GDP, output and expenditures; changes, Quarterly National Accounts
Explanation of symbols
Table explanation
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 1995-2022 are final. Quarterly data from 2022 are provisional.
Changes as of August 14th 2024:
Data of the preliminary estimate of 2024q2 have been added to this table.
Adjustment as of July 12th 2024:
Data of gross fixed capital formation by type of capital good and by destination in the period 1995-2021 are adjusted due to an error in the original calculation.
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. Please note that there is a possibility that adjustments might take place at the end of March or September, in order to provide the European Commission with the latest figures.
Description topics
- 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.- A-F Agriculture and industry
- This category is made up of the categories:
A Agriculture, forestry and fishing
B Mining and quarrying
C Manufacturing
D Electricity, gas, steam and air conditioning supply
E Water supply; sewerage, waste management and remediation activities
F Construction- B-E Industry (no construction), energy
- This category is made up of the categories:
B Mining and quarrying
C Manufacturing
D Electricity, gas, steam and air conditioning supply
E Water supply; sewerage, waste management and remediation activities- C Manufacturing
- Manufacturing
- 29-30 Transport equipment
- Manufacture of transport equipment
This category is made up of the categories:
29 Manufacture of motor vehicles, trailers and semi-trailers
30 Manufacture of other transport equipment
- E Water supply and waste management
- Water supply; sewerage, waste management and remediation activities
- 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- G-I Trade, transport, hotels, catering
- Trade, transport, hotels, catering
This category is made up of the categories:
G Wholesale and retail trade
H Transportation and storage
I Accommodation and food serving- Total
- G Wholesale and retail trade
- Wholesale and retail trade; repair of motor vehicles and motorcycles
- H Transportation and storage
- Transportation and storage
- I Accommodation and food serving
- Accommodation and food service activities
- Additional details
- The additional details of some variables in the previous parts of this table are being given in this section.
- 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.
- Expenditure classification
- 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.
- 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 of goods
- Consumption of goods by households and NPI households.
- Durable consumer goods
- Durable consumer goods
- Transport equipment and parts
- Transport equipment and parts
- Other goods
- Energy and water, motor fuel and other goods
- Energy and water
- Electricity, gas, steam and air conditioning, natural water; water treatment and supply services
- Consumption of services
- Consumption of services by households and NPI households.
- Transport and communication services
- Transport and communication services
- Gross 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 licenses.- By type of fixed assets
- Gross fixed capital formation by type of capital goods
- Fixed assets from production and imports
- Fixed assets from production and imports.
- Transport equipment
- Equipment for moving people and objects. For examples motor vehicles, trailers and semi-trailers, and other transport equipment.
- Exports by groups of products
- Exports by groups of products in according to standard products classification CPA 2008.
- Transport equipment
- Transport equipment
- Imports by groups of products
- Imports by groups of products in according to standard products classification CPA 2008.
- Transport equipment
- Transport equipment