National accounts of the Netherlands

Transcription

1 National accounts of the Netherlands å 2014

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3 National accounts of the Netherlands 2014

4 Explanation of symbols. Data not available * Provisional figure ** Revised provisional figure (but not definite) x Publication prohibited (confidential figure) Nil (Between two figures) inclusive 0 (0.0) Less than half of unit concerned empty cell Not applicable to 2015 inclusive 2014/2015 Average for 2014 to 2015 inclusive 2014/ 15 Crop year, financial year, school year, etc., beginning in 2014 and ending in / / 15 Crop year, financial year, etc., 2012/ 13 to 2014/ 15 inclusive Due to rounding, some totals may not correspond to the sum of the separate figures. Publisher Statistics Netherlands Henri Faasdreef 312, 2492 JP The Hague Prepress: Statistics Netherlands, Grafimedia Design: Edenspiekermann Information Telephone , fax Via contact form: Where to order verkoop@cbs.nl Fax ISBN ISSN Statistics Netherlands, The Hague/Heerlen/Bonaire, Reproduction is permitted, provided Statistics Netherlands is quoted as the source P-22

5 Foreword The national accounts offer a systematic and consistent overview of the Dutch economy. These official overview statistics play a key role in economic and monetary policy-making and form the basis of the economic predictions and analyses of the Netherlands Bureau for Economic Policy Analysis. The national accounts are also crucial in determining payments to the European Union and in determining the extent to which the Netherlands meets the EMU norm. The economic growth, the budget deficit and disposable household income are some of the major macro-economic indicators of the national accounts. Furthermore the national accounts provide figures about consumption, investments, imports and exports, and employment. Since June 2014 the national accounts have been compiled according to the new guidelines of the European System of Accounts (ESA) These were already applied in the 2013 edition of the National Accounts, but the figures in the time series were provisional at the time. The current edition has the figures of the definite time series. The latest national accounts data are accessible and can be downloaded at Director General, Dr. T.B.P.M. Tjin-A-Tsoi The Hague/Heerlen/Bonaire, August

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7 Contents Foreword 3 List of tables and explanations 6 National accounts on the website of Statistics Netherlands 9 Main changes in the publication 11 Economic key figures Macroeconomics Supply, use and input-output tables Final expenditure Production and generation of income Labour Sector accounts Other tables Explanations 111 Contents 5

8 List of tables and explanations 1-7 Tables 1. Macro-economics M 1 The three approaches of domestic product 15 M 2 Balancing items from domestic product to national net lending or net borrowing 16 M 3 Output, intermediate consumption and the generation of income by sectors 17 M 4 Domestic product and national income, alternative definitions 18 M 5 Contribution to volume growth of domestic product 18 M 6 Supply and disposition of goods and services 19 M 7 Deficit and debt of general government (EMU-definitions) Supply, use and input-output tables G 1 Supply table 2014 at basic prices 22 G 2 Use table 2014 at purchaser s prices 24 G 3 Input-output table 2014 at basic prices Final expenditure B 1.1 Final consumption expenditure by type of goods and services 29 B 1.2 Final consumption expenditure by type of goods and services, volume changes 30 B 1.3 Final consumption expenditure by type of goods and services, price changes 31 B 2.1 Final consumption expenditure by purpose 32 B 2.2 Final consumption expenditure by purpose, volume changes 33 B 2.3 Final consumption expenditure by purpose, price changes 34 B 3.1 Fixed capital formation by type of capital good 35 B 3.2 Fixed capital formation by type of capital good, volume changes 36 B 3.3 Fixed capital formation by type of capital good, price changes 37 B 4.1 Fixed capital formation by industry 38 B 4.2 Fixed capital formation by industry, volume changes 39 B 4.3 Fixed capital formation by industry, price changes 40 B 5.1 Exports of goods and services by origin (basic prices) 41 B 5.2 Exports of goods and services by origin (basic prices), volume changes 42 B 5.3 Exports of goods and services by origin (basic prices), price changes 43 B 6.1 Imports of goods and services by type of expenditure 44 B 6.2 Imports of goods and services by type of expenditure, volume changes 45 B 6.3 Imports of goods and services by type of expenditure, price changes 46 6 National accounts 2014

