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The 2000-2003 revisions of the Income and Expenditure Accounts

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Table 3 - Revisions to income aggregates at current prices

Standard symbols

	Initial estimate¹	Previous estimate²	Revised estimate³	Current revision⁴	Current revision⁵
Reference period	millions of dollars				%
Wages, salaries and supplementary labour income
2000	534,601	545,116	545,204	88	0.0
2001	559,102	569,920	570,008	88	0.0
2002	595,267	597,316	592,692	-4,624	-0.8
2003	617,506	617,506	613,718	-3,788	-0.6
Corporation profits before taxes
2000	124,710	135,647	135,978	331	0.2
2001	119,922	127,530	126,620	-910	-0.7
2002	125,507	133,004	137,480	4,476	3.4
2003	146,417	146,417	151,210	4,793	3.3
Government business enterprise profits before taxes
2000	12,392	11,843	11,329	-514	-4.3
2001	9,678	9,641	10,483	842	8.7
2002	10,845	10,426	11,478	1,052	10.1
2003	10,102	10,102	11,643	1,541	15.3
Interest and miscellaneous investment income
2000	52,050	54,261	55,302	1,041	1.9
2001	53,463	53,010	52,967	-43	-0.1
2002	49,666	49,425	48,188	-1,237	-2.5
2003	50,625	50,625	51,508	883	1.7
Accrued net income of farm operators from farm production
2000	2,185	1,553	1,243	-310	-20.0
2001	2,963	2,715	1,633	-1,082	-39.9
2002	2,119	1,715	889	-826	-48.2
2003	1,079	1,079	694	-385	-35.7
Net income of non-farm unincorporated business, including rent
2000	61,994	64,860	64,944	84	0.1
2001	65,719	67,582	68,364	782	1.2
2002	71,894	72,960	73,841	881	1.2
2003	77,366	77,366	77,382	16	0.0
Inventory valuation adjustment
2000	-2,310	-2,393	-2,439	-46	...
2001	-458	-21	240	261	...
2002	-3,044	-3,561	-2,959	602	...
2003	4,941	4,941	4,876	-65	...
Taxes less subsidies, on factors of production ⁶
2000	..	51,850	51,693	-157	-0.3
2001	56,253	52,846	52,557	-289	-0.5
2002	53,152	53,755	53,721	-34	-0.1
2003	55,717	55,717	55,465	-252	-0.5
Taxes less subsidies, on products ⁶
2000	..	75,983	76,647	664	0.9
2001	75,269	76,331	76,995	664	0.9
2002	84,448	84,442	85,538	1,096	1.3
2003	86,660	86,660	87,188	528	0.6
Capital consumption allowances
2000	125,165	138,154	137,425	-729	-0.5
2001	142,498	146,798	147,608	810	0.6
2002	152,642	155,004	156,146	1,142	0.7
2003	164,030	164,030	164,403	373	0.2

¹	For annual data, the initial estimate is from the fourth quarter of the corresponding year.
²	For 2000, 2001 and 2002, the previous estimate is the one released with the first quarter of 2003, while for 2003 it is from the fourth quarter issue of 2003.
³	The revised estimates are the result of the 2004 revisions.
⁴	The current revision is the revised estimate less the previous estimate.
⁵	The current percentage revision is the current revision as a percentage of the previous estimate.
⁶	With the 2001 first quarter release, value added is measured at basic prices, instead of factor cost (as previously). This incorporated the breakdown of indirect taxes into taxes on factors of production and taxes on products.