The 2003-2006 revisions of the Income and Expenditure Accounts

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Table 6 Revisions to expenditure aggregates at current prices
Reference period	Initial estimate¹	Previous estimate²	Revised estimate³	Current revision⁴	Cumulative revision⁵
Reference period	millions of dollars
Personal expenditure on consumer goods and services
2003	689,419	686,488	686,552	64	-2,867
2004	722,631	719,869	720,401	532	-2,230
2005	761,962	760,380	760,701	321	-1,261
2006	801,810	801,810	803,502	1,692	1,692
Government current expenditure on goods and services
2003	231,003	239,392	238,416	-976	7,413
2004	249,771	249,779	248,868	-911	-903
2005	262,369	264,242	262,650	-1,592	281
2006	282,667	282,667	279,806	-2,861	-2,861
Government gross fixed capital formation
2003	32,144	30,085	30,107	22	-2,037
2004	32,702	31,553	32,082	529	-620
2005	35,129	34,237	36,296	2,059	1,167
2006	37,382	37,382	40,336	2,954	2,954
Government investment in inventories
2003	15	15	15	0	0
2004	21	21	21	0	0
2005	27	27	27	0	0
2006	-41	-41	-41	0	0
Business investment in residential structures
2003	73,016	72,758	72,714	-44	-302
2004	84,470	82,972	82,918	-54	-1,552
2005	89,595	89,101	89,791	690	196
2006	96,941	96,941	98,386	1,445	1,445
Business investment in non-residential structures
2003	49,844	54,425	54,545	120	4,701
2004	54,243	61,600	62,081	481	7,838
2005	63,938	69,606	72,674	3,068	8,736
2006	80,681	80,681	85,698	5,017	5,017
Business investment in machinery and equipment
2003	82,187	80,471	80,831	360	-1,356
2004	85,641	85,215	84,435	-780	-1,206
2005	91,354	91,104	90,609	-495	-745
2006	94,109	94,109	93,801	-308	-308
Business investment in inventories
2003	7,563	4,935	4,305	-630	-3,258
2004	7,219	6,216	5,589	-627	-1,630
2005	9,469	11,158	9,642	-1,516	173
2006	7,223	7,223	7,824	601	601
Exports of goods and services
2003	459,561	461,656	462,473	817	2,912
2004	494,519	494,578	495,347	769	828
2005	518,256	519,680	520,379	699	2,123
2006	525,611	525,611	524,706	-905	-905
Imports of goods and services
2003	409,993	416,516	416,856	340	6,863
2004	437,404	440,963	440,732	-231	3,328
2005	464,030	467,673	468,197	524	4,167
2006	487,379	487,379	487,660	281	281
Notes: 1. For annual data, the initial estimate is from the fourth quarter of the corresponding year. 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 current revision is the current revision less the initial estimate.