9 4. Production and generation of income P 1 Output by industry 48 P 2 Intermediate consumption by industry 49 P 3 Other taxes on production by industry 50 P 4 Other subsidies on production by industry 51 P 5 Compensation of employees by industry 52 P 6 Wages and salaries by industry 53 P 7 Employers' social contributions by industry 54 P 8 Operating surplus / mixed (gross) income by industry 55 P 9 Operating surplus / mixed income (net) by industry 56 P 10 Consumption of fixed capital by industry 57 P 11.1 Value added by industry 58 P 11.2 Value added by industry, volume changes 59 P 11.3 Value added by industry, price changes 60 P 11.4 Value added by industry, % GDP 61 P 12 Dual classification of compensation of employees by industry and sector, P 13 Dual classification of value added (gross, basic prices) by industry and sector, Labour A 1 Key figures labour market 64 A 2 Number of employed persons by industry 65 A 3.1 Jobs of employed persons by industry 66 A 3.2 Jobs of employees by industry 67 A 3.3 Jobs of self-employed persons by industry 68 A 4.1 Labour input of employed persons by industry, in full-time equivalent jobs 69 A 4.2 Labour input of employed persons by industry, in hours worked 70 A 4.3 Labour input by industry, in hours worked 71 A 5 Compensation of employees. wages and salaries by industry 72 A 6 Labour share in enterprise income by industry and sector 73 A 7.1 Structure of labour costs 73 A 7.2 Wage cost per hour worked, changes 73 A 8.1 Labour productivity by industry per full-time equivalent job 74 A 8.2 Labour productivity by industry per hour worked Sector accounts S 1.1 Sector accounts S 1.1 Sector accounts S 1.2 Sector accounts S 1.3 Sector accounts S 2.1 Transactions of the total economy 80 S 2.2 Transactions of the sector non-financial corporations 82 S 2.3 Transactions of the sector financial corporations 84 S 2.4 Transactions of the sector general government 86 S 2.5 Transactions of the sector households including non-profit institutions serving households 88 S 2.6 Transactions of the rest of the world with the Netherlands 90 S 3.1 Financial balance sheets of the total economy 92 S 3.2 Financial balance sheets of the sector non-financial corporations 92 S 3.3 Financial balance sheets of the sector financial corporations 94 S 3.4 Financial balance sheets of the sector general government 94 List of tables and explanations 7

10 S 3.5 Financial balance sheets of the sector households including NPIs serving households 96 S 3.6 Financial balance sheets of the rest of the world with the Netherlands 96 S 4.1 Balance sheets of the total economy 98 S 4.2 Balance sheets of sector non-financial corporations 99 S 4.3 Balance sheets of sector financial corporations 100 S 4.4 Balance sheets of sector general government 101 S 4.5 Balance sheets of sector households incl. NPIs serving households 102 S 5.1 Non-financial balance sheets of the total economy, S 5.2 Non-financial balance sheets of the total economy, S 5.3 Non-financial balance sheets of the total economy, S 5.4 Non-financial balance sheets of the total economy, Other tables O 1.1 Taxes 106 O 1.2 Current taxes on income and wealth 106 O 1.3 Taxes on production and imports 107 O 2 Expenditure of general government across function (consolidated) Explanations 8.1 National accounts outlined Transactions in the national accounts Supply, use and input-output tables Sectors in the sector accounts Accounts in the sector accounts Labour Price and volume changes National accounts 2014

