The 2002-2005 revisions of the Income and Expenditure Accounts

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Table 4 Revisions to gross domestic product (growth rates)
Reference period
 At current prices
Initial estimate1
Previous estimate2
Revised estimate3
Current revision4
Cumulative revision5
% percentage points
2002
4.6
4.2
4.0
-0.2
-0.6
2003
5.2
5.4
5.2
-0.2
0.0
2004
6.1
6.1
6.4
0.3
0.3
2005
6.1
6.1
6.2
0.1
0.1
2002 Q 1
2.3
1.9
1.9
0.0
-0.4
2002 Q 2
2.8
2.6
2.5
-0.1
-0.3
2002 Q 3
1.2
1.4
1.3
-0.1
0.1
2002 Q 4
1.6
1.8
1.9
0.1
0.3
2003 Q 1
2.5
2.3
2.2
-0.1
-0.3
2003 Q 2
-0.4
-0.8
-1.0
-0.2
-0.6
2003 Q 3
1.1
1.2
1.6
0.4
0.5
2003 Q 4
1.0
1.3
1.0
-0.3
0.0
2004 Q 1
1.8
1.6
2.0
0.4
0.2
2004 Q 2
2.5
2.5
2.4
-0.1
-0.1
2004 Q 3
1.7
1.7
1.6
-0.1
-0.1
2004 Q 4
1.2
1.0
1.1
0.1
-0.1
2005 Q 1
1.0
0.8
1.0
0.2
0.0
2005 Q 2
1.3
1.5
1.5
0.0
0.2
2005 Q 3
2.8
2.5
2.5
0.0
-0.3
2005 Q 4
2.0
2.0
2.0
0.0
0.0
  Chained (1997) dollars
2002
3.4
3.1
2.9
-0.2
-0.5
2003
1.7
2.0
1.8
-0.2
0.1
2004
2.8
2.9
3.3
0.4
0.5
2005
2.9
2.9
2.9
0.0
0.0
2002 Q 1
1.5
1.2
1.2
0.0
-0.3
2002 Q 2
1.1
0.8
0.6
-0.2
-0.5
2002 Q 3
0.8
0.9
1.0
0.1
0.2
2002 Q 4
0.4
0.6
0.7
0.1
0.3
2003 Q 1
0.6
0.8
0.5
-0.3
-0.1
2003 Q 2
-0.1
-0.3
-0.3
0.0
-0.2
2003 Q 3
0.3
0.3
0.4
0.1
0.1
2003 Q 4
0.9
0.9
0.9
0.0
0.0
2004 Q 1
0.6
0.6
1.0
0.4
0.4
2004 Q 2
1.1
1.2
1.1
-0.1
0.0
2004 Q 3
0.8
0.9
1.0
0.1
0.2
2004 Q 4
0.4
0.5
0.5
0.0
0.1
2005 Q 1
0.6
0.5
0.6
0.1
0.0
2005 Q 2
0.8
0.9
0.8
-0.1
0.0
2005 Q 3
0.9
0.9
0.8
-0.1
-0.1
2005 Q 4
0.6
0.6
0.6
0.0
0.0
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.