The 2002-2005 revisions of the Income and Expenditure Accounts

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Table 3 Revisions to gross domestic product
Reference period
At current prices
Initial estimate1
Previous estimate2
Revised estimate3
Current revision4
Cumulative revision5
seasonally adjusted at annual rates, millions of dollars
2002
1,142,123
1,154,204
1,152,905
-1,299
10,782
2003
1,214,601
1,216,191
1,213,408
-2,783
-1,193
2004
1,293,289
1,290,185
1,290,788
603
-2,501
2005
1,368,726
1,368,726
1,371,425
2,699
2,699
2002 Q 1
1,106,352
1,118,780
1,119,204
424
12,852
2002 Q 2
1,138,212
1,148,380
1,146,676
-1,704
8,464
2002 Q 3
1,151,832
1,164,288
1,161,928
-2,360
10,096
2002 Q 4
1,170,916
1,185,368
1,183,812
-1,556
12,896
2003 Q 1
1,211,120
1,212,808
1,209,756
-3,052
-1,364
2003 Q 2
1,206,560
1,202,620
1,197,968
-4,652
-8,592
2003 Q 3
1,216,256
1,216,956
1,217,004
48
748
2003 Q 4
1,228,876
1,232,380
1,228,904
-3,476
28
2004 Q 1
1,255,676
1,252,380
1,253,940
1,560
-1,736
2004 Q 2
1,287,476
1,284,268
1,284,372
104
-3,104
2004 Q 3
1,308,012
1,305,484
1,305,208
-276
-2,804
2004 Q 4
1,323,868
1,318,608
1,319,632
1,024
-4,236
2005 Q 1
1,331,300
1,329,716
1,332,712
2,996
1,412
2005 Q 2
1,347,608
1,349,772
1,352,560
2,788
4,952
2005 Q 3
1,385,940
1,383,764
1,386,308
2,544
368
2005 Q 4
1,411,652
1,411,652
1,414,120
2,468
2,468
  Chained (1997) dollars
2002
1,062,143
1,070,789
1,069,282
-1,507
7,139
2003
1,092,891
1,092,388
1,088,773
-3,615
-4,118
2004
1,126,625
1,124,428
1,124,688
260
-1,937
2005
1,157,446
1,157,446
1,157,705
259
259
2002 Q 1
1,047,731
1,057,600
1,057,443
-157
9,712
2002 Q 2
1,059,412
1,066,568
1,064,108
-2,460
4,696
2002 Q 3
1,066,551
1,076,430
1,074,254
-2,176
7,703
2002 Q 4
1,072,854
1,082,557
1,081,321
-1,236
8,467
2003 Q 1
1,090,415
1,090,723
1,086,893
-3,830
-3,522
2003 Q 2
1,089,797
1,087,321
1,083,247
-4,074
-6,550
2003 Q 3
1,090,382
1,090,863
1,087,698
-3,165
-2,684
2003 Q 4
1,101,564
1,100,645
1,097,254
-3,391
-4,310
2004 Q 1
1,110,917
1,107,771
1,108,439
668
-2,478
2004 Q 2
1,124,350
1,121,455
1,120,564
-891
-3,786
2004 Q 3
1,131,302
1,131,229
1,131,928
699
626
2004 Q 4
1,137,337
1,137,256
1,137,820
564
483
2005 Q 1
1,143,801
1,143,107
1,144,136
1,029
335
2005 Q 2
1,152,277
1,153,132
1,153,623
491
1,346
2005 Q 3
1,162,865
1,163,112
1,162,822
-290
-43
2005 Q 4
1,170,432
1,170,432
1,170,239
-193
-193
Note:
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 2002, 2003 and 2004, the previous estimate is the one released with the first quarter of 2005, while for 2005 it is from the fourth quarter issue of 2005.
3. The revised estimates are the result of the 2006 revisions.
4. The current revision is the revised estimate less the previous estimate.
5. The cumulative revision is the revised estimate less the initial estimate.