11 National accounts on the website of Statistics Netherlands Website Figures and publications of the national accounts are available on the website of Statistics Netherlands ( The figures of the national accounts are published on StatLine, the electronic databank of Statistics Netherlands. Detailed supply and use tables and input-output tables are available on request. Macroeconomic figures on StatLine National accounts figures can be found on StatLine under the theme Macroeconomics. Hereafter a description of the folder structure of this theme is given. For each folder is shown what kind of information it contains. Most tables under the theme Macroeconomics provide national accounts data. All national accounts figures on Statline and in this publication are in conformity with the European system of accounts (ESA 2010). Data published before can be found on Statline in the main folder Archive\Macroeconomics. Main theme (Macroeconomics) Key figures of the national accounts can be found here, such as approaches of domestic product, the structure of national net lending/borrowing and the macroeconomic scoreboard, containing the indicators of the Macroeconomic Imbalance Procedure (MIP) scoreboard. GDP and main components The tables in this folder are based on the supply and use tables of the national accounts. They give information about GDP (economic growth), value added, output and intermediate consumption. Besides data on final expenditure can be found here, like household and government consumption, fixed capital formation and imports and exports. Most tables have a breakdown by industries or product groups. Labour accounts The tables in this folder are based on the labour accounts and give figures about labour and wages. The tables contain amongst others employed persons, jobs, hours worked and compensation of employees. Many figures are broken down by industries, gender and employee/self-employed persons. National accounts on the website of Statistics Netherlands 9

12 Sector accounts; income and wealth These tables provide information about uses and resources and about assets and liabilities including changes. Many tables have a breakdown into institutional sectors like nonfinancial and financial corporations, government and households. Financial markets This item is not a part of the national account. It contains data about share prices, bonds, savings and credits. Environmental accounts The table with environmental-economic figures presents an overview of environmental and economic key figures that illustrate the contribution to environmental issues (greenhouse effect, acidification, etc.), environmental expenditure (costs, taxes, etc.) and the economic position (value added, labour input, etc.) of sectors of industry. Regional accounts The tables with regional accounts give figures by COROP region, province and groups of provinces. Regional accounts are consistent with the national accounts. Tourism accounts This table contains information about tourist key indicators. Tourism contributes to the Dutch economy (contribution to employment, gross domestic product and value added). Tourism is not an industry in itself, but covers a wide range of products and services. The figures are consistent with the conceptual framework of the National Accounts (NA). 10 National accounts 2014

13 Main changes in the publication General changes In this publication figures are presented for the years 2009 to Data on the period are final now, the figures for 2013 are revised provisional and the most recent reporting year 2014 has status provisional. Time series are available on StatLine, the electronic databank of Statistics Netherlands ( Chapter other tables A new table O.2 has been added specifying the expenditure of general government across function. Main changes in the publication 11

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15 Economic key figures ** 2014* Total economy Domestic product (GDP) mln euro Domestic product (GDP) (economic growth) % volume changes Burden of taxation and social security contributions % GDP National saving (net) mln euro National net lending/ net borrowing mln euro Income National income (net) mln euro National income (net) % real changes Disposable national income (net) mln euro Disposable national income (net) % real changes National income(net) per capita euro Disposable national income (net) per capita euro Operating surplus/mixed income (net) mln euro Population Average population X Average number of households X Labour Number of employed persons X Employed labour force yrs X Unemployed labour force yrs X Jobs of employed persons X jobs Labour input of employed persons X fte jobs Labour input of employed persons mln hours worked Labour input of employees X fte jobs Labour input of employees mln hours worked Labour productivity per hour worked % volume changes Domestic product (gross) per full-time equivalent job euro Labour costs mln euro Final expenditure Final consumption expenditure mln euro Final consumption expenditure % volume changes Consumption expenditure of households incl. NPISHs mln euro Consumption expenditure general government mln euro of which: Net material consumption % price changes Public administration and services % price changes Subsidized education % price changes Consumer price index % changes Fixed capital formation (gross) mln euro Fixed capital formation (gross) % volume changes Rest of the world Exports of goods and services mln euro Exports of goods and services % volume changes Imports of goods and services mln euro Imports of goods and services % volume changes Net export % GDP Surplus of the nation on current transactions mln euro General government Taxes mln euro Subsidies mln euro Social contributions mln euro Social benefits in cash and in kind mln euro Social benefits in cash and in kind % GDP EDP-debt % GDP EDP-deficit % GDP Total revenues mln euro Total expenditure mln euro Households including NPIs serving households Disposable income (gross) mln euro Real disposable income (net) % volume changes Free / individual savings mln euro Savings ratio % disposable income Home mortgages; closing balance mln euro Home mortgages; net lending mln euro Corporations Gross profits before taxes mln euro Profits from foreign subsidiaries mln euro Net lending / net borrowing mln euro Market sector Labour productivity per hour worked % volume changes Wage income per labour year % changes Labour costs per unit product % volume changes Labour share in enterprise income level, % Economic key figures 13

