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The 2002-2005 revisions of the Income and Expenditure Accounts

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Table 6 Revisions to expenditure aggregates at current prices
Reference period
Initial estimate1
Previous estimate2
Revised estimate3
Current revision4
Cumulative revision5
millions of dollars
Personal expenditure on consumer goods and servies
2002
651,192
656,349
655,722
-627
4,530
2003
689,419
687,791
686,488
-1,303
-2,931
2004
722,631
721,235
719,869
-1,366
-2,762
2005
761,962
761,962
760,380
-1,582
-1,582
Government current expenditure on goods and services
2002
214,174
223,905
224,428
523
10,254
2003
231,003
236,631
239,392
2,761
8,389
2004
249,771
248,534
249,779
1,245
8
2005
262,369
262,369
264,242
1,873
1,873
Government gross fixed capital formation
2002
29,233
29,732
28,589
-1,143
-644
2003
32,144
30,953
30,085
-868
-2,059
2004
32,702
33,091
31,553
-1,538
-1,149
2005
35,129
35,129
34,237
-892
-892
Government investment in inventories
2002
-45
-45
-45
0
0
2003
15
15
15
0
0
2004
21
21
21
0
0
2005
27
27
27
0
0
Business investment in residential structures
2002
63,103
65,712
65,651
-61
2,548
2003
73,016
72,971
72,758
-213
-258
2004
84,470
83,557
82,972
-585
-1498
2005
89,595
89,595
89,101
-494
-494
Business investment in non-residential structures
2002
50,024
49,987
50,659
672
635
2003
49,844
53,883
54,425
542
4,581
2004
54,243
57,139
61,600
4,461
7,357
2005
63,938
63,938
69,606
5,668
5,668
Business investment in machinery and equipment
2002
84,380
80,150
80,275
125
-4,105
2003
82,187
80,266
80,471
205
-1,716
2004
85,641
85,171
85,215
44
-426
2005
91,354
91,354
91,104
-250
-250
Business investment in inventories
2002
2,672
-1,301
-2,674
-1,373
-5,346
2003
7,563
7,239
4,935
-2,304
-2,628
2004
7,219
7,758
6,216
-1,542
-1,003
2005
9,469
9,469
11,158
1,689
1,689
Exports of goods and services
2002
470,114
478,071
479,185
1,114
9,071
2003
459,561
461,266
461,656
390
2,095
2004
494,519
492,580
494,578
1,998
59
2005
518,256
518,256
519,680
1,424
1,424
Imports of goods and services
2002
423,096
427,679
428,301
622
5,205
2003
409,993
414,370
416,516
2,146
6,523
2004
437,404
438,346
440,963
2,617
3,559
2005
464,030
464,030
467,673
3,643
3,643

1. For annual data, the initial estimate is from the fourth quarter of the corresponding year.
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.
Date Modified: 2007-05-09

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