The 2003-2006 revisions of the Income and Expenditure Accounts

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Table 4a Revisions to gross domestic product (growth rates) - current dollars
Reference period
Initial estimate1
Previous estimate2
Revised estimate3
Current revision4
Cumulative revision5
current dollars, % percentage points
2003
5.2
5.2
5.2
0.0
0.0
2004
6.1
6.4
6.4
0.0
0.3
2005
6.1
6.2
6.5
0.3
0.4
2006
4.9
4.9
5.2
0.3
0.3
2003 Q 1
2.5
2.2
2.1
-0.1
-0.4
2003 Q 2
-0.4
-1.0
-0.9
0.1
-0.5
2003 Q 3
1.1
1.6
1.6
0.0
0.5
2003 Q 4
1.0
1.0
1.0
0.0
0.0
2004 Q 1
1.8
2.0
1.9
-0.1
0.1
2004 Q 2
2.5
2.4
2.6
0.2
0.1
2004 Q 3
1.7
1.6
1.5
-0.1
-0.2
2004 Q 4
1.2
1.1
1.1
0.0
-0.1
2005 Q 1
1.0
1.0
1.1
0.1
0.1
2005 Q 2
1.3
1.5
1.6
0.1
0.3
2005 Q 3
2.8
2.5
2.5
0.0
-0.3
2005 Q 4
2.0
2.0
2.0
0.0
0.0
2006 Q 1
0.2
0.9
0.9
0.0
0.7
2006 Q 2
0.2
0.4
0.8
0.4
0.6
2006 Q 3
0.6
0.8
0.7
-0.1
0.1
2006 Q 4
0.7
0.7
0.5
-0.2
-0.2

Notes:

Q = Quarter

1. For annual data, the initial estimate is from the fourth quarter of the corresponding year, for quarterly data, it is the estimate first published for the corresponding quarter. The initial annual estimate is not the average of the initial quarterly estimates as the latter have already been revised by the time the initial annual estimate is released.
2. For 2003, 2004 and 2005, the previous estimate is the one released with the first quarter of 2006, while for 2006 it is from the fourth quarter issue of 2006.
3. The revised estimates are the result of the revisions at the time of the first quarter 2007.
4. The current revision is the revised estimate less the previous estimate.
5. The cumulative revision is the revised estimate less the initial estimate.
Table 4b Revisions to gross domestic product (growth rates) - chained dollars
Reference period
Initial estimate1
Previous estimate2
Revised estimate3
Current revision4
Cumulative revision5
Chained (1997) dollars Chained (2002) dollars
% percentage points
2003
1.7
1.8
1.9
0.1
0.2
2004
2.8
3.3
3.1
-0.2
0.3
2005
2.9
2.9
3.1
0.2
0.2
2006
2.7
2.7
2.8
0.1
0.1
2003 Q 1
0.6
0.5
0.4
-0.1
-0.2
2003 Q 2
-0.1
-0.3
-0.1
0.2
0.0
2003 Q 3
0.3
0.4
0.3
-0.1
0.0
2003 Q 4
0.9
0.9
0.9
0.0
0.0
2004 Q 1
0.6
1.0
0.7
-0.3
0.1
2004 Q 2
1.1
1.1
1.2
0.1
0.1
2004 Q 3
0.8
1.0
1.0
0.0
0.2
2004 Q 4
0.4
0.5
0.6
0.1
0.2
2005 Q 1
0.6
0.6
0.4
-0.2
-0.2
2005 Q 2
0.8
0.8
0.9
0.1
0.1
2005 Q 3
0.9
0.8
1.0
0.2
0.1
2005 Q 4
0.6
0.6
0.9
0.3
0.3
2006 Q 1
0.9
0.9
0.8
-0.1
-0.1
2006 Q 2
0.5
0.5
0.4
-0.1
-0.1
2006 Q 3
0.4
0.5
0.3
-0.2
-0.1
2006 Q 4
0.4
0.4
0.4
0.0
0.0

Notes:

Q = Quarter

1. For annual data, the initial estimate is from the fourth quarter of the corresponding year, for quarterly data, it is the estimate first published for the corresponding quarter. The initial annual estimate is not the average of the initial quarterly estimates as the latter have already been revised by the time the initial annual estimate is released.
2. For 2003, 2004 and 2005, the previous estimate is the one released with the first quarter of 2006, while for 2006 it is from the fourth quarter issue of 2006.
3. The revised estimates are the result of the revisions at the time of the first quarter 2007.
4. The current revision is the revised estimate less the previous estimate.
5. The cumulative revision is the revised estimate less the initial estimate.