16 1. Macroeconomics 6 National accounts 2014

17 M 1 The three approaches of domestic product ** 2014* mln euro From the output Output (basic prices) Intermediate consumption (excl. deductible VAT) ( ) Value added (gross, basic prices) Taxes less subsidies on products Taxes on products Subsidies on products ( ) Difference imputed and paid VAT Domestic product (gross, market prices) From the generation of income Compensation of employees Wages and salaries Employers' social contributions Taxes on production and imports less subsidies Taxes on production and imports Subsidies ( ) Operating surplus / mixed income (gross) Consumption of fixed capital Operating surplus / mixed income (net) Domestic product (gross, market prices) From the final expenditure Final consumption expenditure General government Households incl. NPIs serving households Fixed capital formation (gross) Corporations, households and NPIs serving households General government Changes in inventories 1) Exports of goods and services Goods Services Imports of goods and services ( ) Goods Services Domestic product (gross, market prices) ) Including acquisitions less disposals of valuables. Macroeconomics 15

18 M 2 Balancing items from domestic product to national net lending or net borrowing ** 2014* mln euro Domestic product (gross, market prices) Net primary income from the rest of the world Primary income from the rest of the world Compensation of employees Property income Subsidies from the rest of the world (EU) Primary income to the rest of the world ( ) Compensation of employees Property income Taxes on production and imports to the rest of the world National income (gross, market prices) Consumption of fixed capital ( ) National income (net, market prices) Net current transfers from the rest of the world Current transfers from the rest of the world Current taxes on income and wealth Social contributions Social benefits (in cash) Other current transfers Current transfers to the rest of the world ( ) Current taxes on income and wealth Social contributions Social benefits (in cash) Other current transfers Disposable national income (net) Final consumption expenditure ( ) Adjustment for net equity in pension funds reserves (surplus of the nation) National saving (net) Fixed capital formation (net) ( ) Changes in inventories ( ) 1) Surplus of the nation on current transactions Net exports Goods Services Net primary income Received Paid ( ) Net current transfers Received Paid ( ) Adjustment for net equity in pension funds reserves (surplus of the nation) Net capital transfers from the rest of the world Capital transfers from the rest of the world Capital transfers to the rest of the world ( ) Acquisitions less disposals of non-produced non-financial assets National net lending (+) or net borrowing ( ) Change in assets on the rest of the world Change in liabilities to the rest of the world ( ) Statistical discrepancy ) Including acquisitions less disposals of valuables. 16 National accounts 2014

19 M 3 Output, intermediate consumption and the generation of income by sectors From the output ** 2014* mln euro Output (basic prices) Non-financial corporations Financial corporations General government Households including NPIs serving households Intermediate consumption (excl. deductible VAT) ( ) Non-financial corporations Financial corporations General government Households including NPIs serving households Value added (gross, basic prices) Non-financial corporations Financial corporations General government Households including NPIs serving households From the generation of income Compensation of employees Non-financial corporations Financial corporations General government Households including NPIs serving households Operating surplus / mixed income (net) Non-financial corporations Financial corporations General government Households including NPIs serving households Consumption of fixed capital Non-financial corporations Financial corporations General government Households including NPIs serving households Other taxes on production less subsidies Non-financial corporations Financial corporations General government Households including NPIs serving households Difference imputed and paid VAT ( ) Non-financial corporations Financial corporations General government Households including NPIs serving households Value added (gross, basic prices) Non-financial corporations Financial corporations General government Households including NPIs serving households % volume changes Value added (gross, basic prices) Non-financial corporations Financial corporations General government Households including NPIs serving households Macroeconomics 17

