Netherlands - Households and NPISHs final consumption expenditure (% of GDP)

Households and NPISHs final consumption expenditure (% of GDP) in Netherlands was 41.90 as of 2020. Its highest value over the past 51 years was 53.51 in 1969, while its lowest value was 41.90 in 2020.

Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1969 53.51
1970 53.35
1971 52.07
1972 51.27
1973 51.16
1974 49.29
1975 51.44
1976 51.90
1977 52.98
1978 53.32
1979 52.96
1980 52.51
1981 51.27
1982 51.34
1983 51.62
1984 50.60
1985 50.98
1986 50.58
1987 50.95
1988 50.03
1989 49.59
1990 49.44
1991 49.79
1992 49.60
1993 49.66
1994 49.41
1995 49.22
1996 50.02
1997 49.79
1998 50.10
1999 50.78
2000 50.33
2001 49.73
2002 50.03
2003 49.96
2004 49.43
2005 48.81
2006 47.20
2007 46.32
2008 45.65
2009 45.70
2010 45.45
2011 45.64
2012 45.51
2013 45.49
2014 45.30
2015 45.05
2016 44.62
2017 44.34
2018 44.13
2019 43.48
2020 41.90

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Household final consumption expenditure is often estimated as a residual, by subtracting all other known expenditures from GDP. The resulting aggregate may incorporate fairly large discrepancies. When household consumption is calculated separately, many of the estimates are based on household surveys, which tend to be one-year studies with limited coverage. Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures. Complicating the issue, in many developing countries the distinction between cash outlays for personal business and those for household use may be blurred. Informal economic activities pose a particular measurement problem, especially in developing countries, where much economic activity is unrecorded. A complete picture of the economy requires estimating household outputs produced for home use, sales in informal markets, barter exchanges, and illicit or deliberately unreported activities. The consistency and completeness of such estimates depend on the skill and methods of the compiling statisticians.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts