The 2003-2006 revisions of the Income and Expenditure Accounts

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Table 3 Revisions to gross domestic product
Reference period
Initial estimate1
Previous estimate2
Revised estimate3
Current revision4
Cumulative revision5
seasonally adjusted at annual rates, millions of current dollars
2003
1,214,601
1,213,408
1,213,175
-233
-1,426
2004
1,293,289
1,290,788
1,290,828
40
-2,461
2005
1,368,726
1,371,425
1,375,080
3,655
6,354
2006
1,439,291
1,439,291
1,446,307
7,016
7,016
2003 Q 1
1,211,120
1,209,756
1,208,584
-1,172
-2,536
2003 Q 2
1,206,560
1,197,968
1,197,408
-560
-9,152
2003 Q 3
1,216,256
1,217,004
1,217,136
132
880
2003 Q 4
1,228,876
1,228,904
1,229,572
668
696
2004 Q 1
1,255,676
1,253,940
1,253,040
-900
-2,636
2004 Q 2
1,287,476
1,284,372
1,286,048
1,676
-1,428
2004 Q 3
1,308,012
1,305,208
1,304,768
-440
-3,244
2004 Q 4
1,323,868
1,319,632
1,319,456
-176
-4,412
2005 Q 1
1,331,300
1,332,712
1,334,424
1,712
3,124
2005 Q 2
1,347,608
1,352,560
1,356,388
3,828
8,780
2005 Q 3
1,385,940
1,386,308
1,390,844
4,536
4,904
2005 Q 4
1,411,652
1,414,120
1,418,664
4,544
7,012
2006 Q 1
1,417,276
1,427,416
1,431,364
3,948
14,088
2006 Q 2
1,429,800
1,432,564
1,442,220
9,656
12,420
2006 Q 3
1,440,808
1,443,440
1,452,396
8,956
11,588
2006 Q 4
1,453,744
1,453,744
1,459,248
5,504
5,504

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.