20 M 4 Domestic product and national income, alternative definitions ** 2014* mln euro Domestic product (gross, market prices) Consumption of fixed capital ( ) Domestic product (net, market prices) Net primary income from the rest of the world National income (gross, market prices) National income (net, market prices) Net current transfers from the rest of the world Disposable national income (gross, marketprices) Disposable national income (net, marketprices) euro Domestic product per capita (gross, market prices) Domestic product per capita (net, market prices) National income per capita (gross, market prices) National income per capita (net, market prices) Disposable national income per capita (gross, marketprices) Disposable national income per capita (net, marketprices) % volume changes Domestic product (gross, market prices) Domestic product (net, market prices) National income (gross, market prices) National income (net, market prices) Disposable national income (gross, marketprices) Disposable national income (net, marketprices) % price changes Domestic product (gross, market prices) Domestic product (net, market prices) National income (gross, market prices) National income (net, market prices) Disposable national income (gross, marketprices) Disposable national income (net, marketprices) M 5 Contribution to volume growth of domestic product (gross, marketprices) % volume changes ** 2014* Domestic product (gross, market prices) percentage points National final expenditure Final consumption expenditure General government Households incl. NPIs serving households Capital formation (gross) including changes in inventories 1) Exports Goods from production Re-exports Services from production ) Including acquisitions less disposals of valuables. 18 National accounts 2014

21 M 6 Supply and disposition of goods and services ** 2014* mln euro Disposable for final expenditure Domestic product (gross, market prices) Imports of goods and services Goods Services Total final expenditure National final expenditure Final consumption expenditure General government Households incl. NPIs serving households Fixed capital formation (gross) Corporations General government Changes in inventories 1) Exports of goods and services Goods Services % volume changes Disposable for final expenditure Domestic product (gross, market prices) Imports of goods and services Goods Services Total final expenditure National final expenditure Final consumption expenditure General government Households incl. NPIs serving households Fixed capital formation (gross) Corporations General government Changes in inventories 1) Exports of goods and services Goods Services % price changes Disposable for final expenditure Domestic product (gross, market prices) Imports of goods and services Goods Services Total final expenditure National final expenditure Final consumption expenditure General government Households incl. NPIs serving households Fixed capital formation (gross) Corporations General government Changes in inventories 1) Exports of goods and services Goods Services ) Including acquisitions less disposals of valuables. Macroeconomics 19

22 M 7 Deficit and debt of general government (EMU-definitions) ** 2014* mln euro Total revenues Taxes Taxes on production and imports Current taxes on income and wealth Capital taxes Social security contributions Market output Payments for other non-market output Property income Interest Other Other revenu n.e.c Own-account capital formation Other subsidies on production Imputed social contributions Other current transfers Capital transfers (excl. capital taxes) Total expenditure ( ) Compensation of employees Intermediate consumption Capital formation (gross) Social security benefits In cash In kind via market producers Social assistance benefits In cash In kind via market producers Subsidies Property income Interest Other Other revenu n.e.c Other taxes on production Unfunded employee social benefits Other current transfers Capital transfers Acquisitions less disposals of non-produced non-financial assets EDP-deficit Central government Local government Social security funds EDP-debt Deposits Short-term debt securities Long-term debt securities Short-term loans Long-term loans % GDP EDP-deficit EDP-debt National accounts 2014

