Quarterly national accounts; values

Table explanation

Description topics

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 component 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
(purchaser prices).

Gross value added by industry

Gross value added at basic prices 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 commercial services

Gross value added at basic prices of producers of commercial services.
The commercial services producers contains the trade, repair, hotels and
restaurants, the transport, storage, post and telecommunication and the
financial and business activities.

Financial and business activities

Gross value added at basic prices of the Financial and business
activities.
SBI 1993: Section J and K; code 65 to 67 and 70 to 74.

Real estate activities

Gross value added at basic prices of the real estate activities.
SBI 1993: Section K (part); code 70.

National net lending or net borrowing

This chapter of the publication shows two approaches to the national net
lending or net borrowing.
The national net lending or borrowing shows the amount a country can
lend or has to borrow, given the current and capital transactions in the
national accounts. There are two approaches to this variable:
I. The approach through the surplus of national income
Scheme:
Gross domestic product (market prices)
Primary incomes received from the rest of the world (+)
Primary incomes paid to the rest of the world (-)
= Gross national income (market prices)
Current transfers received from the rest of the world (+)
Current transfers paid to the rest of the world (-)
= Gross disposable national income
Final consumption expenditure (-)
Adjustment for net equity in pension funds reserves (+)
=Gross national saving
Fixed capital formation incl. change in inventories (-)
=Surplus of the Nation on income
=Surplus of the Nation on current transactions with the rest of the world
Capital transfers received from the rest of the world (+)
Capital transfers paid to the rest of the world (-)
= National net lending and borrowing
II. The approach through the surplus of the nation on current transactions
with the rest of the world.
Scheme:
Net exports, the difference between exports and imports of
goods and services (+)
Net primary income from the rest of the world (+)
Net current transfers from the rest of the world (+)
=Surplus of the Nation on current transactions with the rest of the world
=Surplus of the Nation on income
Capital transfers received from the rest of the world (+)
Capital transfers paid to the rest of the world (-)
= National net lending and borrowing
Data of domestic products, consumption and gross fixed capital formation
are available from 1995 q1. Other components from 1995 q1.

Surplus of the nation on income approach

I. The approach of net lending or net borrowing through the surplus of
national income
Scheme:
Gross domestic product (market prices)
Primary incomes received from the rest of the world (+)
Primary incomes paid to the rest of the world (-)
= Gross national income (market prices)
Current transfers received from the rest of the world (+)
Current transfers paid to the rest of the world (-)
= Gross disposable national income
Final consumption expenditure (-)
Adjustment for net equity in pension funds reserves (+)
=Gross national saving
Fixed capital formation incl. change in inventories (-)
=Surplus of the Nation on income
=Surplus of the Nation on current transactions with the rest of the world
Capital transfers received from the rest of the world (+)
Capital transfers paid to the rest of the world (-)
= National net lending and borrowing.

Adjustment for equity pension funds

Adjustment for net equity in pension funds reserves
Since households are treated in the financial accounts as
owners of the pension funds reserves an adjustment item is
necessary to ensure that any excess of contributions to pension
schemes over pension benefits does not affect household savings:
minus:
=
This adjustment is also made for the claims of non-residents on
the reserves of Dutch insurance companies.

Surplus on current transactions approach

II. The approach through the surplus of the nation on current transactions
with the rest of the world.
Scheme:
Net exports, the difference between exports and imports of
goods and services (+)
Net primary income from the rest of the world (+)
Net current transfers from the rest of the world (+)
=Surplus of the Nation on current transactions with the rest of the world
=Surplus of the Nation on income
Capital transfers received from the rest of the world (+)
Capital transfers paid to the rest of the world (-)
= National net lending and borrowing

Adjustment for equity pension funds

Adjustment for net equity in pension funds reserves
Since households are treated in the financial accounts as
owners of the pension funds reserves an adjustment item is
necessary to ensure that any excess of contributions to pension
schemes over pension benefits does not affect household savings:
minus:
=
This adjustment is also made for the claims of non-residents on
the reserves of Dutch insurance companies.

Additional details

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

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.

Real estate activities

Gross fixed capital formation by real estate 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.

Financial and business activities

Compensation of employees by the Financial and business
activities.
SBI 1993: Section J and K; code 65 to 67 and 70 to 74.

Real estate activities

Compensation of employees by the real estate activities.
SBI 1993: Section K (part); code 70.