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Latest Developments in the Canadian Economic Accounts

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The 2000-2003 revisions of the Income and Expenditure Accounts

Table 2 - Revisions to Gross domestic product (growth rates)

Standard symbols

	At current prices
Reference period	Initial estimate¹	Previous estimate²	Revised estimate³	Current revision⁴
2000	8.4	9.5	9.6	0.1
2001	2.7	3.0	2.9	-0.1
2002	4.6	4.3	4.5	0.2
2003	5.2	5.2	5.3	0.1

2000 Q 1	2.1	2.7	2.7	0.0
2000 Q 2	1.8	2.6	2.7	0.1
2000 Q 3	1.7	2.1	2.0	-0.1
2000 Q 4	0.8	0.9	1.0	0.1

2001 Q 1	1.9	1.2	1.2	0.0
2001 Q 2	0.4	0.2	0.2	0.0
2001 Q 3	-1.4	-1.3	-1.4	-0.1
2001 Q 4	-0.2	-0.4	-0.3	0.1

2002 Q 1	2.3	2.2	2.1	-0.1
2002 Q 2	2.8	2.6	2.9	0.3
2002 Q 3	1.2	1.2	1.3	0.1
2002 Q 4	1.6	1.5	1.6	0.1

2003 Q 1	2.5	2.4	2.3	-0.1
2003 Q 2	-0.4	-0.7	-0.6	0.1
2003 Q 3	1.1	1.2	1.0	-0.2
2003 Q 4	1.0	1.0	1.2	0.2
	$ chained 1997⁵
Reference period	Initial estimate¹	Previous estimate²	Revised estimate³	Current revision⁴
2000	..	5.3	5.2	-0.1
2001	1.5	1.9	1.8	-0.1
2002	3.4	3.3	3.4	0.1
2003	1.7	1.7	2.0	0.3

2000 Q 1	..	1.4	1.4	0.0
2000 Q 2	..	1.0	1.1	0.1
2000 Q 3	..	1.3	1.2	-0.1
2000 Q 4	..	0.4	0.3	-0.1

2001 Q 1	0.6	0.3	0.4	0.1
2001 Q 2	0.1	0.3	0.2	-0.1
2001 Q 3	-0.2	-0.2	-0.2	0.0
2001 Q 4	0.5	0.9	1.0	0.1

2002 Q 1	1.5	1.4	1.3	-0.1
2002 Q 2	1.1	0.9	0.9	0.0
2002 Q 3	0.8	0.7	1.0	0.3
2002 Q 4	0.4	0.4	0.5	0.1

2003 Q 1	0.6	0.6	0.7	0.1
2003 Q 2	-0.1	-0.2	-0.2	0.0
2003 Q 3	0.3	0.3	0.3	0.0
2003 Q 4	0.9	0.9	0.8	-0.1

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 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	With the 2001 first quarter release, Chain Fisher was introduced as the new measure of real GDP.