Growth accounts; national accounts

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Sector/branches (SIC 2008) Growth accounts Based on consolidated production Contribution of hours worked (percentage point) Growth accounts Based on value added Contribution of hours worked (percentage point) Labour Hours worked (mln hours) Capital services Capital services (mln euros / euros) Capital services hours worked (euros) (euros) Capital services Capital services (2021 = 100) Capital services hours worked (2021=100) (volume-index 2021=100)
A-U Market sector (excl L,O,P,T) 0.5 0.9 12,730 13.1 93.3
A Agriculture, forestry and fishing -0.2 -0.4 396 29.8 100.6
B Mining and quarrying 0.1 0.2 14 844.1 58.9
C Manufacturing 0.3 1.4 1,244 22.7 97.3
10-12 Manufacture of food and beverages 0.3 2.1 228 21.4 96.9
13-15 Man. of textile-, leatherproducts -0.5 -1.7 27 10.2 102.9
16-18 Man. wood en paperprod., printing 0.1 0.2 83 16.9 96.3
19 Manufacture of coke and petroleum 0.1 1.6 9 143.6 94.0
20 Manufacture of chemicals 0.3 2.3 79 61.4 94.8
21 Manufacture of pharmaceuticals 1.4 4.4 39 31.8 93.9
22-23 Man. plastics and constructionprod -0.2 -0.9 93 16.2 97.7
24-25 Man. of basic metals and -products 0.0 -0.1 195 11.6 102.0
26 Manufacture of electronic products 0.4 1.4 46 52.9 97.6
27 Manufacture of electric equipment 0.7 2.5 41 27.5 87.2
28 Manufacture of machinery n.e.c. 1.1 3.7 171 25.6 99.6
29-30 Transport equipment 0.2 1.0 69 17.8 101.0
31-33 Other manufacturing and repair 0.3 0.9 165 8.8 92.6
D Energy supply 1.0 2.5 55 233.7 97.0
E Water supply and waste management 0.2 0.5 66 40.1 100.7
F Construction 0.8 2.1 1,090 5.2 98.7
G-I Trade, transport, hotels, catering 0.4 0.8 3,361 10.1 98.0
G Wholesale and retail trade 0.1 0.2 2,087 8.5 103.2
H Transportation and storage 0.2 0.4 704 20.4 96.4
I Accommodation and food serving 1.7 3.7 570 3.2 84.8
J Information and communication 1.0 1.9 629 19.3 101.2
58-60 Publishing, movie, radio and TV 0.1 0.3 100 9.2 95.3
61 Telecommunications -0.4 -0.8 41 150.7 105.6
62-63 IT- and information services 1.5 2.9 489 10.2 109.6
K Financial institutions 0.8 1.4 342 33.1 97.9
L Renting, buying, selling real estate . . . . .
M-N Business services 0.0 0.0 2,930 8.9 94.2
69-71 Management, technical consultancy 1.7 3.5 1,049 8.8 87.4
72 Research and development -0.4 -0.9 78 -7.8 96.8
73-75 Advertising, design and other 0.6 1.3 272 3.6 100.0
N Renting and other business support -1.3 -2.1 1,531 10.6 98.7
O Public administration and services . . . . .
P Education . . . . .
Q Health and social work activities 1.0 1.5 3,754 16.6 98.8
86 Human health activities 0.9 1.4 864 3.6 99.3
87-88 Care and social work 0.8 1.1 1,060 4.5 101.9
R-U Culture, recreation, other services 1.1 2.2 676 3.9 93.9
R Culture, sports and recreation 1.7 3.7 310 4.1 -1.3
S Other service activities 0.5 0.9 367 3.6 99.2
T Activities of households . . . . .
Source: CBS.
Explanation of symbols

Table explanation


This table presents the outcomes of the Dutch growth accounts. The growth accounts show the contributions of the different production factors to the economic growth. This helps to determine which part of production growth is explained by a change in input of capital (K), labour (L), energy (E), materials (M) or services (S).
The results of the growth accounts also show the contribution of multi-factor productivity. This is the part of economic growth that cannot be attributed to one of the production factors. Disaggregated data, labour and capital productivity are also published in this table. The data on consolidated production and consumption are not available for the years 1995-2020. This is due to the lack of an input-output table with volume changes for these reporting years.

Data available from: 1995.

Status of the figures:
Data for the reporting years 2022 and 2023 are provisional.

Changes as of 20 December 2024:
None, this is a new table.
Statistics Netherlands has carried out a revision of the national accounts. The Dutch national accounts are recently revised. New statistical sources, methods and concepts are implemented in the national accounts, in order to align the picture of the Dutch economy with all underlying source data and international guidelines for the compilation of the national accounts. This table contains revised data. For further information see section 3.

When will new figures be published?
Provisional data are published around 9 months after the end of the reporting year. Final data are released 33 months after the end of the reporting year.

Description topics

Growth accounts
The volume change of the consolidated production or value added is attributed to the different production factors and to multi-factor productivity.
Based on consolidated production
The volume change of the consolidated production is attributed to the different production factors and to multi-factor productivity. The contributions are measured in percentage points. The contributions of capital, labour, intermediate consumption and multi-factor productivity together add up to the volume change of the consolidated production.
Contribution of hours worked
The part of volume change of consolidated production caused by the change in hours worked. This variable is part of the contribution of labour.
Based on value added
The volume change of the value added is attributed to the different production factors and to multi-factor productivity. The contributions are measured in percentage points. The contributions of capital, labour, and multi-factor productivity together add up to the volume change of value added.
Contribution of hours worked
The part of volume change of value added caused by the change in hours worked. This variable is part of the contribution of labour.
Labour
Labour compensation of both employees and self employed as the value component and hours worked and labour composition as volume components. Labour composition is only shown in the growths accounts selections for value added and production.
Hours worked
The total of actually hours worked of an employee or self-employed person. The total of working hours of employees is calculated by adding the hours paid for (the amount of agreed upon hours and paid overtime) to the unpaid overtime less the amount of hours that is paid for but not actually worked. This includes hours of sick leave, maternity leave, strikes etcetera. The hours worked for the self-employed are directly determined.
Capital services
The most important types of capital are included in the growth accounts. The capital stocks are included, as are the oil and natural gas reserves. In addition inventories, agricultural land and land underlying buildings are included. The value of capital services is equal to the costs of capital services, these costs are known as the user costs of capital. Conceptually these user costs are best comparable to the rental price of the capital goods. Normally the user costs of capital consists of four parts, namely the depreciation, the (attributed) interest cost, the balance of taxes and subsidies on the use of capital and the revaluation of losses and profits. When prices of capital goods increase, the resulting valuation profits need to be subtracted of the user costs of capital goods. Contrarily, when prices decrease the user costs increase.
Capital services (mln euros / euros)
Capital services hours worked (euros)
The productive inputs, per period per hour worked, that flow to production from a capital asset.
Capital services (2021 = 100)
Capital services hours worked (2021=100)
The productive inputs, per period per hour worked, that flow to production from a capital asset.