23 2. Supply, use and input-output tables National accounts

24 G 1 Supply table 2014* at basic prices (mln euro) 2014* Agriculture, forestry and fishing Mining and quarrying Manufacturing Products of agriculture Products of forestry Products of fishing Crude petroleum and natural gas Other mining and quarrying products Food products Beverages and tobacco Textiles, wearing apparel and leather Wood, paper products and printing services Coke and refined petroleum products Chemicals and chemical products Pharmaceutical products and preparations Rubber, plastics and non-metallic minerals Basic metals Metal products Computer, electronic and optical products Electrical equipment Machinery and equipment n.e.c Transport equipment Other manufactured goods and repair Electricity, gas, steam and air conditioning Water supply and waste management Constructions and construction works Repair of motor vehicles and motorcycles Transportation and storage services Postal and courier services Accommodation and food services Publishing, audiovisual and broadcasting Telecommunications services IT- and information services Financial and insurance services Real estate services Professional and technical activities Scientific research and development services Administrative and support services Public administration and services Education services Human health and social work services Arts, entertainment and recreation services Other services Services of households as employers 42 Contract wages, finishing and trade services Services n.e.c. 44 Not imputed goods and services Trade and transport margins Cif/fob-adjustment and reclassification 47 Cif/fob-reclassification 48 Supply at basic prices Electricity and gas supply Water supply and waste management Construction Wholesale, retail trade and repair vehicles Transportation and storage Accommodation and food serving Information and communication Financial and insurance activities Real estate activities 22 National accounts 2014

25 Professional, scientific, technical activities Administrative and support service activities Public administration and services Education Human health and social work activities Arts, entertainment and recreation Other service activities Activities of households as employers Services n.e.c Domestic supply (columns 1 21) Imports of goods Imports of services Supply at basic prices (columns 22 24) Trade and transport margins Taxes on products (excl. VAT) Subsidies on products ( ) Supply at purchasers' prices Supply, use and input-output tables 23

26 G 2 Use table 2014* at purchaser's prices (mln euro) 2014* Agriculture, forestry and fishing Mining and quarrying Manufacturing Electricity and gas supply Products of agriculture Products of forestry Products of fishing Crude petroleum and natural gas Other mining and quarrying products Food products Beverages and tobacco Textiles, wearing apparel and leather Wood, paper products and printing services Coke and refined petroleum products Chemicals and chemical products Pharmaceutical products and preparations Rubber, plastics and non-metallic minerals Basic metals Metal products Computer, electronic and optical products Electrical equipment Machinery and equipment n.e.c Transport equipment Other manufactured goods and repair Electricity, gas, steam and air conditioning Water supply and waste management Constructions and construction works Repair of motor vehicles and motorcycles Transportation and storage services Postal and courier services Accommodation and food services Publishing, audiovisual and broadcasting Telecommunications services IT- and information services Financial and insurance services Real estate services Professional and technical activities Scientific research and development services Administrative and support services Public administration and services Education services Human health and social work services Arts, entertainment and recreation services Other services Services of households as employers 42 Contract wages, finishing and trade services Services n.e.c Not imputed goods and services Non-deductible VAT Total intermediate consumption Other taxes on production Other subsidies on production ( ) Wages and salaries Employers' social contributions Operating surplus (gross) Value added at basic prices (rows 47-51) Sales of existing fixed assets 54 Consumption by non-residents in the Netherlands 55 Consumption by residents in the rest of the world 56 Cif/fob-adjustment 57 Use at purchaser' prices ) Including acquisitions less disposals of valuables. Water supply and waste management Construction Wholesale, retail trade and repair vehicles Transportation and storage Accommodation and food serving Information and communication Financial and insurance activities Real estate activities Professional, scientific, technical activities 24 National accounts 2014

27 Administrative and support service activities Public administration and services Education Human health and social work activities Arts, entertainment and recreation Other service activities Activities of households as employers Services n.e.c. Total columns Exports of goods Exports of services Final consumption households incl. NPISHs Final consumption general government Gross fixed capital formation Changes in inventories 1) Consumption residents in rest of the world Difference imputed and paid VAT Total columns Supply, use and input-output tables 25