorded as fixed capital formation of the client.
- military structures and equipment, similar to those used by
civilian producers, such as airfields and hospitals.
- improvements to existing fixed assets that go well beyond the
requirements of ordinary maintenance and repairs.
- transfer costs of fixed assets, such as conveyance fees and
costs made by real estate agents, architects and notaries.
On the level of the total economy and the sectors, an adjustment
is made for the transactions in used fixed assets, which are
seen as investments of the buyer and disinvestment of the
seller. This adjustment is not made for the industries.

General government

Gross fixed capital formation by general government activities.

Compensation of employees

Additional details of the compensation of employees by industry.
Data of total compensation of employees are available from 1995 q1.
Data of components are available from 1995 q1.

Compensation of employees by industry

Compensation of employees by industry.

General government

Compensation of employees by the general government.
The activities of the general government are the public administration
and social security, the defence activities and the subsidized education.
SBI 1993: Section L,M,Q; code 75, 80.1-3 and 99.